The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-07-29
BRADSTREET'S
REVIEW OF TRADE
Weather Conditions Exert Natur-
al Effect on Business.
PRODUCTION OF PIG IRON
Liberal Rains in the South Have I'M
proved the Cotton Prospects
Business Failures for the
Week Were ITO.
PRODUCTION OF PIG IRON

New York, July 2S-Bradstreets tomor-
row will say:
Weather conditions exercise their natural
effect upon the volume of current business
which is. however, larger than a year ago,
and restricts speculation, therefore limiting
the volume of bank clearings, without
however, exercising any particular influence
upon prices, which display nearly all their
old frmness, and in fact show still further
advances in several lines. Official statis-
tics of pig iron production for the first nail
of 1899 point to the largest production on
record, having been insufficient to offset
the current demand, and stocks at the close
of the half year are far below what they
were at the opening or at this time one
year ago. Special activity in the iron and
steel industry is reported at Chicago, where
heavy advances have been made in finished
products and numerous shipments are re-
ported not only to Ohio and Pennsylvania
but as far east s Boston Every blast fur-
mace In the Birmingham district Is expect
ed to be In operation by the advent OF au-
tumn but the production for the latter part
of the year of 1899 which promises to be
enormous, has all been booked. The glass
trade is reported particularly active, and
conditions in that industry are said to be
the best for years past The cereal markets
note the change in prices, but trade opin-
ion seems to favor steady demand and new
fluctuations in view of admittedly large
necessary takings by foreigners. Liberal
rains at the SOUTH particularly in the At
lantic coast states, have improved cotton
ligb CHI in nripp is
to be noted for the week.
Among the metals, tin has displayed ex-
ceptional strength, largely in sympathy
with heavy advances abroad, claimed to
have a legitimate basis in heavily increased
consumption without corresponding out
put of the raw material Smaller arrivals
and heavily reduced stocks of raw mate
rails added to the large sales of refined,
have resulted in an advance on the former
product.
Lumber is strong in price and some build
ing operations are reported interfered
with. Northwestern shipments of white
pine are reported very heavy for this sea-
son.
Tobacco is firm and irregular; leaf scarce,
pointing to good prices being realized by
holders. Among the textiles cotton goods
retain their strength. Fall demand for dry
goods is increasing, but complaints of
slow delivery are more frequent. Manu-
facturers of wooden goods purchasing
more freely of the domestic grades, and
prices tend upward, although there is less
speculative buying reported at the lead
ing markets.
Failures for the week number 10, against
259 in 1897, 294 in 1896 and 221 in 1895.
Canadian failures for the week number
IS, against 10 last week, "a in this week
year ago, 80 in 1897, 81 in 1896 and "a in 1895
Wheat, including fiour-Shipments for the
week aggregate 1864 bushels, against
34OS, OS3 bushels last week, 2,371,S72 bushels
in the corresponding week of 1898, 2,343,021
bushels in 1897 las bushels in 1896 and
1860, 917 bushels in 1895.
Since July l this season the exports of
wheat aggregate 13,797,292 bushels, against
10,312,S10 bushels last year, and S,346,547
bushels in 1S97-9S. Corn exports for the
week aggregate 3,7OO,S2o bushels, against
3,666294 bushels last week, 2,6O1 s21 bushels
in this week a year ago, 1,4S2,7l5 bushels in
1897 ,495 S12 bushels in 1885, and 594, S65 BUSH
els in 1885, Since July / corn exports ag-
gregate 16,017497 bushels, against 1857 400
bushels during the same period year ago,
and 9237, 321 bushels in 1S9S-97