The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-12-04
Though Another Furnace Is Reported as
Having Gone In Blast.
EXPORTS OF CORN AND WHEAT
Have Been Almost at the ecOrd-BreaEiOg
Poiat-Advance Of Wages Has Stimu-
lated Some Goods, Low Cotton
Has Depressed Others.

tomorrow say: General trade throughout
this country has presented rather mere
animation owing to colder weather and
the approaching holidays. While cloth
ing, dry goods, hats, shoes and notions,
hardware and fancy groceries have been
in litltla bettklr dsmann from both jobberS
and at retail in the region tributary to
Chicago. st. Louis Omaha. st. Joseph,
st. Paul and Kansas CITY, the tendency
of business has been to slacien. This is
noticeable in iron and steel and in furthsr
depreIs son I'm cotton goods print cloths
having made new low record i'm price.
There appears 10 be a better demand for
filling In purposes and a favorabls in
fluenee ait points in Tennessee and the
gulf states. On ths Pacific coast the feat
ure elf business is we'll maintained ex-
port movement from nearly all poIlas.
The low price for print cloths is followed
by sharp reaction in wheat and lower
prizes for Indian corn.
Oats are slightly higher and coffee had
advanced IN addition to which there re-
mains long list of the staples, prices
of which are good.
The domestic grain lrade continues to
look with equamimtly upon the unpr,ce-
dentsldly large quantities of wheat export
ed from both coasts week a6tsr welalx,
THE continuance of which is an evidsnce
of an appreciation of the relations of sup
ply TO demand by the gran trade abroad
The exports of wheat (fiour included as
wheaD from both coasts of the Unftcld
Stats amid from Montreal this week
aggregate 6,699,96 bushels, 100000 BUSH
els larger than last week and within
225,00O BUSHELS of tine LARGEST weeks ex-
port ON record.
Corn exports show heavy gain over
hast week, aggregating 4,45S.S6O bushels
against 2,S69,OOO bushels last week and
1,75S.000 last year.
Exports of other cereals such as oats,
rye and barley and bucl1wheat have also
been very large and the total value of
our cereal exports during the past week
promises to be fully s9,0O0,000.
Thsre were $50 business failures re-
ported Throughout the United States this
week, compared with 23S last week; $50
in the first week in December, 1896; Si5
in the like week of 1895, and 1922 In 1894
There were thirty-seven business fail
ures reported throughout the Canadian
domain this week. compared with thirty
four last week forty-seven one year ago,
and thirty-nine two years ago.
Dun's Review.
New York, Dec. 3.-R. G. Dun & Co.'S
weekly review of trade tomorrow will
say: The monthly report of failures
shows dafaulted liabilities of 81 $40 1876
in November against $12,700,S56 last
year. Because of three large failures
for $3,25O 00O not due to present ccndi-
tons the aggregate for November was
only $1,100000 less than last year and
except for these would have been smaM-
er than in August September or Octo-
Der. The decrease in nearly all branch
es of business shows that payments
have been remarkably good and defaults
unusually small. Other evidences of the
state of business are convincing except
in speculative lines. Wages have been
voluntarily advanced for nearly 10000
walkers in wooden and iron. Stocks also
are stronger, having risen $1.S7 for rail-
ways and s1.57 for trusts The true
value of the American railway stock is
steadily rising with earnings which for
November thus far are 20.9 PR cent larg-
er than last year and 81 per cent in
the same weeks of 1892.
It is the season for waiting in most
industries, but ait least one other fur
mace has gone into blast and the lowest
prica of Bessiemer at P.ttsburg, after
purchases of 10000 tons, is $10.15 per ton,
with 1925 for Grey Forge. Eastern held
ers are sometimes impatient and yel
sure that January will bring large de-
mand and meanwhile the award of ship
ping plate contracts to eastern firms
gives important help, though tlle de-
mand for bars is slow at the east and at
PittsblTg, but is really strong at Chi
cago for agricultural implement sup
plies.
Structural orders are seasonable in
allegiance but contracts for pipes for
London elicit sharp bidding at Pitts
burg.
The voluntary advance of 20 per cent
in wages of worsted workers at Prov
idence. restoring the rates of 1898, is evil
dence of the prosperity of that manu-
facture. After much hesitancy has been
exhibited which may be justified, the
wooden industry puts itself to the front,
virtually declaring its ability TO face
any foreign competition. The purchases
of Australian wool at Boston have again
been large 2,365.000 pounds out of $780,
200 pounds of all-wool at the three chief
markets, against S,S10.SO0 pounds for the
same week last year. But other mar
kets are extremely quiet. and Boston is
doing the selling at prices not named.
The low price of cotton still binders
much activity in cotton goods. Sill
lower prices than ever have been known
resulted in print cloths, and also in
sine grades of prints, and the market
for cotton goods is markedly lower. The
price of COTTON is dropping in the face
of an enormous foreign demand, just
when an advance might be expected
In the long run the outward flow Of
grain will affect prices, though the re-
ceipts show a much greater yield than
had been expected. So the receipts of
cotton from plantations exceed those