The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-08-09
BRADSTREET'S
WEEKLY REPORT
The Near Approach Of Peace
Stimulates Business,

New \ OrK. August o.-BradStrpet to-
morrow viii say:
The stimulating influences of the APP
parently near approach Of peace, coupled
with the generaly expected beneficial
eqectS. il is hoped will flow from the
opening up of new markets in the lands
added to the national domain. seem t.
increase rs the Summer wancs. That
the Improvement. while as yet admitted
~ one largely Of sentiment. is not en-
tircly so confined. however. as is proven
by reports Of a still further increased
distribution OF Stape goods in the West
Northwest and Southwest. where the
excellent crop situation has rendered
harmless the supposed ~benumbing effects
of Wlr. So far rs the crOf, situation Is
concerned. the past week furnishes not
the least notable contribution Of the
year in reports coming from the great
surplus corn producing states Of bCnc-
fetal rains checking 4 deterioration
which threatened material damage to
This most widely grown and intrinsiclily
valuable Of the country'S cereals.
Another encouraging feature of the
week has been the perceptible growth n
strength of the iron and steel situation.
FirmnesS in prices is Il feature Of par
ticular interest in view of the enormous
production Of pic iron early III the year.
and apparently reflects the going INTO
consumption Of most Of this immense
production. leaving stocks generally With
in controllable limits. Encouraging en-
port demand for our cereals. great stead
mess in prices. largest record mid-S!lm-
mer bank clearings and fairly oncourag-
ING railroad earnings Notwithstanding
the unwillingncss Of farmers to accci't
,,r~, n,,,a y-,1 ,1n .,,., ,,llitiA,Nn1 an
1.,,..aeinc features Of trade at the pres
sent time.
/ ices are cutie generally firm o. t"n!-
ing upward i'll spite Of the mid SIMMER
GtuctnesS in many lin IS Of trade. AS Il
result Of cpcraticrs in July 81 CT about
oIcthird Of all staples advanced IN
value. - declined. wli1e II remained
steady or unchanged. Advances III
many cereals. except wheat and liour,
live beevcS and hogs. Il number Of pro-
visions. dairy products and groceries,
most raw textiles except cotton, Pc
troleum. rubber. alcohol. opium ahi
quinine are features of the month ;
operations.
Important decreases aside from that iii
wheat are found in some~few makes Of
iron and steel. some other metals and
in building lumber. Compared with
August one year ago 66 out of lOl staples
are higher. % are lower and . are I'M
changed. so that it may be said that
compared With Il year ago there nave
been more than two advances for every
decline reported.
Wheat shipments for the week 'tonr
included as Wheatb aggregate 4.lll.1i-
bushels. as against 2,271. So bushels last
week and compared with 3,3OS,4II bush
els in this week Il year ago, 2.I4I.Npo
bushels in the corresponding week OF
1896, 1.53O.1G2 bushels in 1890 and 8
417.2O0 bushels in 1894. Since July lst.
this year. the exports Of wheat aggrt-
gate 14.326. 122 bushels against II .t''.-
O24 bushels last year. Corn Exports 1of
the week aggregate 2.So6. 323 bushels. as
against 2.6O1 sd bushels last week. .
2o3, $50 bushels in 1897. 1.2o1 1888 bushels
in 1896. 1.OO6.11O bushels in 1898 ana
, 6.1OO bushels in 1891. Since July lSt.
this year. exports Of corn aggregate b.
114.392 bushels, against 12,461 BOG bush
els last year.
Business failures in the United States
are ut Il minimum. numbering 1S9. identl-
cal in number with those of last week.
but compared with 214 in this week 4
wear ago. 800 in 1896. 200 in 1899 ana
1o1 in 1894. Canadian failures number
% rs against 81 last week Al in TINS
week a year ago, 50 in 1896, 81 in 1879
and 40 in 1894.