The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-09-24
THE SOUTH'S DRAWBACKS
YELLOW FEVER QUARANTlNES
AND LOW-PRICED COTTON.
TRADE DULLER ON THE PACIFIC COAST
At the East the Least Favorable Reports Con-
tinue to Come from the Textile Indus
trieS.-Improyed Foreign De-
mand for Our Cereals.

ANCW OIh, h'Npb' 49, ~ ~ ~
morrow will say:
Favorable trade developments mani
fest themselves chiefly along the lines
previously noted. The Importance of al
large export demand to the country's do
nestle interest is illustrated by the inn
proved tone and prices of wheat and
-four this week growing out Of the bet
ter foreign buying induced by less fa-
vorable Russian crop reports. smaller
shipments from that country and APP
parcntly continued careful selling by
American producers. Raw cotton, on
the other hand, reflects probabilities of
continued plentiful supplies and rather
slow. demand in quotations, lower than
the lowest point reached in the year of
depression, 1894, when large yield was
coincident with poor trade, industrial
troubles and tight money. From the
West and Northwest adviceS continue
largely in the former cheerful strain.
Some relaxation in activity is percepu-
bic i'll some lines at large markets, but
the volume of trade as a whole Is cNI-
IDENTIFY equal TO any previous record. At
the South low-priced cotton and yellow
fever guarantees affect trade adverse
ly, Improvement in one section being
counterbalanced by less favorable adj
vices from others. Less favorable cOndi-
tons on the Pacific coast are most nu-
merously reported in the States of Ore
gon and Washington. Conservative
management earlier in the year, how
ever, has resulted in fairly good condi-
tons in California, where crops were
less favorable than further North, .and
failures are down to a minimum at
the East the least favorable reports CON
tinue to come from the textile industries
Wool is quiet and manufacturers are
not encouraged to buy heavily in view
of the very moderate trade in WOODEN
goods Cotton goods are in better dis
tribution. but prices bctray the unset
Ting Influences of low prices for the ma-
terial and print cloths are slightly weak
or. Activity in iron and steel manu-
facture continues undated and similar
conditions are reported abroad. Tax
of further moderate advances in price
has Increased, part cullrly III this couH-
try to-day. generally speaking, is the
cheapest market for IRON and steel IN the
world The export trade i'll pig iron
from Southern pontS continues very
heavy. and another advance of - Per
cent is reported by some large South
ern concerns.
Improved foreign demand for Ameri-
can cereals is shown in the enlarged
volume of shipments this week. Wheat,
including flour. shipments aggregate
1891 1913 bushels against 3,670,29l
bushels last week 5,70SS25 bushels in
the corresponding week of 1897; 1890
4GG bushels in 1896; 3. 1J1 ,907 bushels in
1898, and 2562, 800 bushels in 1884.
Since July list. this year, exports of
wheat aggregate 41,160,444 bushels,
against 50310,J2J bushels last year
Corn exports for the week, aggregate p
G26,290 bushels, against 1881 900 bush
els last week: 4,022142 bushels III this
week one year ago; 2,610,491 bushels in
1896: 1,360,325 bushels in 1898, and
100000 bushels in 1894. Since July
LIST this year corn exports aggregate
1896, 1876 bushels, against 3S,39999l
bushels during the same period of 1897.
Business failures in the United States
for the week number 1872, against 1l3
last week; but compared with 231 in
this week Il year ago, 321 in 1896; 1913
in 1895. and 204 in 1890.
Business failures in the Dominion of
Canada number 10, against 20 last week,
30 in this week one year ago, and 81
in 1896.
HESTER'S COTTON STATEMENT.
New Orleans, La, Sept 23.-Secre-
tary Testers weekly New Orleans cot
ton exchange statement shows the
amount of cotton brought into sight for
the week ending to-day to be 21S,244
bales, against 307 ,431 bales for the
seven days ending September 23rd last
year. This brings the total of the crop
moved into sight for the % days of
the season to 541 ,746 bales, against
1881 bales last year. Receipts at all
United States ports since September
list, 373,3S9 bales, against 494, 0S6 bales
last year Southern mill takings were
50, 23S bales, against 1852 last year.
Foreign exports since September LIST,
have been 171.2S6 bales, against 20,705
last year Including amounts left over
in stocks at ports and interior towns
from the last crop and the number of
bales brought into sight thus far of the
new crop, the supply to date is S09312
bales, against S29,S95 bales for the same
period Of last year.
Secretary Testers statement of the
worlds visible supply Of cotton shows
against 1,59S,6S3 bales last week, and
.233, 533 last year. OF this the total
of American cotton is l,5Tl, 10Y bales,
against 1,502,53 bales last year, and
of all other kinds, including Egypt, Bra
ziI India. etc, $4,000 bales, against
ISL 900 bales last year.