The Birmingham age-herald., 1912-08-31
P|G IRON DISPLAYS
 MARKED ACTIVITY Business Conditions More
 Measuring MONEY IS IN DEMAND Crop Developments Continue Excep- tionally Favorable = Industrial Operations Are Moving at
 Swifter Pace
MONEY IS IN DEMAND

New York. August -Bradstreet's to- morrow will say:
 Business conditions are even more re- assuring than heretofore. Crop develop ments continue exceptionally favorable, industrial operations are moving at a swifter pace, labor is in seanr supply, both in mill and field; buying for fall, winter and next spring is of larger pro- portions, money is in more acliye demand, currency is going to the country in larger volume, general shortage of railway cars in another month seems certain, the pig iron trade displays marked activity and collections are gradually improving with further betterment likely to ensue when the marketing of crops IS on T larger scals. Retail trade reflects end of the season conditions but fall buying Is expected to be very heavy, particularly as the soil has produced so much wealth, which will be fully reflected later on in a free circulation of money, while the widespread employment of labor is ex pected to make for steady eonsumptive demand
 In point of activity, dry goods and It's
  builders materials, hardware, hides and leather and shoes, merit especial men, ton. Transactions in wool were the largest of the year and little concern is evidenced In that quarter regarding tariff changes. which, in fact, are deemed un- likely, at least, in the immediate tu ture.
 Business failures in the United States for the week ending August %, were 229, q paipsf of4 waplx 164 in the lilsr Weatt of 1911, 179 in 1910 166 in 19o9 and 210 in 1908
 Business failures in Canada for the week were 26 in number contrasted with s last week and 90 in the like week of last year.
 Wheat including flour, exports from the United States and Canada for the week ending August 2 Galveston missing, ag gregate 3,545,134 bushels, against 3.SSS 569 bushels last week and 3,07s,75l bushels this week last year. For the nine weeks ending August 20 exports are 25,922, 7y3 bushels against 23,224934 bushels in the corresponding period last year Corn ex ports for the week 59.656 bushels. against 57,2S5 bushels last week and 129,- 775 bushels in 1911. For the nine weeks ending August 29. corn exports are 762,- 11o bushels, against 4,4755o3 bushels last year.
 New York August 31.-R G. Dun & Co.'S weekly review of trade tomor row will say:
 Advices from leading cities with scarcely an exception speak of a big ger volume of trade larger advance orders, better employment of labor and a growing confidence that the now practically assured crops make the fu- ture secure. In every part of the country business optimism is the rule, and all other considerations practi- cally are ignored in the light of con viction that the period of national prosperity has set In. which only some great and improbable calamity could stop.
 The advance In the Bank of Eng land rate of discount to 4 per cent Is an international expression of more ur- gent demand for money as result, in large part, of the increased move ment of products to market higher money, which Is the result of business activity. Is not a sign of weakness.
 The industrial improvement is shown by the fact that the large increase in September dividend and interest dis bursements Is chiefly due to the big ger earnings of industrial corporations Foreign commerce is large but the fea- ture now is in the growth of imports
 Further advances are generally ex- DeCteu III ilOu anu SNotl, itiiOtbiiiB bHc prevailing satisfactory conditions in this market. Stocks of pig iron are low and prices very firm, although present buying Is rather light as consumers appear to have sufficient supplies to last them up to the first of the year. Producers, however are not accepting orders very freely for delivery during the first quarter of 1913, as they ex- pect better prices later on. Sheet steel is in good demand and the larger plants are sold up to next January. Similar conditions prevail in wire pro- ducts and prices on these have been ad- vanced. No large individual orders are reported for steel plates. but the total of small orders aggregates a good tom mage Railroad requirements neces- sitate the placing of considerable bus mess and a substantial volume of or- ders for rails and other equipment Is said to be pending.