The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-27
BRADSTREETS' ON BUSINESS.
CONTINUANCE OF THE FAVORABLE
FEATURES IN TRADE SITUATION.

Iron and Steel Enjoying a Still More
Active Demand-FeVver Business
Failures, Gains in Railroad Earn
ings and Increase in Bank Clear
iDgs GO to Make Prospects Bright.
Less Complaint From Rain Noted
at the SOutIa-LarGe Yield of Cotton
Expected Causing Depressing
in Prices-Inquiry for Dry Goods
and Clothing From the West.
New York. Aug. 26.-Bradstreets to-mor-
row will say: Business conditions in the
main reflect the continuance of most of
the favorable features hitherto dominat-
ing the trade situation in the more favor
ed sections of the country. Prominent in
this direction, of course, are the iron and
steel and allied industries in which active
demand. present or prospective, has led to
further price advances, sustained and even
increased activity in distribution at most
Western markets, with some improve
ment likewise noted at the South and
on the Pacific coast, steadiness in prices
Of corn are excepted, a reduced number
of business failures, fair gains in rail-
road earnings, as a whole, and bank
clearngs, in spite of a slight reduction
from last week, showing heavy gains over
all corresponding periods in previous
years.
The less favorable condition in the sit
uation are the reports of arrested or small
er than expected trade at Eastern mar
kets, more particularly in textile lines,
lowered quotations and apparently less ac-
tive and depress prices.
I'm iron and steel trade the strength
developed wonderfully and the confidence
expressed is striking in view of the will
ingness of new buyers to Immediately
grant price demand. Less complaint of
rain is heard from the South, and ac-
counts from leading markets apparently
reflect the confidence in a large yield of
cotton which has depressed prices 6s per
pound.
Business failures in the United States
this week number 172, against 1876 last
week, and compare with 21O in this week a
year ago, 800 in 1896, $50 in 1885, and 1872
in 1894.
"The feature of demand at Western
markets this week has been the inquiry
from jobbers of dry goods, clothing and
boots and shoes, special activity being
noted at Chicago. st. Louis, st. Paul.
Louisville and Omaha.
Nv heat shipments for the week, includ-
ing flour, aggregate 1855 476 bushels, as
| against 3,98SS4S bushels last week, $40,
65S bushels in the corresponding week Of
1897, 1921, S54 bushels in 1896, 1928, 927 BUSH
els in 1895 and $4,000 bushels in 1894
| Since July l, this year, the exports of
/ wheat aggregate IS, 706, $50 bushels, against
26,5S1, 999 bushels during the same period
| last year.
| Corn exports for the week aggregate
! 264S, 933 bushels, against 3196021 bushels
! last week. 2,6S2, 452 bushels in this week
of last year, 263O,1O9 bushels in 1896, 2,124,-
563 in 1895 and $4,000 bushels in 1894. Since
1 July 1 this year exports of corn aggregate
! Q. ST 3O1 bushels, against % 36S, 800 bushels
! during the same period last year.
Hot weather has checked distribution
! in Canada this week, but Montreal reports
an improved distribution in groceries,
cheese exports heavy and prices moving
upward, while Toronto looks for large
/ trade the coming week as a result Of the
| exposition at that city.
Business failures in the Dominion this
week number q, against 26 last week, 20
in this week a year ago, 81 in 1896 and AZ
in 1895"