The herald., 1898-01-15
Total

1 J. .. l,UU
Nine releases under $1,000. 1880
| Bradstreet's Report
NEW YORK. Jan. H-Bradstreets' to-
morrow will say:
| Distribution of trade remains rather qui
ct, mild weather throughout the country
| tending to check distribution of winter
goods. Prices generally remain steady or
| tend upward, except for some grades of
| iron. and orders for spring trade. where
| received, are encouraging. Industrial ac
| tivity is most manifest at the west, where
| the demand for iron is very large. A fea-
| ture of the week was the placing of an
| order by one railroad for 100000 tons of
steel rails, with smaller orders, aggre-
eating in the neighborhood of $1,000 tons
| more Pig iron production Is now at an
unprecedented rate. the furnace capacity
| being estimated at 10000 tons a month
| At the south, manufacturing activity Is a
| feature, sales of iron being very heavy.
| A good export trade for cotton and grain
at steady prices is feature. At the east
number of strikes against wage reduc-
| tions are reported or expected in the cot
| ton industry. Some wooden mills working
| on heavy mems wear goods are refusing
| orders, their capacity being fully booked
Anthracite coal productions is such that
l
strcted sufficiently to allow of the advance
of 20 to 40 cents per 1000 being maintained
| The weather has been disappointing at the
northwest, but an Improvement in the de-
| mand developed at some centers as the
week advanced.
| The rush to Alaska has already begun on
| the Pacific coast. Freight charters are
| reported lower. Export trade continues
| large, gain of per cent on the total ex-
port of breadstuffs, cotton, mineral ores
cattle and hogs and provisions being shown
both for December and the calendar year.
The recent falling off in wheat exports
| prove, as was anticipated last week in
| Bradstreets to have been due to the usual
| holiday quiet, and not to any falling off of
| demand from abroad. The total exports
| of wheat (fiour included) from the United
| States and Canada for this week amount
ed to 5,135 166 bushels against 8, ,4S1 900 bush
| els last week. 3,94S,O00 bushels this week
a year ago, and 3,3o2, 900 bushels in 1896.
| Corn exports for the week show gain
Of 100000 bushels, amounting to 4,641 900
| bushels, against 900 last week, and
| 1886, 900 bushels in the corresponding week
| OF 1896
| AS was expected, the failures are slight
| ly decreased in number, amounting to 1928
against 333 last week. AIS in the week of
| 1897 412 in 1896. 37S in 1895, and 40i in 1894
FINANCIAL REVIEW
Bradstreets' Financial Review tomorrow
will say:
Both speculation and investment have
been active during the past week. The
best feature of the market has been the
very heavy dealings in bonds at generally
higher prices, both for the high grade and
| new and more speculative classes. Trans
actions, rising as they have to $34, 900 900 or
| S35. 900 of bonds on the stock exchange
with the trading distributed among an
unusually large number of different issues,
would indicate a large demand for invest
| ments and the growth of confidence in re-
| gard to the position and future of the mar
ket. The stock list also displayed a
| marked increase in the volume of dealings
with an advancing tendency. There has
been considerable speculative manipula-
tion, but the purchasing of stocks by COM
| mission houses was feature, and though
London has shown a disposition 10 SELL
buying by German interests in this market
was considerable. Professionals have re-
| allied from time to time in anticipation of
a reduction, but were to some extent con-
strained to get back stocks at higher fig
ures. The first serious interruption to
the bullish tendency was on Thursday
| when reports indicating that trouble with
Spain would result from a riot in Havana
| caused selling of long stock, though the
| market rallied when such fears were shown
to be unfounded.
The strength of the list generally was
materially affected by the decline i'm
American Sugar Refining, due to the an
| nouncement made at its annual meeting
that the company's surplus would not be
distributed as extra dividends. The indus
trial stocks were in part quiet and the
bullish demonstrations and activity CEN
| tered in railroad shares, the Pacific group.
the local traction shares and the Wander
bilts taking the most prominent place.
Dun's Review
NEW YORK, Jan. AR. G. Dun & Co.'S
Weekly Review of Trade will say in its
issue Of tomorrow:
The year opened with very satisfactory
prospects. 1t is all the better that there
| is no wild excitement in the speculative
| markets. and while stocks advanced lit
tle grain yielded little. The payments
| through principal clearing houses not
| withstanding decrease at New York, ow-
| ing to less activity in stocks are 26 per
cent larger than in 1892, and 101 per cent
| larger outside of New York The earn
ngs of all the railroads in the United
States reporting for December are s43 364
219. indicating substantially the same rate
| of increase. exceeding last years by 1O.5
per cent, and the earnings of 1892 for the
| same roads by 1.3 per cent.
| Since 1892 was on the whole the most
prosperous year thus far. comparisons in
dicate. Notwithstanding the lowest prices
| ever known, that the volume of business
| Is larger. and in spite of some cutting of
rates, the earnings of railroads are larger
than In the best year of our past history.
| The wheat market has been curiously
languid, yielding Nc, although Atlantic
exports amounted to 6,056,7SS bushels for
the two weeks of January. against 8, ,S96. .S17
bushels last year. and Pacific exports for
the week have been 1875 bushels East
ern receipts continue so heavy that, with
the greatest accumulation of wheat at
Chicago ever known. there is little en-
couragement for speculation. Receipts
were 5,5T,25O bushels for the two weeks,
against 3.Os9. .6SS bushels last year.
The iron furnaces in this last January
report an output of 226,60S tons weekly,
against 226,0A weekly December 1st, with