Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1895-07-04
In THE BUSINESS WORLD
IRON AND STEEL THE DOMlNATlN G
FEATURES.
A Higher Range of Prices Expected for
Wheat Wool Is Rising-Tho Pacific
Coast Cities Securing "A Large Trade
with China and Japan.

Now York, June 2S.-Bradstreet's to-
morrow will say:
Dominating business conditions of the
week are the continued large demand for
iron and steel. The jump in rail prices,
and scarcity of and higher quotations for
plates and nails, have tended to produce
temporary scarcity.
Improving wheat conditions have finally
convinced many in the trade that there
arc likely to be fully 25,G0O0OO bushels
harvested in the United states this year,
which with u probable "aNalable' sur
plus of 5o,0Oo,00J bushels being carried over
at this time, points to only 100,0O0,0O pos
aibly ll900O,OOO bushels or more available"
for export during the next - months,
which is less than i'm any year since 1890.
with short crops abroad in some IN
stances, this can hardly fail to bring "A
higher rang" of prices.
Exports of wheat land flour as wheaO
both coasts of the United States and from
Montreal, amorntcd TO only 1.9i6402 BUSH
els this week against 2,s57. 900 bushels last
week. The decrease is largely of flour
shipments from Newport News, Boston,
New York and san Francisco. The eN-
ports i'm the week year ago were ILL.,
900 bushels ana 3,97l, 600 bushels two years
ago.
Total bank clearngs N.Ol1,O0o0oO, while
smaller for all cities than a week ago by
CO per cent, are % per cent larger than i'm
the lsst week of June, 1884, and per cent
larger than in that week i'm 1893. "a month
after the panic had gotten fully under
way, but per cent smaller than in the
corresponding week i'm 1892.
With the further advances in prices of
iron and steel has been coupled the gain
of / per cent per pound for wool, which
apparently began it's journey to Il higher
level about d fortnight ago Better quo
tat!OnS have also been made for cheaper
grad" WOODEN goods for prints, Bessemor
pig bullets, wheat, pork, lard, hogs, shoes
and "copper" while declines are recorded
for flour, corn, oats, coffee, cotton, naVa
stores and cattle.
business failures in the United States
Tor six months show a IT. trlied falling off
in the "con1 q after of this year, as was
to be expected, but not SO great a decline
relatively in the second quarter of 1891
which results in total for six months OF
6.j91 or ! per cent more than last year
6 per cent more than in 1898, and pei
/ cent moro than in the first half of 1>9l
after the Barring crash But total liaLili
/ ties, which amount to S7@.701 SCI, with .
per cent of assets, have shrunlt mor
than $3.oooooo from last year, and NOR
than one-haf within two years. pointin,
to the excess in the number of failure
being due rather to continued effects o
the recent business disturbance on smallc
enterprises than to new ana unfavorabl
conditions.
The failures in New England for tn
past six months numbered go against 10l
for the like period last year. The liabili
ties are $l2,56200 against Sl0,7640o0 las
year and the assets S. 60 Cos against 81,
$3.50 last year.
Improvement in business in New Eng
land is shown more particularly by tn
failure of the Omeyville worstod mi
-..t