Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-24
TRADE STU ALTON.
LESS THAN AVERAGE EFFECT OF
MIDSUMMER INFLUENCE.
PRICES SHOW UNUSUAL STRENGTH.
Particularly il This So In View OF
the Recent steady Advnnces-Hati-
road Reports Indicate an Exccp-
tionaIIy Large Traffic.

NEW YORK, June Z.-BrauSuec' W
morrow will say: Less than the average
effect of approaching midsummer infiu-
ence is discerniblc in current trade re-
ports. Prices, too, show a strength I'M
! usual at this period, and particularly in
view OF the recent steady advances This
is notably manifest, of course, in the
iron and steel industry, where the ten
dency of values is still upward. though
tho advances reported are not uniform ~
ali markets, pointing to individual IN
stances of business done at best possible
prices. Where prompt delivery can be
guaranteed fancy quotations are In many
cases obtainable, and testimony TO the
scarcity of supplies is universal.
IRON AND STEEL.
An unprecedented weekly output Of coke
is coincldent with statements that the
usual summer shutdown in iron ana us
allied industries will be ignored, and
claims from Pittsburg of the placing OF
record-breaking contracts Tor steer rams
for export to Russia, not, however, Ior
immediate delivery. Predictions OF S-O 1Or
nesaemer are wei within sight Of reah-
cation, and warnings OF overdolhg the
situation are more numerous. Hopes OF
Improvement I'm the woollen goods INDUS
trv have inaterializeG in an active de-
mand at leading markets for the manu-
fnctured nroduct. and simultaneously
from, several markets come reports OF al
normally small stocks of lightweight
goods in dealers hands. Wool is more
active and firmer, in sympathy herewith.
and sales are larger. though mostly on
speculative account A feature Is heaVy
sales of high-grade domestic WOODS 10 lor-
eicn buyers. but whether this WOOL VIII
90 abroad depends upon next weeks Lon
don sales.
Improved crop reports are responsible
chiefly tor products declining in price
this week Wheat has been affected py
glowing reports from sprnS-wheat sec
lions. but more especially by continued
enormous deliveries of old-crop supplies,
pointing 10 the 1895 spring wheat yield,
and thus showing that the aggregate
Weld of the country has been heavily IN
derestimated. At the decline, however
good buying on export account has de-
veloped
COTTON AND SUGAR.
Cotton crop prospects have continued TO
improve, and the raw product is lower on
me week. with slight shading claimed
also in print-cloths, although cotton
goods. as a whole are in exceptionally
strong position
Raw sugar is lower on reports OF I'M
proving crop prospects The world over,
but refined sugar is in heavy domestic
demand, and firm.
WAGE TROUBLES.
In industrial lines generally there is lit-
tie more than the usual friction as 10
wages, the most serious disturbance or
all being the Colorado Smelling WORKS
strike. which is one partly on account
Of the number of hours work day. Inc
usual summer shutdown Oh glass lacto-
ries is now complete.
Railroad reports point 70 an excep-
tionally large traffic doing. and earning
reports continue favorable, particularly
i'm the Northwest, but passenger and
freight-rate cuts are increasing.
Lumber retains all OF Its early activity
and strength, alike as regards movement
and prices.
GRAIN EXPORTS.
Wheat. including Hour shipments for
the week aggregate S,7l6,7lS bushels,
against Al bushels last week; 3799, 40
bushels in the corresponding week of
1898 246 bushels IN 1871, 2,e5Lt3l
bushels in 1896 and 1.98.4O2 bushels in
1895. Since July 1st, this season, the ex-
ports OF wheat aggregate l,769,C12
bushels, against 229O12,5OS bushels last
year.
Corn exports for the week aggregate
2.s72.432 bushels, against 9,2So,90l bushels
last week; 3.9O2,S2l bushels in this week
year ago, PSI, od in 1897, i,736,697 bushels
i'm 1896. and Ssl26l bushels in 1888 Since
July LIST. this season, corn exports aggre-
gate 166, 29S 15S bushels, against 1Si,7O5,3f
bushels during the same period year
ago.
FAILURES.
Business failures probably reflect the
semi-annual settlements. numbering for
the week 1879, as against $50 last week, go
this week year ago, 2l5 in 1891, 2lS In
1896. 215 in 1895.
Business failures in the Dominion of
Canada for the week were 10, against %
last week, 10 this week a year ago, II in