The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-08-28

UP GO PRICES
ON ALL STAPLES
Steel and Iron Also Respond to the Gen.
eral Advance.
SOUTHERN IRON IS STRONG
g
On COntiny : Active Export Movement.
stSbufg Prices Up.
aENEf TONE OF THE MARKET
7.
is ssly' With Many Inquiries For Future Or
ucrs-wheat and Corn For Export in
Great Demand indications
For Good Cotton Crop.
SOUTHERN IRON IS STRONG
! 5. TONE OF THE MARKET

For Good Cotton Crop.
New York, Aug. 27.-Bradstreet's to-
merrowlwill say: The general trade situ-
alton continues to improve and aside from
the unnecessarily prolonged stIiks of soft
coal miners there is little in sight to
crowd the outlook. The features of the
week are the advance in price of almost
all leading stable, beginning with an up
ward movementall along the lire in iron
and steel Stsel bTlets are now s1.50
above lowest figures, and bars 81. so, rods
SO and plates 81. Bessemer pig iron is up
25 cents and foundry a like amount.
Southern iron is very strong on a con-
tinued active export movement Where
wire mills have not advanced prices they
have Withdrawn quotations. Some west
ern steel mills are sold up to Jan. 1,
which, with the dsmand for early deliver
les from furnaces that has been arranged
for, are quite significant. Lead, too, and
soft coal are higher, as is whsa sat, notwith-
standing one or two reactions.
Bradstreet's points out that the statis-
tica1 position of wheat is the strongest
known since the United States became a
considerable exporter, and that its price,
as well as that for bread, is likely to ma
terialIy exceed the present weeks ad-
varces. Following that for wheat prices
are higher for wheat flour, corn, oats,
lard potatoes, butter, eggs, beans, cheese,
leaf tobacco, wool and live stocks. Ad-
vices for leather. hides, lumber and Linz
sead Gil are also reported.
Cotton, which is up s-1e cents. reports
the smallest worlds stock for seven years Z
past at this period, an improved tone and
higher prices for the manufactured pro-
tendency of estinistes is towards the
largest yield on record, but with proba-
bilitles favoring much better prices than
those obtained for the crop of 1894 o5, the
outturn of which was 9,s7S,OOo bales.
Advices are being also asked for re-
orders of WOODEN goods at mills, but print
cloths. petroleum and sugar are un-
changed for the week.. while pork Is
slightly :ower than a week ago. No such
general or pronounced upward movement
Of prices of nearly all leading staples has
been witnessed within a week for many
years.
Wheat exports are of large volume.
aggregating (yheat -four a wheat incl d.
ed) 5.149,s5s bushels for the week. as
against 5,s12,SO3 bushels last week, 3,2s1,-
S54 bushels last year, 1919 bushels in
this week two years ago, 3,o32,o00 bushels
in 1894, and 5,os2, SEQ bushels in the cor
responding week of 1898 With the ex-
ception of last week this weeks ship
mcnts are the largest since the third
week of September, 1898.
Corn exports show considerable fall
ing off, being 2.6S2,412 bushels against
S,s29.oS5 bushels last week, 2,G1O,3O9 BUSH
els a year ago. 1.124,5S2 bushels in 1895,
1.119.ooO bushels in 1894 and 1,1eS, 300 BUSH
els in 1898.
There were 21O business failures report-
ed throughout the United States this
week against POI last week. 800 year ago
and 29O. 1.-TWO years ago. 1872 three years ago
and 800 in the like week in 1893. -,
Dun's Review.