The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1898-09-27

New York, September 23.-Brad
streets tomorrow will say:
Favorable trade developments mani.
tested themselves chiefly along the
lines previously noted. The import.
c of a large export demand to the
country's domestic interests is illus
trated by the improved tone and prices
OF wheat and -four this week. growing
out OF the better foreign buying Undue
ed by less favorable Russian crop re-
ports. smaller shipments from that
country and apparently continued care
ful selling by American producers.
Raw cotton, on the other hand, re-
meets probabilities Of continued plen-
tiful supplies and rather slow demand.
In quotations lower than the lowest
point reached in the year of depres-
sion nss4) when a large deal was C o
incident with poor trade, industrial
troubles and tight money.
Some relaxation in activity is per-
ceptlble in SOM lines at large markets,
but the state of trade as a whole is
evidently equal to any previous record
AT the south low price cotton and yell
low fever guarantees affect trade ad-
versely, improvement in one section
being counter-balanced by less favor
able advices from others. Favorable
conditions on the Pacific coast are
most n~umerously reported in the states
OF Oregon and Washington. Conser-
vative management earlier in the year,
however, has resulted in fairly
good conditions in California, where
crops were less favorable than further
north, and failures are down to a min
imum.
At the east the least favorable re
ports continue to come from the textile
industries. Wool is quiet and manu-
%facturers are not encouraged to buy
heavily in view of the very moderate
trade in wooden goods. Cotton goods
are in better distribution, but prices
betray the unsettling influences Of low
prices for the material and print
cloths are slightly weaker.
Activity in iron and steel manufac-
ture continues undated and similar
conditions are reported abroad. Talk
of further advances in price has in
creased. particularly in this country
which today, generally speaking, is the
cheapest market for iron and steel in
the world. The export trade in pig
iron from southern points continues
very heavy land another advance Of %
cents is reported by some large south
ern concerns.
Improved foreign demand for Amer
lean cereals is shown in the large vol
ume of shipments this week. Wheat
shipments, including flour, aggregate
4,991,353 bushels, against 3,675,291
bushels last week, 5, 1888 bushels in
the corresponding week of 1897; $780,
466 bushels in 1896; 3,151,9 07 bushels
in 1895 and 1852, 500 bushels in 1894.
Since July LIST this year exports OF
wheat aggregate 41,160,444 bushels
against 5O,31O,525 bushels last year
Corn exports for the week aggregate
2,626,29O bushels as against 2,331,OO5
bushels last week, 1922, Jap bushels in
this week one year ago, 2,61O,497 in
1896; 1907 1926 bushels in 1895 and 1O4,'
900 bushels in 1894. Since July list
this year corn exports aggregate 50,
365, 1855 bushels, against 3S,399,991 bush
els during the same period of 1897.
Business failures in the United
States for the week number 1872, agains'
173 last week, but compared with 23I
in this week a year ago, 321 in 1896
1913 in 1895 and 204 in 1890.