The age-herald., 1898-09-24
THE IRON TRADE EXPANDING
American Works A-s Crowded With
 Orders for Months Ahead.
VERY HEAVY DECLINE IN COTTON
The Textile Industries Are Not Sharing in the General Improvement to Full Extent-Failures
 For the Week.

New York, September 23.-R. q. Dun & Co.'S weekly review of trade win say to- - morrow:
 Europe will have to consider possible , American demands for money much more anxiously ill the future Doubtless there has been for many years feeling that the new continent could be put oil without promises. But the control of this country ever monay n,arkc-s in the wor.u Is coming to be tht of master. Our banks lend over there heavily when it is the most convent ent market for them, but they draw on Europe when they want money and no longer have occasion to limit the,r drafts.
 Prices for cereals have risen sharp.y, about cents for the week, and the ex- ports of corn, though not as large as last year. have been heavy in comparison win any other year. The price slightly ad- Vanced. The reports from diIierent cities disclose a wonderful activity at the chief centers of western trade, the dispatches from Chicago, St. Paul and St. LOUIS being especially significant. To eastern dealers it may be hard 10 realize that such extraordi- nary activity exists at the west. although their own trade js excellent. Even in east ern markets it is commonly said that no larger trade has ever been known. un,ess in 1892, but the western cities are running things much after their own taste this year, having greater advantages than ever before in heavy bank balances.
 The iron and steel trade expands with a rapidity which throws into the shade all expectations wirh steel famine in Ger many and Gteai Britain in the market for lo'Oo0 tons of plates and the American works are crowded for months ahead. New orders at Chicago cover 1O,U00 tons of plate, tin and bars. besides 1000 tons sold al Philadelphia Rails are in very strong de- mand. Plates are selling everywhere Prices have slightly advanced for plates. bars snS t%r wire 4as. which are in much and for wire nag, which are in much better demand than heIe;oforG.
 The textile industries are not sharing the general hnproV V"n,ent to full extent, in part because the heavy decline in cotton, with lafee ekQcks Of goods acc@;lulating. .~skes the n'h'- disg9qssss to Wait t@r future ue e,opmen,s anu ,ll part be&atse the price of wools is higher than the mills are at presnt disposed to pay.
 BRADsrREET's REVIEW
 New York September f3.-Bradstreet's to- morrow will say:
 Y themselves chiefly along the lines previous ly noted. The importance of large ex- port demand to the countrys domestic ln- terests is illustrated by the improved tone, and prices of wheat and flour this week, growing out of the better foreign buying, induced by less favorable Russian crop re- ports. smaller shipments from that country by American producers Raw cotton.- on the other hand. reflects probabilities or continued plentiful supplies and reported slow demand In quot tations. lower than the lowest point reported in the year of de- precision, 1894 when a large yield was CO., incident with poor trade, industrial troubles and tight money. From the west and northwest advices continue largely In the former cheerful strain. Some relaxa- ton in activity Is perceptible in some lines at large markets. but the volume of trade as a whole is evidently equal to any pre- vious record At the south low priced cot ton and yellow fever ouarantines affect trade adversely. Improvement In one sec- tion bciug counterbalanced .c less favora- hle advices from others.
 Wool is quiet and manufactures are not encouraged to buy heavily in view of the moderate trade in wooden goods.
 Activity in i-nM and steel mapuf acture continues llis sbated and similar conditions are repoi tod abioad 2'alk of further mod crate advances In price has iacIsased par ti.uia,ly as fms ceuntry. geR6Faliy speak E. steel l' inc world The txpqll trsle is In pig if5r ffc,n sau'hern polnts continues 77Sfy 5caEy an4, sn saNanec. :t ?! Seets $
 Improved fetglgn aema9a fer American cereals is ahnwn in thc l'rsc volume of shipments this week. Wheat including flour si,inments. aggregate 1,9s1 ss7 bushels against E.7aes2 husheis In the correspond- ing week Of l2'.
 Cntn exports fo" the woek aggregate 2.- s2Sg0 bushels as acains. 4.d22.142 brs'els in this week one year ago.
 Business failures for the United States during the week number 1s2 against 17S last week, but compared with 2S7 in this week year ago, 32l in 1896, 19S in 1925, and cct i'll 1890.
 Business failures In Canada number 19 against B this week one year ago.
 FINANCIAL REVIEW
 New York. September 23.-Bradstreet': financial review tomorrow will say: