The record-union., 1897-08-14
WEEKLY REVIEW OF
TRADE CONDITIONS.
Every City Reporting Notes an In
crease in Business.
Ind Crop Prospects Are Bright All Over the
Country.
The Past Week Memorable for
Large Shipments of Wheat to
Foreign Countries - Heavy
Transactions in Iron Ore at
Cleveland.

NEW YORK, Aug. 13.-R. G. Dun &
Co.'S Weekly Review of Trade" to-
morrow Will say:
Every city reporting this week notes
increase in trade, and nearly all re-
port bright crop prospects. The great
change in business is emphasized by
the presence of a multitude of buyers
from all parts Of the country. The
strong rise in stocks, the growth Of
bank clearings and railroad earnings,
the heavy speculation in many prod
ucts, but most of all in wheat, have
made the week one of surprising in
terest, even to those who best remem-
Der the upward rush in 1879.
At the principal clearing houses
throughout the country payments in
July were larger than in 1892 and IL
per cent. larger than last year; in the
first week of August II per cent. larger
than in 1892, and 2S.4 per cent. larger
than last year, and in the second week
of August they are 17.9 per cent. larger
than in 1892, and 3S.1 per cent. larger
than last year.
The great crops and the haste Of
foreigners to buy and ship wheat, in
view Of shortage elsewhere, have made
the week memOra BILE. Taking of
profits by pool lowered the price 3
cents on Saturday, but it has since
risen 3 cents. Western receipts, slow
in July, have in two weeks been Z, ,3S7,
S14 bushels, against 6, ,722, ,362 last year,
and Atlantic exports, flour included
have been in. the same week 6,114 OBJ
bushels. against 1884, ,313 last year
The urgency of, French buying of wheat,
reports that Russia will stop exports
in order to keep supplies for itself, and
continued shipments from the Pacific
Coast to the countries usually having
a surplus, make even the largest esti-
mates Of probable supplies not too
great for the possible demand.
In all the great industries, a large
demand for products appears, leading
to heavy purchases of iron ore, 100000
tons at Cleveland in a week, and three
billets, 10000 tons, while concessions
recently reported in pig iron have ceas-
ed The output of furnaces August 1st
was 16537S tons, against 160,064 July
1st, and decrease in known stocks un-
sold indicated a consumption for two
months past averaging 1S1,0 tons
weekly, which is more than in the same
greatly Increased capacity of works
now.
Sales of tin are moderate. Of copper
to American consumers large, it is said,
at IL cents for Lake and of lead at
3.1212 cents, with speculative realizing,
but heavy sales Of tin plates are bring
ing slightly better prices.
Speculation in woods continue, with
y ~
sales of 23, ,499, 800 pounds in two weeks,
showing the willingness of some hold
ers to realize.
Failures for the week have been 239
in the United States, against 29S last
year, and 80 in Canada, against SO last
year.
NEW YORK, Aug. 13.-Bradstreets
tomorrow viii say:
Evidences of widespread revival in
demand for merchandise and other
products have become so numerous as
to compel general recognition. The
press has, therefore, ceased discussing
whether trade has really improved or
not, and have begun measuring the
volume of business compared with pre-
ceding periods.
A buOyancy of feeling has appeared
among buyers and sellers at New York.
Baltimore, Chicago, St. Louis and KAN
sas City, where interior merchants have
thronged this week, the like of which has
not been seen for several years In
terror merchants are buying dry goods
clothing, shoes, groceries and fancy ar
ticles far more freely than at any time
since 1892. Crop conditions have i'm
proved at the south and southwest, and
merchants there are more encouraged
Southern lumber mills are not able to
keep up with the orders and the innum-
cradle small consumers of iron and steel
throughout the Central West States are
buying raw material as they have not
for years. A nominal advance of 70
cents a ton for steel billets is more than
a feature, as it means the confidence of
makers in an early revival of the de-
mand for iron and steel, which has been
so long delayed. Wheat scored an ad-
vance of &c on continued exports, and
q tendency to decrease estimates of the
size of the domestic crop. Wool is
higher on speculative holding. and cot
ton yarns have advanced again.
Exports of wheat (fiour included as
wheaO from both coasts of the United
States ana from Montreal this week ag-
gregate 4,46o519 bushels, an increase
over last week of more than one mill
ion bushels, and compared with ship
ments in the week a year ago of 2,635, :
600; 1 S24 600 bushels in 1895 of 3
$4,000 bushels in 1894, and of 6.12S, 900
bushels in 1898. The worldwide chief
demand for our wheat and -four is illus
trated by the exports from both coasts
of this country to such far off and infre-