The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-09-03
Bradstreet's Report

Bradstreet's Report
NEW YORK, Sept. 2.-Bradstreet.s TO-
me advent OF Of September finds fall trade
a apparently in full swing at the west and
s onthsrn and more reported doing at
HSoutmeIh mississippi valley points and In
tne east, but the volume of business in wool
ana cry goods In the latter section is rather
smalisr than expected. Early reports of
h,9e business SM doing during August are con-
sciearings, which show unprecedentedly
large clearings for that month-little below,
lHo eco tne immense monthly aggregates
steei trades are In high degree favorable,
Inc tonnage movement being unpre cedent-
edly large and the line Of prices firm at the
a stoa3 recently scored. Business In
steel Is exceptionally large, and in the west
partlcularly is limited only by the ability
OF the mills to keep up with the orders. The
western crop situation remains practically
unchanged.
Cash wheat is. lower on q rather lareen
movement OF spring wheat, but an active
demand for export has furnished sustain
ing power. Corn has been ruled by the
is drn and surplus producing states which
| ne prices. The close of the cotton year finds
the price of that staple slightly firmer on
reports or damage by rains to the crop In
t Ia ~ Soutn atlantic states. From other parts
Oh ,ne south, however, crop reports continue
quite favorable, and a yield at least equal
to that realized the year Just ended ia
l !, for by many. A better tone is evil
oent IN the print cloths markets this week
ana an advance of Lie is reported, largely
the reflection of more cheerful outlook
at Fall River.
Dlstrbutive trade is active in the west
ana northwest. with dry goods, boots and
SHOES, hats and caps, machinery, clothing
and hardware in most active distribution
by 1obbers. and iron, steel and most Of its
products IN active demand and consumption
n Inn
Is reported in the Southern Mississippi val
ley, New Orleans telling of increased activ-
ny IN general trade and large receipts of
new aW crop cotton and rice. On the South
Atlantic coast heavy rains have hurt dis
tributive trade, and are claimed to have
injured cotton crop prospects.
san francisco advlces are that the Cali
!, ooO,0 900 bushels. which is about one-third
Of an average. About one-half Of the usual
fruit crop is looked for, except in the case
Of raisins. OF which a heavy yield is ex-
get sound cities. both for domestic and ex-
port trade.
Wheat shipments for the week, including
Hour. aggregate 1897 040 bushels. as against
bushels in 1875. go " -'' ''''''''-
Failures IN the United States are down to
VERY low sq1 rs numbering only 5s4 s
1896, 1874 In 1898, and 237 in 1894.
Failures In the Dominion Of Canada num-
Der q, against q last week, 38 this week
year ago, and In 1895, 80 in 1895 and % In
Financial Review
Bradstreet's Financial Review will say:
Prices have been irregular and at the
Ion was reactionary. Large interests were
disposed to withdraw support or to act on
he bear side, and there, was more or less
or the public. London also a sold, and it the
irmness of the money market checked
speculative buying. in spite Of the weakness
= = EXCHANGE excl and the increasing probability
vas coming to the United States from Aus
ralia and London seemed, however, to d.
nlnish pressure IN the money market and
lrrested enforced liquidation OF stocks.
a firmer tone. ADVANCES being
cored in the Pacific stocks, while shorts
covered In Manhattan. Peoples Gas. Sugar
md other portions of the list, which had
ime London showed Increased readiness to
purchase heavily. although interests there
ad been advancing sharply. on fears Of
rain of gold to the United States. The
xtreme neat at the west was reported to
ave injured the corn crop, and on this the
ranger shares were quite heavy.
transactions IN bonds are smaller and
ONE Of the more active investment and
peculative specialties have receded as to
rice. On the other hand the railroad bond
list shows other issues which have ad-
anced. notably those of the Northern Pa
iflc. road, while new records have been
lade In some Of the low-priced bonds, like
hose of the Colorado Midland.
Governments have been less active, and
he older issues are fractionally lower, while
he new threes fell from 1851 to 1914, rally
ng to l05M. The decline was on the accred-
ed delivery Of allotmepts Of $1,000. and the
,sus Of notices of allotment to subscribers
or $1,000 amounts of new bonds.