Evening journal., 1900-08-25
WEEK Of Trade

the allied forces in China encourage
money markets. while they also sug-
gest TO our manufacturers the possible
early reopening of Eastern markets for
goods. England's campaign in South
Africa Is losing its interest even among
spectators. The marketing of domes-
tic farm products is on a large scale.
The chief drawback of the week has
been the intense heat in some sections
Of the West, which was more efficient
in retarding business than the lower
temperature East was In stimulating
1t. Crop advices continue as cheerful
as at any time lately, and the labor
situation shows no important change
I'm working forces. Prices are steady,
but there is talk Of a decline, perhaps
$40 per ton, in steel rails shortly to
basis at which 1t Is believed the rail
roads will be willing to place orders
for the ensuing years supplies. Com
mercial loans are slow, with the busi-
ness of borrowers done chiefly with
their own banks, but the inference
drawn in banking circles is that col
lectlons in the interior are good, which
our special reports in many cases con-
firm. Bank clearings for the week at
New York are 27.2 per cent smaller
than 1899, and 1901 per cent under
1898. At the leading cities outside New
York they are IL per cent below 1899,
but 242 per cent. above 1893.
More good news comes from the
great iron centres, where bridge and
boat builders and makers OF agricul-
tural implements stoves and cast
iron pipe are all eager to secure raw
or partially finished material Iron
generally is a more solid and better
balanced market than for two months
past. Wheat declined still further on
Saturday. touching the lowest price
since early in June, and making the
fall 1850. from the top point OF the
season, about two months ago. Vigor-
GUS marketing by farmers shows their
willingness TO sell at current prices,
receipts at primary markets during
three weeks amounting td 1898, 800
bushels, against 10,6S3,051 last year.
Daily figures of exports continue light,
although there is much talk of pur-
chases for foreign account. Prices re-
covered from the lowest point. traders
on the short taking profits freely. Corn
is steady, but a drop last year makes
the present price only cents above
that of 1899. Railroads reporting earn
ings for August to date show IA per
cent. gain over 1S99 and 26.2 per cent
over 1883, sixty-one companies increas-
ing 6.5 per cent for the first week
and fifty-fve gaining S.4 per cent for
the second week There is 3.3 per
cent decrease this year on a few
granger lines, but they are 1872 pei
cent. over 1895 For three weeks Of
August New YorlI's exports increased
1868 per cent, while imports decreased
1.5 per cent Liabilities of failures ii
three weeks Of August were $5,36s,334
Q against s4,075,1S4 last year"
Bradstreet's has this to say: Con
trary trade currents still give an ap
e pearance of irregularity to the entir
. situation, but good and unfavorable in
y huences conspire to bring about a sor
of balance which accords we'll with tn
a weather conditions and the particula
Is season of the year. II clearings re
turns are to be regarded the tide @
D. trade was about at its ebb last weel
G. but it is well known that clearing
en- rarely, except in times OF speculativ
n excitement, reflect present conditions
In the iron trade the corner has az
parently been turned for the bette
and there is a perceptible improvemer
in the jobbing demand at leading Yves
=, ern markets. Prices, too, are stead
- what few decreases are noted beir
largely due to improved crop cond
- tions particularly Of corn and cotto
:" Despite the reports which have pi
tured the corn crop as heavily shoI
ened by hot winds, the reports fro
~ Nebraska, Kansas City and ST. Lot
~ are, as a whole. quite encouraging. II
lowered price of cotton is largely d
~ to the arrival of NEEDED rains in {
1o South Atlantic States.
Chief among the advances Of
ieu week has been wheat which has
Elected the freest export buying
weeks past.
, Is In the list OF unfavorable featur
his holiday quiet in many lines is nota
lag at the large Eastern centres. althou
MS some improvement in dry goods j.
ana bing is reported at several points. Z
rlsn dullness in general speculation
sm' marked, stocks and food products
a1es ing very inactive. In the textile ira
'cu- quiet in cotton goods is still notal
vail and the Spring season for mems W
ONE woolens drags percepubly. Raw "
was is quiet, and the manufacturers
the buying to I'll orders actually bool