Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-12
TRADE STU ALTON
CROP REPORTS AND PROBABILI-
TIES An IAIPORTANT FACTOR.
IRON AID STEEL VERY INTERESTING.
Western AdNiccs Are of Heavy De-
mand, scarce Supplies, High Prices,
Bcss-WOOI Firm-Lumbcr Firm.

NEW YORK, August n.-Broadstreet's
viii tomorrow say:
Crop reports and probabilities have con-
suuted an important contribution TO
general trade and business adviccs this
week. Among the unquesuonably favor
able features have been the reports re-
sarding The corn crop. government esti-
mates pointing TO yield of probably p,
$4,000 bushels q heavy increase over last
yar, and almost within touch Of the
record total Of 1895. Spring wheat indi-
cations apparently bear out earlier trade
advces, i'm showing a decrease i'm con-
diuon during July. The reduction Of
100000 bushels I'm the probable out
come estimates. however, still allows Of
a total wheat crop of 535 100000 bushels,
considerably smaller # is true, than last
years but. with the exception of 1898
and 1891 the heaviest recorded.
Cotton crop deterioration b. indicated
By the government report, and prices are
il cent higher on the week. on decline
Of nearly 4 points over July. and of nearly
Il points as compared with a year ago.
Visible supplies of cotton are nearly Co.,
90 bales larger than at this time "a year
ago. and are nearly double what they
were i'm 1891 but against this Is 20 bee
cited the generally profitable business
I'm manufacturing lines the world over
and the belief that good spinning grades
may be scarce.
IRON AND STEEL.
The iron and steel situation is particu-
larry interesting at present. Though the
eastern markets are not specially active.
western adviccs are OF heavy demand.
500 If..l of oh
and increasing volume of business book
cd for next year The July production
Of pig-iron was the largest ever known,
but in spite Of this. stocks showed
decrease. and current production Is easily
at the rate of 100000 tons "a year. The
annual railroad car famine is apparently
al hand. reports OF insufficient transpor-
tation facilities being particularly promi-
nent in the coke and coal industries
Hides. leather boots, and shoes are
sympathcucaly strong. and at a conven-
ton Of shoe manufacturers at PhiIadcl-
phia this week practical agreement
10 advances prices Of the finished product
was reached.
Wool IS firm. on steady manufacturing
demand. particularly Tor the finer grades
of The domestic. and advances from the
manufacturing industry are generally Ia
vOrabe
Lumber Is firm, as is also a"5"i' '"t
which an unprecedented demand Is looked
for during the current canning season.
The outlook In the canned goods uade
generally is reported as very good one.
business failures for the week IN the
United states number l56, as compared
with l-G last week. l5T year ago ana
PA in 1887. In Canada, the failures Ior
the week number q, against 70 last week.
30 year ago. and 81 I'm 1897
GRAIN EXPORTS.
Wheat including -four, shipments for
the week aggregated 3.6i6,ia bushels
against AN 6A bushels last week, 5'9zo.
COS bushels In the corresponding week
OF 1898. 4.6O5l9 bushels IN 1891, 2,6l5,2lG
bushels in 1886. and 1.S246 2S bushels in
1896.
Since July LIST. this season. the exports
OF wheat aggregate 22125.cCO bushels.
against 18.S5t7zs bushels last year. and
l6i15.5i3 bushels IN lSs7-'s6.
Corn exports for the week $3.50 36i
,ushels against 5.027lOs bushels last
week S5i7. 9J2 bushels this week year
ago 2275. C52 bushels In 1897. 1851 5Sj
bushels In 1886 and 1856 bushels i'm 1876.
since July LIST. this season. corn eX-
norris aggregate 26.9955Gi bushels, against
II 902 9,4 bushels during the same period
wear ago. and l5.7SsSo bushels in
1915