The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-06-10
BUSINESS NEVER BETTER
So Says .Bradstreets Small
Number Of Failures for the
Week.


Week.
New York. June s.-Bradsireet tomor
row viii say:
Exceptional firmness In pr.ces at the
highest level as regards general staple |
values yet reached, sessonRJie small !
rate OF business mortality. undimnished
Industrial activity, perhaps most manifest
iu all branches of trade In which iron,
steel and other metals enter. and large
bank clearlngs, rejecting to some extent
tne improved tone OF the stocks, but Ike
wise large payments on previous profit
able business, are among the features not
necessarily new. but stin noteworthy, re-
flected Ia trade advices. Enlarged ship
ments of breadstuns. a result OF recent
buling, induced by crop damage reports
at home and abroad. have it is true. not
been sufficient 10 offset LIQUIDATION on the
late moderate rise but this Is partially
lexplained by confined good advlces from
The spring wheat crop. confirmed by I.ber-
al receipts at primary points Iron and
steel display all OF their old anu some
new strength in the urgent demand for
the balance Of the year and the usual
summer shut down seems likely to be
lNNUNItu more III the UlEAin lnhn ONatIN-
ance ON this trade.
New York, June Bradstreets Flnan-
lclal Review tomorrow will say:
There was n steadier tone In tuesdays
trading and Wednesday yielded two in
cidents. which. for the time being. ct
least seems to change the temper OF the
Speculation. one Of those was the dec
laration Of the regular per cent quar-
terly dividend in the American Sugar
lcompany's common stock. a matter about
which the street had indulged in more
or less dopts FOR a fun month. The other
was declaration OF 1h per cent half
lyearly dividend on AtchisOn preferred.
win the announcement that the earn
ings Of the road in the fiscal year ending
June 30 would also provide for another
half yearly dividend for the same amount
next January Covering not only in the
stock just named, but in other parts OF
the list. at once ensued and some fresh
buying was attracted. The upward
movement continued on Thursday. The
steel stocks IN spite OF some irregularity
in American steel and wire, were gem
orally higher and the strength of the
market on the whole seemed to center on
ihe portions Of the list which had the
OBJECT of the principal hearish pressure.
The hrmness OF the grain market and un
favorable accounts of the crops had APP
parenuy little further influence on spec
ulation London took but a small part
in the trading here though the Atchison
dividend induced some foreign buying OF
that stock on the other hand the weak
ness of the mining division or the London
market caused by the failure of the
Transvaal negotiations, did not re-
fleet here. apart from decline in Anacon-
da shares and the continued .eavness OF
b amalagamated copper The bond mar
ket continued to be very strong. with an
unabated demand for the better Issues
aud such a scarcity of such o"erings.
even az the high prices, that the inquiry
is perforoe turned TO lower grade and
new securities. more or less American
having been given this weel 10 the first
mortgage bonds to the reorganized Wis
cDnsin Central
New York, June s-R. G. Dunn and Cos
weekly review of trade tomorrow Will
say,
Iron products have advanced $50 per cent
in one week and pig iron as per cent,
following advances of per cent In pig
iron and 4 per cent in producrs during
May Cotton has advanced I per cent and
cotton goods is per cent during the week
with wooden goods G per cent and boots
ana shoes / per cent. A litle reaction Of
per cent appears on the leather and Z
per cent In hides, but the character Of the
time Is that the expectations Of higher
prices induce buying fer IN advance
requirements for consumption. 1t IL need
less TO say that this is a symptom Of
danger. and the most conservative man
ufactures especially in iron and steel,
have striven to avoid 1t, but actual in
| ability to deliver products demanded
leaves them littie power while speculation
in wool and other times Is running away
/ from consumption. II Is a 81 ding feature
that quotations are largely fictitious. Al
most all the goods now being dellvesed os
produced in some Industries are on prices
fixed by orders accepted several months
ago, and nearly all the iron works being
thus tied up far ahead. the prile quoted
but what they see fit 70 ask as a way OF
refusing orders which they cannot accept,
or else the bids OF important buyers who
can find nobody 10 deliver large quota
tions.
The Financial Chronical estimates a de-
crease OF only S,2 per cent. in acreage
Goods are selling largely and prices OF GIN
CHAINS and prints have advanced.
After some advance wheat
declined 2 cents closing lower for the
week. Against All accounts OF injury in
the eold fact that western receipts were
5os5.iei bushels for the week against l.