The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-02-08
CHECKED BY THE STORM
STEADINESS IN PRICES \ FEA-
TURE OF TIE WEEK.
BUT THERE WAS A DECLINE IN WHEAT
Special Activity Reported In the Iron and
Steel Trades-At South, Trade Reported
improved Failures Smaller tor
Week Than Since 1881.
Week Than Since 1881.

week nan OlHCc iOOls
New 10TH req T. :"
morrow will say:
Severe cold weather. accompanied by
- I MOVE mo-. hoa,
Hi7h '' "''
Il feature exercising cohslderdpie IlnI-
ence upon the movement and the dlstri-
button of staple goods this week. The
~or+hor, and Jr.s+o,n States ,rreo,
r.
TO nave iH' INC '"'''s 81 II STORM
most severely. IN spite OF TINS mterrup-
tion of business = satisfactory troda for
H.. ,-:.,,
III N'"S'n ;, - ~ '!'' -"
special activity reported III tic IRON ana
steel trades and kindred lines. In the
East the distribution of dry goods and
wool hos hoon choal,od and $50 MOVE
-,
hlehl Oh Irotucc greatly lhleriered Nl'l'
but the tone of the cotton goods sit
ration is. if ANYTHING, improved. In
the middle States and in the central
West the movement of iron into con
sumption is still very large but nervous
ness as to possible over production af-
fcctS that market. Steel is SLIGHTLY low
or MT the East but FIRMLY held at Chi
caco. which also reports advances in
iron bars. wires and nails. Western
mills Will not agree to deliver steel
rails. EilIcts or rods ON now orders he
fore Ju1v Southern huvcrs no rom.
ing into st. Louis more numcrausly
than uSuaI at this date. and the distrc-
button of dry goods. boots and shoes and
drugs is active. I'm the Northwest bet
ter trade is reported. and cold weather
has helped tn" distribution of seasonal
bile goods At the South trade Is re
ported improved at several important
centres and the total of January bust
ness Is SAID TO be above the average
Alaskan business on the Pacific coast
Is stu very active hut export trade III
cereals Is small. liam IS needed IN Cal
I lio,4,n Stan "m1 ~ n '%n !, ' h..
been a feature of the week, the only
decreases noted being in wheat. corr
and flour ON Il speculative reaction. and
in lead. while the prices of oats, pork,
beef and coffee are higher.
The export movement Of cereals shows
a heavy failing off for the week. but
is Sill ahead of the same week of pre-
ccding years. The total shipments of
wheat, flour Included, amount to 3.t33,-
I94 bushels, against 5.O26.oO0 bushels
last week, 3,1fS,CGD bushels in thie
week a year ago, 2.901 600 bushels IL
i'''' ~s'-1'''' "RAN ~ ~ oll'i -
btS,ooo bushels III IS3j. INDIAN corr
exports ais" SHOW % large falling OF
a~@Sregatll- +.lof.!Nl bushels THIS week
against f.3b-.N'D bushels last week. .
Ob9,po bushels Il year ago. o,2l2,OGl
bushels Ill 1896 and 92I,O0O bushels III
1895
business failurcs tho1oh SLIGHTLY
Iar,nr than hast uronk nn,hor;nr BOZ
,ra;r.+ DSS a., u.an,- harn.n .m% 1+t1I
above the normal. They compare with
a total number failin~ in the correspond
ing week of 1897 of BOO, in 1896 of 33S
in 1898 of q and in 1894 of :,36
The total number failing in the first
week of February. 1893. was 223
b'N " US KEN LEW.
a." Ork, Deb. III. 6. Dun and
~tompanyS weekly review of trade Will
say III It's issue of tomorrow:
Actual payments through cleariu
houses i'm .JauIlary made n rcmar[5ahi
showing. being much larger than in any
previous month. 1868 per cent larger
than the same month last year and IL
per cent larger than in 1892 The fail
res in January were smaller than II
any previous wear Of which there is re
cord. and were probably smaller than
in any other January since 1881. The
statement Inv branches of business civ.
en- this week shows a surprising gain in
most departments of manufacture and
trade. Meanwhile tho money markct
is as confident as over: gold does moi
come from Europe in large amount onIv
bee7lSc bankers find if worth while
to lend American money abroad and the
common coal balances are heavily il
favor of the United States as hereto
Tore.
Perhaps the most striking feo tIIre ~
the week has been the decline in v.boo+
With exnorts of 3Go1517 bnubo1e -
gainSt 1.77O.546 last wear. Hour inclull
ed, from Atlantic ports. and nc $40
from Pacific ports against S44.3i3 bush
"S last year, the temper Of the marker
has been weaker. The report of the
Agricultural Department has had some