The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-05-08

flooded districts of the Mississippi river
valley in portion of which planting has
begun; better demand for staples at Balti-
more, st. Louis, Omaha, Milwaukee, st.
Paul and Sioux Falls; larger sales of
iron ore to western furnaces and a re-
yival of activity among country mer-
chants in some central western States.
Unfavorable trade features include the
further decline of prices for Bessemer
pig iron and steel bilets, with produc-
tion of pig iron in excess Of consumption
and the prospect favorable for blowing
out a number of stacks. Cool weather
west has checked the retail demand and
complaints are received from wholesale
dealers III shoes, clothing and dry goods,
Low temperature has retarded the
growth of cotton and corn in Texas and
in Kentucky the leaf tobacco crop will
be short. The lake trade outlook is not
satisfactory; the movement of building
materials is slow; mercantile collections
show no improvement and the springs
trade i'll general continues disappoint-
| ing.
Exports of wheat from both coasts of
| the United States and Canada this week
| (nour included as wheat, amount TO l.
| '99,322 bushels, as compared with 1.155.-
| OOO bushels last week, 1882, 900 bushels
In the week a year ago, 2,S05, 900 bush
els two years ago, 2,S15,0O0 bushels
| three years ago and as contrasted g
| Il2,OOO bushels in the like week Of 1893.
| Exports of Indian corn amount to g.
! 12I,1S bushels this week, compared
| with 1857 600 bushels last week. 1891
| 900 bushels in the week a year ago, $685.
| 600 bushels two years ago, 100000 bush
els three years ago, and as contrasted
| with 1,046, 900 bushels in the like week
| of 1893.
| The total number of business failures
| throughout the United States this week
does not vary materially from what may
| be regarded as the average in recent
| years for corresponding period, a.
| mounting to 228, against pa last week.
267 in the week one year ago, 224 in the
week in 1895, 1913 in "a and 219 in '93.
There are 80 business failures reported
| from the Dominion of Canada this week.
compared with 81 last week, 3S in the
week i year ago, q two years ago and
| 30 in the like week of '94.
WEEKLY BANK CLEARINGS.
New York, May THE total bank
| clearings during the week in the United
States were $1,120, ,S74, ,S32; per cent de-
crease. 1.6 Exclusive of New York.
S4S3 223, OBS; per cent decrease, So.
HESTER'S COTTON STATEMENT.
New Orleans, May 7.-Secretary Hes
ter's weekly cotton statement shows the
amount brought into sight So, $50, against
4l,344 for the seven days ending May Z
| hast year, 80, 766 year before last, and
25,37I same time in 1894 Total move
ment from September / to date. S.163.-
I4S, against 6,139, ,291 last year, 9,573.-
421 year before last, and 7,191,77S for
the same time in 1894 The movements
since September l shows receipts at all
United States ports 6,540,590, against
5,O19,2SO last year, 7,775, ,427 year before
last, and 5,711,31S same time in 1894;
overland to Northern mills S42,9S1,
against T66,244 last year, 1,021 year be-
fore last, and S01 500 same time In 1894;
Southern mill takings 760,066, against
1886 last year, 6S7, ,091 year before last
and 6OO569 same time in 1894; Northern
mills taking 1,5S3, $50, against 1 ,4S3, ,6223
last year. Foreign exports for the week
have been 1O1 1,741, against 61,S12 hast
year. making the total thus far this sea-
son 5,574,O6O, against 4, i92, ,326 lest year,
or an increase of 1861, ,134. Including
stocks left over at the ports and interior
towns from the last crop and the number
of bales brought into sight thus far for
the new crop. the supply to date is S,5O2,-
29I, against 7,049,249 for the same
period of hast year. @"1@