Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1899-09-12
FINE OUTLOOK.
Evidences of National Prosperity From
All QuarterS.

=
cloudless and no disquieting change
has come during the week. In spite OF
more warlike news about South Africa
the Bank of England behaves as if the
worst possible had been provided for,
and this country has no reason 10 fear
trouble from that source unless English
markets have so overloaded as 10 need
help. The marketing OF domestic prod
continues surprisingly large for the
season. The new possessions, taken 20
gether. already are turning in revenue
more than it costs to clean and govern
them. The west and south still behave
as if it would be inpertinent in New
York to offer money for crop moving,
and are still bidding for commercial
loans here. Failures are few, strikes
scarce and readily settled, and the pas
sage of Sept. without pressure means
reasona Bile safety for months ahead.
The foregoing resume of present BUS
mess conditions i'll the United States is
CLEANED from r. G.. Dun & Co.'S Weekly
Review OF Trade. issued today. The
Review continues:
Cotton has risen three-siNteenths
since annual reports, regardless of
these and owing to cad accounts from
Texas. The crop of 1898, according to
the Financial Chronicle, was IL ,235, ,3s3
bales against 11.1s0,969 in 1897; south
ern consumption. 1,4s0,0a6 bales, and
northern spinners' takings 2,247,o7a,
and stocks on hand at the end of the
crop year 392,2sD bales, with 3,600,360
visible and invisible carried over in all
countries. These figures fully support
estimates that smaller crop than is
probable this year will suffice, bur the
market lust now declines to consider
anything except that southern reports
indicate n much reduced yield tnis
year. The market for goods is remariS-
ably strong this week. and previous
nrlces are fully sustained
After a sharp decline wheat has risen
a quarter cen, this week, with Atlantic
exports 2.9o0,966 bushels, -four eNclud-
ed, against 2,325. 100 last year, and Pa
cific exports 364,256, against 163, 1872 last
year. Corn has also taken a start up
ward, rising thres-quarters of cent,
with exports of 3.051.569 bushels.
against 2,43l,oS5 last year. So great
"A demand for both grains deserves no.
tice. but so do western receipts ,945,-
697 bushels wheat, against 6.174.611
last wear and corn 5.923.43T, against
4.2OS.352 last year. 1nere is no hesi-
fancy in selling or in shipping. With
extraordinary foreign demands for the
season farmers are sending forward at
remarkably low prices extraordinary
quantities of grain.
Neither philosophical explanations
of the rise in iron. or steel nor constant
addition, to the number sof furnaces
producing Sliecks .hev.6v,,nce, which
has made Bsssemer pig selhfor S2a nt
'Pittsburg, grey forge for $lM75 there,
anthracite No. 1 for S23.a0 at philadel-
go. With the whole output, of its fur
nares sold ahead for the year. the Val
lev association demands S23.65 at Pitts
burg for future contracts. and Chicago
is sellin- mainly for delivery next year.
Finished products are advanced. in
some cases So per ton at time with
out checking the demand, as for sheets
at Pittsburg. with plates advanced 81
and wire nails S3 per ton. Large con-
tracts, even at these prices are report
ed. many running into next year. III
Chicago and PittsDurg in bars and in
plates at all points. with 5000 tons
western and large eastern bridge con-
tracts taken by works four TO five
months behind already, and inquiry
for twenty-five miles of pipe for South
Africa pending. Tin is strong at 32iis
cents for spot, with 1885 tons decrease
in all visible supply; lake copper is
steady at 1917 GEMS. with heavy buying
for electrical use, and lead is quiet a;
$3.50.
Preparations for other woolen com.
binations affect the market for goods
somewhat. which is nevertheless
strong, although some Irregularities
have developed in worsteds. The WOO
market is much less active than of late
WIZ. sales of only 9.225,200 pounds al
the three chief markets, mostly terri
tory, and, while prices are stiff. manu-
facturers are buying only for immed
late needs. Quotations for the wecl
are unchanged, but holders are conf
dently looking for large advance sc
result from the London sales.
Failures for the first week OF Sep
tember have been $50, against ST.
1l1,593 last year: manufacturing, $212,
25s. against $224,6os last year. ant
trading. S466,3l3. against $703.991 las
year. Failures for the week have beer
1872 in the United States, against 16-
last year, and thirty in Canada, agains
sixty last year.
4 As Viewed by Bradstreet's.
| Bradstreet's today says:
Strength OF staple prices, activity il
fall demand, large railroad earnings
reports of heavy lake traffic and of ac
tivit-- in leading industries are the fea
lures none OF them necessarily new
but still presenting themselves in th'
trade situation this week. 9Expansio,
in fall demand is perhaps more NOTABLE
at the leading western and northwest
ern markets. but advices from caster,
markets furnish evidence that active in
terest is manifested at these centers
The price situation is one of notabl
strength. the events OF the week, il
fact, having been TO accentuate il
many cases the advance shown durin:
August.
j Wheat. including flour. shipment
for the week aggregate 4,3j3,90
bushels against 3,Gl3, ,443 last week. ,,
zl0,20S in 1898, 5.4ol .5OdSin 1897, 800
l4l in,lsy6. and l.slO,039 in 1895. Sine
July this season The exports aggre