Evening journal., 1899-09-16
A WEEK on rRAnn


trade Bradstreets says:
with comparatively little stock or
other speculative activity, and with
few strikingly new features presenting
themselves, the general business Of the
country goes forward at a good pace
and in unprecedented volume for this
period of the year. Reports indicative
of this come from most leading mar
kets, additional proof being furnished
by the steadiness of most prices on the
high plane recently reached, the very
heavy business doing by the transpor-
tation interests. as reflected in enor-
nous railroad earnings reports Of ex-
panded Fall demand, heavy export
trade totals and reported cheerfulness
OF outlook as to the balance OF the
year. Fall trade activity would appear
to be at its maximum, Judging from ad-
vices Of activity and strength of de-
mand reported alike from Western and
Eastern markets, and shared in also by
most South Atlantic and interior
Southern cities. Iron and steel are
quiet, but very strong at the East. Blast
furnace reports show that current con-
sumption and production are not far
apart, but production fails to show the
expansion looked for, and while cur
rent work is at the rate of 100000
tons per year. estimates Of the years
production do not ran much beyond
10 100000 tons. The notable strength
in cereals this week is shown in corn
where paucity of old supplies leads to
the rumor Of September squeeze. p
Little change is to be noted in wheat,
though the government report was
Temporarily stimulating. Weather con
ditions are partly responsible for the
better demand for butter. Crude pc
troleum is also stronger, and tobacco
and hides are scarce and high. Cotton
is shade lower on the week, owing
mainly TO the failure of foreign spin
ners to accept current government and
other advices as to cotton crop con-
ditions. The strength of cotton goods
is, however, notable, Lumber retains
all its old strength. and some new buy
ing is responsible for advanced quo
tations at several centres. This is true
alss OF most building materials, with
the exception Of brick, which is rather
weak, owing to reported over-produe-
ton. Wool is firm at all and higher
at some markets, and much interest is
taken in the next London wool sales
Woolen goods are strong. though some
manufacturers complain that the ad.
vance in raw material has Outstripped
the gain in the manufactured product
A number Of mills are reported TO have
INSTRUCTED their agents that their or.
der books for Spring delivery are filled
Rehners stocks Of raw sugar are un.
derstood to be large and prices ar,
lslightly lower, owing to the slackenet
demand. Refined is firm, with a heav,
NNA'NAAtNAfN NtAAoANf anu nluNu inter
est is manifested as to the working on
r Of the now arrangement between tn,
Wholesale grocers and refners Banl
clearings reflect a full business week
returns, but also expanding trade, II
an aggregate of S1,710,393. .26S, tn
, largest weekly total reported sine
July. nearly % per cent. in excess o
last weeks aggregate. 2s.7 per cent
, heavier than in this week a year age
% per cent larger than in 1897, IS pc
cent. in excess of 1896 and 1894, an
SO per cent larger than in the CORE
! spending week Of 1892. Business fail
ures for the week number l4s. agains
+ 1913 last week and l7s in this week
year ago, and compared with 100 in 1897
: S15 in 1896 and 2is in 1895.