The age-herald., 1899-06-24
FINANCIAL REVIEW

New York, June 23.-Bradstreets tomor- row will say: Less than the average et- feet of approaching midsummer influences is discernable in current trade reports. Prices, too, show a strength unusual at this period. and particularly in view of recent steady advances. This is notably manifest of course in the iron and steel industry, where the tendency Of values is still up- ward though the advances reported are not uniform at all markets, pointing to individual instances of business defeat ot best possible prices. Where prompt dellV- cry can be guaranteed, fancy quotations are in many cases obtainable. An unprece- dented weekly output of coke is coinc1dent with statements that the usual summer shutdown in iron and it's allied industries will be eliminated this season. Predictions of $20 for Bcssemer are well within sight and warnings of overriding the situation are more numerous. Hopes of improve ment in the woolen goods industry have materialized in an active demand at lead- ing markets for the manufactured prod uct, and simultaneously from several mar kets come reports of abnormaly small stocks of light weight goods in dealers hands. Wool is more active and firm in sympathy herewith, and sales are larger, though mostly on speculative account. A feature is heavy sales of high grade do- mestic Woo.s to foreign buyers, but Wheth- CT this wool will go abroad depends upon next weeks London sales. Improved crop reports are responsible chiefly for lower quotations of products declining in prices this week. Wheat has been affected by glowing reports from spring wheat sec tions, but more especially by continued enormous deliveries of old crop supplies pointing to the 1898 spring wheat yield and therefore the aggregate yield of the country having been heavily under estimated.
 At the decline, however, good buying on export account has developed. Cotton crop prospects have continued to improve and the raw product is lower on the week, with a slight shading claimed also in print cloths, although cotton goods as a whole are in an exceptionally strong position. Raw sugar is lower on unanimous reports of poor crop prospects the world over, but refined sugar is ih heavy domestic demand and firm.
 In industrial lines generally there is little more than the usual friction as to wages, the most serious disturbance of all being the Colorado smelting works strike, which is partly on account of the days work in hours.
 Lumber retains all of it's activity and strength alike, as regards movement and prices
 Wheat, including flour shipments for the week aggregate 3,74671S bushels against Z, 2,799,i III bushels last week and 3799 47O bush els the same week last year.
 Since July l, this season, the exports of wheat aggregate 221 ,672 bushels against 229,012,SO3 bushels last year. Corn exports for the week aggregate 2,S72,4S2 bushels against 32S5, 301 bushels last week and 3,SO2,321 bushels in this week a year ago. Since July l this season, corn exports ag- gregate 166 ,29S, 15S bushels against 194 7O6 347 bushels during the same period a year ago.
 Business failures for the week were 199 against 15O last week and 220 in this week a year ago. Business failures in Canada for the week number IS against 25 last week. and 19 in this week year ago.