The San Francisco call., 1898-05-28

NEW YORK May 27-Dradstreet will say tomorrow A total volume of business fully proportioned to or in excess of that usually noted at this season of the year Is indicated by reports to Bradstreet's this week. The ex- captions are generally where weather condi- tions have made for irregularity and per haps dullness In most sections or the coun- try the situation generally remains satisfac- tory. The volume of bank clearings, as was to be expected, shows the contraction usual to- ward the close of the month of May but with few exceptions the crop situation, the volume of railway earnings and the reports from a number Of leading industries point 10 maxi mum volume of business doing in most parts of the country. Relatively the best trade re- ports continue, as for some time past, to come from the Central West and Northwest. where the outlook. both as regards crop yleid ana d agricultural interests. The wheat situation shows little change in the week, but these and company. as shown by the increased stringency of prices of wheat for immediate use, pointing to unimpaired strength in the near statlStlcai position, while, on the other hand, the large yield foreshadowed tends to easiness in prices for next years crop deliveries. The price ot corn reflects less anxiety about the crop; m duced by the return of weather favorable to planting and growth. Weather conditions do weather being complained of throughout most of the Southern and Gulf States. Reports from the iron and steel industries of very large business being done by the mills and furnaces. The demand for merchant iron and bars Is re- ported very good the latter particularly being a reflection of free buying by manufacturers of agricultural implements who report heavy orders based upon flattering cereal crop pros pros poets. The market for .pigiron Is rather more quiet and prices at leading centers show some shading confidence in a future large business, however. being as yet unimpatred. Signs ac- cumulate that the long -looked-for improvement in the wool trade is nearer realization, rather more business being reported at most Eastern markets. This in part, is a result or good buying against contracts for Government work and partly also an outcome of the frmer tone and slightly increased activity at Western markets, where prices are reported hrmer.
 Cereal exports still continue unprecedently heavy. wheat shipments for the week aggre- gating 4.sOs 3s bushels against 4,0s4 900 bushels last week. 2,0Sl 000 bushels this week year ago. 2o64. .O00 bushels in 1896 and 2,426,000 bush els in 1895. Corn exports are among the largest record. aggregating 6.l64, i56 bushels this week. against 5.55o 600 bushels last week. 2 1855 000 bushels this week year ago. l. I2Q. coo bushels in 1896, 100000 bushels in 1895 and SIP 000 bushels in 1894.
 Business failures in the United States this week number 231, an increase Of 20 over last week. but compared with 257 this week a year ago. PIT in 1896 and 1S3 in the corresponding week in 1885
 Business failures in Canada this week num- Der IS, only one-half those of last week and compared with 20 this week a year ago, 25 in 1926 and 36 in the corresponding weeks of 1895 and 1894