Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-09-15
General Level of Staples
Highest Reached for
Five Years.
HEAVY GRAIN SHIPMENTS.
Iron and steel Continue strong Less IA
vorable Crop Reports From Abroad
steady til Wheat Market-Increas-
ing Activity in Lumber Trade
1ncycasc In Hallway Earnings.

New York, Sept. o.-Bradstrccts to-mor-
row will say:
Generally speaking. favorable basic fta-
lures already noted Still continue most in
evidence and the attitude Of quiet conii-
dcnCe in future good trade is undated.
Conditions In many leading industries but
particularly In iron and steel and its va
rious products are of continued and III
some cases growing strength. he gem
cral level OF prices of staples is the higs-
est reached for i've years past; railway
earnings. favored by the enlarged m )vc-
ment OF wheat to market are SHOWING lar
ger gains than have been recently rep r.
ed good export demand for agricultural
and manufactured products Is reported,
failures remain at Il minimum and reports
OF poor trade are conspicuous by their in
frequency. Less favorable crop reports
from abroad and good expert inquiry are
reflected III rather atcadier tone in
wheat and in advanced quotations for
ocean frelghts. Corn continues to expert
cnCc a weather market but prospects of
yield are still regarded as favorable. To-
lowing the intense activity in the placing
OF orders for iron and steel In the past
few weeks has come quoting in do
mand, but experience of buyers and the
very firm tendency OF prices point to the
conclusion that the lull is due almost en-
tircly to the mills being already heavily
ovprsold.
( Export business has certainly been
checked rs the inability OF American mills
to deliver within time limits set. hut or
dcsS have boon placed at the West this
week for large lot of steel bars tor
/ shipment to England. Pig iron maintains
/ u sjrCng tone, ard the frmucss OF prices
| Is 9 feature. Southern iron Is in partic-
ula~'y good export demand and ho,dc rs
! r adily refuse orders whore anything les $
! thtn the full market Ercc is offered.
Reports from the lumber trade through
out the country arc OF Increasing activ-
| ity and firm, prices. with possible further
/ advances forccastcd. The resumption OF
heavy grain shipments Is reflected in in
creased gains bv prominent railway sys-
| tens, particularly in the Northwest, and
| earnings of 20 leading railroads for tho
! mouth show an increase Of 6 pcr cent
! over last years heavy earnings, against
| Il gain IN July Of only per cent.
| business failures in the United States
/ nGrhc" AZ against lGi last week. l73 IN
this week a year ago, 3jS in 1896, 2l3 In
1921 and 225 in 1894
! Wheat shipments for tho week, irclud.
ing flour, aggregate S.iCo.c0S bushels. as
Against 3.GS,,cM last week. iiCi. I0G in ihis
week year ago and 3,7ea.lil bushels In
1876. Since July | wheat exports aEgrp
gate g. 49,. 2M bushels against SS,3lI1j2 dur
ing the same period Of 1897.
Corn exports for the wcol; agCregat,
',SN,Ne' bushels against l.6;l,Io) bushcl,
last week, i,9ic3iS bIshcls In thc corr, $
rondirr wo"i> Of l&, ana @,sjS.i;S in 1886
Sine" July | the experts Of cora aeErc
; gate 2N,id,SIO, compared with 3O,i7G7 57 las
year.