The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-03-28
No Important Change in Con-
dition of Business.
DURING THE PAST WEEK
Foreign Trade is a Little More
Satisfactory.
HEAVY FAILURES ARE REPORTED
The Labor Troubles in the Clothing
Trade Are Also Causing Much
interruption Of the Course
of Business.

New York, March 27.-R. G. Dun &c
Co.'S Weekly Review of Trade, which
issues tomorrow, will say:
No important change has occurred
in the general condition of business
during the week and if trades in some
respects look worse, in other respects
they look better. Some failures of
magnitude have occurred which have
caused much apprehension and unwil-
lingness to lend among bankers and
there have been somewhat less favor
able features in the dry goods market,
but in iron and steel conditions are
slightly improved, and in boots and
shoes considerably more hopeful. The
labor controversies, mainly in the
clothing trade, still cause much inter-
ruption of the business.
Foreign trade is a little more salts
factory, exports from New York for
three weeks showing an increase over
last year of per cent, while imports
have shown nearly the same rate Of
decrease, and there are not wanting
signs that the domestic markets have
been somewhat overloaded with many
kinds of foreign goods. On the gem
eral course of domestic trade, prices
tends to favor the marketing of sta
pies abroad.
Cotton had a lively rise with the
covering of short sellers, but began
to decline again a week ago and has
been tagging ever since. The receipts
from plantations continue quite large
as in the same weeks of the last short
cfrrhF NIT
the quantities known to pe neld by
European and American mills, make
up an ample supply for the rest Of the
crop year.
A heavy failure in Texas viii swell
the aggregate Of returns for the past
week, which includes 259 in the United
States, against 234 last year, and 80 in
Canada against 40 last year.
BRADSTREET'S REVIEW.
New York. March -Bradstreet's
tomorrow will-say:
The week has brought more tavora-
BILE weather. which tends to create
better feeling. But trade; except at
Baltimore. Minneapolis, ST. Paul and
Chicago. and to a moderate degree at
other points, remains dull and unsat-
isfactorv The most encouraging feat
ure is the advance in prices Of wheat,
Indian corn and Bessemer pig iron, IT,,
latter being based on the higher value
placed on Lake ores. While there have
been larger sales of dry goods, shoes,
hardware. iron and leather at Chicago,
business in other lines continues slow.
The check in demand for groceries and
provisions at the South is due to
Southern planters having raised larger
food crops this year
San Francisco's exports to Asia have
fallen off, but those to Mexico and Cen
trail America are the heaviest on re-
cord. Portland, Ore, is sending large
quantities of lumber to the west coast
Of South America and Tacoma cotton
cloth. -four and lumber to trans-Paci-
fic markets.
One of the most unpleasant features
is lack of improvement in mercantile
collections. This. with the commercial
calm at many of the more important
trade centres, points to some of the eff
fects of the prolonged period
of withdrawal of capital from enter
Drises in the United States and to the
unwillingness of accumulated domestic
capital to seek new ventures at pre-
sent.
WEEKLY BANK CLEARINGS.
New York, March 27.-TotaI bank
cleariugs for the week 1896, $50, 1853, per
cent increase 9. Exclusive Of New York
S394GO2, ,585, per cent increase, z, Total
for Canada S16,OS7, ,226, increase So.