The Portland daily press., 1897-08-28

beginning with an upward movement all
along the line in iron and steel.
Some western steel mills are sold up to
January /, which with the demand for
earlier deliveries from furnaces than had
been arranged for are quite significant.
Lead, too, and soft coal, are higher, as is
wheat, notwithstanding one or two react
ions.
Bradstreets points out that the statisti-
cal position of wheat is the strongest
known since the United States became a
considerable exporter, and that its price,
materially exceed the present weeks adj
vances. Following that for wheat, prices
are higher for wheat flour, for corn,
oats, lard, potatoes, butter, eggs, beans.
cheese, leaf tobacco, wool and live stock.
A Advances for leather, hides, lumber and
llnseed are also reported.
:, cotton, which is up to 3-16 cent reports
the smallest worlds stock for seven years
at this period, IAN improved tone and high
er prices for the manufactured produc-
tion.
Advances are being also asked for re-
orders of woolen goods at mills, but print
cloths, petroleum and sugar are un-
changed for the week. while pork is re-
ported slightly lower than a week ago.
Nossuch general o. pronounced upward
movement of prices of nearly all leading
staples has been witnessed within week
for many years.
August continues its extraordinary rec
ord OF large weekly totals of bank clear
ings and promises to show an unprece-
Clearing during the past six business
days, as photographed to Bradstreets. (the
only like report, based exclusively on
kilograms from all clearing house cities),
amount to 81 ,047 ,000, 900, about 500, ,000,-
600 less than last week, but $298, 900. 900
more than in the fourth week of August
1895, gain Of 40 per cent.
Contrasted with clearings year ago
this weeks exhibit show decreases at
only IA out of 81 cities in the United
Srates. Five Of the cities with smaller
totals than last year are at the South,
where delayed cotton crop movements
explains the falling off.
Among the 20 largest cities reporting
clearings only one shows a decline from
the weeks total year ago.
This weeks clearings for all cities are
1S per cent larger than in the the like
week two years ago, 40 per cent larger
than three years ago, 81 per cent larger
In the corresponding week in the panic
year 1898, S8 per cent larger than in 1892.
10 per cent larger than 1891, and per
cent smaller than In the corresponding
period in 1890.
There are 80 business failures reported
throughout the United States this week,
against 221 last week, 800 year ago, 100
two years ago, and 1872 three years ago
and 800 In the like week in 1898.
Wheat exports are OF large volume, ag-
gregating (wheat and wheat as fiour),
S, 1868 bushels. for the week as against
5, ,316, 1903 bushels last week, 8, ,281 1854 BUSH
els last year, ,s71 1928 bushels in this week
two wears ago & 400 OOO bushels in 1894
and 5,092, 500 bushels insthe correspond
ing week of 1898.
With the exception of last week, this
weeks shipments are the largest since
the third week of September, 1898. Corn
exports show considerable falling off,
being 1855, ,452 bushels, against 1898, OBS
bushels last week, 2,610, 300 bushels a
year ago, 1,124, ,536 bushels in 1896, 49,,
600 bushels in. 1894, and 1,116,300 bushels
in 1893