The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-08-03
MIDSUMMER QUIET
BUSINESS IN MOST LINES RE-
PORTED AS MERELY HOLD
ING IT'S OWN.
THECoTToN CROP 500, 900 BALES

tu@ w WV StS8s syOS@gS~S ~''%~
The Rush of Orders for Steel and Iron
Leads in Interest, Displaying Re-
markable Strength--MOre Failures
Than in the Same Week Last Year,
TheWheat Crop viii Lack 100 ,OOO.-
600 Bushels of Full Crop.
NEW YORK, Aug. 2.-R. G. Dun &
Company's weeklyReview of Trade, which
issues to morrow, will say:
There is perceptible halt which may
deceive if attributed to wrong causes,
Trade two months late in the spring
pushed forward into July a large share
OF business belonging TO April or May.
Seeing a rush of orders out of time,
many imagined it would continue, and
hurried to give other orders. The jam of
two months business into one lifted
prices. Then other orders came to an
ticipate a further rise. But the Md
summer halt was inevitable and it is yet
somewhat uncertain how much improve
ment will appear after it. The crop of
corn promises to be the largest ever
grown, and is almost out of harms way.
The crop of wheat appears, from later
accounts, perhaps, 20,000,000 bushels
smaller than was expected month ago,
and had the best hopes been realized
it would have been more than
100, 000,0 900 short of a full crop.
Cotton has lost a little and more
people seem to believe in 10000
bales than believ- d in 5000, 900 month
ago. Larger stocks than were immediate
ly wanted have been taken by traders as
prices were advancing, and these tend to
limit future orders. The general advance
in many products also causes reluctance
to purchase, and the distribution of the
past half year has been in part to make
up worse stocks and individual supplies
depleted in the two years of economy. On
the other hand, there has been enormous
increase in the working force and
a considerable increase in the wages
paid, which enables people to buy more
freely. Strikes of some importance ap
pear. but do not yet threaten to last
long, though strike Of coal miners for
a time affect business somewhat extern
sively. The hopeful spirit prevailing in
nearly all markets may find its warrant
in spite of some shortage in crops.
Business in cotton goods has been the
largest in July for several years, reck-
oning deliveries, but not large as to new
orders. a further advance of one quar-
ter cent per yard has been made with
moderate demand for some bleached and
brown goods, and prices are firm for
sheets and drills, while colored cottons
are quiet, with occasional advances.
Sales of wool have been only 6,072, $50
pounds for the week, against 9,336,400
in 1892.
Cotton has risen an eighth in price,
wholly on bad condition reports, but at
the lowest estimate the years yield, with
stocks carried over, will exceed the
worlds demand.
Failures for the week. have been 261 in
the United States against $50 last year,
and % in Canada against Al last year.
Bradstreet's Review.
New YORK, Aug. 2.-Bradstreet's to-
morrow will say:
The week presents larger volume of
trade in many lines and at many points
than in the weeks before and one year
ago. The rush of orders for steel and
iron leads in interest, displaying re-
markable strength. Western manufac-
turers have been obliged opurehsse East
arm hillets to meet their orders.
Another conspicuous feature Of the |
week is the evidence Of reviying conf
dence on the part of western and north
western interior merchants now that the
corn and spring wheat crops promise
well. This Is shown plainest at Chicago,
st. Louis, Milwaukee and st. Paul where |
orders and sales to buyers in person have !
increased to a striking extent. AT |
the South general trade remains as Of |
moderate volume as previously noted,
Nashville and Galveston alone reporting
material gains There is better out
look and feeling at Charleston, but else
where mid summer quiet rules. Delay
in paying the sugar bounty affects trade
very unfavorable in Louisiana.
Exports of wheat flour included as
wheat from beth coasts of the United
States and from Montreal show moder-
ate increase over week ago, the total
being AGO, 900 bushels gain of about
200, 900 bushels This is due to increased
exports of -four, principally from New
York, Baltimore and Newport News.
This weeks total of wheat and flour ex
ports of / AGO, 900 bushels is contrasted
with 2,977, 900 bushels a year ago, s.,
662, 900 two years ago, 1878, 900 bushels
in the corresponding week of 1892, and
4, OBS, 900 in a like week of 1891.
He Married Four Wives