The record-union., 1899-07-29
II Was Larger Than a Year Ago, With
Coed Prospects for the Future.
Prices Display Their Old Firmness
and in Some Lines Show Still
Further Advances-Though Pro-
duction of Pig Iron for First
Half of Year Has Been the
Largest ON Record, Still It Has
Been insufficient to Supply the
Demand

| NEW YORK, July 2S.-Bradstreets'
tomorrow will say:
Weather conditions exercise but lit
Tie effect upon the volume of current
business, which is. however, larger than
year ago, and restricts speculation,
therefore limiting the volume of bank
clearlnss, without, however, exercising
any particular influence on prices,
which display nearly all their old firm
ness, and in fact, show still rurtner
advances in several lines.
Of1clal statistics of pig iron produce
ton for the first half of 1899 point to
the largest production on record and
having been insufficient to offset cur
rent demand. and stocks at the close of
the half year are far below what they
were at the opening or at this time one
year ago.
special activity in the iron and steel
industry is reported at Chicago. where
heavy advances have been made in fin
lshed products and numerous ship
ments are reported not only to Ohio
ana Pennsylvania, but as far east as
Boston. Every blast furnace in the
birmingham district is expected to be
IN operation by the autumn, but pro-
auction for the latter part of the year
1919, which promises to be enormous,
has all been booked. The glass trade
is reported particularly active and con-
dltlons in that industry are said to be
the best for years past
The coal markets note little change
In price, but trade opinion seems to ia
Vor steady demand and few fiuctua-
lions, In view of admittedly large nee
essary takings by foreigners
A r1n tha l..
special strength, largely in sympathy
with heavy advances abroad, claimed
to have legitimate basis in heavily
increased consumption without corre-
spending output of the raw material.
smaller arrivals and heavily reduced
stocks. of raw sugar, added to large
sales of refined, has resulted in an adj
vance of the former product Lumber
is strong in price and some building
operations are reported interfered with
Northwestern shipments of white pine
are reported very heavy for this sea-
son. Fall demand for dry goods is in
creasing, but complaints of slow deliv-
cry are more frequent
Manufacturers of wooden goods are
purchasing more freely of fine domestic
grades and prices tend upward al
though there is less speculative buying
reported al leading markets
business failures for the week num-
Der 10, against 1S9 last year. Cana
dian failures for the week number 1S
against "a last year.
Wheat Gncluding flour) shipments
for the week aggregate 1,36S2 42 BUSH
els, against 3,40S073 bushels last week.
2,311, S12 bushels in the corresponding
week of 1898 =, 49,, OPS in 1897, 2,64S.-
44S in 1896 and 1, 460.917 in 1885. Since
July, 10th of this season the exports
of wheat aggregated Is, 797 292 bush
els, against 10,312S1O bushels last year
and S,346,547 in 1S97-9S.
NEW YORK, July 2S.-R. G. Dun g.
Co.'S Weekly Review of Trade" will
say tomorrow:
There is certainly room for some de-
crease when the volume of payments
through the clearinghouse in July is
81 per cent. larger than last year,
and 59.6 per cent. larger than in 1892,
the best of all previous years Sosgreat
an advance would warrant expectation
of some set back under ordinary cir
cumstances. This year the unusual
freedom from labor troubles about July
1st is followed by some signs of ten
dency to strike because great works
are committed far ahead and cannot
halt without loss. But interruption of
business by labor troubles of all sorts
has been less than in any July for
years.
Nor is the movement of products
hampered. Western receipts of wheat
in July have been 1888, S26 bushels,
against 7,309,333 bushels last year to
date, and of corn 20.4S52 51 bushels,
against 9,113,335 last year. Exports
of wheat from both coasts were $780,
$50 bushels (flour included), against s.
S333, 1872 last year.
Copper is strong.
Manufacturers have been buying
wool, it is said. but less the past week
although many are taking sample
bales. Good lots are in fair demand
but no further change in prices is men,
toned. Sales in four weeks have been
46,719,600 pounds. of which IS, J54 800
We're domestic.
Railroad business for July showed the
largest increase of any month this year.
161 per cent. larger than last year
and 10.4 per cent. larger than for 1892
Failures for the week in the United
States have been Isl. against 225 last
year, and 20 in Canada. against 26 last
year.