The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-26
PRICES STRONG.
DEMAND STEADY.
This Seems to be the State Of the
Trade Situation.
FALL DEMAND IS EXPANDING.
Aggressive Strength and Firmncss
Noted in Iron and Stecl-Active De
mand for Lumber an Addition
ally Strong Feature.
FALL DEMAND Is EXPANDING.

NEW YORK, Aug. 25.-Bradstreets to-
morrow Will say:
Strength n prices and steadincss Of de-
mand are stu the salient features OF the
uale situation. Iron. steel and other
rctais. most Of the cereals. leather and
cotton goods manifest upward tendencies
as Co price other staples. with the eX-
cepton OF sugar and anthracite coal, Ie-
tanned an their old hrmress. Fal de-
maud Is expanding al most markets, PAR
tcuar good reports being received from
the northwest and that portion OF the
corn growing country which TINS year
seems likely 20 be notable for surplus
production. Aggressive strength and
hruuess is nOtel IN iron and steel, pruc-
u,ar,y no central and western markets.
Consideration OF next years needs now
seems to 5c the most prominent feature
OF the trade. aside from complaints Of
slow deliveries on nearby orders. Fore
most in advancing IS structural material
which has moved zap s. per ton, closely
followed by steel biIlets with an advance
of So. and steel rails and nearly an grades
OF pig iron with smaller relative gains.
Other metals show sympathetic strength,
notably IN this respect being TN and lead.
CEREAL TRADE.
Among the cereals. wheat has been
quite firm an week. partly owing TO
whiting down of northwestern estimates.
but also due 10 steady demand FOR the
cash article alike on foreign and domestic
account.
The relative scarcity OF cash corn IS re-
spOnsib.e for the advance shown this
week in the face or a cOncedediy large pro-
ductlon. The shadow OF the Nell esu-
mate Is stll over the cotton market
which however. is hrmer. owing 90 re-
ports Of deterioration due 20 heat and
drought and partly 10 exceptionally good
reports from manufactured goods. quo
tations OF which are tending upwards.
A sudden cut in the prices Of rehnei
sugar has led to the impression that the
sugar war will be reopened in all It's
ferceness.
Additional strong features I'm the gene
raj trade situation are the active demand
FOR lumber an most markets an steady
prices and the frmness in the higher
grades OF wool Notwithstanding Jess ace
tive buying. A supporting feature n this
latter case. however, SIS the excessive de-
mand reported both for mems and wo-
mems wear w0ollens
THE RISE ~ BEEF
Conditions Of supply and demand seem
to be at the bottom OF the recent rise in
beef prices This advance has attracted
Increased receipts Of grass-fed cattle and
some shading Of quotations SIS noted. but
Chicago prices have only been equaileI
five times bon twenty-five years. There
are nearly 100000 Jess beer cattle in the
country than there were seven years ago
and I'm fact there arc fewer cattle in thc
country now than IN any year since 1852
Reflection Of the smaller supply OF hides
and Of the active demand for boots and
shoes Is found I'm higher quotations for
hemlock sole leather at some markets.
One Of the least satisfactorily situated
trades Is that Of anthracite coal I'm which
production appears 20 have outstrippcl
consumption again. and there is com
plant of price cutting.
Wheat including -Four, shipments Tor
the week 3.3i3S 25 bushels against ioW0n
bushels last week. 3563.476 bushels I'm the
corresponding week Of 1898. 5.1fqCS2 bush
els in 1897. 32I.S54 bushels IN 1896. and
!. S7l 92S bushels in 1895.
Since July this season the exports OF |
wheat aggregate 2950SS94 bushels against |
p 916 752 Bushels last year and 25s2g99 in |
Is97I9S
Corn exports for the week ASCOT bush |
'ls against 553l i05 last week 24e,93 /
bushels IN this week year ago. 261- }-2 |
bushels I'm 1897. 26l03N bushels in 1896. |
md 1.12i526 bushels I'm 1896
Since July 1st this season. corn OK |
ports aggregated 37l23 O4S bushels against |
2s1L&9 bushels during the same period |
year ago, and 29J bushels in /
Sq7-'sS
Business failures for the week NUM- |
Der 175 as against 172 last week and in
his week a year ago 2l0 IN 1897. 800 ia /
sq6. and 100 I'm 1896
Failures iu the Dominion ~ Canada
or the week p as compared with 90 last
week q in this week q year ago. 90 in
500, 81 In 1896 and A. in 1895