The record-union., 1898-02-12

confidence with which the trade out
look for 1898 is regarded
Business failures continue to make
favorable comparisons with previous
weeks and years. the total for the week
just ended being 2.S, against 295 last
week, 30l in the corresponding week
of 1897, and 3S1 in this week of 1896
Canadian failures for the week num-
ber 81, against AZ last week, but com
pare with 54 in this week a year ago.
and 40 in the corresponding week of
1896.
Wheat exports fall slightly below last
weeks reduced total, asgregating for
the week 3,419.50 bushels. against g.
$50. 600 bushels last week, 2U5l 900
bushels in the corresponding week of
1897, and 2,I1S000 bushels in 1895
Corn exports show gain. amounting
as they do to 4.03S, 600 bushels, against
4, 4,1O4,0O0 bushels last week, and !. 169,-
600 bushels in this week last year
Bank clearings continue to point to
an immense business doing in the coun
try at large in a total aggregating. for
the week, 81. 434 600, 900 less than per
cent. smaller than last week, % per
cent larger than in the corresponding
than this week i'll 1896.
EASTERN GRAIN MARKET.
CHICAGO, Feb. 11.-There was a big
demand for wheat right from the start
May. which closed yesterday at a63sc
opened to-day at 9il@49I3Sc. There
was considerable selling by interests
who have been putting wheat on the
market for some time past. but the de-
mand was so great that the price ad-
vanced steadily. not stopping until 9Sc
had been reached. There were two big
factors in the advance-the Letter ship
ments abroad and the Liverpool
strength The former was given the
most attention. 1t was stated ON the
floor. and not denied by the Letter in
terests, that arrangements are being
made for the shipment OF 100000
bushels of wheat to the seaboard. Con-
tracts have already been let for 1000
00O bushels of this, it is said. and the
moving of so much cash wheat has had
a marked effect on shorts. Liverpool
was very strong. early cables showing
sd advance, and later advices showed
that market 1@11sd up.
Private cables state that the strength
was on superlative demand and light
supply. Liverpool has received but
2I2000 bushels in six days. not much
over a third of the weekly consumptiye
demand Argentine shipments for the
week were 112.000 bushels, much less
than generally expected.
After advancing to 9Sc, the market
eased off somewhat. There was a let
up in the urgent demand, with the usu-
al selling by people who have beeG
playing for a break, and May reached
to 911ac. Then for an hour the price
moved between 9134c and 9Sc, most of
the time being at 9134. After that the
market again became active and very
strong. Late cablegrams brought lib
eral buying orders to the seaboard, and
about an hour from the close here it
was stated that seventy boauoads had
been taken for export. A considerable
portion was from Philadelphia and
Baltimore. Three steamers chartered
We're supposed to be for Letters grain.
Closing cables We're all firm and high
er. The announcement of the export
business gave at touch of genuine ex-
citemeut to the market, sending shorts
to cover in a hurry, and the price
was sent up to $3.50. the top figure :
the day. Then the market quieted
down. May was bringing 9IA4911sc al
the close.