The age-herald., 1898-02-26

until 10s7s was reached on Monday. but declined sA later as if there were fears that Spain would some how stop British vessels from taking wheat across the wa ter, but the price has advanced about 10 cents since Chicago speculators last took occasion to shake off weak followers and the opportunity for reaction was inviting There was no abating of foreign demand The spot price of cotton was not affected
 It is not the season for such improvement in textile manufacture, but the cotton branch has gained. by the closing Of the strike in one Fall River mill and by the ad- ditlon of some works at the south.
 The woolen manufactures meet many cancellations, especially in goods sold early without definite price, but is doing more than ever at this season though new business in the higher grades of worsteds and woolens is not particularly encourag- ing.
 The silk manufacture shows a remarka- be increase during the last six months. having imported raw material far in ex- cess of consumption in any previous year and at rate 120 per cent above the im- ports in the last census year.
 The iron manufacture has more demand for products. No finished products have changed in price, and all are strong In de- mand excepting bar, which combination has failed to advance. Some large con tracts are reported, especially in car and bridge building, ship and structural work and the demand for sheets is heavy.
 Bradstreet on Stocks
 New York, Feb. 25.-Bradsltreet's Finan- cial Review tomorrow will say:
 Under the influence of the Maine disas- ter the stock market was unsettled at the end of last week. iquida tion continued on Monday, the hearing on succeeding days creating a desire to speculative engage ments. On Wednesday in the face of the heavy buying by London, the market showed increased weakness and liquidatng
 tendencies and continued this course on ThursdeS, breaking with some violence. London was large buyer at the breaks, it's total purchases in the two days oelnS estimated at over 1000 900 shares, though this was considered to be mainly speculative | and likely to result in selling on the rally, | which foreign operators believed would en- | sue, Some large interests were purchasers | of their specialties. such activity oelng | prominent in the Vanderbi,ts and in Kan sas and Texas and Rock Island. The bear party were, however. very acuvee : | in the decline and were rewarded with the | forcing out of large amount Of long | stocks. through the exhaustion of margins | and the catching of stop orders. Through | ont the week the traction stocks and sugar | were especially unsteady and ready ,o | yield, indicating both that the prices TOT | that too, had been put to an unduly hngh | level and that their rise had attracted con siderable weak buying. Rumors or all kinds regarding alleged discoveries about the loss of the Maine and the probable ef- feet on our relations with Spain had free circulation and the market was TOO oe- moralized to take notice of favorable feat ures such as the drop in exchange rates and the accompanying possibility that any f,,fure rise in interest here would have the effect of attracting gold from the other sloe of the Atlantic.