The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-07-16
BRADSTREET'S
WEEKLY REVIEW
The Outlook for Fall Trade is
Promising.
THE WORLDS WHEAT
EXCEPTIONALLY LARGE YIELDS
ARE LOOKED FOR
YETAGOOD GENERAL DEMAND EXPECTED
THE WORLDS WHEAT
YETAG0OD GENERAL DEMAND EXPECTED
Iron and Steel Trade More Hopeful. Good Crop
Prospects in Sugar, Cotton and Rice
Cereal Exports Still Ex-
coed Former Years.

New York. July Bradstreets to-
| morrow. will say:
Pending the initiation of new fall bus
mess, preparations for which are active
~ unGcr way in all markets, there exists
Il quiet midsummer condition, accompa-
MED, however, i'll most cases by price
stradiness and confidence in Il promising
outlook for fall trade. Retrospcction and
review continues to furnish many sat
lSfactory illustrations of the valuable
conditions experienced during the first
half of the present year, some of which
seem bound to he duplicated during the
second half. While there seems little
reason to expect anything like the eX-
cited foreign buying of cereals this year
which occurred last season, the world $
wheat crops all pointing to exceptionally
large, if not mountaineering yields, still
the situation of carried over supplies,
visible and invisible, is such rs to lead
to confidence in Il good general demand
for most of this countrys surplus, though
the outlook favorS Il considerable shading
Of prices obtained from such products
There is Il little more hopeful feeling
in the iron and steel trade, the result
partly of reduced output in stocks of
pig iron and partly owing to the large
business reported. particularly at the
West where some mills will forego their
usual summer Shutdowns and others will
curtail the vacation period materially.
Except for some shading in cereals caus-
ed by the usual tendency to discount
Government crop reports and look for
larger than indicated crop yields. the
prices situation is one of considerable
steadiness. Contradictory reports come
rs to the volume of export trade On
wheat and corn ut the decline. bus
good business for this time of the year
$ undoubtedly doing. The movement
If new wheat at the Southwest is also
freer, though farmers are rather indie
pendent mt present prices.
Trade continues of a midsummer dull
ness, ut the East, but more inquiry for
raw wool is Il feature, and prices are
well maintained on fairly large bust
ness for this time of year. Good cot
ten. sugar and rice crop prospects give
an undcrtone of strength to the Southern
trade situation. which is, however, rath-
or dull at present, except at New Or
leans. where fall orders are reported of
good volume. Features of the trade
movement at the West are the improved
demand for iron and steel ut Chicago.
Louisville and st. Louis report the fall
trade outlook as good.
Our cereal exports still continue in
Excess Of corresponding periods of pre-
yious years. wheat and flour shipments
aggregating 2910,2ST bushels as against
lbs. $40 last week and compare it with
.522 092 bushels in this week year
ago. 2,964 $40 bushels in 1896: 1,6J2S92
bushels in 1895 and 1.S13,300 bushels III
1891. Corn exports show IN increase
from last week aggrcgating 2,SS2,2
bushels. as against 2.f1 .212 bushels list
week. 2,723.511 bushels in the CORE
spending week Il year ago 1,110,371
bushels in 1896 SS5,512 bushels in 1895
and $4,000 bushels in 1894
Business failures in the United States
number 23S, as against 241 last week,
2l1 in this week year ago. 30 in 1896,
md ia in 1895. Business failures in the
Dominion of Canada number %, against
Is last week. 3S Il year ago, 333 in 1896
and % in 1898.