The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-11-19
BRADsTREET's ON THE CONDITION OF
TRADE.

NEW YORK, Nov. 1S.-Bradstreet to-mor-
viii say:
Evidence accumulates that the good results
flowing from the recent elections are no LONGER
confined entirely to improvement in tone anu
confidence. though the active feeling influences
dealings in both financial and mercantile lines
Several substantial developments present tnenl-
selves this week notable among which are a
number of advances in prices. exceptionally
few declines thereof, growing IN strtnstp ~ ~
the pigiron situation. unprecedently large week
bank Clearings and remarkably good reports as
to export trade, not only in the line or foreign
products but in enlarged trade IN manuta "a
shows but little change from recently proceed
ing weeks. but the growth IN cennoence coI-
nected in very general reports Oh l'npfoSeo '0'-
FIrst and foremost In the line of foreign
trade extension are the returns recehtiy inau y,
for October pointing to exports for that nnonth
larger than in the corresponding month OF any
preceding year. second only to those OF Decein-
Formerly to enlarged exports OF farm prod
ucts but to heavily increased exports OF nm
ished products of American industry In this
connection especially good reports come from
the iron and steel industry. which has therepy
been rendered more nearly independent than
ever before of fluctuations in domestic de-
mand The strength in values of all cereals,
all the leading breadstuffs being hlgher TINS
week is, of course, due to the constant foreign
demand. moro than effecting very large gains
in domestic supplies which. however are be
low any corresponding period for years past.
Comparisons of four months exports, July 10
October inclusive, point to wheat ana hour
eliDmentS HttIF below those OF last year, anu
only 10 per cent below those of 1891. the heav-
lest ever known. The strength of cereals finds
imitators on coffee, where the statistical posi-
ton shows some Improvement; sugar, which Is
relatively higher for refined. on growing strength
of raw supplies; coffee, which still retains its
old buIlish tone, and even cotton, which is
higher on small movement and improving tone
Of the goods market.
Wool sales continue of good volume on more
confident buying of small manufacturers, who
however, report the finished goods trade unsat-
isfactory. Heavy sales of bonded wool for re-
export to England reported this week:
Rather more inquiry is noted for pigiron, and
the tone of prices is strong in contrast 20 that
of steel which is being shaded by those eager
TO book new business The steel rail situation
is apparently unchanged, and much business is
held up awaiting settlement of price and other
details.
Wheat, including -four shipments for the
week aggregate 5,679, al bushels. against g.
674 sos bushels last week, 1858. 1872 bushels In
the corresponding week of 1897, 1881, 233 bushels
in 1896, 2,916S3S bushels in 1895, and 3,Sl2,6 73
bushels in 1894. Since July l, this year. the ex-
ports of wheat aggregate 81, SIS, 457 bushels,
against 95 973, 426 bushels last year.
Business failures in the United States this
week number 229. against 1877 last week. go
in this week year ago, 30S in 1885, S2S In 1895.
and PCS in 1894. The total number of failures
in the Dominion of Canada is "a. against 80 in
the preceding week, 81 in 1897. AZ in 1896. AZ in
1895 and % in 1894