The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-08-30
~RRADSTREEI'S REVIEW.
Improvement in Southern and Western
Markets..

New York. August 26.-Bradstreet's
tomorrow will say:
Business conditions in the main reflect
the continuance of most of the favorable
features hitherto dominating the trade
situation i'll the more favored sections
Of the country. Prominent III this direc-
ton. of course, are the iron and steel
and allied Industries. in which active
denland. present or prospective. has led
ia further price advances. sustained and
even increased activity in distribution
ut most Western markets. with some
Improvement likewise noted at the South
and on the Pacific coast. SteadineSS in
lriccS-Whpat. corn and cotton. however,
eXccpted-a reduced number Of business
failures, fair gains in railroad earnings,
as Il whole. and bank clearin@S, in spite
Of Il slight reduction from last week,
showing heavy gains over all corresponds
ing periods i'll previous years.
Thc>leSs favorable elements in the sit
uation are the reports Of arrested or
smaller thar expected trade at Eastern
markets. more particularly in textile
lines. low quotations and apparently
less active demand from abroad for our
cereals and reduced prices paid for
the South's great staple. raw cotton.
Qualifying the latter might be men
toned the fact that spring wheat has
apparently begun to move III the North
west and the promise of large yields in
wheat and cotton alike has tended to
dcprcSS prices.
In IRON and steel trade the strength
developed has been notable. and the
confidence expressed is striking. in view
Of the willingness Of new buyers to
iY,,,AlI,t I a y rt.a,,t Iria. lam md, nG-
complaint about rain is heard from the
South. and the quite satisfactory trade
accounts from leading markets appar-
emily reflect the confidence in Il large
yield of cotton which has depressed
prices Hc. per pound.
BUSINESS failures III the United States
his week. number 112, against 1913 last
week. and compare With 21O III this
week Il year ago: $50 in 1896, 19O in
1899. and 1872 III 1891.
The feature Of demand at Western
markets this week has been the inquiry
from jobhcrs of dry goods. clothing and
boots and shoes. special activity being
noted at Chicago. st. Louis. Louisville
and Omaha.
Wheat shipments for the week. includ-
inc -four. aggregate 3.oG3.i16 bushels.
rs against 3.9SS...iS bushels last week,
o.1i9,G.,3 bushels in the correspondents
week Of 1891. 3.2S1. S54 bushels in 1896,
1.S11.92S bushels IN 1895. and 3,420, Oot
bushels in 1891. Since July LIST this
| year. the exports of wheat aggregate
-. IJG,.JI2 bushels, against 26.oS1. 80.
bushels during the same period last year
Corn exports for the week aggregate
2,64S.933 bushels. against 3.196.O2 -
bushels last week. 2.GS2. f52 bushels ii
this week Of last year, 2.G1O.3O9 bushels
in 1896. 1,124.o36 III 1893. ana 10000
bushels in 1891. Since July 1St. this
year. exports Of corn aggregated -.
SI1.30l bushels. against 22,3S6.3I5 bush
els last year.
Hot weather has checked distribution
in Canada this week, but Montreal re-
ports m improved distribution in grocer
les, cheese exports heavy. and prices
moving upward, while Toronto looks fol
Il large trade the coming week rs Il re
suit of the exposition ut that city.
Business failures in the Dominion this
week numher y. against 2j last week
% in this week Il year ago. 81 in 1884,
and II in 1890.
WEEKLY BANK CLEARINGS.
New York, Aug. 26.-The total bank
clearingS in the United States for iii,
week were $1.249,i sos. Oh: per cent in
crease 1913; exclusive Of New York S4i1.-
i3l.oil: per cent increase Cd