The age-herald., 1898-11-12
BRADsrREET's REVIEW

New York, November u.-Bradstreets to- morrow will say: While the influence of the elections and of the unfavorable wealth CT has been such as to temporarily re- duce the volume of current trade, the in- nate strength of the general trade situation is shown by the very satisfactory reports received as to bank clearings, rail- road earnings, prices and other measures of business development. As is well known for some time past the iron trade has been rather bare of new business. and the desire to see the elections over be- fore new contracts were made, has been frequently expressed. It is therefore sig nificant feature that this week more in- uuiry is to be reported for pig iron and although new orders not yet as numerous, this fact itself IS an encouraging one, particularly as a further gain in pro- duction during October Is reported In the steel trade, there is rather more anxiety for new business and some price shading to secure it, is reported. The mainstay of the allied industries at present is undoubt- edly immense export demand which Is tax ing the available freight room capacity to accommodate and with the strength abroad is likely to furnish a needful outlet the coming winter. The steel rail commits sion is still in process of arrangement, a joint selling agency is outlined and reports are even heard of $20 per ton having been fixed as the price for 1899. Simultaneously comes the report again of the completion of the tin plate commission which Is expect cd to control practically the entire out mt of the country. The cereal markets have been quite steadily held notwithstand- ing the subsistence of the war talk and less active foreign demand, pointing to the strength of the statistical position of most grains
 Spot cotton has been unchanged on good domestic and foreign demand. but quota- t;ons of futures have been affected rather unfayorably by the growing belief in ma aximum yield. Government estimates as to yield of 1 000 900 below last years out turn are practically ignored. The sugar war goes merrily on, new independent re- finery has started and the margin between raw and refined is now only Al cent, against margin before the fight began of nearly 92 cent.
 Wheat shipments, including fiour for the week aggregate 3,674,693 bushels, against 6,77364S last week. 5,44i,527 in the corre- spending week of 1897, 4,664,515 in 1896; s375,o25 in 1895 and 2,oas,275 in 1894 Since July 1 this year the exports of wheat ag- gregate IT, ,216 bushels against S9,319,634 bushels last year.
 Corn exports for the week aggregate a147745 bushels against 3,566,640 bushels last week, 2,651 546 bushels in this week a year ago. 3.7S2036 bushels in 1896; 1921 AIS fin 1895 and 1S7,S13 in 1894. Since July l. this year, corn exports aggregate 52,4SS,1s5 bush els against 5S,4s0.65O bushels during the same period year ago.
 Business failures in the United States this week number 1S7 against 1S3 last week, 273 in this week year ago. 25S in 1896, 279 in 1895 and 2S0 In 1894.
 The feilures in Canada this week were thirty, against thirty-one last week; thir- ty-three in this week a year ago; forty four in 1Se6; forty-five in 1895 and thirty three in 1894.