Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-09-29
EFFECT OF FOREIGN DEMAND
hown by Difference In Pricc OF nhcnt
AVID Cation other Features.

AVID Cottun- other Features.
New York, Sept. 2}.-Bradstrcets to-
morrow. sept. p, win say:
Favorable trade developments manifest
themyclvcs, chiefly along tho lines prrvi-
oU>ly noted. The importance of a large
o&por, demand to the couutrys domestic
interests is illustrated by the improved
tone and prices of wheat and -four this
week. growing out Of the better foreign
buyiug induced rs less favorable Russian
crop reports. smaller shipments from that
country and apparently continued careful
selling by american producers. Raw cot
ton Oh the other hand, reflects probabili-
ties of continued plentiful supplies and
rather SLOW demand In quotations, lower
than the lowest point reached in the year
Of dcpr' 9sion, 1894. when large yield was
coincidcnt with poor trade, industrial
troubles ana light money. From the West
and Northwest advices continue largely in
the former cheerful strain. Some relaya-
ton in activity is perc"ptible in some lines
at largo markets but the volume Of trade
as whole is evidently equal to any pre-
Vious record, At the South low-priccd
cotton and yellow fever quarantincs af-
feet trade adversely, Improvement in one
section being c0unterbaianced by less ia
Norablc advices from others. That tho
presence of troops during the sprng and
summer at many Southern points has
been helpful to trade Is evidenced by the
reports received from these points. "a
! vorablo conditions on the Pacific coast arc
most numerously reported in the States Of
Oregon and Washington. Conservative
mauIEomcnt earlier in tho year, however.
has resulted in fairly good conditions in
| California, where crops were less favor
q hl" than further north, and failures are
down to minimum
AT the cast the least favorable rcports
continue to come from the textile indus
tries Wool Is quiet and manufacturers
are not encouraged to buy heavily in view
of the very moderate trade in WOODEN
! goods Canadian buying OF Australian
| wool At Boston is noted. Cotton goods
are in better distribution but prices be-
! tray the unscttling influences of low
| prices for the raw material and print
| cloths are slightly weaker. Activity i'm
| iron and steel manufacturers continues
| unabatcd ana similar conditions are re-
ported abroad. Talk of further moderate
| advances in price has increased, partlcu-
| l1rlv as this country to-day, generally
| speaking, Is the cheapest market for iron
! and steel In the world. The export trade
| In pig iron from southern points continues
very heavy, and another advance Of q
| cents is reported by some large southern
| concerns.
Business failures in the United States
| for the week number l& against l73 last
week, but compared with 237 in this week
d NSeti bSO, o-l III 1870, Jvo III 1900 ana gUl H.
| 1890.
| Improved foreign demand for American
| cereals Is shown in the enlarging Yolum,
| OF shipments this week. Wheat, including
hour. shipment aggregate 1891 1913 bushel.
against 3,G15,29l bushels last week, 5,7OS SO
bushels in the corresponding week of 1897
3,93Oi6 bushels in 1896. 3lJl,9U bushels IL
1888 and 2,1d2 800 bushels in 1894 Sine,
July l This year exports of wheat aggre
gate 4l,lGO,4H bushels against 1880 80
bushels last year. Corn exports for th
week aggregate 2.G2G 300 bushels as agains
1881 O5 bushels last week, ,Ii2 bushels
in this week one year ago, 2,610,479 bush
els In 1895, l,3G0325 bushels in 1850 and 10i
900 bushels in 1850. Since July l this yea
corn exports aggregate 33, 965, 1G5 bushels
against 3S.S99,99l bushels during the SAM
period of 1897.
But the break OF day came when Beer
bohrnS estimate on the worlds whoa
crop was received from London. It pu
the total at 2,64O 100000 bushels, which Il
very much higher than any estimate here
tofore made, and 800, 900 bushels owe
last years estimate. This brought al
classes of holders on to the market an,
buyers were flooded with offerings Late II
the session cables showed strong cont
mental markets, stopped the liquidation
in a degree, and from then to the clos
the market was steadier. Paris shove,
an advance of 80 centimes and Amster
dam and Berlin also showed good ad
yances. Seaboard claimed 40 boat load
for export. December advanced irregular
iy to 65Ssc and closed at that price bid