The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-09-09

vaneed in some cases $500 per ton az n
time without checking the demand, as for
sheets at Plttsbure. with plates advanced
s200 and wire nails $500 per ton.
Large contracts even az these prices are
reported. many running into next year.
IN Chicago and PittsburE In bars. and In
plates ot ;1l points, with 5000 tons west
ern and large oastom bridge contracts
taken by works four TO five months be-
hind already and inquiry for % miles OF
pipe ln South Africa pending.
Tin ls trong at 32h cents FOR spot, with
25j tons decrease all visible supply.
Preparations for other wooden combi-
nations affect the market for goods some.
whnt which is nevertheless strong. AL
though some irregularities have develop
ed ln worsteds. The wool market ls mucr
less active than OF late with sales OF
only 226 200 pounds ut the chief markets.
mostly territory. and while prices aIe
stln manufacturers are buying only for
inmoilntc needs
Quotations for the week are unchanged
but holders are confidently looking for n
large advance TO result from The London
sales
Failures for the first week OF septem-
ber have been s7l5bGO. against I'm bsa in
last year: manufacturing s2l2 25s. ngainst
s22i602 last year and trading sie6. 3is. as
against t7Os,N9i last year
Failures for the week have been 1872 IN
tho United States against iGi last year.
and 80 IN Canada, ags,inft i6 last year.
BRADsTREETss FINANCIAL
New York Sept -Bradstreet'n Finan-
clal Review tomorrow will say:
White NY no means a broad market. the
speculation ~ the past week has been OF
IL very interesting description. II was
largely OF n professional kind. though the
erratlc performance OF some OF the stocks
which have been subjected TO manipu-
luuon by bulls pools attracted certain
measure OF public buying Toward tho
end of the week the market assumed an
overbought appearance and inclined Ia
give way under the pressure Induced BY
% stenulng IN the rates Tor money and
the more threatening aspect Of tho Trans
vaal question abroad In the latter con-
nection II may be noted that while Lon
don has lncrens,i It's speculative holdings
-of AFpericin securities there are not be-
lirved 10 be any very large amounts OF
such holdings to be thrown on our mar
ket in case of acute trouble.
II is held that the foreign markets have
war supervone tho effect on the London
money market or prices there would be
slight In spite. however, OF the situation
having thus been partially discounted. "
has created nervousness in international
banking circles and was reflected IN the
speculative market here by an Increased
uumllingness 20 take any decided posi-
ton. The advance IN tho rate FOR cail
money 10 sac. per cent seem sto be the
natural outcome Of the steady absorption
of money In business activity. LIST Sat
urdays bank statement was construed
fav0rably because n shiwed smaller de-
crease IN the surplus reserves than had
been anticipated. The belief is however
that the banks have been steady losers IN
cash THIS week. both TO the treasury anG
tho Interior. and that to,iay's bank state
ment may be positively bad one. The
rise In call loan rates was accordingly a
factor ln producing the moderate conces-
slom thnt tho list genorflly exhibited the
last two days Not "a little confidence wae
shown iu the temper AMI tendency OF
Hpecul8tl1n. based ON the Fact that the
crops are now safe and that general buaI-
uo l8 iu such a favorab.e and profitable
roudt.lil Above an the boom In The Iron
Industry and The large p9onta which c0n-
Germs engaged IA Il are now making aas
stimulated "a speculative movement lH SCI
urltlos n that class. The features of
tho week were the fsp,d rises OF stock.
Tho railroad stock list was not a. active
as the iron and steel stocks but a good
dead of strength was shown BY The Van
derbilt and ranger properties,