Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-02
THE WEEKS TRADE.
REVIEW OF THE SITUATION BY
THE MEssRs. DUN.
DEMAND lSIOSISHIEGLY LARGE.
This I'm Spite Of Prices which
WouId Ordinarily Tend to Make IL
Small Larger Employment and
Better Wages.

NEW YORK. September 1.-Messrs. r.
G. Dun G. Co.'S Weekly Review Of
Trade tomorrow will say:
The astonishing feature Is the magni-
tude OF demand, Notwithstanding prices
which would ordinarily check it. In pro-
ducts directly consumed by individuals.
the larger employment and better wages
OF the working force give explanation.
Efforts to meet the demand call for more
stores. and manufacturing works. and
more machinery, and facilities for trans
portation. as II every mans wages were
in part diverted to build up the nations
machinery for manufacturing and distri-
button. The occasion promises quick
profits, the building is largely for the fu-
ture, and 1t goes on in spite Of unusual
prices.
IRON AND STEEL.
The demand of Bessemer pig exceeds
the supply again raising the price for
that and anthracite TO 500, southern
foundry. to $lS25 at Pittsburg, with heavy
sales Gray forge to $40 and Southern at
Chicago to 5000. with local coke ut 81.
ton q week ago. cut nails % cents per keg
this week, plates g per ton, common bar
iron TO S1.S IL at Pittsburg. and tool
steel 10 cents, with large Mexican or
ders placed for pipe. and good orders for
bridges at Chicago. Few works can prom
Use delivery before December. and most
of the heavy contracts have been placed
for next years delivery.
BOOTS. SHOES, AND LEATHER.
Recent advances in boots and shoes
and leather do not prevent large busi-
ness. and hides have slightly risen at
Chicago. Shipments Of boots and shoes
from BostOn-5T per- cent. larger than in
any other year to date-were 1A1 per
cent. larger in August than IN any other
year. and q per cent. larger than in 1899.
Buyers press for early delivery, manu-
facturers refuse many orders. and some
already have contracts farther ahead
than they wish. Leather is a little strong
err, with a heavy business.
WOOL.
Sales Of wool have been moderate
$3.50, 200 pounds for the week, and for five
weeks A. 0O5, so pounds, Of which 80, ,2s0
pounds were domestic, and when the last
great speculation was in progress sales
i'm the same weeks of 1895 were 576G9, 292
pounds. of which 39,l1S96 pounds We're
domestic Some hestancy in buying by
manufacturers is attributed TO current
prices, and I'm quarter-blood washed
fleece and unwashed and combing light
some concessions have been made, so
that the average of 100 quotations by
Coates Brothers Is about 2OS3 cents,
against 20 40 cents August 1st. Mills have
strong demands for goods, and the clay
worsteds have further advanced In cot
ton grades demand exceeds supply, and
many kinds have advanced, although the
material has declined.
COTTON.
The cotton year ends with quotations
az IA cents. The crop has surpassed all
others. and with commercial stocks here
and abroad. and mill stocks about 6oOOOo
bales larger than year ago, the actual
consumption Of American cotton seems
70 have been about TO- 900 bales, so that
n crop of 100000 would leave stocks
about where they were year ago. II
consumption should remain the same
There is a prospect of increased CON
sumption. but also Of yield exceeding
10 600 900 bales, notwithstanding recent
losses. -
WHEAT AND CORN.
Wheat has declined mainly because re-
ports OF injury in the Northwest nav
been dlscredited, and the exports IRON
both coasts have been for the week S'oio'
90 bushels. against o,7S575s last year, az eao
for five weeks 16,1lif25, against Io's,o,so9
last year. The western receipts haso
been 19.5l3. 40 bushels, against N'Sp,1S
last year indicating In recent VICTIMS
eoma disposition on the part Of the Ar
rnoI,rs 10 hold their grain. The enor-
nous exports of corn-2O, 129 bushels
against 1880 4S3 in the same weeks last
Tear--and the western recdpts-ls' I22'Ol9
bushels, against lS,62o71 last year-are
nor to be forgotten. and have caused d
decline Of 1 cent N price. -,
Failures FOR the week have been III IN
the United States. against III last year.
and % i'm Canada, against p last year.