The record-union., 1898-01-22

its products and makers of tin plates.
Prices of all finished products are sus-
tanned by the demand, though Bessemer
pig is five cents lower at Pittsburg, but
at Chicago is strong, with some pro-
ducing OF finished forms delayed by its
scarcity.
Failures for the week have been 3l4
in the United States, against 400 last
year, and 53 in Canada, against TO last
year.
NEW YORK, jan -Bradstreets
tomorrow will say:
A large measure of activity in busi-
ness and Industrial lines, with, in some
instances. previous records surpassed,
and very general steadiness in prices Of
staples, is perhaps, the most notable
feature of the trade situation this
week. Quotations on cereals show the
most aggressive strength, while those
Of some makes of pig iron betray rath-
er a more decided weakness than they
did a week ago. Mild weather is fire.
quently mentioned as an influence tend
ing to check retail distribution of sea-
sonable goods, chiefly because of the
effect on country roads. Spring trade
opens slowly as usual at this time OF
year, but confidence is still unimpalred.
AS already intima ted, the immense
production of pig iron, amounting TO
fully 100000 tons per month, has
begun to exercise an influence upon the
price of that staple, but decreases re-
ported are still only fractional. The
outlook in the steel rail trade is re-
ported as fiattering. Large orders for
railroad account already booked have
been increased, an example being fur
nished by sales of $4,000 tons reported
from Chicago at full prices.
Higher prices for wool abroad, based
partly on short yield reports, are re-
flected in the firmness of domestic quo
tations, although the demand, while
comparing We'll with most preceding
years, is smaller than it was at this
time in 1897. when the tariff changes
were being anticipated.
The industrial situation, with the sim
gle exception of the cotton industry, is
one of exceptional strength.
Business is active on the Pacific
Coast. California crop prospects have
been improved by the recent rains, and
ship and boat building are very active
along Puget Sound and at Portland.
Quite a shrinkaGe in cereal exports is
indicated this week The total ship
ments of wheat, flour included, from
the United States and Canada, amount
ed to only 3,926,000 bushels against D
229 600 bushels last week, 29lG,0t0
| bushels this week year ago, 3Si9, ,0GO
bushels in 1896, and 2,S40,O90 in Jan
uary in 1895.
A further falling off in the number of
business failures is reported in the Uns-
ted States this week, the total being
only 800 as against 323 last week, 429
a year ago. 314 in 1896. 3l2 in 1895, and
3S in 1894. Failures in the Dominion
of Canada amount to As. against -
last week. - in 1897, - in 1896, and
46 in 1894, but exceeding those of 1888,
which number IS.
EASTERN GRAIN MARKET.
CHICAGO, Jan. 21.-In wheat spec
ulators We're treated to a mild sensa>
tional opening by the action of the Liv-
erpool market The quotations from
there We're up 114d per GENITAL for fu>
lures. No. l northern spring on the
spot had been raised Id per GENITAL, and
even the London cargo market showed
an advance of from Sd to Cd per quar-
ter.
May opened here with a jump to
923sc. with some sales at the same
time at 927sc The closing price yes
terday was 91Ac. July started at from
Size to S44c. compared with S3a4c yes
terday afternoon. Outside markets were
also very strong. especially New York
and Minneapolis, and this had its ef-
feet
The reason for the strength of the
Liverpool market was said to be on ac>
count of the growing scarcity of offer
ines from Argentine. A cablegram from
Rosario said however that the farm
ers deliveries in that country were re-
tarded by rain. and that plenty would
be forthcoming later; that the area in
wheat had been large; the yield heavy,
and that no reduction in the estimated
exportable surplus was being made. But
another reason for Liverpool strength
was continuation of drought in India.
notwithstanding the cablegram from
Rosario. Liverpool reafIirmed earlier
statements of scarcity of Argentine Of
| ferings. There was plenty of selling
both of July and of May, many holders
taking advantage of the sharp opening
advance to realize, but declines of only
| alizing ceased prices went up again
/ Primary Western market receipts, al
/ told. were 36S. 900 bushels, against 211,
coo bushels the year before. Mime
apolis stocks for the week We're ex-
| pected to show 100000 bushels in
crease and on that basis and estimate
of the weeks exports, 50o.o0 bushels
| increase in the visible supply is looked
! for Last year the decrease Of the
similar week was .16f 600 bushels.
Liverpool closing prices showed net
! gains for the day of I'D for March. lo
for May and Ad for July. Paris noted
! - centirnes' decline in January floui
and > centimes' advance in Marcf
and June. Antwerp advised u:
centimes' rise in both red winter anc
/ Walla Walla wheat The clearances
from Atlantic and Gulf ports IN whea'
and flour were equal to 63o0p bushels
The market here began to weaker
after the, posting of the weekly ship
ments from Argentine. which rather
confirmed the earlier Rosario cable con
! cernine the large surplus The snip
r7enas were given at 32S,09D bushels
/ Selling became quite free after that
and it was the impression that th'
Letter crowd liquidated some of theii
July and May holdings. May declined
10 Ollie. and was bringing 9ihsc at The
close. July sold down TO s., and closed
at that.
For relieving throat diseases. coughs
and hoarseness. use Browns Bronchial
I rrnchesn Sold only III boxes Avoid