The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-05-24
DUN AND BRADSTREET
Business Growing Used to
War Possibilities.
WESTERN PROSPERITY
TT HAS ONERBALANCED IlNlDl-
TY OF EASTERN CAPITAL.
EXPORT OF WHEAT CONTINUES HEAVY
Output of Iron Greatest Ever Known The
textile Works are Doing Rather
Better all Tres for the

New YORK. May OR. O.. Dun and
Company's Review of Trade will say
tomorrow:
Growing accustomed to war posi-
bilities. which are mostly far from pro
liabilities Of evil and finding the ma
ZION moving along steadily i'll its m
dustrieS. people are graSping the Idea
that it is throwing away some months
of active and profitable life to wait
mil war clouds have'passed. Western
nrosperity has so greatly overbalancetl
timidity of eastern capltal that ac1hal
business lone increases. railroad earnings
promise better for May than Il month
ago for April. and payments through
clearing houses for the week IN
Nav show .; gain of SO per cent over
last year and - per cent over 1877
while II month ago the increase over
last year was 1916. and compared with
1892 there was 4 decrease of - per
cent. Several large contracts Kept back
for some weeks because Of hostilitieS
have now been placed. and instead Of
works closing or reluclL" force. returns
show the starting Of some works long
idle. and increase of force or OF hours
at Others. Government work occupies
many establishments, cut 1t counts Tor
little compared With other demands.
The key Of the situation is the pros
Deritv of the West which altogether I'M
precedented marketing of bread-stuffs
has caused. with the prospect Of good
crops to come. These prospects. and
actual receipts of wheat amounting to
1.SIO.116 bushels for the week. against
2,439.1G3 last year with advances also
in other grain and cattle, have pro-
duced a demand for rails. cars, car mate
rials. fencing implements. boots and
shoes and all textile goods, which was
not anticipated from eastern indications.
Exports after wheat do not diminish. but
in three weeks from Atlantic ports four
Included. have been 1.9oo. $50 bushels
against Hts. 142 last year. and from
Pacific ports 1. 73S.123 bushels against
61O.631 last year. The price of May
wheat fell ~ cents. on Saturday rose
I cents Tuesday, and closed 515 higher
for the week.
Iii iron. Notwithstanding the greatest
output ever known. the demand has
caused some advance in BeSSemer pig.
with only a slight decline in the price of
~ 81 tSbi -. III lIIl quo
tations are obtained at Chicago and
Philadelphia.
The textile works are doing rather
better. even the cotton mills. in spite Of
their over production. for some Of large
Importance. have recently started again,
ana print cloths are Il sixteenth higher.
Numerous wooden mills have been push
ed into activity by government orders.
and prices for a few grades of goods are
better. with Il StrOnger tone in the
market generally, although some mills
or importance have stopped as their or
derS for the season have run out. While
sales Of wool are small. G33S 900
pounds f." the three We Ks past against
2I.9G3. 100 last year, the manufacturers
have ample stocks. although some are
obliged by government orders. t. seek
III the market grades of wool which
they mad not expected to require.
Failures for the week have been 900
the United States against 24S LAST
year. and % in Canada against 81 last
year.