The herald., 1898-08-20

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Bradstreet's Report
NEW YORK, Aug 1o.-Bradstreet's to-
morrow will say:
Perhaps the most Interesting feature of
the air of confidence with wftch the mer-
camille community awaits the approach of
the fail trade period While, Of course,
based In ,s some degree upon the favorable
is unquestionably. true that the flatterng
| crop outlook at home and the return OF
peace, with the expectation of benefits of
| our export trade naturally expected to ac-
crue therefrom, accounts for much of the
feeling thus expressed Reflection Of the
growth of the fall trade Is found in the
steady expansion In bank clearngs, the
improved demand at higher prices for most
| makes OF iron and STEEL the generally ia
vorable railway earnings, which, in default
OF a large movement of crops TO market
point to large return In manufactured
goods to the agricultural sections, and the
| reports of continued activity In distribu-
| moderate Increase in interest at leading
tive trade. west and south. with signs Of
shared largely in the trade Improvement.
The. immense business doing in iron and
| steel products at advanced prices calls at
tention to the proportlonately less notable
| expansion of crude iron production. At the
west iron and steel are particularly active
and the large number of orders already
pendent regarding prices and favor an ad-
vance on future business The balance es-
tabllshed between phenomenally reduced
visible supplies. active milling demand at
home and fair export inquiry on the one
hand and the very promising crop outlook
on the other hand tends to steadiness in
prices, and other cereals sympathize with
wheat.
| Reports as to collections the country over
are very encouraging. From the winter
wheat sections especially reports are very
good: Some slowness Is noted in payments
at the northwest, but this is expected to
disappear when the spring wheat crop
moves.
| Business failures are larger In number
than last week, aggregating 1876 against ISL
last week, but compared with 221 in this
| week a year ago.
Buyers are appearing in Increasing num-
bers at leading western markets. Chicago
reports increased activity in distributive
trade on country demand, with dry goods
| shipments especially large. Sales of iron
and steel are restricted by inability to de-
liver. The short pack Of canned salmon
has advanced prices Southern and west
ern buyers are arriving at St. Louis.
On the Pacific coast, while business is
quiet In California, large crops In Oregon
and. Washington are expected to make fall
trade lively Oregon fruit men are doing a
good business and are shipping to Califor-
MIA points AT the east, more is doing at
Baltimore.
In wool and wooden goods business is
only moderate and manufacturers buy for
present requirements. Orders for mem
wear goods for the spring trade are coming
| Wheat shipments for the week, including
| -four, aggregate 3,79593S bushels, as against
| 3.S28,606 bushels last week, and compared
| with 6.316 .S03 bushels in this week last year
and 1881 ,693 bushels in the corresponding
week of 1896: Since July this year the
exports of wheat uaggregate q $50 ,6ee bush.
Canadian trade is quiet, but the tone is
one Of confidence, based primarily upon an
expected wheat yield larger than eyer be-
fore in the Dominions history. In British
! Columbia normal trade doing, but the
salmon pack as q whole is disappointing
and prices tend upward.
Business failures In the Dominion Of Can
ada number 26, against 35 last week and Al
| In this week year ago.
Financial Review
will say:
This has been a week of active and ex-
cited speculation. The public had come
into the. market, and buying, which at times
assumed an almost reckless appearance,
has extended throughout the share list.
Large professional interests have taken up
vraious parts of the list In succession and
The continuous feature Of the week was the
granger stocks and the most striking Incl
dent the increase of the Burlington divi-
dend rate to " per , cent quarterly, or per
ing out on Wednesday. when the market
seemed likely to react under the taking OF
profits by traders, kept up the excitement
and advances for that day, while 1t resulted
| in dealings to the extent of 100000 shares,
one of the largest days the exchange has
had for some time. On Thursday morning,
however, there was more or less reaction
10 m
freely, while at the declines there was fair
amount Of fresh buying. On Friday the
market tended to recover still further, and
support was given by large interests. Shots
covered and the close was in many cases
at or near the highest level of the move
ment. The market is certainly broader
one than for some time past. Commission
house buying has been the feature, and
while as yet It cannot be said that the pub
lie has taken the market away from the
professionals, the latter seem to nave much
| less control than usual. Some OF the usual
| accomplishments of an old time boom
are present, and the street at large is APP
parently inclined to believe that If it does
not become boom, the rise OF prices and
Increase Of speculative activity will con.
tinue for some time at least The principal
developments of the week have all tended
to favor the bull SIDE, the enects OF peace epoS
report; by an increase in earnings and by
the advance of Americans in LONDON ana
the appearance of disposition on the part
change at the end of the week was also
noted among the favorable circumstances.
Dun & Co.'s Review
NEW YORK, June 19.-R. G. Dun & Co.'S
Weekly Review of Trade will say
A war which brought no such shrinkage
of values while 1t lasted, has brought with
| its ending quite remarkable expansion.
Orders and purchases have increased In
nearly all branches, few as yet being of
such nature that they can be attributed
to the material enlargement Of trade with
| the lately acquired Spanish Islands, which
must come little later
1t is probable that the iron Industry,
while reporting declines In products. shows
more surprising gains In business than any
other Both returns of output August LIST
show considerable decreases from July LIST,
but more than the entire decrease is caused
by the stoppage of two Shenango and four
Mahoring furnaces, under agreement 10
force higher prices for Bessemer pig. In
all other states showing change. the output
Increased, except for one furnace in Vir-
ginia The demand for finished products
expends remarkably, considering the enor--
NOUS orders prior to July. whichMlll crowd
some of the biggest works until December.
Structural orders include many bridges and
the draining canal contract for 1000 tons at
Chicago. Plates and bars are IN stronger
demand. Nails have advanced cents and
beams and angles as much, and bars 10 cents
at Plttsburg. Tin plate works, which re-