The age-herald., 1901-10-19
COOLER WEATHER IMPROVES TRADE Continued Activity in Leading
 Industrial Lines GLEARINGS HAVE EXPANDED Iron and Steel Consumption Continue Equal to and In Some Cases
 In Excess of Pro-
 ducton.
GLEARINGS HAVE EXPANDED

New York October S.-Bradstreet's to-
 morrow will say:
 Among the notable features brought out
 in trade dispatches to Bradstreets this | week are the reports of stimulated retail
 trade, due to cooler and settled weather, | with advices of continued activity in all the leading industrial lines, notably iron and steel shoes and leather. coal, lum- Der, jewelry and cotton and woolen goods. The shipments of products of these industries and Of groceries to con suming sections continue heavy, due to the scarcity of cars. Another one of those slight upward swings in prices of staples so numerous of late, has also oc- cured by which the general level of ce- reals, raw cotton, dairy products and Lake Copper has been raised. Clearings have expanded because of an extension in the security markets, but also because of continued good collections, which in turn have induced rather more ease in money rates at leading markets. Ad- vices from the South are still of a back ward cotton crop movement, hampering fall demand and collections, but even here there has been an improvement noted this week.
 Outlook Tn Steel.
 Iron and steel consumption continue fully equal to. and in some cases, in ex- cess of production. Features this week have been the sale by merchant furnaces in the Pittsburg district of 67OOO tons of Bessemer pig iron to leading interests at from $15.25 to s15.50 per ton at valley furnaces. Steel billets have continued scarce and are practically unootainable for prompt delivery though s27 and $2S per ton is offered against the nominal quotation of $26 for distant delivery. Pig Iron stocks in the central west are said to not exceed one weeks supply. Orders for fully 100000 tons of rails for next years delivery have been booked, al- though the principal consuming interest has not yet apportioned its business, which Is expected to exceed 1S5,000 tons. Plates, bars and sheets and structural material are all active. but iron bars are reported easier. Tin plate mills are catching up with their orders and a cut is reported in the price of wire nails.
 Railroads are in the market for cars. and one Western system has bought 2000 this week. Export business in iron and steel Is not promising.
 Cooler weather and fear of frosts, coupled with good reports from the print cloth industry have stimulated raw cotton and this in turn is reflected in higher quotations for nearly all leading bleached cottons. The conviction seems to be growing that the cotton crop this year will not be as large as hoped for and estimates by leading authorities point to all available present and possible future supplies being needed. Woolen goods are rather quiet as regards new demand, but | the mills are busy on heavy weights, and | when these are out of the way a large volume of orders for spring weights l guarantees continued activity. Wool Is steady and firm with a large consumption | progressing.
 Cool Weather Apathy. The cereals markets were rather rather apathetic this week. Reduced speculative interest and liquidation caused by larger receipts at the Northwest weakened prices early. Decreases in these receipts and sm aller Argentine shipments and poor crop reports brought about rather firm CT feeling later by which. the early loss was regained and a slight advance regis tered on the week. All estimates agree | that the worlds wheat supply will be | larger than year ago, the increase be- | ing here and in Canada and the decrease | in Europe; but against this Is to be cited
 the fact that the rye, corn and oats | yields, not to mention other foodstuffs,
 are smaller this year than for some years past
 | Failures in the United States for this
 week number 1S9 as against 1S3 last week.
 22S this week year ago, 221 in 1899 and | 213 in 1S9S
 Canadian failures for the week number 2e as against s5 last week. 22 in this week year ago; 20 in 1899 and "A in 1898 and 4S in 1S97