Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1899-11-03
STATE OF TRADE.
situation In the Commercial World
ms Viewed by Leading Amer
lean Agencies.

New York, Oct. 2S.-R. @. Dun & Co.'S
weekly review of trade says: "Fears and
not facts made war in South Africa seem
menace to prosperity here, and week
of conflict has cleared away the fear,
British markets for securities have been
helped by the belief that mining shares
would be worth more with no Boer con-
troll In mining regions, and large purchases
here of ammunition, packed meats and
other army food have swelled the balance
due this country. Money markets have
grown less embarrassing, stocks have
gradually advanced. industries are still
supported by volume of demand for
which no precedent can be found, and pay
ments through the principal clearing
houses for the past week have been 36.6
per cent. larger than last year and 57.3 per
cent larger than in 1892. So great an In
crease shows the net result of many and
potent forces making for public prosper
ity.
THE heaviest transactions in steel rails
ever made so early cover 100000 tons for
next years delivery, or two-thirds OF the
entire annual capacity of the works. The
Pennsylvania is said to have taken 10000
tons at $3S. but all the leading railroads
made large purchases and the price was
then advanced to s35 per ton, the same
works having delivered during the past year
ders appear. including some of consequence
for the east and for Cuba.
Wheat remains practically unchanged,
while Atlantic exports. flour included, have
been Il, ,932, &1 bushels in four weeks, against
| 134SS,056 last year and Pacific exports
2,1N771, against 3.124,306 last year. West
| ern receipts fall short and in four
weeks have been only 30.022.053 BUSH
els against 4O15O,699 last year. With
out concert there is probably some
waiting for better prices by farmers. Corn
exports continue to show the magnitude
| of foreign demand for breadstuffs, reaching
| 1447S,719 bushels, against S,546 973 last year,
and the demand has been large enough to
advance the price 1lh cents.
Failures for the week have been 100
in the United States, against 226 last year.
and % in Canada, against "a last year"
Bradstreet's says: THAT the business
| condition of the country remains at an un-
| precedented volume is testified to by the
| heavy gains noted in bank clearings over
year ago, and by the immense increases
| in railway earnings over exceptionally good
| returns last October. AS regards the cur
| rent activity in transportation, 1t may be
| said that east-bound traffic from Chicago
in the past month has been more than
double that reported in the same period
| year ago, and nearly twice as large as
| that reported in October of 1892, a record
| period of good trade.
THE situation of iron and steel Is per-
| haps the most notable one yet presented.
| The feature OF the market is the reported
| booking by the steel rail mills of the coun-
| try of nearly 70 per cent. of their capacity
| for next years delivery. In all .500, 600 tons
| of rails are reported to have been booked
| for delivery next year, and there is In ad-
ditional considerable unfinished business on
1899 account which 1t is claimed viii still
| further enlarge the volume of business
| handled next year"