The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-01-16
BUSINESS WORLD.
Bradstreet's aud Dun's Review
Of Financial Affairs.

the trade situation at present Is the
streng n OF prices Of nearly all staples,
but particularly Of cereals, cotton, iron
and steel, which have apparently gained
further ground since the FIRST Of the
year. Explanation OF the strength Of
wheat Is, of course. found In the good
cash demand which seems to meet any
slight reaction IN values and which has
placed tho price as high as at any pre-
yious time for three months past. This
cereal ard corn are both IN exceptional
ly good demand abroad. Judging from
the large exports reported and good for
eign demand Is likewise the secret of
strength in cotton, shipments Of which
continue heavy. A feature Of dealings in
this staple Is the steady demand for
good grades and the Indifference mani
Tested toward low grades. which. owing
to bad weather at the south, has been
larger than the usual supply. Cotton
manufactures. indeed have been COM
plnlning for some time OF the low spin
ming quality and waste of the present
ciop. While large sales OF iron and steel
are not 60 numerous as in recent weeks.
further advance in prices. notably Of pig
iron. steel billets plates and rods bear
testimony 10 the eagernesa Of buyers to
secure supplies and the almost cores
pondinc Indifference OF the trade toward
new buriness. order books Of most OF the
mills being reported well filled Pig iron
production Is the heaviest ever known,
hut stocks show further depletion. The
successful floating Of n number Of large
consultations in this industry OF late has
stimulated interest and discussion In fur
ther considerations.
FORMATION OF sYNDICATEs
. Tho formation OF syndloatos, however,
E Is not confined TO iron and steel. because
I within the week there are reports Of
projected great syndicate having for its
: object the securing OF control of the on
. tire Cuban tobacco supply this year
= Among other rumors OF cancellations is
= the story from the Pacific coast of n
Y proposed consolidation OF salmon canner-
n les. Tin plates show the effect of the
0 consolidation In this line In an advance
o from the low figure reached some months
Il ago. The strength OF cotton goods IS
still feature Of the dry goods market
but the hoped for advance IN raw wool
has not yet materialiged and the trade
In manufactured woolens is stin slow.
I The feeling of confidence IN the lumber
/ trade Is unahated and an active deman
d is looked for in tho spring, the strength
II OF hard wool being a particular feature
IN this connection. Prices for boots and
o shoes are held steadily and the outlook
e is regarded as favorable. Leather. ton
: Is firm and hides are IN sympathy. IN
!, ''hcr Industries activity IS feature. a
q notable instance being the heavy vessel
u lakes and on the seaconst, nggregatinr
= for mercantile ana national purposes a
y total claimed 10 be far in excess of any
I, previous period in the country's history
GRAIN REVIEW.
Wheat, including flour, shipments fol-
n the week aggregate 56s7,71 bushels
against $3.50 2b3 bushels last week; 5.2so
e 5l7 bushels in the corresponding week a
II 1888: s,4991H bushels IN 1897; 32O2.l24 bush
s. els in 1896, and 1864. .45s bushels in lSs5
Since July i this season. the exports o.
wheat aggregate 1874. 0is bushels agains
1S7.742s0l bushels last year
+, Corn exports for the week aggregate
4 SS1'N2 bushels, against 4,s4i,2Ss bushel
=. last week; 4.6fl7 75O bushels in the weel,
year ago. s75S,2Si bushels in 1897; 8 sss.
on bushels IN 1896. and 661 .257 bushels n
1895. Since July /. this season. corn ex
ports aggregate SO. .Os1 .999 bushels. agains
SS4i4,4s6 bushels during the same perio,
a year ago.
Business failures for the week show
quite an Increase over the preceedin,
week, numbering s94, against 237 las
week, but compared with 1913 In this yeel
year ago; 427 IN 1897; 412 IN 1896, ant
S7s in 1896
!. Canadian failures for the week number
a., against &c last week, 5s in this weel
a year ago, SO in 1897, "a In 1896. and g. II
1895.
Il New York, Jan. 13-R. @. Dun & Co.'S
Weekly Review OF Trade viii say tomor.
Il row:
Contrary TO the French saying, the ex.
pected has occurred. Rapid advance in
4 prices OF iron and steel products have
\ had their immediate effect, perhaps no,
10 the lasting benefit OF the industry,
4 for there is the same reason for the doubt
4 as to it's permanency as In 1895, when
shrinkage OF buyers and reaction soon
carried prices lower than before. But
y there is now larger demand for other
products, and without an unwiedly COM
4 binations an are doing wen. Throughout
the country was never as strong fnan-
d eially, as even governors of London banks
admit one stating that as London had
financed America heretofore, now for the
\ first time New York Is financing Europe.
No evidence Of weakness Is seen In the
other branches OF industry, nor IN those
4 upon which the great excess OF exports
! most depend
Wheat and cotton still go out largely.
Europe Is buying because Il has needs
and New York Is lending TO Europe no
body knows how many millions because
there IS for the present no need 10 call
\ loans. The receipts OF g. 100000 gold from
Australia IL announced at San Francis
co
INVEST AT HOME.
Americans are IN the humor 10 invest
In their own country and have great
amount OF money TO put out without
\ recalling any OF their loans TO Europe,
so that the heaviest transactions ever
known In the stock exchange have oc-
Cured during the week without the evil
dence OF reaction for which many strong
1 operators have been looking.
In products also tho position OF the
Icountry grows stronger. Last years ex-
ports of wheat and corn were far beyond
all precedent. but the past week has seen
exports OF I. 235 sS6 bushels OF wheat. -four
included. against 92i6,97O last year from
Atlantic ports, and in two weeks Q, ,i52 i09
against 60S6.7SS last year, besides exports
In two weeks from the Pacific ports OF
- / 124 O51 bushels agafrst . $40 O09 Last year