Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-08-18
All Lines Of Business and
Trade Show Favorable
Developments.
BOOM IN IRON And STEEL.
a Strong Foreign Demand For Wheat
and Corn-Cotton Higher and business
Failures Are OF the Decrpasc-An
Skusuai Amounto of orders $500
Peace Was In Sight.

New York. Aug. t2.-Bradstrect's trade
review tomorrow will say:
Changes in general trade and business
this week have been very generally to-
ward further improvement. Notable in
this respect has been the iron and steel
trade, which has passed from the stage
of promise to that of fulhllmcnt on in
creased demand and marked advances in
values. From all the leading iron CcntCrs
East and West como reports of moro or
less Improvement in tone, demand or
prices, specially prominent in the latter
particular being steel billets. with an add
vance of 81 per ton. steel rails with adj
vanccs ranging from % cents to 81 and
sympathic advances are likewise noted in
Eastern pig iron, wrought iron pipe, steel
beams and other structural material and
steel plates.
Further encouraging features have been
the accentuatcd demand on foreign ac-
count for wheat and corn, which Is reflect
ed in advances for those cereals in spite
of a rather more favorable than expected
government rcpor of possible yield. Pop
ular estimates tend to allow of an undorps-
innate by the government i'm wheat iullp
equal to that of last year. and point to II
total crop not less than 100. UOO, UC00 bushels.
The corn YIcld as Indicated by the gov
eminent reports is in excess of that Of last
year and only 100000 bushels smaller
than the maximum yield of 1896; but the
yield OF oats is reported cut short by Try
weather and an out turn indicated rather
smaller than last year. Effects of the
holding Of wheat by farmers for better
prices are found in the reduced volume of
grain carried by railroads during July
with some complaints of Interference with
elections.
Price strength is also a feature. Cotton
prices are higher and contrast with the
government report of an unchanged con.
dit!on as At result of July weather, but this
is fairly due to complaints Of too much
rain since August !, the date of the gov
ernnen report. Signs that eastern mar
kets are about to experience some of the
improved demand reported at the west
are among additional favorable features.
Business failures still incline toward a
minimum, numbering only l57 against IS
last week. PA in this week a year ago, 2S>
In 1896, 1873 IN 1895. and pa in 1894.
Cereal exports are OF a satisfactory
volume, and are still ahead of last sea.
sons liberal movement. Wheat shipments
for the week, including flour as wheat
aggregate 1856, j35 bushels as against
4~,lll.3l2 bushels last week and compare
with i,i@,5l9 bushels in the corresponding
week of 1897. 2.d35, PIC bushels in 1896. 1924
CPS bushels in 1895 and 2.91a, 92i bushels in
1894. Since July / this year the exports of
wheat aggregate l%S,712.657 bushels against
l~6,ll5,5i3 bushels during the same period
last year. corn exports for the week ag-
Eregdte 3~,jlI.9j2 bushels. against 2.3f7, So
bushes in 1896, 944. 54s bushels in 1888 and
l6e. 2hN bushels in 1894. Since July | this
year exports of corn aggregate lT.0S2. 34l
bushels, against 10, 736,hjS bushels last year.