The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1898-08-06
BUSINESSLOOKING UP
Peace Negotiations Having q
Good Effect on the Com
mercial World.

{ with the generally expected beneficial ef-
fects Il is hoped will flow from the open
ing up Of new markets in the lands added
10 the national domsin. seem TO increase
az the summer wanes That the improve
ment. while, as yet admittedly one large
~ OF sentiment. Is not entirely so CON
fined however Is proven by reports of p
stin further Increased distribution OF sta-
pie goods IN the west. northwest and
! southwest, where the excellent crop slt-
uation has rendered harmless the sup
pOsed benumblng effects of war SO fai
as the crop situation is concerned She
past week furnishes not the least notable
contribution of the year In reports com
ing from the great surplus corn pioduc-
/ ing states OF beneficial rains checking q
deterioration which threatened material
damage to this most widely grown and
IN trinsically valuable Of the country's ce-
reals while the tendency generally IS 10
eoncede some dlminuton I'm the corn
yield as a result Of the recent drought
the steadiness Of the price of that ce-
real bears witness TO the willingness OF
the trade to believe that some failing on
in this years yield can be safely per
mitted. IN view OF the bumper crops Of
recent years.
Another encouraging feature OF the
week has been the pyrcepubl growth ga
strength OF the iron and steel situation
partly as the result II is claimed. of the
hoped FOR approaching close OF hostiitles
but partly also as the result Of an active
demand on domestic and .oreigu account
for nearly all forms OF these metals.
Particularly notable is the demand. more
especially IN the central west. for iron
for agricultural implement manufacturer
and for steel rails and plates for export
or for domestic ship building Firmness
In prices is feature Of particular inter
est, in view Of the enormous production
OF pig iron early In the year. and appar-
emily reflects the going into consumption
Of most Of this immense production. leav-
ing stocks generally WITHIN cont.orable
limits Encouraging export demand FOR
our cereals, great steadlness OF prices
largest recorded midsummer bank clear
ings and fairly encouraging railroad
earnings Notwithstanding the willingness
OF farmers to accept cereal values. are
additional encouraging features Of trade
at the present time.
Prices are quite generally firm or tend
ins upward. IN spite Of the midsummer
quietness Ia MANY lines Of trade. As "a
result OF operations m July 22. or about
one-third OF all staples. advanced iu wall
ne q declined. while a remained steady
or unchanged Advances ia many ce-
reals, except wheat and flour. live beeves
and hogs, number OF provisions. dairy
products and groceries most raw tex
tiles except cotton; petroleum rubber. al
oohol. opium and quinin- are features Of
the months operations. Important de-
creases, aside from that in wheat. sre
found In some few makes OF iron and
9t''is Sumo "Ah'l Hh'AalH anu lh bhiulht
lumber. Compared with August one year
ago. &C out OF lOi staples are higher. 20 are
lower. and nine are unchanged so that IL
may be said that compared with "a year
ago there have been more than two ad-
vances for every decline reported
Wheat shipments for the week. -four I'M
ol,,dea q. a usbaat asrs,r..,. o. Al ttt 400 t...t.
els as against 227I S7g bushels last week.
and compared with ssOS Az bushels ia this
week year ago. 2747 $50 bushels Ga the
corresponding week OF 1886. $50 562 bush
els IN 1895 and s4l7.2O0 bushels in lsgt
/ Since July I this year the exports OF
! wheat aggregate "a .326. ~ bushels. against
iG .O24 bushels last year. Corn exports
/ Tor the week aggregate 2.s56s22 bushels.
/ as against 2.GOls2l bushels last week.
s.22s,s ,sS5 bushels In 1891 l.251is3 in 1886:
llO6, 40 IN 1895. and 226.lO0 bushels IN 1885,
Since July ] this year exports of corn
aggregate ls,5li 1872 bushels, against l2.-
46l 2O6 bushels last year
Business failures IN the u. s. are az a
minimum numbering iss Identical In num-
Der with those Of last week but compar-
ed with zi4 In this week a year ago: 2l6 In
1886. 2os In 1895 and ls7 ia 1894
Canadian failures number % as against
"a Last week Al In this week year ago.
IS IN 1876 81 In 1895 and 90 IN 1854
New York, Aug. 5-Bradstrests Finan-
ciai Review tomorrow viii say.
Peace negotiations and the better out
look for the corn crop. have brought a
change In speculative conditions. The
stock market has been broader and shows
the presence Of increased public participa-
tion. Prices have tended 70 advance. and
though the Industrial securities bore an
important part IN the weeks movements.
renewed attention has been paid 10 tho
railroad shar llst. and the grangers stocks
have resumed their position OF leader-
ship
Bonds have been active and strong
governments showing decided dissosi-
tion 70 advance The new per e-at war
bonds are the object Of a decided buying
demand. and touched SlOs4. while other
classes OF L. s. securities have been