The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-08-31

Crop Prospects, Except foF CoLtons
Have Improved--Labor Troubles are
Being Settled--Important Steps are
Being Taken Toward Re-Organiza-
ton of Great Acknowledgements OF
Gold are Being Met by Syndicate De-
posits--Cotton Rising in Price.
NEW YORK, Aug. 80. r. G. Dun &
Co.'S, weekly review of trade which
issues tomorrow, will say:
Improvement in markets and prices
continues, and whereas few months
ago everybody was nursing the faintest
hopes of recovery, it has now come to be
the only question in what branches, If
any, the rise in prices and the increase
of business may go too far. A strong
conservative feeling is finding express
sion, not as yet controlling the markets
or industries, but warning against too
rapid expansion and rise. In some
directions the advance in prices clearly
checks future business, but encouraging
features have great power.
Exports of gold continue, but are met
by syndicate deposits and are expected
to cease soon. Anxieties about the mo-
notary future no longer hinder. Crop
prospects, except for cotton, have some
what improved during the week. I'm
portant steps toward reorganization OF
great railroads give hope to Investors.
Labor troubles are for the moment less
threatening, and some of Importance
have been definitely settled. The indus
tries are not only doing better than any
body had expected, but are counting
upon great business for the rest of the
year.
The prospect for wheat has hardly i'm
proved this week though the price has
fallen 1-4c. Western receipts have de-
cidedly increased, but are only 1905, 905
bushels against 6, 42S, 294 last year, and
Atlantic exports are only 1875 for
the week, flour included, against 3,371,-
11s last year.
Corn is coming forward more freely,
and the September price has declined
quarter. With the promise Of a great
crop, pork and lard are shade lower.
Cotton is rising as if there were not
a surplus of 5000, 900 bales American
carried over to the new crop year,
which begins with next week. Whether
exaggerated or not, reports of injury
have impressed traders and pur-
chases in three days here amounted to
955, 300 bales. The price has advanced
to $40 cents, and as there is no large
supply of actual cotton available at this
time, the market price can be easily
moved. But if the yield is
as short as buyers believe,
it is not as good for bus
mess at the South, since the abundance
of old cotton in foreign markets must
hinder exports at high prices during the
very months in which planters are forced
to sell most Of their product. Already
dispatches indicate that the retail trade
at many Southern points is slack.
Failures for the week have been 1876
in the United States against 1876 last
year, and 40 in Canada against 40 last
year.
Bradstreet's Weekly Review.
NEW YORK, August 30, -Bradstreet
tomorrow, August 81, will say; The
concluding week of August surprises
even the more optimistic with striking
increase in the volume of business with
iobbers in staple lines at such centers as
New York, Baltimore, Boston, Chicago,
St. Louis, Kansas City, st. Paul, Mime
apolis, and to more moderate
extent, at distributing points in South
Atlantic and Gulf States, among them
Charleston, Chattanooga, Atlanta, Sa
vannah, Jacksonville, Birmingham and
Dallas. In dry goods, millinery, shoes,
hats and groceries the autumn demand
is making itself felt with the prospect
for further improvement in immedi-
ately succeeding weeks.
All winter lines of goods have felt an
improved request and manufacturers
and iobbers are preparing to handle a
a large fall trade. Even at the South,
where recovery from the effects of
the late depression was felt latest,
jobbers in dry goods, hardware
and groceries announce the re-
ceipt of many orders for September de-
livery. Even in Texas, where at the
South the State has suffered from
drought, and at the North from contin-
uous rains, and where the cot1Dn crop is
to be short in consequence, country mer-
chants report better feeling in all lines
and fair demand from wholesalers.