Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1899-09-07
BUSINESS UNUSUALLY HEAVY.
Cereals weak and Declining But Most
staples Are FIRMLY Held.

New York. Sept 1-Bradstcect's to-mor-
row will say:
with an exceptionally heavy business al
ready booked for the latter portion of the
year the mercantile community faces the
trade situation with confidence. testified
to nv very generally ficm prices and with
quotations in n number OF lines showing
furt her marked advances. Tho most con-
spicuuus exception to this IL found in &C.
reals. which are weak and declining. Low
cr prices for wheat, corn and oats point
10 speculative liquidation of tired holders
who with confidence in the future of
prices have weakened under unsatisfaC-
tory foreign demand larger receipts and
the near APPROACH of expected heavier crop
movement Corn crop prospects, though
less rosy, still point to Il fun yield. Cotton
too. has weakened slightly, chiefly be-
cause Of adviccs of rains at the south
though Texas crop advices are still unsat-
isfaCtory and stories VI permanent dam
age are forthcoming. with these cxccp-
tons, most staples arc either firmly held
o. CViuCc decided progress upward nota-
bile in this latter respect beng iron aud
steel of all kinds. but particularly pig iron
which now is the center of trade inter-
est owing to heavy demand. particularly
foe foundry grades, at advancing prices.
Trade reports would seem to indicate that
Il good part of the productive Capacity of
the country is already engaged for the
eral gain in the prices If cotton and wool
len goods violently the outcome of active
demand judging from 'eports from leading
cities.
q scarcity of material and backward dc
livercs of same are reported by clothing
manufacturers at many points, Notlh,
West and South. Discussion Of the pro-
posed consolidation of Fall River mill it,
tcicsts has been less marked this week,
but there is confidence in some circles
that something of the sort Viii ultimately
transpire Among other textiles strength
is specially notable in nemp III sympathy
With London. whence comes reports that
Philippine shipments Will shortly cease.
Increased strength has been impaired to
hides and leather this week "y tn" iaunch-
ing Of the new upper leather combination.
Boot ana shoe manufacturers arc active
lv employed but the margin of profit IS
reported to he exec dinghy small uwint: to
keen compct ition, and this. among other
reasons, may hc responsible for the fu-
mors of a great GCmbinatior -! shoe man
ufacturC RS projected. Lumhcr retains all
its old activity, and in some lines maui
tests new strength as regards prices. Tho
refined sugar war apparently sin con-
tinues. one result being the stimulation
of consumption to notable extent. Bus
ircss failures for the week are the small
Csc reported for long time. numbering
only 13l as compared with IA last week.
l6i in this week a year ago, 1N in 1877 326
in 1896 and 1St in 1895.
| BANK CLEARINGS.
New York. Sept. Bank ClcarnEs at
the principal cities in the United states
and Canada as tclegraphe1 Hradstrcct's
for the week ending August q, were as
follows:
Totals for the United States, s.ii5.5 I;
I increase. l3.9
Total outside New York. s533 3S5 90: in
crease, i6.9.
Totals for the Dominion Of Canada, $2i
9SG929; increase, III.