The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-03-27
The General Tendency of Prices
is Downward.
RISE IN SUGAR AND WOOL
M'KINLEY'S TRIBUTE TO THE
TRUST ROBBERS.
STRIKES ON THE INCREASE
Wheat, Corn ana Cotton Al Go Down,
But Farmers lmplments, Shoes
and DrY-Goods Go Up--Anti-
Trust Decision.
Trust Decision.

Trust Decision.
New York. March 26.-R. G. Dunn
and COmpany's Review Of Trade toner
row will say:
Rarely have markets sustained such
surprises as they have received of late
with so little loss. Foreign conditions
and London alarms, the collapse Of the
iron ore combination, the destructive
floods in the Mississippi Valley, and the
decisions of the Supreme Court against
railway associations, have been used to
the utmost, but not even in railroads has
the result been important. Were all as
sociations of railroads to cease it would
yet be in the power Of the capital con-
trolling important lines to stop serious
rate cutting if it chose. With conf
dence that better times and larger busi-
ness are coming, men are less disposed
every day to throw away good invest
ments, and the fact that prices of pro-
ducts are low is regarded as a guarantee
against much further decline. In all in
dustrials also the number Of mills and
shops and hands at work gradually in
creases.
The grain markets have lost without
reason the gain they made the previous
week. Wheat supplies are running out,
but nobody believes that there is coming
famine before June, when the harvest
ing of Southern wheat will begin. Corn
exports have been 12,763,579 bushels
against 4,577 900 last year. Cotton was
helped upward an eighth by the food, but
it has lost half the gain, although manu-
featuring is more hopeful. Without
change in prices goods are in better de-
mand, and sales of 100000 pieces of
print cloths resulted in stronger tone.
Final dissolution of the Lake Iron Ore
pool has been expected ever since the
Carnegie-R Rockefeller deal, and ensures
low prices for ore the coming year,
though perhaps not lower than in 1895.
Speculation in wool has recorded larger
sales for four weeks than ever before,
46,605, 300 pounds against 1884, ,576 in
the same weeks of 1892. Much more
than half is for speculation, as nothing
like the full capacity of mills is employed.
Failures for the week have been 291
in the United States against 259 last
year, and 80 in Canada against 80 last
year.
BRADSnREETS REVIEW.
New York, March 26-Bradstreets to-
morrow will say:
While the week is not without favora-
bic features, unfavorable influences have
been more numerous. Leading money
markets show no improvement. Mercan-
tile collections continue slow, as here
tofore, and the volume of funds offered
is in excess Of demands for discounts.
The tendency of investments to improve
has temporarily disappeared under the
influence of the Supreme court anti
trust decision which apparently
threatens arrangements for the mainten-
ance of railway rates, as well as railway
trades union activity. so far as it may
effect interstate commerce.
The tendency of prices is downward,
quotations being lower for wheat. In
dian corn, oats, coffee, cotton and for
pig iron and steel billets on the outlook
for lower priced ore.
Staples for which prices are higher
include wool, raw sugar, wheat, flour,
petroleum, linseed oil and turpentine.
The gradual increase in the number of
industrial strikes is the outcome Of q
movement to secure higher wages, and
in instances moderate advances have
been obtained. The movement of cotton
is not up to expectations and in some
lines is disappointing. The most notice
able improvement in trade is confined to
dry goods, hardware, leather, agricultur-
al implements and shoes.
Exports Of wheat flour included as
wheat) from both coasts of the United
States and from st. Johns N. B., this
week amount to 1,749,419 bushels COM
pared with 1,629,000 bushels last week,
1,744, 900 bushels in the week year ago,
2,562,000 bushels in the week two years
ago, 2,660,000 bushels, three years age
and as contrasted with 2.S75,000 bush
els in the like week of 1893.
WEEKLY BANK CLEARINGS.
New York, March 26.-Total bank
clearings for the week were $SS7,300,-
99S; decrease 1.3. Exclusive of New
York S3SO,671, ,406, decrease 4.2 per cent.
VEGETABLE TRAIN RUNS AMUCK
A Thrilling Story of What Might Have
Been.
Charlotte. n. c., March 2G.-(SpeciaD
A fast yp0ptahfp train rup niup pv+ra ron,