Birmingham state herald., 1897-06-12
WEEKLY REVIEW OF TRADE
Prospects for Fall Business Con-
 tinueS to Be Good
oRDEt $ INCREASING
Iron Takes on anf Sance, Though Very Slight Crop PfOsp( SfxceIIent and Large Cot
 ton CrOpP s.ted-Wheat Movements.

 l weekly review of trade tomorrow will | say: The gain in business continues not | without fluctuations, and at ohe best, moderate, but y'st distinct. It Is still in quantl,tes rathe. than in prices, although | in some Branches an advance in prices ap- | pears; but on the whole, the rumber of hands employed volume of orders and | the amount of work done are slowly in- l creas.rg. Prospect of good crops of cot | 'on and wheat help growing demand l from dealers whose socks are gradually | gaining consumption deple.e, also helps, | and in the money and exchange market | large buying of American securities has | an influence
 Wheat looks well and the best trade | authority now eE Eimates the yield tt | 515,000, 900 bushsls, with many state and | railroad returns to support 1t. The price recovered 1hc. after last weeks fall Of | over cents, because visible supplies are diminishing, bu. with 2,970,579 bushels re- ceived a western points in June, Atlantic
 exponts have been flour included, 3,12s,94s
 bushels, against 3,374,827 bushels in enc mc.,e day lasf year. The outgo is st ady, and since March has been 3S2 bush els against 16 115421 bushels last year,
 and ye'J western receipts have kept fairly ahead of the exports
 The annual report of the cotton acreage by the Finano.al Chronicle shows an in- crease of 5.83 per cert in all the statts. and an fncreaS SC in every state in Spite or the floods, which, wl.h no more favorable
 weather than that of last year, would
 mean crop of nearly 9,1000O0 bales. The market is a sixteenth weaker, paltly be- cause some souh hern cod,on mills are try ing to limit production.
 lNebsher cotton nor wooden mills can eX- pect other than waiting business with a change of tariff impending, but the de-
 mandI for beached' goods is steady, O rlfaf eli 1xy better at 2.44c. plus l per cent. and for print goods, though not active. Brown goods are dull Though quotations Q re u:l-
 changed. Some large wooisn mills are preparing to increase the output and
 have bought heavily, sales of foreign wool at Boston alone having reached 6.31D.000
 pounds out of S96S000 pounds sold of all
 kinds ais the chief markets. Carplt mills slt Philadelphia, which have just resumed after a long idleness, were also buyers, and all are now running nearly futl tine- | A somewhat bstter recorder demand for l woolens is reported, especially in medium and high priced goods and fancy worSteds without change in prices. Iron furnaces in blast June reporse1 a. weekly output of l6S.380 tons, against 17052S tons May 1, and in unsold stocks, exclusive for great companies. an in-
 crease of 11613 tons for the month to H. 050,252 tors Yet when an accident sent one of the large concerns into the mar ket to buy quickly 50.000 to 5000 tons of plS uIe price nOSa 10 |J JU BeSSt mef at Piatsburg, receding afterwards to 8 75, with gray forge higher ab $8.75. The main fact Is that the production of pig for some 2 inctrths has been much in excess of the demand in the manufao ure of finished
 products.
 Failure to form the rod wire trust
 caused nails to yield cents. The general demand for plates and sheets was better, and for bars much larger eas. and at
 Chicago, with some large orders taken at PnltEblrP Phil1dalrihja de- cided improvement in finished iron, with fewer concessions and Pittsburg large structural orders, while apprehensions of
 labor difficulties have induced much buy | ing at the west. The strike at PbMs burg ended without success. Failures of the week have been 262 in the Unltsd Siates, against 240 last year, and 30 in Canada, against 27 last year. BRADSTREET'S REVIEW.
 New York, June 11.-Bradstreet's to- morrow will say: Notwithstanding cooF.
 wet weather, which checked the distri-
 button of seasona ble goods, disappoint-
 ment at the restriction of distribution
 of merchandise in the spring and early
 summer is giving way to hopefulness for
 the fall trade. Business is better than a year ago. The volume is larger and there are more people employed than prior to the last presidential election The move ment of merchandise in the past five
 months has been disappointing. but job
 berS are beginning to report fair orders
 for fall delivery. The encouraging feat
 ures announced this week are the im-
 provement in May railroad earnings and
 the advance in the price of Bessemer
 pig iron, although the latter is less sig nificant than reports indicate. Manufacturers of woolens are more hopeful, the outlook for higher prices stimulating speculative demand for both raw and manufactured products. Crop prospects, except in Oregon and Washington, where rain Is reeded, con-
 time favorable. Hot and forcing wealth
 CT with showers throughout the gulf
 States has had an excellent effect on cot
 ton and corn, which has stimulated d ds- mand for merchandise. This weeks price movement includes advances for tea. cof- fee, Indian corn, sugar, wheat and lard; steadiness on the part of print, coal, lunl-
 Der, steel billcts, petroleum, pork and flour. and declines for cotton, lard. tur- pentine and rosin, pointing to a tendency to reverse last weeks weakness in point of prices.
 Exports of wheat, flour included, from
 both coasts of the United States and from Montreal this week amount to l. S90, 1928 bushels, compared with 2630000 bushels last week. 2,922 900 bushels in the week a year ago, 7S1 GOO bushels two years ago, 2,724,000 three years ago, and as contrasted with 3,s43,000 bushels in the like week of 1893.
 Exports of Indian corn amounted to 27S9, ,944 bushels compared with 2396 000 bushels last year, 1,636. 900 bushels in the week year ago, 655,000 bushels two years ago, S56000 bushels three years ago and as contrasted with 529, 900 bushels. in the like week Of 1893.
 There were 2S9 business failures report ed throughout the United States this week. compared with 257 last week, s27 a year ago 252 two years ago, 252 three years ago, and as contrasted with 303 in the like week of 1893.
 There were 3S business failures report ed from the Canadian dominion this week. compared with 37 last week, 3S in the week year ago. and 21 two years ago. fts
 GIVEN ONE MORE CHANCE
 Atlanta. Ga. June l1.-Terrel IIudson, colored sentenced to hang at DeccturkR fodav frar fhsa rullilar in Nnyeinh.r las<f fll