The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-09-13
R~HADSTREET'S REVIEW.
The Quiet Confidence in Future you
Trade Undated.

J The Quiet Confidence iii Future 'Hoou
Trade Unabated.
New York. Sept. 9.-Bradstreets TO-
morrow will say:
Heat and holidays have lmparteu an
irregular appearance TO Npecul".N
ronaral distriputive trade this Weeh'
nd therefore to bank clearing returns
more particularly 1T the East. but WIN
tho arrival Of cooler temperatures some
;muroycmcnt is reported at those mar
rots Generally speaking. favorable
bosic features already noted snll con
tinue most in evidence. and the atttuue
If Quiet confidence in future GOOD trace
i unabated. Conditions IN many leading
Industries. but particularly IN IRON ana
steel and its various products, are OIL
continued and in some cases SroWlns
strength. The general level OF prices
of STAPLES is the highest reached Tor i've
rnars INST: railway earnings. favored by
10 on1arped movement of wheat to MAJ
ket are showing larger gains than
have been recently reported. a good eN-
mort demand for agricultural and manu-
featured products is reported, faliuces
remain at a minimum. and reports OIL
poor trade are conspicuous by thelr lhilc-
ouency. Less favorable crop reports rom
abroad and good export inquiry are re-
Elected in a rather steadier tone in wheat
and in advanced quotations for ocean
freichts. Corn continue to experience 4
weather market. but prospects OF !lell
are still regarded as favorable. ROY
lowing the intense activity in the placing
of orders for iron and steel III the past
few weeks has come Il quoting i'll the
demand. but experiences of buyers ana
the very firm, and in some 'kses. the
inward tendency of prices point TO the
conclusion that the lull is due almost
entirely to the mills being already heaTl-
lv oversold. Export business has GER
tainly been checked by the Inability ct
American mills to deliver within TIME
limits set. but orders have been placed
at the West this week for large lots If
steel bars for shipment to England.
Tnabated activity is reported at ChI-
/! cago. and dry goods shipments cannot be
made fast enough. Small but numerous
advances in prices of different classes Of
steel are reported from that city and
st. Louis. Railroads are reported buy
ing two to three months ahead of time.
Business is active at Kansas City.
Omaha. Cleveland, Louisville and
throughout the entire Northwest. On
the Pacific coast San Francisco reports
merchants interested in developing trade
with Hawaii. Healthful activity eX-
lists in distribution at Portland. Tacoma
and Seattle. Some check to trade is re-
ported in the lower Mississippi Valley.
caused by reports of yellow fever, ana
heavy rains on the SOutlkAAtlantic coast
are said to have impaired cotton crop
prospects and to have checked trade and
collections. but the report from the South
as a whole is still good, based partly
upon last seasons immense yield and
confidence in another heavy crop this
wear. Southern mills have done we'll dur
ing the season just closed. contrasting
sharply with Northern mills in this re
spect. but the need of an increased fo:-
I eign outlet for American goods is I'M
mistakable. In the East moro is doing
in lumber. drugs. paints and glass at
Philadelphia. General trade is quiet ut
Baltimore. Hot weather and holidays
checked business in dry goods at New
York. but cooler weather has brought
an improved spot demand. Wool sales
have again fallen off at Boston; cotton
goods are quiet but steady. and the de-
to expectations.
Wheat shipments for the week. in
Guiding flour. aggregate 3.10O.2US
bushels as against 3.6S7.O4O bushels last
week, 5.641. 5O6 bushels in this week one
year ago. 3.799,14 bushels in 1896. J.
S1O.O39 bushels in 1895 and 2.7S9,O OO
bushels in 1894. Since July 1st this
year, wheat exports aggregate 32,493.-
Q bushels. as against 3S,311.152 bush
els during the same period Of 1897. Corn
exports for the week aggregate 3.S6S, 500
bushels. against 1.661, 700 bushels last
week, 4,943,34S bushels in the corrc-
spending week of 1897, 2.265,44S BUSH
els in 1896. S49,5O2 bushels in 1898 anil
69.oIO bushels in 1891. Since July LIST.
this year. the exports of corn aggregate
2S.4O1 $40 bushels compared with 30
476.151 bushels last year.
Business failures in the United States
number 142 against 164 last week, 173
III his week Il year ago. 3OS in 1896,
213 in s and 223 in 1914.
Business failures in the Dominion Of
Canada lumber II against % last week.
~ III this week q year ago, II in 1896,
% i'll 1895 and % in 1894.