The record-union., 1897-07-31
NEW YORK, July 30-Bradstreet's
will say:

tomorrow Will say:
The unexpectedly early fall demand
for staple merchandise which Brad
streets announced last week is pro-
nounced, and although not conspicuous
at some Of the larger Eastern cities
which it is approaching, is notably so
at points in the Mississippi and Mis-
souri, Valleys and in the larger wheat
growing States. A special investigation
by "Bradstreet's'' this week shows that
increases by country merchants in the
region specified, based on the pros
pectively large wheat crop at home, IN
the face of short wheat crops abroad,
has increased business with Western
jobbers from 10 to % per cent, COM
pared with fall trade at a like period
last year The total volume of this
new business is not large, but it is
unusual in this, the dull month of the
year. and is increasing. number OF
Western implement factories are unable
to fill all their orders for nearby de-
livery, and one order for shoes alone at
St. Louis calls for $685. 900 worth OF
goods.
The depression among wooden manu-
facturers is less pronounced, because
prices of cheviots and other Woolens
have begun to advance. pointing TO
profits in handling high priced WOOL.
The greatest relative Improvement
among the jobbers and wholesalers IN
various lines is at Chicago, St LOUIS,
Kansas City, Omaha. St Paul and Min
neapolis. A number of large trunk
line railways report that they are car
rving more merchandise than two or
three years ago. Fewer manufacturing
industries than expected have been
compelled to close down, owing to lack
of coal on account of the strike, the
principal check being due to higher
prices for fuel.
Iron and steel and the cotton goods
industries are more unfavorably situ-
ated than almost any other. Bessemer
pig-iron and steel billets continue at
the lowest quotations known. me
latter is a shade under S14. awaiting
the renewed demand which has begun
to show itself in staple lines OF mef-
chandise. The shutting down OF cot
ton mills to force a reduction of stocks
on hand has already stiffened prices ana
with existing conditions in other lines
of business. the outlook is for better
request for cotton goods and for iron
and steel in the early autumn.
The most favorable feature Of trade
is its slow, conservative, steady expan-
sion. ii being based on the increased
wants and larger consumptiVe capacity
of the agricultural community with
whom the prospect is brighter than II
has been for six years.
Practically the only decreases in quo
tations this week are for iron and steel.
Prices of print cloths are unchanged.
The list of advances is longer and more
significant, including prices of wheat,
flour. corn, lard, sugar, livestock, cot
ton. woolen goods and nails.
NEW YORK, July 30.-In its review
of the stock market, "Bradstreet's" to-
morrow will say:
Speculation in Wall street continues
active. and in spite of some irregular1-
ty in prices, has a pronounced buIllsh
tone. Expectation Of a reaction as soon
as the passage of the tariff was accom-
plished rendered traders disposed to
adopt the bear side at the beginning
of the week. Considerable profit taking
was seen in the grangers and in Amer
lean sugar on Monday and Tuesday
This selling was supplemented by OFFER
ings of short stock on the part OF the
traders, who throughout the week have
shown readiness to attack the market
On the other hand, an outside demand
for stocks asserted itself at cOnceS-
sions. while the disposition to purchase
low-priced shares that have not taken
part in the rise was a notable feature
Expectations of a revival of general
business tended to create speculative
confidence, and the continuance Of IA
vorable crop reports, foreign purchases
of grain and accounts of the heavy traf-
fic appearing on the Western railroads,
have all influenced spectators and in
vestors. AT the same time, it would
seem that powerful financial interests
are favorable to the bull movement,
if they are not actively helping it.
The market was at the close of the
week disposed to pay some attention
to the unexpected strength of exchange
and unexpectedly large gold shipments
to-day.