The record-union., 1899-09-23
Satisfactory Trade and Price Con-
ditIons Still Reign.
Favorable Reports Received From Almost
All Sections Of the Country.
Prices as a Rule Maintain All
Their Former Strength, De-
creases Being Few and Rela-
lively Unimportant-Strikingly
Good Reports From Most Lines
of Manufactures.


of Manufactures.
NEW YORK, Sept. -. Brad
streets" tomorrow will say:
satisfactory trade and price condi-
tions apparently still reign. So few, in
fact, are the reports of poor trade that
favorable reports may be said to be
almost unanimous. An expanded vol
ume of fall trade is indicated by the
aggregate of bank clearings for the
week, though reports from some mar
kets point to the greatest rush being
made. Prices as a rule maintain all
their former strength, decreases being
few and relatively unimportant In
several lines, notably cereals, cotton.
petroleum, iron and steel, the tendency
is favorable toward higher levels.
Steady demand for export and conf
dence in all of the years crop being
needed have proved stimulating in the
face of heavy receipts and admittedly
large present supplies. The possibility
of war in the Transvaal, too, has been
an additionally Strengthening feature.
Iron and steel are higher.
The scarcity of beef cattle is re-
flected in still higher prices, and
strength is shown in domestic hides,
which also feel the impetus of steady
demand from manufacturers of leather.
No signs of abatement in the sugar
war are to be seen. Price cutting is
active, and prices are demoralized. 9th
er groceries, however, are firm, as are
most other lines, with the exception
of oh
easing in price from the recent ad-
vance.
Most lines of manufacturing return
strikingly good reports, notable in this
respect being cotton and wooden goods.
Complaints of backward deliveries of
cotton goods are common, while in
woolen goods a number of mills report
their order books filled for spring de-
livery and have withdrawn from the
wool market.
Wool is higher at London, and sym
pathetically stronger here, and the ex
pectation of good export trade for fine
grades of domestic is entertained.
Wheat Gncluding hour) shipments for
the week aggregate 4,630. 165 bushels.
against 1896, ,552 bushels last week,
:, 224, 927 bushels in the corresponding
week of 1898, 5,70S, ,S25 bushels in 1897,
$3.50, 455 bushels in 1896 and 3,15l.09F
bushels in 1898. Since July, this sea-
son, exports of wheat aggregate 49,
643, ,450 bushels, against 41,694, ,01S
bushels last year, and 50,310,525 BUSH
els in 1S97-9S.
Business failures for the week are
147, as compared with 1872 in this week
FosI frY. no
week number 13, as against 10 in this
week a year ago.
NEW YORK, Sept pr. G. Dun &c
Co.'S Weekly Review of Trade to-
morrow will say:
The reaction in the stock market is
not a sign of anything outside of the
market, but has set many to look for
signs of a reaction elsewhere. Such
signs have been hard to find. 1t has
been for months wonder that the de-
mand for products was sustained az
rates exceeding past consumption in
any year, notwithstanding the general
rise in prices.
But the demand does not appear to
abate, and the rise in prices continues.
A partial explanation is that scarcely
any class of products directly con-
sumed by individuals has advanced as
much as the wages and employment OF
| labor But products used in manu-
featuring and transporting have ad-
vanced more, because of the enormous
increase in volume of business done
and in anticipated business for the
future. Higher prices cause shrinking
demand other things being equal, but
| this year other things are not equal.
Wheat exports fall a little below last
| years. but in three weeks (fiour in
| cluded) have been S,566,S77 bushels
| from Atlantic ports, against 9,293,3SO
bushels last year, and ,021 ,99S bushels
/ from Pacific ports, against 9O7,96l last
year. But Western receipts have been
/ q, ,759. .S52 bushels, against 23,O99,o9i
/ bushels last year. Prices moved little
either way until Friday, when sharp
advance made. the weeks gain "a.
! When men pay $B and $5 more per
| ton than the latest quoted price for
/ iron products in order to get early de-
! liveries. it is because delay is threat
/ ened on works or railroads or bridges,
vessels or machinery, promising net
| profit many times the cost or small
! fraction of the material. In such cir
| curnstances, as in much of the recon-
| struction and expansion now going on,
present cost counts for little compared
with the earning power of the hnlsned
| product in time like this.
The American Woolen Company mas
announced that the whole production
of all it's worsted mills has been solo,
which may give unexpected opportunl-
ties for other mills. It's contracts lor
a great quantity of machinery lnolcate
a belief that within it's field the demand
for goods will much exceed the eapac-
ity of it's works. Prices have peen
firm with wool stronger since the gen
eral advance at London. Sales at tne
| three chief markets were l5, ,445'ooo
i pounds.
Failures for the week have been lot
/ in the United States, against lI3 lasr
wear. and in Canada Is, against 10 last
year
DETROIT, Sept. 22.-Two hundred
iourneymen tailors went on strike to-
/ dav hecause their demand for a 10 per