The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-04-29
FULL FAITH IN FUTURE
FORMATION OF NEW COMBINA
TlONS GOES GAILY ON.
COTTON IS NOW A SIXTEENTH LOVER
Strikes Among Factory Operatives Have Bene
f ted he Manufac urers by CdttaiIing the
Supply of Goods. Boz, and Shoe
Industry is Raining,
Industry is Booming.

New York. April 2S.-R. G.. Dun and
.Company's Review Of Trade, Will say;
All elements considered it is rather
surprising that business has not been
set back n little. The uncertainty "bout
Samoa and the prolonging of difficulty
in the Philippines might have counted
for something, the rising imports an0
falling exports for something, also the
rise in foreign exchange by some attribu-
ted to foreign sales of copper stocks, ana
the hindrance of manufacturing orders
owing TO the recent advance in prices.
But there has been full faith that for
eign difficulties would soon be cleared
away. and the movement IN exchange
is generally connected with speculative
rather than legitimate operations since
accounts of trade still indicate Il large
excess of exports. After every rise in
prices manufacturers have to consider
whether hindered consumption with in
creased production will seem difficult,
but the confidence with which comblnl-
tons are formed and extended still shows
prevailing belief that no danger point is
near.
The state of foreign trade justified
confidence rather than apprehension. It
is the season for the lowest exports of
staples. and their prices this year are
extremely low. but the unprecedented
foreign demand for manufactured pro-
ducts so far compenSateS that the ok
cess Of exports in March was heavy
and apparently has been in April.
The presence OF English merchants in
Boston trying to sell English medium
wool which could be delivered ut about
b cents at the same time English buy
ers were taking little fine territory
for export and German buyers 100000
pounds more Australian from bond.
shows the opposite trend Of popular
taste in different countries. Clay Wor
steds here have advanced ~ ceuts ana
serges ; cents, which has given = strong
err tone to the whole market. Fine wool
is relatively cheap here and dear abroad,
but concessions make lowest prices #
the year in all kinds. rs heavy stocks
carried for years come MO presence Of
new wool. said to be 3D0. aG9. 900 pounds
Manufacturers are not now buying
largely. though in four weeks 30.91S. 7S-i
pounds were sold, of which 23.315. 0S5
were domestic. against 41.112,6 $50 in the
same weeks two years ago, when wool
was rising.
The cotton manufacture has made liz
tie change, and the strikes following
the advance in wages given appear 20
have benefited manufacturers not a IT
tie by helping the demand, and currailing
the supply of goods. Cotton is a six
teenth lower. with generally improved
prospects for the coming crop. The
boot and shoe industry SURPRISES ali
other years in April shipments, last year
by II per cent. 1895 by Is per cent, ami
1892 by 40 per cent and manufacturers
are generally provided with orders for
months ahead but the advance asked
does not appear to have been generally
paid.
Without business, Bessemer pig IS Ua-
changed at Pittsburg and Grey Forge
strong at $14.50, though 10000 tons
Southern have been sold here at S14.20.
There are some large structural orders,
a Philadelphia building for 1900 tons,