The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-08-17
OUTLOOK FOR TRADE
REVIEW OF Tue SPECULATIVE
AND STAPLE MARKETS FOR
THE WEEK.
THE BOOM IN IRON CONTINUES.

But With This ExCepacn the 10 i'd
Summer Decline of July Continues
Into August and is Rather More Com
spicuOns Than Usual--But the Gross
ard Net Earnings of the Railroads
Show Satisfactory Gains and the Out
look is for an Active FAN Trade.
New YORK, Aug. 18.-R. G. Dun &
Co, will say in their review Of trade: 1t
IS a belated season; a frozen May set
everything back. The heavy business
which ought to have been done ip May
and June was pushed into July, so that
the mid summer decline in July comes in
August. With this in mind, one is not
surprised to fnd the sfrinkage from
July to August rather more conspicuous
than usual.
The disappointing crop reports of last
Saturday, though evidently distru5ted,
lessen confidence in egard to the future
of trade, even while some spectators
gain by them.
Back of all doubts is the fact that the
Industrials are doing better than any
body could have expected. The output
of pig iron August 1st., was 1870, 525 tons
weekly, oE>76, sos tons by another report.
In either case it is greater than the larg-
est output of 1894, though surpassed
Is, 900 tons in the spring of 1893
The sales of steel rails IA 1895 to Au
gust 1st., were 800, 900 tons, and the de
liveries 582, 900. Wages In this industry
have been generally advanced and strikes
few. Other metals change little though.
The textile imports have been heavy,
and advances in cotton goods to some
extent check buying, while Fall River
spinners are organizing for restoration
Of wages paid before the panic.
Crop reports modified expectations as
to cotton and wheat, and cotton specu-
ators have bought, lifting the price
fvesiXteenths, while wheat, with more
evidence of loss in yield, has declined
II 8 cents.
A third of the years consumption of
American cotton is yet on hand, but not
a third of the years consumption of
wheat. Receipts for the week were bet
ter, but not half last gears, and in three
weeks 6, 598, ,531 bushels against 17,211,
0S3 bushels last year. Atlantic exports
for the week have been 989, ,301 bushels
against 2, ,749, $50 laas year, fur in
duded, and for three weeks 2, 52, $50
bushels against s, 242, 65e last year.
The official reports for July show
exports of 8,611, OPS bushels, flour in
cluded, against 10, 500, 147 last year, but
the Pacific exports increased FIVE fold at
an average of SIC. per bushel, while At
lantic exports at 72c. per bushel were
but 6,022 $50 bushels h0UE included
against 10, 265, $50 last YeaA Corn de-
clined Sc. with favorable news and
Pork fell 2jc per barrel and lard 18c.
Failures for the week have been 1876 in
the United States against 2s9 last year,
and 38 in Canada against - last year,
BFadstreet's Review.
NEW YORK, Aug. 6.-BradstFeet's to-
morrow will say:
Midsummer quiet is more conspicuous
than week ago, though less SO in indus
trial than in commercial lines AS q
rule, leading manufacturing industries
are exceptionally busy for the season,
and it is worth adding that the increase
in output of demand and prices for iron
and steel still continues. Gross and net
railroad earnings, returns for the first
half of the present year, show very salts
factory aggregate gains over last year, a
period of great coal and RAILROAD strikes
and financial and industrial depression
and arrangement. The best sbOwngs in
net earnings are made by the Central,
Western, Eastern and Southwestern
roads, while the only decreases noted are
in the Granger and Southern roads. Job
bers in the more important staple lines
at Chicago, St. IIonis, Kansas City.
| Omaha, Milwaukee, Minneapolis and st.
Paul, report an improved demand. The
outlook at present is for an active fall
| business.