The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-06-21
.BRADSTRE{T'S
WEEKLY REPORT
Excellent Crop Prospects in
All Sections.
GRAIN MARKET QUIEIER
BANK CLEARINGS AHEAD OF
ALL PREVIOUS RECORDS.
GREAT ACTIVITY IN MANUFACTURING
GRAIN MARKET QUIETER
GREAT ACTIVITY IN MANUFACTURING
The West and Northwest Continue 10 be the
Scene of Pei lively Most Activity in
Demand and Movement cf
Merchandise

New York, June IL Bradstrcct's to-
morrow, Will say:
Unprecedented foreign trade totals in
volying heavily increased shipments OF
Lrcadstuffs, provisions, raw cotton and
manufactured products; tlattering croi
prospects, pointing to very large yields
Of wheat and most other cereals. as well
as cotton; profitable railway operations
as reflected in relatively heavier gains
in net than i'll gross receipts; activity in
nearly all lines Of manufacturing OK
ccpt some textile branches; prices for
most STAPLES showing heavy advances
over the preceding year; bank cIearings
exceeding all previous records at this
date Il volume OF new demand. limited
III the East and South to mid-summer
dullness, but in the West and North
west comparing ~fayorably with records
Of previous years. and Il low rate of
business mortality, are all features Of
the general business situation ut the
present time. The collapse OF Letter.
and his dead in wheat. with the democrat
iZation III prices which WAS Il ccncomi-
tant, has been followed by 4 Quicter
feeling II cereal markets. but export de
IGaid. partly on carly placed orders has
improved, and more is doing hy -four
miilerS. 1t is true that the continued
wet weather in sections west of the
Mississippi is affecting wheat harvest
ing. bat the opinion leans to i, crop Of
100000 bushels Of wheat and Il large
Yield OF most other cereals. with corn
promising least f;,ycrably. Cotton acre
age and condition forc$hadow Il yield
which may be slightly smaller tIan last
Year. hut this might easily l." comp"n-
satcd for iy IN advance i'll values. which
are higher on the week. \ rather quiet
tone is shown in the iron situation this
week. relatively most activity being OK
hibited at the West. Cotton goods. if
anything, are slightly improved. hut
raw wool is still under restricted demand.
hcrauSc manufacturers find new bust
ness slow. The price situation for the
week reflects &t"adiness. the only import
ant decreases being in Southern pig iron
wheat ana flour. while hides are higher
1T the West, ! number Of metals have
been advanced and oats, corn. lard and
cotton note fractional advances.
ThcFWcst and Northwest continue the
scene of relatively most activity alike III
demand and movement of merchandise.
excellent crop prospects i'll the
Northwest are reflected in q satisfactory
trade i'll scasonable goods and Il rela-
lively larger volume Of orders for fall
trade, With the aggregate sales at most
cities heavily III excess Of the cores
pondlng week i'll recent years. Wheat
exports for the week aggregate i,3S0,-
ISI bushels against 4.73O,9S2 bushels
last week. 2,547.313 bushels in this week
Il year ago, 3.020.317 bushels in 1896.
bushels in 1898 and 1.921.OOG
bushels in 1894.
Corn exports are also slightly smaller
than last week, amounting to 4.10i,OOn
bushels. as compared with 4.774.:;O3 in
the preceding week. 1,924.313 bushels
in this week d year ago, 1.3fO.O00 bush
els in 1896 and $4,000 bushels in 1898.
Business mortality is at Il low point.
the failures for the week numbering only
POI, il smaller than Il week ago, nine
teen fewer than III the corresponding
week of 1897. ~tifty-cight smaller than
in this week in 1896. twenty-four small
CT than in 1898 and only twelve larger
than i'll this week of 1891. when rcStric-
ton of credits and duh business was
most marked.
Failures in the dominion Of Canada
number 10, Il decrease Of seven from
last week, of 10 from the total in this
week a year ago. of Is from 1890, and Of
II from 1895.