The record-union., 1899-11-25

has been so good that stocks are at a
minimum A good volume of business
is doing in hardware, more particularly
at Western points, and the spring out
look is confidently regarded.
Wheat Qncluding fiour) shipments for
the week aggregate 3,6SS,677 bushels,
against 4.540. .007 last week, 1924, 126
in the corresponding week Of 1898, o.
465, 1913 in 1897, 3,513,69S in 1896 and
=, 46O, ,306 in 1895. Since July this sea-
son, the exports of wheat aggregate
80, 46S,5 ,546 bushels, against S9,124, ,0S3
last year, and 101 ,43S,679 in 1S97-9S
Business failures in the Dominion of
Canada for the week number 3S. as
compared with 10 last week, 27 in this
week year ago, "a in 1896 and 80 in
1895.
Co.'s Weekly Review of Trade to-
morrow will say:
Monetary anxieties have faded with
sales of bonds to the Treasury under
the recent offer, the fall in sterling ex-
change, in spite of the dearer money
abroad and easier here, and the receipt
of about $750,000 net from the inter-
lor during the week. There is no
trouble in the commercial money
market, and there has been none, and
loans on securities have ruled at easier
rates. While the extraordinary vol
ume of business throughout the country
requires greater activity of currency
than in ordinary times, there is no in
dlcation that the volume has not been
ample all the year and the course of
money markets throughout the interior
shows that the embarrassment here has
oeen due to operations outside of the
industries and general trade.
The iron industry shows no yielding
material, but little advance in Besse-
mer pig at Pittsburg, with large in
quiries for next year. Prices of rails
are maintained. with one contract re-
ported of 10000 tons for Japan and an
other pending for South Africa A
single order for car axles covers $500
tons. Structural prices do not yield,
and angles are squoted higher. But
works which have nearly or quite filed
their orders are seeking others with
concessions of 81 per ton in Eastern
plates, 81 in steel hoops and sheets and
IN bars at Pittsburg, while cut nails
are quoted 81 lower. The general ra-
tio of prices for all finished products
is now 2.34 Der cent lower than No
vember lst, though the average for pig
iron is l per cent. higher.
Copper is unchanged Tin has been
depressed to 271a by London specula-
tion Lead is unchanged. Spelter is
lower with rates at 440, and aluminium
is higher at 33c for ton lots.
Heavy orders in the past are reflect
ed by shipments of boots and shoes
amounting to 2S1 ,272 cases in three
weeks, l6-5 per cent more than in
lo9f, and $40 per cent more than in
1884, with other years still smaller. New
business is checked by continuing rise
in prices, which have reached in some
grades 70 per cent. per pair, with one
large contract in grain creole at 221h
per pair advance.
1 Sales in wool pass all records hav-
ing been at the three chief markets 61,-
/ 694,2 pounds in three weeks of No
vember whereas October sales in five
weeks were but 6S,314, $3.50 pounds, and
in only one other full month have sales
/ ever reached sixty million pounds. The
! trading is largely between dealers, and
( leaves no indication of consumption.
The demand for goods continues so
large as to encourage much buying by
mills, in spite of the advancing prices.
Wheat worried spectators, with
/ scarcely any change in prices for the
week Though Western receipts are
80 percent below last years for the
week. and have been in three weeks
but 1866, ,973 bushels, against 2S, 544. :
l99 last year. the decrease in exports is
heavy. From Atlantic ports the outgo
for three weeks flour included, has
been only 7761, ,181 bushels, against H.
26o, ,lo3 last year. Pacific exports for
the three weeks have been 2.712457
bushels, against 3, ,376, 900 last year. The
slender foreign demand in Atlantic
markets. with prices as low as they
have been, tends strongly to prevent a
rise in prices, and the exports of corn
also have some influence. amounting
for the three weeks to II, ,969, CAB bush
els, against 7,752,033 last year.
| In spite of the great decrease in cot
ton and wheat, exports of merchandise
from New York have been nearly 81
| 100000 larger for the week than last
year, and for the three weeks only
about 100000, or 3 per cent. smaller
than last year, when from all ports the
value for the month was S129, 797, ,965.
the largest ever known, except in De-
cember, and the excess of exports over
imports was S11,701, ,137 Apparently
manufactured exports must now be
very heavy. although prices have been
rising, and the increase in imports.
| though about IA per cent. for the
month, cannot reduce the favorable
balance greatly.
Failures for the week have been 191
in the United States, against 1SS last
year, and % in Canada, against 21 last
year.