The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-07-30

NEW YORK, July 2s.-Bradstreet's to-
While, as, yet. showing little actual effect
upon Sdistributvs trade there Is EVIDENCE
probably wider markets for American prod
ucts, have given more hopeful tinge to
the trade outlook, more particularly with
the east This is reflected in active prepa-
rations by shippers and coasting trade In
terests to share In the expected widenffg
of demand from the West indies. AS for
some time past, however, reports of solid
business returns come. mainly from the
country and in the markets of that section
are reported signs of the groundswell Of
fall demand. Signs of cumulative improve
try. more particularly from west of the
Alleghanies. where slight advances In
prices, accompanying good volume of
domestic and export business are report ed.
Elected in the demand for plates at eastern
points. A rather better tone is found in
the anthracite. coal trade, in which, as a
',gentlemens agreements" prices have
been advanced at the west from previously
low cut rates. The situation In cereals Is
cash prices being lower for the week in the
face of probably record-breaking small
worlds supplies on August list. and good
exports from this country while futures
of expected liberal supplies at home and
heavier crops abroad.
The sugar markets remain dull, and
stocks of refined In the chanhels of DIS
tribution are reported small. Raw sugar
however, remains featureless. perhaps
awaiting closer approximation as to tne
effects of the recent imminent changes In
territorial authority on the sugar trade OF
Cereal exports still continue of a salts
factory volume. wheat shipments this week
Qfour included aggregatlng 2H,S12 bush
els, as against 2.30s 4Gs last week. and com
pared with 2.343 021 bushels In the cores
ponding week of last year.
Business failures In the United States re-
for the week 1s9 against 1888 last week. and
compared with 259 In this week a year ago
Business failures in Canada for the week
| number "a, against II last week, aid 30 a
| year ago.
Financial Review
NEW YORK, July 2s-Bradstreet's Fl
| nancial Review will say tomorrow.
The Spanish application for terms OF
peace has been the chief factor in the spec
ulative situation this week. 1t created a
has been shown, though It is profound
kind. the public being still outside the mar
ket. while London has continued inactive
Large financial interests seem, however
to be much better satisfied with the situa-
ton. not only as regards the peace out
look. but in relation to the crops and rail-
road rates. The conflicting crob accounts
from the west seem. in the view of Wall
| the grain yield will be very large and af-
| ford a heavy exportable balance and ample
tonnage for the railroads. Western rail-
roads have shown a disposition to restore
rates and stop cutting. Some action of this
kind was certainly rendered necessary by
the unfavorabe statements of June net
| earnings. which are com ing out In some
instances. Another fact in the market Is
the general belief that considerable gold
will come from abroad this autumn. The
ease Of money and the thirst for invest
Is lo Inv mir rct nt1nh
might be noted that the bond market has
| again been very active and decidedly
strong. The success of the popular gov.
eminent loan and the failure of the opera
ton to disturb the money market has pro
duced a favorable impression, both at home
and abroad
Large dealings In the new threes have
been recorded, deliverable when issued, the
price rising to 104M104as At the. same time
other classes of governments have riser
sharply from y to ~ per cent in the diff
| ferent issues. This Is probably due to the
| fact that the new bond issue has caused
no decided selling of the older ones.