The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-11-19
EXPORT TRADE GOOD
ALI. LEADING BREAnSTUFFS
HIGHER THIS WEEK.
HEAVY FOREIGN DEMAND FOR IRON, STEEL
Wheat and Flour Shipments but Little Below
Those Of Corresponding Period LIST
Year. Refined Sugar Higher.
Heavy Sales of Wool.

New York, November Bradstreet's
viii say tomorrow:
Evidences accumulate that the good
results following the recent elections are
no longer confined entirely to improve
ment in tone and confidence. though the
above feeling Influences dealings in both
financial aud mercantile lines. Several
substantial Developments present them
selves this week, notably among which
arc number of advances III Qrices, ex-
ceptionally few declines thereof, growing
strength In the pig iron situation unprece-
sienteglly large week bank clearings and
remarkably good reports as TO export
trade. not only in the line of foreign pro-
duets, but in enlarged trade in manu-
featured products Distribution of mer-
chanlise shows but little change from re-
Gently preceding weeks, but the growth
in confidence is reflected IN very general
reports Of improved collections on past
business.
First and foremost in the line Of for
eign trade extension are the returns re-
Gently made for October. pointing TO ex
ports for that month larger than in the
corresponding month of any preceding
year second only to those Of December
last year and chargeahle not 80 much as
formerly to enlarged exports Of finished
products Of American industry. IN this
connection especially gepd reports come
from tho iron and steel industry, which
has thereby ben rendered more nearly IN
dependent than ever before Of finctua
lions In domestic demand. The strength
IN values of alI cereals, tall the leading
breadstufTs are higher this week. is Of
course dug To the constant foreign de-
manH Comparison OF four months
exports. July to October inciu-
siye point to wheat and fl0nr shipments
little beI5w those Of last year. and only
10 per cent below those Of 1891, the
heaviest ever known. The strength Of
cereals finds imitators ii coffee. whose
statistical position shows some improve
ment. sugar which is relatively higher
FOR refined. on growing strength OF raw
supplies: coffee which retains its old
bullish tone. and even cotton which is
higher on smaller movement, and impruy-
ing TONG OF the goods market. Wool
sales continue Of good volume on more
confident buying of small manufacturers.
who. however. report the finished goods
trade unsatisfactory Heavy sales Of
bonded wool for re-export TO England are
reported this week.
Rather more inquiry IS noted for pig
iron, and the tone of prices il strong in
contrast to that Of steel which is being
shaded 81 those eager to book new bssi-
ness. The steel rail situation ii appar
entity unchanged and much business Is
held MP awaiting. settlement Of price and
other details.
Wheat, including flour. shipments for
the week aggregate 5,6T9.l41 bushels,
against 3.GT4.3sl:5 bushels last week, 6.
6ss3, Tsg2 bushels in the corresponding
week Of 1897. 1887 2as3 bushels in 1895.
2,9l6.s3s bushels iii 1895. aud 3.312,673
bushels IN 1894 Since July lst, this year,
the exports "a wheat aggregated -, sss,,-
457 bushels, against 95.9T3, 420 bushes
last year.
Corn exports for the week aggregate
1851 IA bushels, against 2.l42,T4
bushels last week. 800, $50 bushels in
this week d year ago, 2.9I5.721 bushels
IN 1896, /, T43. 1GT bushels III 1875 and
1896 bushels Id 1894. Since July Isl
fhis year corn exports aggregate 5D+Ol9s-
80 bushels. against 56.G7O,440 bushels
during the same period year ago.
Business failures III the United States
this week number 229, against lsl last
week. - I'll this week q year ago, JOB
III 1886. 32J I'D 1896 and 90 in 1894.
Tie total number III failures Ia the
Dominion Of Canada this week II ~,
against 30 III the preceding week, ~ IN
1897. AZ I'll 1896, AZ III 1880 aud n I'D
1904.