The morning news., 1897-08-28
PRODUCERS TIME TO REJOICE.
PRICES OF ALL FARM PRODUCTS
ENCOURAGING.


Have Camse for Self Congratulate
tion-The Wage Garner in Mines
and Wills share in the General I'M
proOement-The United States Oc-
cuDies the Strongest Position i'm
commerce That 1t Has Held Since /
1t Became ar Exporter.
New York Aug 27.-Bradstreets. to- !
morrow. will say the general trade Sit |
nation continues to improve, and aside
frorn the unnecessarily prolonged strib T..
Of the soft coal miners, there is lit le
an sight to cloud the outlook.
The features Of the week is the advf nee
IN prices of almost all leading staples be-
Ginning with an upward moyeme Mt all
alorg the line in iron and steel. st eel bill
let's are now $3.50 above the low est fig
II res and bars $3.50; rods 50, and p lates, ST.
r;essemer pig iron is up % cents and foun-
dry a like amount. Southern ir on is very
strong on a continued active ey port move
lnent Where wire mills have rot advanc-
I'd prices, they have withdrawn quota
IONS. Some western steel IrilIs are sold
IN TO Jan. !. which, with the demand for
earlier deliveries from furna ,ces than had
been arranged for. are qui te significant
Lead, TOO, and soft coal are higher, as IS
wheat. Notwithstanding oIne or two reac-
lions.
Bradstreets points cut that the statis-
tcal position of wheat is the strongest
known since the United States became a
considerable exporter and that its price
rs well as that for bread is likely to ma
lerially exceed the presents weeks ad-
rances. Following that for wheat prices
are higher for wheat, -four, corn, oats,
ard potatoes. butter, eggs, beans, cheese,
baf tobacco, wool and live stocks Ad-
rances for leather, hides, lumber and lin
seed oil are also reported.
Cotton which is up 3-16c represents the
smallest worlds stock for 7 years past
1T this period of the year, and improved
tone. and higher prices for the manufac-
tured products. In spite of crop damages
the tendency of estimates is toward the
largest total yield on record, but with
probabilities favoring much better prices
than those obtained for the crop of 1894
~ the outturn of which was 9,973, 900 bales
advances are being also asked for reor-
aers of 'Woollen goods at mills but print
cloths, petroleum and sugar are unchang-
ID for the week while pork is reported
slightly lower than week ago.
NO such general or pronounced upward
move ment OF prices of nearly all leading
staples has been witnessed within week
for many years. Wheat exports are of
large volume, aggregating (wheat flour
included as wheaD 5,l49, 653 bushels for
tne week, as against 5312 80S bushels last
week and 3,2S1S54 last year. With the
exception of last week this weeks ship
uents are the largest since the third week
Of September, 1898. Corn exports show a
considerable falling off, being 1852 453
hf1e o1r- l.,
26io309 bushels a year ago. 1,124, 532 bush
els in 1895. 1,119O00 bushels in 1894, and
lI6,300 bushels in 1898.
There are 210 business failures reported
throughout the United States this week.
against 22l last week and 800 year ago.
New York, Aug. Pr. G. Dun & Co.
n their weekly review of trade Tomorrow
all say: Speculative markets have
laeir turns of reaction but business has
none this season, gaining with a steadl-
1ess which is most gratifying. The start
ns Of works, increase in hands employed
advances in wages and in prices of pro-
1ucts, and the heavy movement of crops
are facts before which all speculative in
huences have to bow. The weeks dis
patches mention sixteen iron works, which
nave started against one closing fifteen
wooden works started and so in many
olHer branches, while many more works
rave increased their force, and many are
creased wages. While these things contin-
a. with grain rising and going abroad in
enormous, quantities, money markets have
tgason Tor abounding confidence and spec
tdtVe markets for strength.
crop prospects are contradictory as
usual az such time, but is noteworthy
t1at none of them Indicate anything less
Ian an ample supply of the great staples.
neat rose over cents Saturday. with
tAdSserated reports of injury: fell near
~ cents, advanced 4 cents and then de-
tihri sharply, closing / cent lower for
tae week. That some harm was done to
spims wheat in three states appears, but
70 accounts entitled to respect indicate
image reducing the yield below $4,000
p' pushels, which would be 100000 larger
'lah any other crop since 1891. In spite
=" great lack of cars, wheat receipts were
--''',o3i bushels for the week and for four
weeks l5,5S9,6Sl bushels, against 1886 947
1' year aud Atlantic exports, -four in
.toled though somewhat checked by
''-ler prices, We're 1868, 1863 for the week,
.-anst 2205l6 last year and for four
t.Ns l85Sh69 bushels against 7,31O17
''-l YEAR Receipts of corn bear strong
tsunony TO the seriousness Of foreign
''os' being 69i014i bushels for the week.
'-'IHst Z6l39l9 last year, and Atlantic
rpofs IN four weeks have been 1896.
'ushels, against 5,6l711 last year. The
rose rs cents for the week.
sympathy with other markets rather
'u ports of injury, which capable au-
.''Jes deem not important, accounts for
advances Of 3-l6c in cotton. But the
.'' are resunng work with a rush. and
'"' require heavy supplies of material to
.'i me large demand for goods. which
advanced the prices Of many. a
al repenishment Of stocks By deal
VIII call for heavy additional supplies.
WOOL market also reflects greater
SO" ana further advance I'm some
the heavy buying OF woollens
mas SCI many mills at work night
''y and caused makers of many
''9 70 withdraw them entirely from
''oer market. But while the mills
hold laige stocks and Tho tradlne
'N mainly speculative between deal
lsi tae demand has 80 far overtakcn
I'd. i..glly OF the iron works that prices