The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-07-27
FINE CROP PROSPECTS
NOW THE MARKED FEATURE OF
TRADE, SAYS BRADSTREET
AND DUN,
A BOOM IN TEXTILE PRODUCTS.

No Shrinkage In the Volume of Busi-
ness Noticeable Except That Which
Comes Naturally With Midsummer
Heat--L Large Demand for Iron and
steel--Light Receipts OF Wheat and
the Smallest Export of Grain and
Flour Since June l, 1891.
NEW YORK, July 28.-R. G. Dun &
Co. S weekly review Of trade, which is
sues tomorrow, will say:
1t is not the season for the tide Of
business to rise, but there is perceived
scarcely any shrinkage except that which
comes naturally with mid summer heat
The volume of new business is small
compared with recent months, but large
enough to encourage more opening of
long closed works and more advances in
returns to labor. Important strikes
show that the advance is not enough for
some, but seem not more threatening
than week ago.
Accounts of shrinkage in the yield Of
wheat come both from Pacific States and
from the Dakotas. 1t would be strange
and unnatural for July without such re-
ports, and yet they have weight enough
this year to lead even the most expe-
perienced to reduce somewhat their esti-
mates of yield, while the price has ad-
Vanced IA cents. Light western re-
Ceipts for the week, not a third of last
years, and for four weeks only 5,366, 063
bushels against 11,983,619 last year,
strengthen adverse reports becars,
the price a year ago was about 90 cents
lower than it is now.
The western movement largely de-
pends on the export demand, which is
phenominally light, Atlantic shipments
for the week having been, -four included,
only 671, SCI bushels, against 2,S18, 996
last year, and for four weeks only 3, 500,-
$50, against 1856, ,722 last year.
Corn advanced about a cent with
wheat, but has since lost all the gain.
2sCotton has remained unchanged at z
cents, although the latest reports favor
larger estimates yield, a circular by
Neill going much beyond other figures.
Prices of iron and steel products still
rise, the feature this week being the
startling advance of fifty cents per keg
in cut and wire nails, with new cards for
various sizes which it is stated, make the
advance actually greater than it appears.
Textile works have better outlook
with larger demand both for cotton and
Woolen goods, a shade advance in print
cloths and in most bleached goods and a
more hopeful market for light weight
woolens.
Failures for the week, were 202 in the
United States against 240 last year, and
27 in Canada against 80 last year
Bradstreet's Review.
NEW YORK, July 26. .-Bradstreet's to-
morrow will say:
The most striking features from the
business week are the influences of i'm
proved crop prospect; and the continued
large demands for iron and steel, with
one of the largest makers in the market
as buyer of Bessemer pig.
Most of the commercial and indus
trial features of the preceding week are
retained. Commercial travellers are be-
ing sent out in all leading lines, and re-
ports from those now on the road appear
to meet expectations.
The strength of the wheat market,
based on the reports of damage to the
spring wheat, together with the falling
off of receipts at primary markets, is
followed by drop in the quantity of
wheat exported this week, which total
(flour included as wheat, amounts to
1895, 900 bushel from both coasts of
the United States and Montreal, COM
pared with 1852, 900 bushels last week,
1885, 900 bushel in the four week Of
July, 1894; 4,363, 900 bushel in the cor
responding week of 1893; 1884, 900
bushel in 1892, and 9,164, 900 bushel in
1891. The present weeks shipments,
therefore, are the smallest sent out since
the first week in June, 1891.