The age-herald., 1898-11-19
BRADsrREET's REVIEW

New York, November 1S.-Bradstreet's to- morrow will say:
 Evidence accumulates that the good re- suits flowing from the recent elections are no longer confined entirely to improvement in tone and confidence, though the above feeling influences dealings in both financial and mercantile lines. Several substantial developments present themselves this week, notable among which are a number of advances in prices exceptionally few declines thereof, growing strength in the pig iron situation unprecedentedly large weekly bank cearings and remarkably good reports to export trade, not only in the line of food products, but in enlarged trade and manufactured products. Distribution of merchandise shows but little change from recently preceding weeks, but the growth in confidence is reflected in very general reports of improved collections on past business.
 First and foremost in the line of foreign trade extension are the returns recently made for October, pointing to exports for that month larger than in the correspond ing month of any preceding year. second only to those of December last year, and chargeable not so much as formerly to en- larged exports of farm products. but to heavily increased exports of finished prod ucts of American industry.
 In this connection especially good reports come from the iron and steel industry, which has thereby been rendered more in- dependent than ever of domestic demand.
 Trading in Cereals
 The strength in values of all cereals, all the leading breadstuffs being higher this week-is of course due to the constant for egn demand more than offsetting very large gains in domestic supplies. which, however, are below any corresponding pe- riod for past years. The strength of ce- reals finds imitators in coffee, whose sta- tistcal position shows some improvement; sugar, which is relatively higher for re- fined, on growing strength of raw supplies; coffee which retains it's old bulish tone, and even cotton, which Is higher on small CT movements and the improving tone of the goods market. Wholesales continue of good volume on the confident buying of small manufacturers, who. however. re- port the finished goods market unsatisfac- tory. Heavy sales of bonded woolens for export to England are reported this week. Rather more inquiry is noted for pig iron, and the tone of prices Is strong In contrast to that of steel which Is being shaded by those eager to book new business The steel rail situation is apparently unchanged, and much business Is held LID awaiting set tlement of prices and other details
 Wheat. including flour. shipments for the week aggregate 5.679,14 bushels. against 6.63759 bushels in the corresponding week of last year. Corn exports for the week aggregated 34.531.724 bushels. against 3209,- 790 bushels In this week a year ago.
 Business failures in the United States this week nur,her 229 as against 197 last week. 225 in this week a year ago, SOS in 1S9e 323 in 1895 and 295 in 1894.
 The total number of failures in the Do- minion of Canada this week is 2f. against 31 in 1897.
 Western points received 10,337 s11 bushels of wheat during the week. and in two weeks 20 261. 1856 bushels, against 15.2Ss. .167- bushels last year. Tn view of these heavy receipts 1t can no longer ehe said that west ern supplies threaten to run short
 Cc.n exports for the last two weeks have amounted to 6056. .O51 bushels. Such ship ments after the middle of November go far toward confirming the belief that the foreign demand for this grain is destined to be greater than has been expected.