The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-07-19
RRADSTREET'S
WEEKLY REVIEW
The Outlook for Fall Trade is
Promising.
The WORLDS WHEAT
EXCEPTIONALLY LARGE YIELDS
ARE LOOKED FOR.
YTAGOOD GENERAL DEMAND EXPECTED
Iron and Steel Trade More Hopeful--Good Crop
Prospects in Sugar, Cotton and Rice
cereal Exports Still tx
coed Former Years.

New York. July 10 Bradstreets to-
morrow will say:
Pending the initiation of new fall bus
mess. preparations for which are active
" unGer way in all markets. there exists
\ quiet midsummer condition, accompa-
MED, however, in most cases by price
stcadincSS and confidence in Il promising
outlook for fall trade. R~etrospectlon ana
review continues to furnish many sat
isfactory Illustrations of the valuable
conditions experienced during the 1fSt
half Of the present year. some OF which
seem bound to be duplicated during the
second half. While there seems little
reason to expect anything like the eX-
cited foreign buying of cereals this year
which occurred last season, the worlds
wheat crops all pointing to exceptionally
large. if not record breaking yields, still
the situation of carried over Suppllcs.'
visible and invisible. is such as to lead
to confidence in Il good general demand
for most Of this country's surplus, though
the outlook favOrs a considerable shading
of prices obtained from such products.
There is 4 little more hopeful feeling
in the iron and steel trade, thesrcsult
partly Of reduced output III stocks Of
pig iron and partly owing to the large
business reported. particularly at the
West. where some mills will forego their
usual ummcr ShutdownS and othcrG will
curtail the vacation period materially.
Except for some shading i'll cereals cauS-
ed by the usual tendency to discount
Government crop reports and look for
larger than Indicated crop yields. the
prices situation is one of considerable
steadincss. Contradictory reports come
as to the volume of export trade On
wheat and corn at the decline, but II
good business for this time of the year
is undoubtedly doing. The movement
of new wheat at the Southwest is also
freer. though farmers are rather indie
pendent 1T present prices.
Trade continues Of Il midsummer dull
ness, at the East. but more inquiry for
raw wool is i feature, and prices are
we'll maintained on Il fairly large bust
hess for this time of year. Good cot
ron. sugar and rice crop prospects give
an undertone of strength to the Southern
trade situation. which is. however. rath-
er dull at present. except at New Or
leans. where fall orders are reported Of
good volume. Features of the trade
movement at the West are the improved
demand for iron and steel at Chicago.
Louisville and st. Louis report the fall
trade outlook as good.
Our cereal exports still continue in
excess Of corresponding periods of pre-
vious years. wheat and flour shipments
aggrc-ating 2,91O.2S1 bushels as against
2.72S.642 last week and compar it with
1,:o22.G92 bushels in this week a year
ago. 2,964, $40 bushels in 1896: 1.652. 500
bushels in 1895 and 1.S13,3OO bushels in
1894. Corn exports show an increase
from last week a~ggregating 2,SS2.24S
bushels. as against 2.411.212 bushels list
week, 2,123,5f1 hushels in the CORE
spending week a year ago, 1.110.31
bushels in 1896. SSJ,512 bushels in 1895
and 172 1000 bushels in 1891.
Business failures in the United States
number 23S. as against 241 last week.
241 in this week Il year ago, 20 in 1896,
and u in 1893. Business failures in the
Dominion of Canada number Is. against
16 last week. 3S a year ago, 33 in 1896
and % in 1895.