The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-01-25
The Improvement Is Apparent
Rather than Real.
ADVANCE IN STAPLE PRICES
Because Supply is Smaller than
the Demand.
REMARKABLE RISE IN WHEAT
Textile Industries Do Not Gain Though
Cotton Has Risen an Eighth on
100000 Bale Crop
Estimate.


New York, Jan. 24-R. G.. Dun &
Co.'s Review of Trade. which issues
tomorrow, viii say:
The week has been marked bv inn
provement apparent rather than real.
Prices of some products have risen, but
only because supplies are believed to
be smaller than was expected. The
Senate still Injuries all business by do
ing nothing, and the Treasury cannot
expect to gain in gold as yet, but loses
less than was expected. 1t is gener-
ally assumed that the new loan will
be placed without difficulty, though
the successive payments may cause
continued disturbance.
a deluge of foreign reports favorable
to wheat speculation found ready an
swer in an advance of over cents here,
in spite of western receipts, 50 per
cent larger than last year.
Cotton rose an eighth, although Mr..
Ellison estimated the WELD at seven
million bales, and receipts to date sup
port that estimate, but there are many
who reason that the surplus will be
dangerously small at the end of the
crop year, even if the yield is seven
million bales. The actual marketing
of goods in Europe and in this coun-
try hardly supports that view.
Textile industries do not gain. With
materials practically unchanged they
halt because the demand for future de-
sc
turers have for some months been
storing up staple goods, but prices
have gradually declined ever since
October nth, and now average Ga per
cent, lower than at that point, when
the rise from the lowest average OF
quotations in March, 1895, had been
22.9 per cent. In Europe, as here,
mills are running largely against eX-
pectations. Wooden goods also tend
lower. with small demand, and are
practically at the prices of year ago.
The iron and steel business finds en-
couragement i'm the advance of Besse-
mer pig to St3 at Pittsburg, and Grey
Forge to $11.25, but these are results
of the advance ordered by combina
tions i'm coke and ore.
The failures for the week have been
373 in the United States, against 1868
last year, and 63 in Canada against 50
last year.
BRADSTREET'S REVIEW.
New York, Jan Bradstret's to-
morrow viii say:
An analysis of the special kilograms
to Bradstreet's from the more import
ant business centers throughout the
country, shows considerable irregulari-
tv in trade, the most favorable fea-
ture being the tendency of staple
prices to advance.
The advance of Sc. in wheat again
raises the question whether the begin
ming of the end of the long period of
depression of cereal prices has come.
At such centers as Chicago and st.
Louis, reports are made that interior
merchants have been disappointed
in the seasons business, and were buy
ing somewhat more sparingly than
expected. although many jobbers at
those cities report that travellers for
clothing, dry goods, shoe and hard
ware houses, are taking fair orders
for spring delivery.
Total exports of wheat Clour in
cluded as wheat), from both coasts of
the United States this week amount
to 3.S49. 900 bushels as compared with
3,30a, 900 bushels last week, 2,S40,O00
bushels in the week one year ago,
2.947 900 two years ago, 2,531,0o0 bush
els in the corresponding week of 1893,
and as contrasted with 1857, 900 bush
els in the like week in 1892 Exports
of Indian corn aggregated 100000
bushels this week, a slight decrease
from the week before, but more than
four times the quantity sent abroad in
the corresponding week one year ago,
nearly twice the amount exported in
the week two years ago, four times
that sent out of the country in the like
week in 1898, and about 100000 bushels
less than in the corresponding week
in 1892.