The record-union., 1898-09-03

other parts of the South however,
crop reports continue quite favorable,
and a yield at least equal to that real
lied during the year just ended is
looked for by many
A better tone is evident in the prin-
cipal wool markets this week, and an
the reflection of a more cheerful out
look at Fall River.
Distributive trade is active in the
West and Northwest, with dry goods,
boots and shoes, hats and caps, ma
chinery, clothing and hardware in most
| active distribution by jobbers, and iron,
steel and most of its products in active
demand and consumption by manufac-
turers. An increased business is re-
ported in the southern Mississippi VAL
ley, New Orleans telling of increased
activity in general trade, and large re-
ceipts Of new-crop cotton and rice The
South Atlantic Coast heavy rains have
hurt distributive trade, and are claimed
to have materially injured cotton crop
prospects.
San Francisco advices are that the
California wheat crop will not much
exceed 100000 bushels. which is
about one-third of an average About
one-half of the usual fruit crop is
| looked for except in the case of rasins,
or which heavy yield is expected
August was a good month at Puget
Sound cities for both domestic and ex-
| port trade
Wheat shipments for the week, in
cluding flour, aggregate 3,6S7 ,O40 bush
els, as against 1865, ,476 bushels last
week, 6,264, ,647 bushels in the CORE
spending week of 1897, and 1869 S42 in
| 1896.
Failures in the United States are
| down to very low figures, numbering
| only 164 this week, against 172 last
week, 1877 in 1897, 1856 in 1896, 1S4 in
1895 and 227 in 1894.
Failures in the Dominion of Canada
number 26, against q last week. and SO
a year ago.
NEW YORK, Sept. 2. - Bradstreet's s
Financial Review Tomorrow will
say:
Prices have been irregular, and at
the beginning of the week the tone of
speculation was reactionary Large in
terests were disposed to withdraw sup
port, or to act on the bear side. and
there was more or less liquidation of
the large bull account open for the pub
lie. London also Sold and the firmness
OF the money market checked speculat-
i've buying, in spite of the weakness of
exchange and the increasing proba bility
of gold imports News that some gold
was coming to the United States from
Australia and London seemed. how
ever, to diminish pressure in the money
market, and arrested enforced liuuida-
tion of stocks.
Later on the market, though still ir-
regular, exhibited a f1rmer tone, ad-
Vances being scored in the Pacific
stocks, while shorts covered in Manhat-
tan, Peoples Gas, Sugar and other por-
tlons of the list which had been de-
pressed by bear selling.
AL the same time London showed in
creased readiness to purchase heavily.
although interests there had advanced
sharply on fears of a drain of gold to
the United States.
The extreme heat of the West was re-
ported to have injured the corn crop.
and on this the Granger shares were
quite heavy.
Transactions in bonds are smaller
AN N7S4iiS ~ Lie speculative SpeCiaItleS
nave receded as to price. On the other
hand, the railroad bond list shows other
bonds which have advanced, namely.
those OF the Northern Pacific road
Whle new records have been made in
some Iow-priced bonds like those of the
Colorado Midland
Governments have been less active.
and the older issues are fractionally
lower, while the new threes fell from
IOoA to ION. The decline was on the
accredited delivery of allotments of
$1,000 and the issue of the notice of
allotment to subscribers for $4,000
amounts Of new bonds.