The record-union., 1898-11-05

vi the season, new structural orders are
very satisfactory, and pipe works at
Chicago are far behind on deliveries,
while sheets there are strong.
London has hoisted the price of tin
and of copper, but they closed at 1915
and 1212 cents here, with lead weaker
at 3.65 cents and tin plate practically
unchanged
Wool holders at Boston have discov-
cred the faisity of reports which they
have long believed about the available
stocks in this country, and have be-
gun selling largely at concessions said
to be several cents" per pound. The
weeks sales at the three chief markets
We're To, l91 400 pounds, against $751;
9O2 pounds last year and 1861, 900
pounds in 1896. but only S,215, 900
pounds in 1892 The cheering fact is
that the large manufacturers are now
buying with confidence that at some
reduction in the cost of material the
business will pay
Wheat exports continue very large,
amounting to 1860, $50 bushels from
Atlantic ports (f1our included), against
o,Zoi ,o3S last year and 1929, ,S3S BUSH
els from Pacific ports, against 1, 1925
last year; but the heavy exports have
peen much more than matched by
Western receipts of 9,430,092 bushels,
against 7,6OO,99 last year, and prices
nave not changed materially
Corn goes abroad largely. 3,O11 ,0S5
bushels during the week, against ,S12,-
944 bushels last year, and prices are
Well held
Failures for the week have been 1919
in the United States. against 276 last
year. and % in Canada, against 80 last
year
NEW YORK, Nov. 4.-Bradstreet's
tomorrow will say:
further quieting down of new busi-
ness IN iron and steel, the relapse into
guinness, though at steady prices. of
wheat consequent upon the withdrawal
or the excited foreign demand, and
some slight increase of quiet in general
trade, chiefly at the South, as a re-
suit OF the approach of the elections.
are all features calling for special men
ton this week.
among the more actively favorable
| features are the price steadiness dis
played by most staple articles and the
enlarged distribution of staple goods at
| many Western and Southern markets.
as the result Of improved weather and
| removals of quarantines Confirmatory
| OF the quite favorable reports as to
| general trade during October are the
returns of bank cqearings for that
month, and scattered reports as to the
increased business doing at many CEN
ters In that month, as compared with
| one year ago. Export statistics of
grain, too, are beginning to show that
an ample basis for the stories for heavy
| foreign buying really existed, exports
TINS week being the heaviest on record.
| New business in iron and steel has
| been lighter than for weeks past. and
some shading of quotations. particu-
| larry steel, Is reported. Export trade
| however, Is large and increasing, and
| mills are still Wen supplied with orders
| 10 regard this pre-electicu quiet with
something approaching euuanimity.
important negotiations touching fu-
| ture prices of steel nails are now in
progress. Quotations are entirely with
drawn, and some reports are that an
| important consolidation, or at least
control OF prices and output, has been
| practically agreed upon
Wheat has been duller but steady
on uncertainty as to possible foreign
political complications, offsetting a
heavy gain in movement from pro-
ducers. The current demand and out
put Of flour has continued to equal,
and even exceed, all previous records
An encouraging feature is the con-
tinued active demand for domestic
Wools, largely at Boston. and much of
1t at price concessions, with rather
more reported doing. in cheap makes
| of worsteds.
Cotton has made another new low
| record on heavy crop movements.
| touching sc for November delivery in
New York, but improved demand for
| export with the working of the new
print cloth restriction have tended to
| firmness for the manufactured pro-
| duct
| Wheat (inc1uding f1our) shipments
| for the week aggregate 6,773, CAB bush
els, against $500, ,991 last week: $780,
49S in the corresponding week Of 1897,
3,472,976 in 1896, 1866, ,567 in 1895. and
2, 639, 1913 in 1894 Since July 1st this
year the exports of wheat aggregate
E53, ,543,523 bushels, against 1884, ,O92
last year. y 'et
| Business failures in the United States
this week number 1S3, against 219 last
week, 223 in this week a year ago and
in 1896. 2eO in 1885, and 241 in 1894.
Business failures in the Dominion of
Canada for the week number 81
against % last week, "a in this week a
year ago, SO in 1896, 80 in 1895, and
40 in 1894.
Bradstreet's financial review will
| say:
| Dullness has again prevailed in the
| market this week. In it's early part
the tone of speculation was depressed
| in sympathy with the disturbed state
| of the foreign markets and the fears
| Of European war. Later on a more
| pacific aspect of affairs and an i'm
| provement in the London market had
| its effect here, and was the apparent
cause Of the rallying tendency in prices
which made it's appearance on Thurs
| day. Some attention has also been
| paid to our own elections next Tues
/ day, though the principal influence
which they appear to exert is to keep
| the public out Of the street for the
| time being.
cerned the developments of the week
] have been favorable. Railroad earn
ings continue to make a good i'm
| preston, and the declaration of divi-
| dends on American cotton oil (com-
mon) and on glucose sugar (common)
| are taken as evidence of the progress
being made by large individual cor
porationS.
Sugar has been manipulated between
113A and 1161n and the extent of the