The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-11-04
BRADsTREET's REVIEW

bhADSl
New York, November S-Bradstreet's to-
morrow will say:
Despite some variation in the currents of
trade distribution, tile aggregate movement
continues of immense volume; in fact, IL
the aggregate of bank clearfngs in the
country outside of the metropolis is trust
worthy index, the country's trade reached
its highest mark in The month of October.
Prices certainly showed marked strength
in view of the position of earlier advices.
In some lines of wholesale trade, notably
dry goods, there has been some quieting of
demand without, however, any pereeptible
effect being exercised upon values of tex
tiles, which are more firmly held than
ever.
1t has been a record week in the wool
trade sales at leading centers, having ex
ceeded all records for any week, and the
strength alike for the raw and the manu-
featured material is marked. Cotton goods
are very strong, partly on the extraordi-
nary demand and partly because of the
strength of the raw material, Impaired by
small receipts and growing confidence in
ultimate light yields.
The great cereals have been rather dull
This week, With slight variation in price,
and the market appears to have come ITO
a standstill pending new developments.
Some improvement is noted in the ocean
freight situation.
The contraction of loans falls, of course,
mainly on the stock market and some au-
thorities argue from the intense activity of
trade and the failure of money to return
from the interior that the contraction will
continue for some time. The result of call
loan rates on Monday and Tuesday to $50
20 per cent was due however to unusual
amount of disturbance of balances caused
by the November l interest dividend and
other payments. But these figures gener-
ally are regarded temporary and failed
to induce any serious liquidation of long
holdings. The market was apparently more
impressed by the bullish manipulation of
the leather stocks and other securities and
by the extremely favorable accounts of
trade conditions and of the prosperity
which reigns in the steel and iron coal and
various industries.
Some Improvement is noted in the ocean
freight situation, however, the high rates
In fact having tended to bring their own
value further order Reports of re-exports
of American iron from Japan are confirmed.
A heavy business was done In hardware
during October. Other metals fail to show
as much strength as in the fancy line of
cutlery. While pine lumber Is quiet at
western centers, prices are very firm and
intima tons of a continuance of these con-
ditions or of further advances are numer-
GUS Influenced by the activity in the boot
and shoe manufacturing distributive trade,
leather Is strong and tends upward and
some advances In hides are also reported.
Wheat, including -four, shipments for the
week aggregate 3,046,S56 bushels, against
6,495 bushels last week, 6,773.64S bushels
in the corresponding week of 1898, 5,95O,5S0
bushels in 1897. Since July ] this season
the exports of wheat aggregate 72,5S9,Ol6
bushels, against 73,s45523 bushels last year,
and SO, S74 1872 bushels I'm 1898.
Corn exports for the week aggregate
4.5O3 f25 bushels, against 4,525.519 bushels
last week, 3,566640 bushels in this week a
year ago, and 2,199,550 bushels in 1897. Since
July this season corn exports aggregate
rs, s91. 800 bushels. against 50,954,447 bushels
during the same period year ago, and
So 800 104 bushels in 1898.
While showing some increase in number
and liabilities over the summer and au-
tumn months, business embarrassments fer
|. the month of October furnish very salts
factory comparisons with corresponding
months of other years. There We're 216
failures, involving $6.7740Oo in liabilities.