The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-10-09
They Still Have Influence in
Retarding Business.
WEEKS TRADE REVIEW
FAILURES THE SMALLEST AND
BUSINESS PAYMENTS
a THE LARGEST.
mn DROUGHT IS SERIOUS EVERYWHERE

4 Decline Of t5c--A Weeks Crop
and Trade Conditions by Brad
street and Dun. ~
NV York, Oct. 8.-R. g. Dun and
dlompany's weekly review Of trade Wall
sny In it's issue tomorrow:
While failures were the smallest ever
Emown in any quarter since 1893, and
husiness payments through banks tle
largest by $26S, 100000 ever known in
September, the spectators who profess
anxiety about Cuba, or fever at the
South, or q municipal election, still have
some influence. Helping them just now
A. the fact that after extraordinary pur-
n4ieses for replenishment Of stocks from
any section or town there most necessar-
sly be for a time less buying from that
auarter. Yet business is still increasing,
che productive force steadily enlargcS,
the distribution of wages affords an in
<reasing fund for purchases and the
foundations are laid for a larger busi-
ness hereafter. The weeks exchanges
are S.S per cent larger than in 1892.
(srpp reports which have widely diff
sered. now agree in putting the yield OF
wheat about 5SO,000,000 to 590,O00,0O0
sbnshels, which is nearly 200,0O0,0O0
bushels more than will be required for
nome use, keeping stocks as they were
July LIST, the lowest for seven years. As
foreign reports indicate a larger demand
and exports since July LIST have been
nearly as heavy as in the best past year
with 1865, 7S4 bushels from Atlantic
ports. flour included, for the last week.
against 2,240,571 last year, the recovery
of ~ cents in price for the week is not
without reason. Western receipts con-
*inue to exceed last years S,001,22l
bushels against 7,243,969 for the week.
with less favorable reports of yield.
corn exports fall short slightly with small
differences in price. Cotton is unchang-
ed in price with larger consuming de-
mand, though big crop estimates do not
appear to be disputed.
Large increase in the production of pig
IRON and heavy realizing sales of lots held
an speculation have caused decline OF
rs cents to $1,000 for Bessemer at Pitts
burg. though grey forge there has adj
yanced % cents and pig iron is stronger
at Chicago and eastern markets. But
finished products grow stronger, with a
demand outrunning the capacity Of works
in operation in many branches, so that
delays in delivery are in sheets and tin
- p sa 80. - Gill
otneI urancnes oruels c1hny. nc nieu
wrnln one on TWO montns. Dululns u
more vesseis on lne laAes anu anu sea coas.;
pipe, have caused advances ageraging
half OF / per cent for the week on all
ciasses. but the general gain is yet not
quite ten per cent from the lowest point.
REPORTS of combination In steel rails are
0eH.eu unu !. 70 salu .nat ony .nlss ia.se
pl0uuce1s WIN usIee W prieIS mrie Ins
~ nlu VII conpacs appsS7ais - oe sim
~ 81 $3.50 -. ,,,,,s.S -. To- r,ass.;a =.
Of domestic by Coates Brothers, of Phil
adeipnaa, showing rise OF cents since
. year ago, with q much heavier rise on
SOME quanties Dut Following an average
9ecilne OF IL cents from Marcn, 1898.
ope .s saeSr s.il dccVunt lot most
o. tue aggregase' wnicn mas Deen at the
cnleI Markets 14,2S4,U ooo POUNDS TOT tne
week, o. wnlcn o,ooo,oSU were oomestic,
nut nialiuIacturers are purchasing some
x vul ior uA.ure VIII tne cls'a rs Wcoi
a ns,Ni Ior some uiohtns past. Inc rise
mus 30 greaIiy exceeded the ADVANCE an
prWes oI "ooien Soons that tne HILLS
tk
,n nase /" pause put ior ene very
E lsrs $500 purc.nseu an auvance.
s''oNN,s az o'.uns' Win iu,tner aufa nce
81 - "c ~. - 'ne ass,esa.e
..a;.,4 -. ~ 90 pea I'm sn oie u"1ss
go 49, - 49, " PC a,: anet ~ ane
49,. - pe - , 49, eainss III cv.-
.on soous aie ue"seu Ny Weahness III
-" ~, eol.on' ~. neltner pr.nt c,ouns nor
~ Soo's na u.,iineu sinee iast WEEK
amu en"asn 'ne i;li,s are NOT luiie iully
.,,,,,at;o, 4. ,,,:th .aaa a-ss.s :"
u WI:,, - VII leasuh eApec o,
YY..aas , c.. .ol .he Ween o were ~ III ths
20 - Cs aS"ins, 20 ,as. year ahu
- h'ua' asaihs' ~ last week.
BRADSTREETS REVIEW.
New York Oct 9-Rradc+roet,s 70
morrow win saw.
Distribution of general marcbopd;so :,
4be Central wast ora Northn.ns. =
gurtber checkod ow;na 20 tho nno,aaa5
droupht in Eant,,cLy I,l;noi. rs,
aos nortions of M;Sso,,r; NohuasI,a
Yoya Winno,ota ond en- nn,.otos IT,