The age-herald., 1900-06-16

1t will be recalled trade was cheerful1y ac- tive. It is true bank clearings are eonsid- erably smaller than last years clearings, which undoubtedly included much of a speculative character, this year almost wholly absent, and yet, outside of the Metropolis, bank clearings are heavier this year than last. The cereal markets have held the bulk of the advance shown last week on the strength of bad crop reports, but foreign recognition Of conditions here has not sought the direction of increased takings. The acreage remaining in wheat is little below that actually harvested year ago, and owing to the favorable con dition in the southwest and on the Pacific coast the general average of June 1 is bet ter than a ear ago, but spring wheat, owing to lack of rain, promises much less favorable results The cotton acreage will be larger, but the condition is much below the average, particularly in the heaviest producing state, Texas Reflection of this Is found in the advance of quarter cent in spot cotton and of a slightly smaller relative gain in the next crop deliveries. In manufactured textiles dullness is still the feature Some reductions in prints for next fall have been favorably received and elcited some good orders. Wool is d,.l on the whole for the week at the ca | while good prices have been secured ia the west. Manufacturers are not buying be- cause their business is not active, and lower rates for the next lightweight sea son for mens wear goods are predicted, though leading mill agents will guarantee prices as late as October.
 Lower prices for iron and steel have not met expectations of causing a reduction in output and the fastest furnace report indi- cates an actually larger output and in- creased stock, though this latter feature apparently has been magnihed because SUD- plies of high grade pig ir.2n are still scarce, particularly at the South. On the other hand low grades in OlRntifnl s1Il1plV with little demand. Further shading of pig iron quotations are reported east and west and the possibility of a p per cent reduc- ton of production is reported under consid- eration of leading iron producers. A sig nificant feature is the expressed desire of large ore consumers that deliveries be held back. Rails for structural steel are still well held, but there is talk of a reduction In prices for the latter product. The other metals are dull and on the whole weak.
 Wheat, including flour shipments for the week, aggregate 467S,029 bushels, against 4,230'221 last week, 2,794,471 in the corre- spending week of 1899; i,3967 7S7 in 1S9S g. 54l,Sl9 in 1897 and 3,O20,317 in 1896.
 Since July 1st this season the exports of wheat aggregate ,9S2 bushels against 2lS,O22S92 last year and 225, PIP SIS, in 1S97-9S
 Corn exports for the week aggregate B. 36i,2o5 lAshels against 3,0S4,44 last week, 3,2S5, ,301 in this week a year ago. 4, ,106 7O6 in 1898; 1,94213 in 1897 and 1,510, 761 in 1S96
 Since July 1 this season corn exports az gregate 196,2l4 327 against 162, 425, ,726 during the same period a year ago and 190 14 O29 in 1S97-9S.
 The failures for the week in the United States number 1S0 as compared with 1S4 last week. 15O in this week a year ago, POT in 1884, 226 in 1897, and 265 in 1896. Failures Tn the Dominion of Canada number z5 as against 20 last week, 9 last year, 19 in 1898, 34 in 1897 and 35 in 1886.