The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-28
PRICES STILL
SHOW STRENGTH
Although Trade is Quieter Owing to
Unreasonable Weather,
HIGH PRICES CUT EXPORT TRADE
Cation Goods Are Somewhat Lower
But Wool Continues strong The
Demand for Iron Products still
Strong.

I
morrow will say.
A oiiietenlng down of distributive trade
more particularly 40 retail, D. reported IN
telegraphic advlces 20 Bradstreet this
growing out OF the unseasOnaby warm
weather now being experienced In most
sections Of the country a reflection OF
this Is found I'm less urgent orders received
bv i0bbers and In somewhat impaired col
lectiOus at many points. As REGARDS
prices however. there is no apprecidnie
loss OF strength, the great majority or
quotations remaining steady ana among
those making changes advances are still
most numerous That the general bust
ness vi the country remains az an unpre-
cedented volume IS testified 10 by the
heavy gains noted in bank clearances over
"a year ago. and by the immense increase
I'm railroad earnings over exceptionally
good returns last October.
As regards the current activity in rail-
ways. it may be said that east-bound
traffic from Chicago IN the last week has
more than doubled that reported in the
same period a year ago and nearly twice
as large as that reported In october Of
1892 q record period Of good trade.
OCEAN FRElGHTS.
The ocean frcishts situation is gradual
ly improving partly because high rates
are attracting the available disengaged
tonnage. and partly because the check Co
foreign buying. particularly Of cereals.
caused bv the advance i'm steamship
rates. had exercised a reflex action on
the latter market
simultaneously with the drop I'm freight
rates this week has come a hardening
Of quotations for cereals. partly the re-
suit Of this improved foreign buying not
withstandng the late decline and partly
also because foreign and domestic demand
for corn has not as yet brought out the
flood OF offerings earlier looked for.
Wheat has been sympathetically strong.
as have other cereals. and wheat uour
has been advanced this week.
Coffee is firm. but not much higher on
the week. some speculative reaction hay
ing been noted.
Among leading products decreasing IN
price. tin and copper among the metals
have been most notable, the latter
claimed 20 be due 20 production approach
ing more 10 parity with demand.
Cotton Is fr3ctionalv lower MS the re-
suit ~ the deadlock between foreign con-
sumers ands American producers The
situation of cotton goods. one Of ag-
pressive strength. is supporting feature
of no small account
The strength of wool is natural In
view or the very large sales. most Of
which are claimed 10 have been for ac-
count of manufacturers In wooden
goods demand is favorable and further
price advances are predicted. Lumber.
after slight hesitation az some markets.
due 20 enlarged supplies. Is again very
firm, as are also hides and leather in
sympathy with recent advances DO boots
ana SHOES.
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