The herald., 1898-10-08
Bradstreet's Report

M X & T DDS 62M
Bradstreet's Report
NEW YORK, Oct. 7.-Bradstreets to-
| morrow will say:
With the exception Of some parts of the
! south, where heavy storms and yellow te-
yer, with resulting quarantines, chs ok dis
| trlDution, very large business appears to
margin of profit are we'll nigh unanimous.
While the bank clearings of September
point to slightly smaller Business being
done the country over than one year ago,
| THIS weeks figures point to a fair gain
over last year, and therefore over all pre-
Tious records for this week of the year.
The volume of distribution. as whole, is
well up to or above that reported a year
ago IN most sections, and therefore far in
| advance OF recent preceding annual pc
riods. AS for some time past, most ao-
| tlVlty IS perceptible in the west and north
west and on the Pacific coast, particularly
at Puget sound ard Columbia river points.
1t has been carnival and fall celebratio
| period al number Of western cities This
week, resulting in large distribution, both
retail and wholesale, being reported. At
leading eastern markets recent favorable
| reports are fully maintained, with busi-
ness in textiles, particularly cotton and
woolep goods eas, favorabiy situated.
Signs are not wanting that the spread of
with the resulting quarantines, has sharp
ly checked trade In the Lower Mississippi
valley. while heavy storms on the South
| AlldHtlc coast nave operated TO arrest dis
tribution and reduce the rice crop. The
general Industrial situation is a very fa
vorable one.
| Marked activity continues to be feature
| Of the iron and steel trades, but the i'm
mense rate of production at present. in the
absence Of immediate new demands, has
caused a shaving Of some few grades Of
pig iron and steel billets. Movements in
an upward direction. however, are repor ed
from the west. The situation as to prices
generally is one Of sustained strength,
| =. MT anA
while the most important reduction is :ha.
growing out of the refined sugar war. To
he exceptional strength of ocean freights
ports from southern points.
Business failures are still down to a
minimum, numbering 16+ far the week.
against l66 ol last week, 2S7 in this week year
Active demand for the actual wheat and
unprecede edly smaller stocks to start
eray th estated maximum naaorH Words os ylelds si
and recent considerable increase in stocks
at home and abroad. In the face, there
lean and European stocks last week, prices
stocks in. september-I5.56 10000 bushels
have ruled flrmer and higher; Bradstreet's
| monthly report of wheat stocks shows a
Canada Of q. .a9s 900 bushes, s2 % gain Of Of
10, $4,000 bushels for one month, against
L. 10000 bushels year ago. while Euro
| pean stocks on like date are given a AZ
200 900 bushels, gain of only 8, 400 900 bus h.
els. against IA 100000 bushels in September
| a year ago. combined gain is here in
dicated of only $500 600 bushels, against
q 00o 900 last year and 2o,000O00 to 21 COO 900
| bushels gain in 1895 and 1896 Stocks in
this country and Canada east of the Rock
| les October 1st are the smallest reported
at that date since 1852.
| Prices of leading staples, as reported 10
| lirregularity, In the majority of cases are
| well held.
Cansda % failures ally this week number 2s
| 1885, "a in 1885 and 81 in 1854.
Financial Review
Bradstreet's Financial Review will say
| tomorrow:
1t has been an irregular market with
restricted, rest s,d, professional trading; Most Of
| reports of railroad earnings, have been ia
vorable. but the breaks in the Industrial
stock list, under the lead of tobacco, last
week and of sugar stock this week, have
apparently eliminated public interest for
! the time being. London has shown dis
position to purchase the Pacific stocks, but
its transactions have had little effect. The
| to be responsible for the renewed activity
and strength in the bond list, but neither
| this nor The continuance of gold imports
| seem to revive the tagging spirit of spec
ulation.
The chief incident has BEEN the weak
ness of American Sugar stock on cuttin 6
| OIL prices Tor the renneu article. The rail-
roads have been neglected. but some spe--
| calties have been actively ma anipulated and
advanced. Tobacco has ceased to be the
leader of the market, the revelations about
| the disagreements and liQuidation of the
pool in the stock having quieted the
streets apprehensions abou. the indus RI
bacco's place in the market. Prices for re-
| fined have been generally reduced, both
| by the American company and the oppo-
sition refners, until on Thursday it was
| 1pdn no 11o .od
sold at about Az cents per pound. which, it
| is believed, removes all profit from the
refining business. From 1iSN at the begin
fell to 112A, its course being marked with
great irregularity and frequent rallies on
the short interest. The latter incidents
stock and the prevalence Of a premium for
borrowing it of fone-sixteenth to one-quarter
of one. per cent. The other industrials were
| 101 to 1854 on inside support and intima-
| tions that the arrangements settling the
chase of an important auxiliary company
which supplies the. company with oil, are
decidedly beneficial, although an issue of
49, 100000 new stock Is said to be part of the
| arrangement In the outside market the
| Federal Steel company stocks have been
| the object of considerable dealings at we'll
sustained prices. the common being about
The railroad share list has been neglect
ed. The grangers, with the exception of
| Rock Island, which had support ont its IA
vorable August statement. were dull. Atch-
| ison preferred was something of feature,
rising to ~ on rumors that dividends will
commence in January. Northern Pacific
common, on the other hand. has been ir-
regular, in spite of foreign support After
selling up to AZ, 1t encountered liquidating
sales on discourag ging rumors about the
probability Of dividend In the common,
and mysterious intimations regarding al
legged disagreemtns between leading inter-
| ests in the management.
Railroad bonds have been active and
strong, the Atchison issues being particu-
| lar features.
! Government bonds are steady for the
new fours, though the banks are selling
the latter and buying the new threes war
| bonds, which have been very strong at an
advance to 105h asked.
Dun q Co.'s Review
NrUw YORK Oct 7-R n nun 4 "a ..