The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-11-08
WHEAT EXPORTS LARGE
NEW BUSINESS IN IRON AND
STEEL UNUSUALLY QUIET.
ACTlVE DEMAND fO2 DOMESTIC NO0LS
Current Demand AID 0utput Of Flour Exceeds
all Previous Records. Exports in iron
and Steel are Large and
Increasing.
Increasing.

New York. November 4.-Bradstreet
tomorrow will say:
Further quieting down of new business
in iron and steel, the relapse into dull
ness, though at steady prices, Of wheat
consequent upon the withdrawal of the
excited foreign demand, and some slight
increase Of quiet in general trade,
chiefly at the South. as a result of the
approaching elections, are all features
calling for special mention this week.
Among the more actively favorable fea-
lures are the price s~teadinesS displayed
by most staple articles and the enlarged
distribution OF staple goods ut many
Western ana Southern markets as the re-
suit Of improved weather and removals
Of guarantees. COntirmatory of the
quite favorable reports as to general
trade during October are the returns of
bank clearings for that month, and scat
tered reports as to the increased bust
ness doing at many centers in that
month as compared with one a year
ago.
Export statistics of grain. too. are be
ginning to show that an ample basis for
the stories of heavy foreign buying
really existed, exports this week being
the heaviest on record.
New business in iron and steel has
been lighter than for weeks past. and
some shading Of quotations., particularly
steel is reported. Export trade. how
ever, is large and increasing and mills
are still we'll enough supplied with orders
to regard this prediction quiet with
something approaching equanimity. I'M
portant negotiations touching future
prices of steel rails are now in progress,
quotations are entirely withdrawn. and
some reports are that an important con-
~solidation, or at least control Of prices
and output has been practically agreed
upon. Wheat has been duller but steady
on uncertainty as to possible foreign
political complications, Offsetting q heavy
gain in movements from producers. The
current demand and output of flour has
continued to equal and even exceed all
previous records. An encouraging fea-
ture is the continued active demand for
domestic wools. largely at Boston and
much of it at price concessions, with
rather more reported doing in cheap
makes of worsteds. Cotton has MAKE
another new record on heavy crop move
ments, touching 800 for November deliT-
cry at New York, but improved demand
for export with the working Of the
new print cloth restriction have tended
to frmness for the manufactured rrC-
duet.
Wheat, including -four. shipments for
the week aggregate 6.773,643 bushels.
against 5.56O.991 bushels last week; .
590.49S bushels in the corresponding
week of 1897: 3.472,976 bushels in 1896;
2.5G6. 567 bushels in 1895 and 2.239.3 ,
bushels in 1894. Since July 1st this year
the exports of wheat aggregate 73.o45,-
5213 bushels, against S3,S74,092 bushels
last year.
Corn exports for the week aggregate
3.5G6, $40 bushels. against 2,424,376 bnsn-
els last week, 2,199,J3O bushels in this
week a year ago, 2,247,643 bushels III
1896. 1,225,477 bushels in 1895 and Is
416 bushels in 1891. Since July LIST, this
year. corn exports aggregate 30.3to.fJo
bushels, against o0.S09. 104 bushels GIt-
ing the same period a year ago.
Business failures in the United States
this week number 1873, against 2l9 ia>t
week. 223 in this week 4 year ago and
in 1896, 6 III 1895 and 240 III 1891.
Business failures in the Dominion Of
Canada for the week number 81, against
% last week. 81 in this week a 54ar ago,
30 in 1896, 80 in 1855 and 40 in 1891.