The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-02-01
ADVANCES AND IN
CREASED BANK CLEARINGS.
CONSIDERABLE DROP IN FAILURES
Large Exports of Cereals, Specially Wheat,
Corn and Flour and Perciptab!e Con-
fdance in Nearly All Branches
For Spring Business.

~outveigh those of an opposite char
act. Stormy weather throughout a
large section of this country this week
has checked the movement of merchan-
disc into consumption, out a p~crcepuble
Increase in the demand for seasonable
goods is reported as already resulting.
The last week of the month closes with
Increased activity in many lines, Il mum
Der Of price advances. heavily increased
bank clearing as compared with one
yea as0 at nearly all cities, another con-
siderable drop in the number of failures
repOrtrd. large exports of cereals, partl-
cularIy wheat. corn and -four. and per-
ccptihIe confidence in nearly all branches
Of trade as regards the outlook for
spring business. Another favorable
Feature of the week is the slight but
distinct Improvement in the cotton
goods Situation. in which speculative ac-
1ivity is awakening. Print cloths are
lighpr and some makes of gray and
medium weight cottonS are more firm
~ held. Pig iron is rejecting the effect
Of the present unprecedented production,
E and 4 further weakening in prices is
recorded at eastern points. At the
West, however, consumption Of pig
land of the finished products Of iron and
steel is reported increasing so as to
hOld prices firm. Large sales of bar
steel and rails are reported at Chlca-
go and st. Louis, with mills refusing to
take orders for delivery earlier than
late Summer. Boots and shoes hold the
late advance. ana manufacturer of
heavy weights will not take orders for
q fall delivery at present prices. Wool is
ID strong on large sales and firm prices
abroad. Prices Of most staple products
o, are higher on the week; noticeable in
stances are those of wheat, which is
past the dollar mark again ut many
Western markets.. The active demand
flor the Klondike trade is reflected in
canned goods, stocks of which are re
ported very low. with prices holding
the late advance.
Collections are generally reported fair,
those indicating hackWardness coming
most generally from the South.
Cereal exports are again heavy, total
Shipments of wheat, including flour.
for the week amounting to 5,11O,624
bushels, against 3.926, 900 bushels last
week: 2,515,OO0 in this week Il year ago;
2,550.0G0 bushels in 1896, and 2.0S3,O 900
bushels in 1894. Corn exports hava
also heavily increased from last week,
amounting to 4.962.OOO bushels, against
3,4S6,0 600 bushels last week; 3,O11 900
bushels last year; 3,19I.0 o bushels IN
1896, and 942,0O0 bushels in 1895.
Business failures for the week are
the smallest reported in the fourth week
of January for five years past, number
ing only 2SS, against q last week; 326
in the corresponding week Of last year,
9 in 1896; 312 in 1895, and $40 in
i0'f' VI the ldH"reS repofltu, % per
cert: were OF concerns having nVe thou-
S'Hu toI-ai" cdpilal OF less, ana % per
cent Ill an We're OF concerns laFlhS less
man @-"'ooo capital
HuNi"'NS l'.luIeS III ,alada tnlS
Ntth number 10 against 10 laSt week,
." III TINS week Il year ago and % III the
corresponding week OF )
Dun AND CONpANy,S REVIEW
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