The times., 1898-09-10

advance has been Remarkably moderate
AS most of the big works are crowded
months ahead. some Tof the demand laps
over to concerns less fully occupied. But
in the near future, louniess appearances
deceive, all works in. operation will have
quite enough to do
Prices for woolen goods do not change
and considerable number of the mills
will shortly shut Down unless the situa-
tion improves. In the cotton manufac-
ture there is still a fairly strong de-
mand with print-cloths and staple goods
unchanged in price. but the stoppage of
some Eastern mills continues.
The volume of all business represented
by clearing house exchanges has been
81 per cent larger in daily average for
September thus far than in 1892 and this.
with the returns of railways, indicates a
material enlargement In the general
volume of traffic
Failures for the first week of Septem-
ber have been in amount of liabilities
81 ,593.
Failures for the week have been 1854 in
the United States against 2I5 last year
and 16 In Canada against IS last year.
New York Sept. 9.-Bradstreets' tomor-
row will say:
Heat and holidays have impaired an
irregular price TO speculative and gen.
eral distributive trade this week, and
therefore to bank clearings returns m ore
particularly at the East, but with the
arrival of cooler temperature some i'm
provement is reported at those markets
Generally speaking. favorable features
already noted still continue most in evil
dence and the attitude of quiet conf
dence in future good trade Is undated
Conditions in many leading industries
but particularly in iron and steel and its
various products are of continued, and in
some cases growing strength. The gem
eral level of prices of staples is the high
est reached for five years past; railway
earnings. favored by the enlarged move
ment of wheat to market, are showing
larger gains than have been recently re-
ported; a good export demand for agri-
cultural and manufactured products is
reported.
Failures remain at minimum, and re-
ports of poor trade are conspicuous by
their infrequency.
Less favorable crop reports from
abroad and good export inquiry are re-
fiected in a rather steadier tone in wheat
and in advanced quotations for ocean
freights. Corn continues to experience
a weather market, but prospects of yield
are still regarded as favorable. Follow
ing the intense activity in the placing of
orders for iron and steel in the past few
weeks mas come qulellNB IN demand,
but experiences of buyers, and the very
firm and, in some cases, upward ten
dency of prices point to the conclusion
that the lull is due almost entirely to
the mills being already heavily oversold.
Export business has certainly been
checked by the inability of American
mills to deliver within their limits set.
Reports from the lumber trade through
out the country are of increasing activ-
ity and firm prices, with possible ad-
vances forecasted.
The resumption of heavy grain ship
ments is reflected ine increased gains by
prominent railway systems, particularly
In the Northwest, and earnings of eighty
leading railroads for the month show an
increase of per cent over last years
heavy earnings. against gain in July of
only l per cent. ,r,-
Bank clearings in the United States
amounted to s., ,1O6, 900 O90, with practically
two holidays at some cities, 12.7 per cent
smaller than last week, but equal TO last
years large total
Business failures in the United States
number 142 against 1s4 last week and 173
In this week a year ago.