The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-11-10
GOOD FEELING IN
ALL TRADE LINES
Outputs of Iron and Steel Still
Break Records
CAR SHORTAGE A FEATURE
Coke Is Firmer, Iron Continues to Ad.
vance and Cotton Keeps Up the
Rapid Decline Begun
Last Week.
CAR SHORTAGE A FEATURE

New York. November 9.-Bradstreets
tomorrow will say:
Greater confidence, resulting from the
election, marked advances in wages of
railway employees the greatly improved
collections, large filing in orders. indicat-
ing heavy consumption. good business on
spring account, a continued scarcity of
labor and record breaking outputs of iron
and steel are pre-eminent features of the
week. Business has been active but COM
plants of slow deliveries on orders are
almost universal, cotton, dry goods, lum-
Der, coal and iron and steel dealers all
complaining. Car congestion explains
some of this, and with present prices of
grain, accounts for slow movement from
the FARMS but scarcity of labor is re-
ported largely responsible for the back
ward deliveries of dry goods Industry
presents as active an appearance as ever,
and labor is getting high returns, an ex-
ample of this being afforded by an ad-
vance of 10 per cent in wages by num-
Der of leading railroads. All in ALL the
situation is one of immense activity and
Of eagerness Prices for pig iron con-
tinues to advance, the increases ranging
from Csc to 81 a ton. AT New York de-
mand particularly for basic iron is of
insistent character, but in other centers
buying is limited. The most important
occurrence of the week is the heavy
purchase of ore for next season at con-
sderably higher prices.
Large orders for steel cars are on the
market and locomotives are being ordered
freely.
Coke is firmer and in good demand,
while coal is working into a better posi-
ton. Lake copper advanced to 22Ha cents
a pound, a record price on very heavy
sales for delivery next year.
There is rather more buoyant tone in
the shoe trade.
The position of manufactured textiles
was apparently never stronger than it is
at present. Cotton goods have been quiet
over election, but not so much because
of uncertainty as because all goods that
can be secured in the next few months
have been sold.
Cotton continues the rapid decline of
last week and up to Thursday had lost
10 points from the high point in the
late rise, though still 40 points above the
low point touched late in December. Very
large movement good weather in the belt
were the impelling forces. Sales of wool
are smaller at Boston, but still above the
normal.
Business failures in the United States
for the week ending November number
LAG. against 1853 last week and 166 in the
| like week of 1905. Canadian failures for
| the week number Is as against q last
week and 80 in this week year ago.
Wheat including flour, exports from the
! United States and canada for the week
| ending November s aggregate 4,155,S1i
bushels, against 4,492974 last week and
| 1852, 425 this week last year. For the
! past nineteen weeks of the fiscal year the
exports are &c, $50 bushels, against &c.
! .256 in 1905.
Corn exports for the week are S7092i
bushels. against 1,3O0.221 last week and
/ $50 year ago. For the fiscal year
| to date the exports are 154S7,0S3 bushels,
| against 10 ~ 500 in 1905.