The herald., 1898-11-19
Bradstreet's Report
NEW YORK, Nov. 1S.-Bradstreet's to-
morrow will say:
Evidence accummI Ia tes fhat tho pood ro

N, v,
morrow will say:
Evidence accommodates that the good re-
suits moving from the recent elections
are no longer confined entirely to improve
ment IN tone and confidence, though the
active. feeling influences dealings in both
nnanciai and mercantile lines. Several sub
stantial developments present themselves
this week, notable among which are num-
per or advances In prices, exceptionally few
declines thereof. growing strength in the
pig iron situation, unprecedentedly large
Dank ciearings and remarkably good re-
ports as to export trade, not only IN the
line OF foreign products, but In enlarged
trade In manufactured products. Dstri-
button OF merchandise shows but little
change from recently preceding weeks, but
the growth of confidence is reflected in
very general reports of improved collec-
tions or past business.
FIRST and foremost In the line of foreign
made for October, pointing to exports for
that month larger than in the correspond
ing month of any preceding year, second
only to those of December of last year and
chargeable not so much as formerly to en-
iarSed exports of farm products, but to
heavily Increased exports of finished prod
ucts OF American industry. In this connec-
ton especially sood reports come from The
Iron and steel industry, which has thereby
been rendered more nearly independent
than ever Eefore Of fluctuations In the do
mestic demand
The strength IN values of all cereals, all
the leading bieadstufrs being higher this
week, is of course due to the constant tor
elgn demand more than offsetting very
large gains IN domestic supplies, which,
however, are below any corresp sponding pc
riod for years past. Comparisons of four
months exports, July to October, inclusive,
point to wheat aud -four shipments little
below those of last year and only 10 per
cent below those of 1891, the heaviest year
known. The strength of cereals finds irni-
tators in coffee, where statistical position
shows some Improvement: sugar, which is
relatively higher for refined on growing
strength or raw supplies, and even cotton
which Is higher on smaller movement and
improving tone Of the goods market.
Wool sales continue of good volume, on
more confident buying of small manufac-
turers. who, however, report the finished
goods trade unsatisfactory. Heavy sales
or bonded wool for re-export to England
are reported this week.
Rather more inquiry is noted for pig iron.
and the tone of prices is In stront! contrast
to that of steel. which is being Shaded by
those eager to book new business The
steel rail situation is apparently unchapge
and much business is held up. awaiting set
tlement of prices and other details.
Wheat dncluding flour) shipments for the
week aggregate 5,679.141 bushels against
a,GIl.693 bushels last week, 6653, 1872 bushels
in the corresponding week of 1897, $685., ,233
S,3l2673 bushels in 1894. Since July of this
year the exports of wheat aggregat te 49, $50, :
457 bushels. against 95.973.4 426 bushels last
years.
business failures in the United States
this week number 229 as against 1877 last
week, 235 in this week year ago, 30S in
1896, 1923 in 1895 and 295 in 1894.
Failures In the dominion of Canada a.
against 30 in the preceding week, 81 In 1897
Il IN 1896, ~ In 1895 and "a in 1894.
FINANCIAL REVIEW
Bradstreet's Financial Review will say
Compared with this period in last year,
both the stock and bond market trans
actions have been on a smaller scale and
have been divested Of any excitement. At
intervals reactionary tendencies have ap-
peared, rejecting the taking of profits by
traders and large operators. The tone
however, was, In the main, strong and the
than for a long time past. there being an
excellent investment demand for bonds and
d1vidend-paying stocks. When concessions
appeared a good buying demand asserted
itself, although there was evidence of a
good deal of changing of speculative hold
fngs from one part of the list to another
on the part of the public and the stock
market professionals. The only positively
weak feature was few stocks like North
ern Pacific common, in which realizing
sales outweighed the buying and DelaWa re
and Hudson, which broke on Friday on re-
ports that recent purchases of railroad
lines are adverse to other companies inter-
ests. There was also good deal of irreg-
ularity in American Sugar, which, after
further advance In the beginning of the
week, on covering of shorts, was dull and
seemed inclined to recede. On the other
hand, numerous advances were scored, the
most prominent features being Atchison
preferred and the adjustment bonds of the
same company and the Baltimore and Ohio
securities. The Changers, however, under
the lead of Northwestern and Burlington
were very strong, and the preferrecl stocks
of both the st. Paul and Northwestern
roads made. new. records. Besides this
there were bullish movements in Peoples
Gas, Pacific Mail and variety of railroad
and industrial stocks