The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-09-29
BRADSTREET'S
REVIEW OF TRADE
Fall Trade Good With AgricuI-
tural Products the Feature.
DRY WEATHER Is HURTFUL
Market Business Failures for
the Week of Five Days
Have Numbered 131

New York, September 2S.-Bradstreet's
will say tomorrow
The notable feature of the business sitna-
ton IS the strength of agricultural pro-
ducts, notably the cereals and cotton and
pork products. Fall trade continues good
though it is conceded at several markets
that the biggest part of the fall business
has been done and that recorders from now
on will cut the largest figure. Weather
conditions while favorable to cotton har-
vesting are claimed to be hurtful to fur
Their growth because of dry weather. Out
side speculation interest in that staple,
short covering on foreign account and the
exceptionable strength of manufacturing
industry, the products of which are in ac-
tive demand and tending upward, are all
reflected in the rapid advance for both
futures and spots, Visible supplies while
considerably lar.&r than in recently pre-
ceding years are slightly smaller than they
were in 1895, since when consumption has
unquestionably heavily increased. Mid
ding uplands are now * cent higher than
at the beginning of the month, ~ cents
higher than last year and cents above
the lowest point reached on the 1889
crop. The extension of the price agreement
as regards print cloths, the new one, how
ever covering all classes of the product,
has strengthened the situation in cotton
goods and at the same time is credited
with presenting obstacle to the progress
of the proposed combination talked of for
some time past.
Wheat has remained steadily strong,
growing flrmer toward the close on en-
la Of b,1V nd int
to the outcome of South Africa affairs.
Sympathetic strength is displayed by corn
and other cereals. Increased foreign de-
mand is reported largely responsible, too,
for the stronger tone and advances shown
in hog products. Wool has continued
strong and in active demand both at home
and abroad. Some American buying is re-
ported at the London sales, which will
close earlier than expected owing to the
exhaustion of supplies. In the manufacture
ing branch of trade demand is reported ac-
tive.
laere is quieter tone at most markets
for iron and steel and most large buyers
have been out of the market. There is no
diminution in strength, however, and a
number of advances in southern iron and
steel bilets to be reported Complaints
OF backward deliveries are as numerous as
ever. Lumber remains active at most mar
kets though complaints of slow delivery
due to lack of capital are also heard
southern manufacturers have again adj
Nanced the prices of stoves, which are now
nearly one-third higher than a year ago
and plow manufacturers have also Joined
III this movement, making the third add
vance within year in this branch of farm
implements.
An equally strong tendency as to prices
Is noted in hardware, particularly in build
ers grades
Wheat, including flour, shipments for five
days aggregated 3,2255OO bushels against
1900, 100 last week, 5,SO6,S79 bushels in the
corresponding week of 1898; 1854 946 BUSH
els in 1897; 4215,974 bushels in 1896 and O..
el3,S66 bushels in 1885.
Since July l this season the exports of
wheat aggregate 1896 $50 bushels against
4i,943OO0 last year.
Business failures in the United States
Tor hVe days number 131 as compared with
la last week, loo in this week a year ago
lS9 in 1887, 325 in 1896 and 245 in 1895
Business failures in Canada for the .1vael,
OF nVe days number II as compared win
10 last week, % in this week a year ago
% IN 1897, % in 1896 and 81 in 1885