The times., 1899-09-02
TIE WEEKS BUSINESS.
Reviews of the Trade Situation by
Dun and Eradsfreef's.

NEW YORK. Sept 1-Bradstreet's to-
morrow Will say;
With an exceptionally heavy business
already booked for the latter portion OF
the year. the mercantile community faces
the trade situation with confidence. testi-
fed to by very generally firm prices and
with quotations in a number OF lines show
ing further marked advances. The most
conspicuous exception 10 this Is found N
cereals. which are weak and declining
Lower prices for wheat corn. and oats
point to speculative liquidation OF the tired
holders. who with confidence in the future
OF prices. have weakened under satisfac-
tory foreign demand larger receipts. and
the near approach Of expected heavier crop
movement. Corn crop prospects. though
Tess rosy. still point to a fun yield. Cot
ton, TOO, mas weakened slightly. chiefly be-
cause OF advices OF rains at the South,
thougn Texas crop advices are still unsatis-
factory and stories Of permanent damage
are forthcoming. With these executions
most staples are either hrmIy held or evi-
aenee progress upward, notably In this lat
yer respect being iron and steel OF all
KINDS, but particularly pig iron which now
IS the ceHtre OF trade interest owing 70
(. heayy demand. particularly for foundry
grades, at advancing prices Trade re-
ports would seem TO indicate that a good
part OF the productive capacity OF the coun-
Try Is already engaged for the first half Of
lSOo Sympathetic strength is evinced by
other classes OF material
scarcity OF material and backward de-
liveries OF the same are reported by cloth
ing manufacturers at many points North.
west. and South Among other textiles
strength is specially notable in hemp In
sympathy with London. whence come re-
ports that Philippine shipments will shortly
cease Lumber retains all its old activity.
ana IN some lines manifests new strength
as regards prices. The refined sugar var
apparently still continues. one result be-
ing tne stimulation OF consumption to a
notable extent good business is doing
IN tooaeeo at most markets. In the IN
dustrial lines the situation Is reported verv
satisfactory. Business failures FOR tha
week are the smallest reported for a 'oug
ume, numbering only 49, as compared
with Ia last week
NEW YORK, Sept. I.-Dun's review
tomorrow will say: August failures wera
smaller in number than for auv otbar
month In six years. excepting May and
July OF this year, and smaller in amount
Tran for any other month excepting MAY.
JuEe, and July of this year II happeuei
mat those months were exceptionally frea
from the large failures which come with
little dependence on the existing state of
business But IL failures are few the yol-
uine or solvent business is heavy with
august clearings $40 per cent larger than
last year and 55-4 per cent larger than in
1897 The astonishing feature is the mag
nltude OF demand. notwithstanding prices
which would ordinarily check il. Pro-
ducts directly consumed by individuals
and the larger employment and bstter
wages OF the working force give expIana-
uon- Demand exceeds the supply of Bssse-
mer pig again raising the price for tha.
and anthracite to $3.50. Few works can
promise delivery before December. AMI
most OF the heavy contracts placed have
oeeH 1oT next years delivery Recent ad-
Vanees IN boots, shoes. and leather 60 not
prevent large business, and hides have
slightly risen at Chicago. BUYERS nrezS
Tor early delivery. Manufacturers refuse
many orders and some already have con-
tracts further ahead than they wish.
Leather is little stronger. with a heavv
business, While at Chicago large transac-
lions IN hides cleared up the supply OF
some grades, for that prices slightly ad
Vanced, though tanners shrink from the
prices asked
sales Of wool have been moderate. 623s
200 pounds for the week Some hssitancv
in buying by manufacturers is attributed
10 the current prices. Mills have strong
demands for goods, and the clay worstsss
have further advanced
In cotton goods the demand exceeds tba
supply, and many kinds have advanced. al
though the material has declined. The cot
ton year ends with spot quoted at 695 IA.
There is prospect of increased consumption.
but also of a yield exceeding 10000 00d
bales. Notwithstanding recent losses. Fail
ures for the wsek have been Ill in the
United States. against III last year: %
IN Canada. against % last YEAR