The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-07-30
WEEKLY REVIEW
The West Still Ahead in Solid Bust
ness.

The West Still Ahead in Solid Bust
ness.
New York, July 29.-Bradstreet's to-
morrow will say:
While as yet showing little effect upon
distributive trade. there is evidence that
the improved prospects for peace WIN
probably wider markets for American
products, have given more hopeIui
tingc to the trade outlook, more par
ticularly at the east. This IS reflected
in active preparations by shippers ana
cOaStng trade interests to share III the
expected widening of demand from the
West Indies AS for sometime past,
however, reports of solid business re-
turns came mainly from the western
part of the country, and i'll the markets
of that section are reported signs OF
the ground swell of fall demand. Signs
of cumulative Improvement come from
the iron and steel industry, more par
ticularly from west of the AllcghenleS,
where slight advances i'll prices, accom-
Danying IL good volume of domestic and
expert business are reported Expected
activity in ship building is reflected III
the demand for plates at eastern points,
\ rather better tone is found Ill the
anthracite coal trade, i'll which, rs the
result of another one of those numerous
"gcntlcmens agreements prices have
been advanced at the west from preVI-
ouSIy low cut rates The situation i'll
cereals is hardly as satisfactory as could
hc wished, cash prices being lower for
the week in face of probably record
|, \
gust 1st and good exports from this
country, while futures are less dcpreSS-
ed, but exhibit the pressure of expect
cd liberal supplies ut home and heavier
crops abroad
The sugar markets remain dull ana
stocks of refined in the channels of dis
tIibution are reported small. Raw SuS-
ar, however. remains fcaturelcSS, per-
hapS waiting Il closer approximation as
to the effects of recent or imminent
changes in territorial acquisition upon
the sugar trade of the world. The tex
tile manufacturing situation is as yet
IL rather clOuded one, shut down OF
print cloth mills being regarded as prob
able i'll another effort 10 restore the
lost balance of this trade. WOODEN
goods are still slow of sale, while the
relatively low range of wool prices at
eastern markets and the improved i'll
uuiry by manufacturers has stiffcned
values with the effect of diScouraging
sales. Raw cotton is trmcr on reports
of excessive rains affecting crops.
Cereal exports still continue of Il salts
factory volume, wheat shipments for
the week flour included as whcaU aS-
gregate 2.271,S12 bushels, as against
2.303. 400 bushels last week, and COM
pared with 2,343, 021 bushels in the cor
responding week of last year, 2,6iS.IGS
bushels in this week of 1896; l., 46O,9ll
bushels i'll 1895. and 2,9T7,957 bushels
in 1891. Since July LIST this year the
exports aggregate 10,214,S10 bushels,
against S,346.000 bushels last year.
Corn exports aggregate 2,60l sd bush
els, as against 2S22. 12S bushels last
year. 49,, 11J bushels in 1897, 1.49o,-
S12 bushels in 1896; 594 $50 bushels in
1895. and 10000 bushels in 1894.
Business failures in the United States
remain ut Il normal low point, aggrcga-
ting for the week 1S9, against 1SS last
week, and compared with 2J9 i'll this
week year ago: 294 in 1896, DBL in
1895 and 30 in 1894.
Business failures i'll the Dominion of
Canada for the week Number 81, against
II last week. "a III this week Il ycal
ago. 81 in 1896, n in 1895 and 81 i'll
1904