The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-03
BRADsTREETs' REVIEW.
Distributive Trade Active In West
and Northwest


New York. Sept. 2.-Bradstreet's to-
morrow win say: The advent of Sep
TENDER finds fall trade apparently in
full at the west and northwest and
more reported doing at Southern Mis-
sissippi valley points and in the east,
but the volume of business in woods
and dry goods in the latter section is
rather smaller than expected Early
reports of large business doing during
August are confirmed by aggregates
of monthly bank clearings, which show
unprecedentedly large totals for that
month; little below indeed, the i'm
mense monthly aggregates of last Win
ter. Reports from the iron and steel
trade are in a high degree favorable,
the tonnage movement being unpre-
cedentedly large and the line of prices
firm at the advances recently recorded.
Business in steel is exceptionally large
and in the west particularly the out
put is limited only by the ability of
the mills to keep up with orders. The
western crop situation remains prac-
tically unchanged, cash wheat being
lower on a rather larger movement of
spring wheat, but an active demand for
export has furnished sustaining power.
Corn has been ruled by the weather
in surplus producing states, which is
dry and hot, with a steadying effect
on prices. The close of the cotton
year finds the price Of that staple
slightly firmer on reports of damage
by rain to the crop in the south At
lantic states. From other parts of the
south, however, crop reports continue
quite favorable and a yield at least
equal to that realized during the year
just ended is looked for by many. A
better tone is evident in the print
cloth markets this week and an adj
vance of l Lice is reported, largely the
reflection of a more cheerful outlook
at Fall River.
Failures in the United States are
down to very low figures. numbering
only 164 this week. against 172 last
week, 1877 in 1897, 1856 in 1896, 1874 in 1895
and 227 in 1894.
Distributing trade is active in the
west and northwest, with dry goods,
boots and shoes, hats and caps, mill
| linery, clothing and hardware in most
active distribution by Jobbers. and iron,
steel and most of its products in active
demand and consumption by manufac
turers. An increased business is re-
ported in the southern Mississippi val
ley, New Orleans telling of increased
activity in general trade and large re-
ceiptS of new-crop cotton and rice. On
the south Atlantic coast heavy rains
have hurt distributive trade. and are
10 nave COl-
ton crop prospects. San Francisco ad-
vices are that the California wheat
! crop will not much exceed 5000, 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 expected.
August was a good month at Puget
sound cities for both domestic and ex-
port trade.
Wheat shipments for the week. in
Guiding flour, aggregate $685., O40 bush
els, as against 3,56S,476 bushels last
week, 6,263, SAT Bushels in the CORE
spending week Of 1897 and 1855, 1872 in
1896.
Failures in the Dominion of Canada
number %, against q last week. 3S this
week year ago and in 1896, SO in 1895
and 20 in 1894.
New York Sept. 1.-The following table,
compiled by Bradstreet, shows the
bank clearings at SO cities for the week