The age-herald., 1899-09-02
DUN'S WEEKLY
 REVIEW OF TRADE Astonishing Feature is Magni-
 tude of the Demand. 
WAGES ARE MUCH BETTER
Disposition Noted Among the Farmers to Hold Their Grain-Business Failures for the Week
 Have Been l41

morrow:
 The astonishing feature is the magnitude of the demand, notwithstanding prices
 which would ordinarily check it. In prod
 ucts directly consumed by individuals, the larger employment and better wages of the working forces give explanation. Ef- forts to meet the demand call for more stores, manufacturing works and machin- cry and facilities for transportation, as if every mans wages were in part diverted to build up the nations machinery of manu- facturing and distribution. The occasion l promises quick profits, the building is | largely for the future, and it goes on in
 spite of usual prices.
 The demand exceeds the supply of Bes-
 semer pig, again raising the price for that and anthracite to $22.50, southern foundry 1 to $1S,20 at Pittsburg, with heavy sales 1 grey forge to $l9 and South and Chicago l to $2O.65, with local coke a $2l. Structural 1 shapes were advanced $5 per ton week l ago, cut nails p cents per keg this week, l plates g per ton, common bar iron to $1.S715 l at Pittsburg and tool steel to cents, with l large Mexican orders placed for pipe and l good orders for bridges at Chicago. Few works can promise delivery before Decem- l Der, and most of the heavy contracts 1 placed have been for next years delivery. l Recent advances in boots and shoes and l leather don't prevent large business, and | hides have slightly risen at Chicago Ship l ments of boots and shoes from Boston, 5.7 1 per cent. larger than in any other year to date, were HI per cent. larger in August than in any other year and A per cent, ! larger than in 1892. Buyers press for early i delivery, manufacturers refuse many or ders, and some already have contracts far ther ahead than they wish. Leather is a | little stronger, with a heavy business. Sales of wool have been moderate, 6,23S,- 1 700 pounds for the week. Some hesitancy l in buying by manufacturers is attributed to l current prices and in quarter blood washed l fleece anr unwashed and combining light | some concessions have been made so that
 the average of 100 quotations by Coates l Bros., is about 29S against 24O August g. l Mills have strong demands for goods and i the clay worsteds have further advanced. 1 In cotton goods demand exceeds supply l and many kinds have advanced although
 the material has declined. The cotton year 1 ends with spot quoted at GA cents. The
 crop has surpassed all others and with
 commercial stocks here and abroad and
 mill stocks about 600 600 bales larger than | a year ago, the actual consumption of 1 American cotton seems to have been about | ,00O bales, so that crop of 100000 1 bales would leave stocks about where they
 were year ago, if consumption should re- l main the same.
 | There is prospect of increased consump- | tion, but also of yield exceeding 100000 l bales notwithstanding the recent loss. l Wheat has declined mainly because | ports of injury in the northwest have been 1 discredited and the exports from both 1 coasts have been for the week 3,O1O,Ol0 | bushels against 5,795 last year and, for | five weeks, 16, ,114,6S5 bushels against 1885, l S39 last year. The western receipts have l been 195934 474, against 20,3205S5 last year. l indicating in recent weeks some disposition l on the part of farmers to hold their grain. 1 The enormous exports of corn, @,eo2l29 1 bushels against 1899 4S3 in the same weeks I last year and the western receipts 19,722109 | bushels against 1860, ,7S7 last year are not l to be forgotten and have caused a decline 1 of 1 cent in prices.
 1 Failures for the week have been Al in l the United States against I'll last year and l 25 in Canada against p last year. BRADSTREET'S REVIEW
 New York; September 1.-Bradstreets will | say tomorrow:
 | With an exceptionally heavy business al- 1 ready booked for the latter portion of tho year, the mercantile community faces the l trade situation with confidence testified 10 l by very generally firm prices and with quo- | tations in a number of lines showing fur | ther marked advances.
 l The most conspicuous exception to this l is found in cereals, which are weak and l declining Lower prices for wheat, corn I and oats point to speculative liquidation l of tired holders, who, with confidence in l the future of prices, have weakened under
 unsatisfactory foreign demand, large re- | ceipts and the near approach of expected | heavier crop movement. The corn crop, l though less rosy, continues to point to l full yield. Cotton, too, has Weakened | slightly, chiefly because of advices of rain l at the south, though Texas crop advices are still unsatisfactory, and stories of per- l manent damage are forthcoming With l these exceptions most staples are either 1 firmly held or evidence decided progress up- ward, notably in this latter respect being | iron and steel of all kinds, but particularly | pig iron. which now is the center of trade l interest, owing to heavy demand, particu- l larly for foundry goods at advancing prices. 1 There are reports that seem to indicate that good part of the productive capac- l ity of the country is already engaged for | the first half of 1900. Sympathetic strength | Is evinced by other classes of material among the materials advancing, this being | bar iron at nearly all markets, steel bdl-
 let's, rolled iron and steel, tin plates and | nails.
 From the manufactured textile trade, ex- | ceptionally good reports come. August wit
 messed general gain in the prices of cot-
 ton and woolen goods, evidently the out
 come of active demand, judging from re-
 ports from leading cities. Scarcity of ma
 terial and backward deliveries of same are
 reported by clothing manufacturers at
 many points north, west and south Among