The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1897-07-31
STOCK EXCHANGE QUOTATIONS
Los Angeles, July 80, 1897.
Bradstreet's Reports

NEW YORK, July 30.-Bradstreet's re-
view of general trade tomorrow will say:
The unexpectedly early fall in the demand
for staple merchandise which Bradstreet's
announced last week is pronounced, and al
though not conspicuous at some of the
larger eastern cities which it is approach
ing, is notably so at points in the Misss-
sppi and Missouri valleys and in the
larger wheat growing states. A special
investigation by Bradstreets this week
shows that increased purchases by coun-
try merchants in the region specified, based
on the prospectively large wheat crop at
home, in the face of short wheat crops
abroad, has increased business with west
ern jobbers from 10 to 25 per cent, compared
with fall trade at like period last year.
The total volume of this new business is
not large, but it is unusual in this, the dull
month of the year. and is increasing. The
number of western implement factories are
unable to fill all their orders for nearby
delivery, and one order for shoes alone at
st. Louis calls for $685. 900 worth of goods.
The depression among wooden manufac-
turers is less pronounced, because prices
of cheviots and other woolens have begun
to advance, pointing to profits in handling
high priced wool. The greatest relative
Improvement among the jobbers and
wholesalers in various lines is at Chicago,
st. Louis, Kansas City, Omaha, st. Paul
and Minneapolis. A number of large trunk
line railways report that they are carrying
more merchandise than two or three years
ago. Fewer manufacturing industries than
expected have been compelled to close
owing to lack of coal on account of the
strike the principal check being due to
higher prices for fuel. Iron and steel
and the cotton goods Industries are more
unfavorably situated than almost any
other. Bessemer pig iron and steel billets
a no
The latter is shade under $14, awaiting
the renewed demand which has begun to
show itself in staple lines of merchandise
The shutting down of cotton mills to force
a reduction of stocks on hand has already
stiffened prices, and with existing condi-
tons in other lines of business the out
look is for better request for cotton goods
and for iron and steel in the early autumn.
The most favorable feature of trade is its
slow, conservative, Steady expansion, it
being based on the increased wants and
larger consumptive capacity of the agri-
cultural community, with whom the pros
pect is brighter than 1t has been for six
years. Practically the only decreases in
quotations this week are for iron and steel.
Prices of oats and print cloths are I'M
changed The list of advances is longer
and more significant, including prices of
wheat, flour, corn, lard, sugar live stock,
cotton, wooden goods and nails Exports
of wheat (1our included as wheat) from
both coasts of the United States and from
Montreal this week amount to 2,342, Cpl
bushels, compared with 1075,000 bushels
last week, 1.64S,OO0 bushels in the week
year ago, 100000 bushels in the week to,o
years ago, 1851, 600 bushels three years ago,
and as compared with 1892 900 bushels in
the corresponding week of 1895.
There are 259 business failures reported
throughout the United States this week,
rather more than the average in recent
weeks. Last week there were 220 in the
week, last year it was 294 and two years
ago it was 221, but in the corresponding