The record-union., 1898-11-26

~
year. Pacific exports 81, ,1S5 bushels,
against 1.626. $50 last year. making for
three weeks Of November 1852. .O6U
bushels, against Is. 195, 200 last year.
While Atlantic shipments exceed last
years, decrease from the Pacific af-
fects this market but little. More
over, corn exports continue heavy, ir
four weeks 10,5S3,216 bushels, against
,326, 78S last year, showing a contin-
ued demand for nearly five months al
most equal to the unprecedented de-
mand of last year.
Failures for the week have been 1SS
in the United States, against 236 last
year, and Il in Canada, against % last
year.
NEW YORK. Nov. 25. = Brad
streets" tomorrow will say:
Winter storms and a holiday have
interfered with the wholesale demand
and distribution, but later clear, cold
weather is a compensating feature, in
ducing heavy retail business in season
able goods. In general business most
developments have been favorable,
notable among which might be men
toned general advances in prices of
cereals, provisions, groceries. cotton.
steel and pig-iron. the latter chiefly at
Eastern and Southern points: contin-
ued heavy general export trade, bet
ter tone in the market for hides and
leather, more firmness in cotton goods.
and active stock speculation, all of
which are reflected in a heavy bank
clearing total
Unfayorable features are few, prom
inent among which is the continued
dullness at wholesale of wool and
wooden goods. The situation as to the
country's export is fiattering, except
for the scarcity of freight tonnage,
which is becoming serious, tending to
check shipments of goods contracted
for and thus hamper the development
of American trade abroad. This is par
ticularly felt in the iron and steel in
dustry and considerable pig-iron ar
ranged for shipment is being delayed,
and may ultimately be thrown back on
domestic markets
The movement of wheat and other
breadstuffs continues large, and al
though some reaction has followed
early strength, the demand is sufficient
apparently to more than conteract
growing in supplies.
The agreement as to print-cloth pro-
duction and heavy sales of cottons for
export have stiffened values of manu-
featured goods somewhat, and i'm
parted a more cheerful tone to this
trade and to raw material itself
Woolen goods show little effect as yet
of current good retail distribution, but
there is a steadier tone as to the val
ues.
Important developments are looked
for the iron and steel industry, and
while the alleged combination as To
steel rail prices seems to have fallen
through, steel billet values are stronger
and there is talk of a "gentleman's
agreement" as to prices taking the
place of an actual combination. In
pig-iron the situation is a waiting one.
but large buyers are manifesting more
interest, and while the strength of the
metal markets abroad, and the feeling
that 1899 will witness a heavy con-
sumptive demand there Is little
tendency to make concessions.
Increased speculative interest in an
thracite coal stocks leads to runors
of important moves in this branch OF
trade.
Wheat Gncluding f1our) shipments
for the week aggregate 5,S24,726 bush.
els, against 5,679,1 141 last week, 5,465.-
153 bushels in the corresponding week
of 1897, 3,573.69S bushels in 1896,
2,46O,30 in 1895, and 2,667 1902 in
1894. Since July 1st of this year the
exports of wheat aggregate S3,714, lS3
bushels, against 7843S,579 last year.
Business failures in the United States
for the week number 17S, against 229
last wear 233 in the corresponding
week last year, 296 in 1896. 2SS in
1895, and 307 in 1894. Business fail
ures in Canada number 25, against "A
last week. 81 in this week year ago,
SO in 1896. 50 in 1895, and So in 1894.