The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-04-19
CEREAL EXPORTS HEAVY
GULF AND ATLANTIC TRADE
SERIOUSLY DISTURBED.
fAE IRON BUSINESS CONTINUES HEAVY
New Industries are Checked--Print Cloth Low
Receipts of Corn are Extremely Heavy
Failures are Remarkably SMALL
Business done on Previous Order.

Business done on Previous UrGer.
New York, April 13.-R. G. Dun *
Co.'S weekly review of trade tomorrow
will say:
The meaning of Congress regarding
Spain is not in doubt, but the form of de
! claration at this hour is in question.
The Presidents message has been ac-
cepted as Il strong statement of the Silt
uation and the question in Congress is
whether it will without change adopt his
proposal. Preparations for war continue
as if it were inevitable. There is some
hindrance in business and yet the volume
| Of payments through clearing houses i
still 1919 per cent larger than last year
and outside New York about ID per cent
larger than in 1892. though speculative
Stagnation here makes the aggregate
lower.
The industries are doing well, because
they have enormous orders taken in Fen
ruary and March or earlier, which Ell
sure operations for periods varying from
4 fortnight to several months.
! In the iron business there are orders
for about 10000 tons structural work
nclu up by questions OF law
While new business offered in this line
is still very heavy, the production is so
large that it may easily be disastrouSly
checked by a persistent restriction Of the
current demand.
With prices for print cloths still at the
lowest point ever touched. buying of cot
ton goods is more hindered than many
are willing to admit by the idea that 9th
or goods, not equally overproduced, may
likewise decline in prices. The stagna-
ton in wool is something remarkable,
the total sales at the three chief markets
having been only 1,1S2,144 pounds
against 9.6OG.6OO last year.
Wheat rose 512 and held 212 cents for
the week, although Atlantic exports for
the week have been 3.O43.021 bushels.
Hour included, against S76.719 last year,
and Pacific exports S27,36S bushels
against 212.O56 last year. The total
from both coasts for two weeks of April
has been 7.37o,136 bushels against
3.057,iS2 last year. The receipts from
western farms show some decrease for
the week. but for two weeks are only
about six hundred thousand bushels
smaller than a year ago. Meanwhile it
i astonishing that receipts of corn CON
tinuc remarkable heavy. for the week
more than 4 million bushels larger than
last year. and for two weeks more than
1.GoO.OOO bushels. and the exports for the
week have been 1868, OBJ bushels against
2.10S. 73S last year and for half of April
S.14G.6S1 bushels against 6.032.O15 last
year. Such extraordinary exports of
corn go far to show that the outward
movement of wheat is by no means Of a
speculative character, nor likely to di-
minish speedily.
FEhn rrl,,,n oe 1nni{;-,,4 1,o.- :.
enormous. and meanwhile failures are
remarkably small: for the week they have
been 25+ in the United States against 2O7
Last year, and IS III Canada against 80
last year.
BRADSTREET'S REPORT.
New York, April 15.-Bradstreet's to-
morrow Will say:
Effects of the prevailing uncertainty
i'll foreign affairs is reflected III a further
perceptible quoting down of general
trade. 50 far as future engagements are
concerned, in nearly all parts of the
country. While there is "a little more
activity to be noted III the demand for
seasonable staples at the west and north
west. where better weather has helped
retail and wholesale trade alike. rather
more quiet is reported at the east and
at the South Atlantic and Gulf ports
where the interruption TO business has
become particularly serious. The dis
position to buy Only actual necessities
has developed Il hand to mouth demand
III the latter sections of the country,
hut the chief effect is found in the indis-
position to embark in new enterprises or
to contract new obligations pending the
definite settlement of the foreign con-
trOversy. In the iron trade business con-
t:nues of large volume. but the bulk of
this is claimed to I've on account of or
lers previously booked. and new bust
ness. where noted. is for small indilvid-
ual lots.
Wool continues dull at nominal prices
ut the east, and the activity in dry goods
is confined chiefly to goods
needed at once. Cotton goods prices are
steady. except for print cloths. talk Of
curtailing production in which is CON
tined. Low price woolens continues
in most active demand in this branch of
trade. \ heavy export demand is re
ported in white goods and prices are con-
siderably higher.
The prices situation is one of com
parativc steadiness. The business fail
ures in the United States for the week
number 215. against 220 Last week, 100
in the corresponding week of 1897, 244
in 1896 and 219 in 1895.
Exports Of cereals are larger. The
shipments Of wheat flour included this
week from the United States and Cana
ia aggregate 4.O44. 600 bushels. against
3.77S,00O bushels last week,
bushels in this week a ear ago, 2.o11.-
900 bushels in 1896. 3.165.OO bushels
in 1888 and 100000 bushels in $
Corn exports are over 1.OOO.OU bush
els larger than last week. a~ggregatlnc
1922. 900 bushels. against 600
bushels last week 2.32S.OOO bushels IL
This week a wear ago. 1.O74.OO0 bushels
in 1896 and 77S.OW bushels in 1895.
TOTAL BANK CLEARINGS.
New York. April 15.-Total bank
clearings in the United States for the
week were 81. OS4. 959.513; per cent in
crease 1873. Exclusive of New 1Orl
! SlS1 o13 Sol. nor cent Increase H..