The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-05-15
A COMP PARAT|VE CALM
That is the Story This Week
of BradStreet.
FAILURES INCREASE 40
BUT DUN TAKES A ROSTER VIEW
OF 1T.
WHEAT, CORN, COTTON RISE
Several Furnaces. Specially Those Pro-
oucing Foundry Pig Iron Have Stop
ped Production For This Mo nth
--Cotton Lacks Demand.
WHEAT. CORN, COTTON RISE

--Cotton Lacks Demand.
New York, April 14-Bradstreet to-
| morrow will say:
The unexpected falling off in the re-
| quest for staple goods within Il month
| results in period of comparative calm
at the time when Il general revival in
| demand had been looked for.
| Wholesalers report that the volume of
| business consists of filling in orders, even
| Chicago not claiming more than to have
held its own in volume of goods dis
tributed. Interior merchants continue
| to buy for nearby wants only, and in
many directions farmers are too busy
with field work to supply their wants at
the country stores.
The continued subsistence of the
floods in the lower Mississippi river val
| ley has encouraged wholesale merchants
in that region; grocers report an un-
usually large distribution of canned
| goods west and southwest, and the eX
treme depression in pig iron prices is
followed by large western purchases.
l Wholesale dealers announce an in
| creased demand for groceries and hard
ware at Duluth. st. Paul, Minneapolis.
Kansas City and Memphis.
| Exports of wheat flour included as
| wheaO from both coasts of the United
States and from Montreal this week
amount to 2,1S3.S75 bushels. as COM
pared with 1.799OOO bushels last week,
| l 1.9O3. 900 bushels in the week a year
ago. 1897 900 bushels in the week two
years ago, 2.420.000 bushels three years
ago. and as contrasted with 3.So5,O0O
| bushels in the like week of 1893. Ex-
ports of Indian corn amount to 3.O96, ,S34
| bushels. compared with 3,121.00O bush
els last week. 1,663. 900 bushels in the
week year ago. 1.21O.OOO bushels in
the week two years ago. 1,111.OOO bush
els three years ago. and as contrasted
with 1.241.OOO bushels in the corfes-
| ponding week of 1893.
| There were 251 business failures re-
ported throughout the United States
this week, compared with 22S last week.
90 in the corresponding week one year
| ago. and 21O two years ago, 1856 three
| years ago, and as compared with 80 in
| the like period of 1893.
There are 81 failures reported from
the Dominion of Canada this week,
| against 80 last week, "a in the week a
| year ago. 2S two years ago. and as con-
trasted with % in the like week of 1894.
DUN's REVIEW.
/ New York, May 14.-R. G. Dun and
Company's review of trade tomorrow will
say:
Spectators have enjoyed an advance
in wheat corn, cotton and some other
products, though obliged to sell wool and
sugar at lower figures in order to realize.
Stocks have advanced seven cents per
i
out enough demand to constitute a mar
ket. Imports of merchandise, 1882, ,O19
, | for the week at New York alone, are 81
per cent larger than a year ago, making
the increase AZ per cent for the past six
! weeks and have affected the exchange
markets and helped further shipments
of gold, which amount for the week to
$2,75O,OOO, but are practically balanced
, | by receipts from the interior, and cause
no serious apprehension of financial dis
turbance. Men feel that present condi-
: tions are only temporary although they
tend to prevent immediate improvement
e in general trade and hinder immediate
l investments.
The government crop report estimates
t cotton acreage at six per cent less than
;. last year and is considered encoura gine
v floods may easily be made up Prices
;. have advanced an eighth ON Liverpool
t speculation, with nothing here to war.
rant the rise. The winter wheat report
e which is supposed to indicate yield
e of 297 100000 bushels, is contrasted with
State reports much better or much worse
but is distrusted mainly because all de-
'. partment estimates of acreage for years
have been wildly erroneous. Western
Y receipts continue larger than last year
8 2,1O9, 123 bushels, against 1,S7O,367 a
}, year ago and Atlantic exports also in
l. crease, amounting for two weeks in May
e to 3,1O6,9O9 bushels, flour included, a.
: gainst 2,OS3,414 last year. Exports OF
|, corn are still large, $685. ,955 bushels
l. for two weeks against 3,004, ,1S1 last yeal
and in part account for the smaller de
. mand for wheat.
The output of pig iron for the weel
= ending May l was 170,528 tons agains
= 1929 April /, and the stocks unsold
exclusive of those held by the great stee
:, making companies, increased only S,SOS,
;, 900 tons. Several furnaces, especially
- those producing foundry iron, have stopp
q ed production for this month, but no i'm
= pOrtant changes appear in pig iron, which
r is quoted at $825 for grey forge at Pitts
: burg and 1925 for Bessemer and 81.
g for No. 1 at New York, though only 10.7!
: is asked for Southern. Reduced Southern
l. freights here have not altered the marke'
s materially and at Chicago also the loca
is prices have been reduced. The demand
# for finished products Is below the capaci
e ty of works in operation and the aware
!, Of the contract for the Montreal bridge
= which is said to be at 80 cents for beams