The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-09-20
DUNSWEEKLYREVEW
he Business of the Country
is Expanding.
WHEAT EXPORTS LARGE
ADVANCE IN PRICES DUE PROB
badly TO MILLING DEMAND.
LARGE ORDERS CROWD IRON WORKERS
Nineteen Furnaces have Started up Since Las.
Month important Cotton Mills have
Stopped, and Print Cloths
Hold their Own,

y - = - - - I'ti ~
Co.'S weekly review Of trade will say
tomorrow:
Business is passing We'll through the
difficulties that attend the winding up Of
while war is in progress. The rush Of
orders kept back while war lasted. Ey
those who thought it shrewd not to take
any chances, has lifted prices Il little
and caused a larger demand for the time
than can continue, but though it has
passed, there IS ample evidence that the
consuming demand is very large. How
large can only be Judged after some
weeks Of waiting, but it looks rs il
those who wait longest are likely 10 pay
most. The business Of the country Is
expanding SO that payments through
clearing houses in the second week Of
September were DID, per cent. larger
than in 1892, and for two weeks 40
per cent. larger. From these and rail
way returns. and such trade reports as
are instructive, it must be concluded
that much more business is being done
than in the best Of past years, though
not always with much profit.
Wheat has come forward much more
freely. and the price has advanced , per
cent. 1t is supposed that the advance
is largely due to milling demand com
ing upon Il narrow supply. Exports
are large, 3,1O7.976 bushels. tlour in
Guided, from Atlantic and POI ,052 bush
'elS from Pacific ports. and for two
weeks 5.607.32O bushels from both
coasts, against 1o.796,S53 last year
Receipts Of wheat for two weeks Of Sep
tember. have been 14.663,S 800 bushels
against 1861 O6 las year. The for
eign demand will be smaller and the
American crops larger than last year
The slight yielding i'll corn was due
rather to the government report. which
is not entirely diScredlted as 10 that
crop, than to any change in movement,
which has been small compared with
last year. The exports for two weeks
have been 40 .331 bushels. against
I,O1o.363 last year.
With the starting of 10 furLlccs idle
Il month ago, partly not included as yet,
the weekly output, September LIST, was
213,043 tons against 2O6,l11 August
LIST. and the decrease in stocks 11G.92J
tons in two months. indicates Il consump-
ton but little below Il million tons per
month. Structural work Is the heaviest
ever known at pittSburg. though small
CT than las year at New York. Ban
milis are c1owC>d with the general rail
WY demand for automatic couplers and
orders for lew cars. Q for one road,
and 4 large order for street cars to ia
pan. and plate mills are everywhere
crowded. The demand for pipe is the
largest for Il long time. and also for
boiler tubes, and the sheet mills are
crowded west of Philadelphia. while the
fn,,Jr. .n,,c,-p,ntion * Enayv and tho
rail mills NOT vet ready to accept orders
which they crnnot deliver for months.
being engaged far ahead. Southern pc
has been sold for export, 10000 tons in
all. including $4,000 to Scotland, ana
orders for $4,000 more have been re-
fused. Tin is quiet at $16.Oo. and lead
at 4 cents, With copper strong at ~
and Spelter at $3.50, in spite Of Il s9nsa
tional rise at London. Heavy sales have
blocked the project for a tin plate trust
at present.
important cotton mills nave stopped,
and print cloths hold S2.O6 with othcr
cotton goods unfolding, but cheap ma
terial hinders operations for those VIC
have to sell goods made from higher
priced cotton. Wooden mills repreSen
rather better orders, although much ma
chinery is idle, those who have not old
| wool bidding much below the current
prices. which are 50 far maintained that
sales for two weeks have been only
6.63J.3OO pounds. against last
year, and 11,O1J,1 100 in the same weeks
Of 1892. 1t is worthy Of notice that
800. 600 pounds Australian wool WAS sold
at Boston for shipment to Europe.
| While the mills cannot buy at present
prices except for mixture with other
--r,1~ ,,r ,,cist inst az they did G1Cnt
| months AGO. that the old stocks must DC
| about exhausted.
Failures for the week We're Ia i'll the
| United States, against 2O4 last year, and
% in Canada. against 10 last year.
HESTER'S COTTON REPORT.
New Orleans, La. Sept. 16.-Secretary
Testers statement of the world supply
| Of cotton shows an increase for the week
Just closed of 221,G19 bales. against II
| increase of "a. 1913 last year and an III
crease of 21.231 III 1891.
The total visible is los S3 against
1,577.O64 last week and 1.113.6SS last
year. Of this the total of American cot
ton is 1.4O2. 6S3 against 1.3l3,O64 last
week and 912.6SS last year. and of n
| other kinds. including Egypt, Brazil
India. ETC.. 10000 against 2O2,0OO last
week and POI 900 last year.
Amount brought into sight for tn
week ending to-day is 159.S4O bales
against 244.GG2 for the seven days end
ing September 10th last year and 312.
2O6 year before last. This brings tn"
total amount for the 16 days of the new
season to 263. 502 against 4O5,91O last
year.
The statement shows receipts at ali
United States ports since September l>t
Of 176.95O bales against 262.4l9 for tho
| same time last year Southern mill tax
ings were 56.162 against 54.316 last
| year. Foreign ports for the 16 days
have been 7O.736 against 1922.
Including mounts left over in stocks
at ports and interior towns. and the NUM-
Der of bales brought into sight thus IA
for the new crop. the supply to date Is
531 .O6S. gainst 522,464 for the same