The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-03-11
BRADSTREET'S TRADE REVIEW
Great Activity Still Feature of Trade
Situation

Situation
| New York, March Bradstreet's
! of tomorrow Will say:
| Industrial and trade activity is still
preemintnt feature of the general bus
mess situation. Price strength, TOO. s
notable, especially in view of the lnid-
winter rise of February, except IN the
case of the leading cereals and wool
In manufacturing lines the situation
is one of great activity. Additional ad-
vances III wages announced this week
seem likely to swell the number of
workers whose wages are reported adj
vanced to close to $4,000. The ron
and steel trade is still excited ny re-
ports of feverish demand. Inadequate
supplies and further advanced quota
lions. Shut downs for repairs and other
reasons have reduced pig iron output
quite materially. and current production
is said to be considerably below that of
January LIST. The number of old fur
naces being furnished up and put in
operation is steadily increasing, but the
effect as yet on production is not very
marked. Am easier tendency ia wool
is one of the disappointing features of
the week, the outgrowth particularly Of
unsatisfactory demand for mems wear
goods, but also a reflection of reports
of projected combinations in the finish
ed goods trade The demand FIR cat-
ton goods is very active and nearly all
classes are firmly held though finished
goods have not advanced to the same
extent as the cruder makes. Cotton
remains steady, and the reduced move
ment at the South is making the mini
mum estimates more Fashionable
Lumber is active at most markets and
prices are firm, because of wei Cleaned
up stocks.
Raw and refined sugar have alike
moved upward this week. partly be-
cause of unfavorable Cuban crop adj
vices and also in sympathy with the
Improvement going on in European beet
markets. Refined has been marked up,
Notwithstanding the trade war now go
ing on.
Wheat is weaker, notwithstanding
crop damage reports. and othsr cereals
are in sympathy Herewith. chiefly be-
cause of the growth of bearish views of
supplies held by farmers and tendency
to discount the generally expected heavy
government estimates of wheat in far
m,Ts hands
Reports from leading markets East
and West are of an active spring job
Bing demand. particularly for dry goods.
but shared in by clothing, shoes and
other stapls. On the Pacific coast
business is fairly good, except at San
francisco. where general trade. as "A
whole, is below the average. owing to
the uncertainty regarding the crops.
Wheat. including flour, shipments for
the week aggregate 4.39S,S21 bushels,
against 5,S15,5S5 bushels last week,
4,4S4, 161 bushels in the corresponding
week of 1898; 1.599.4S2 bushels in 1897:
2,401. 900 bushels in 1896 and 2,791 100
bushels in 1895. Since July LIST this sea-
son the exports of wheat aggregate 49,
111.155 bushels, against 16S,941. 514
bushels last year.
Corn exports for the week aggregate
3,136,5S6 bushels. against 5,794,S63
bushels last week: 3,2S5.056 bushels in
this week a year ago: 5,310.514 bushels
i'll 1897; 1,70S.67S bushels in 1896 and
SS2,956 bushels in 1896 Since July LIST
this season corn exports aggregate H.
24o.G27 bushels. against 10, 1851
bushels during the same period a year
ago.
BUSINESS failures for the week NUM-
Der 1T, as compared with 10 last
week: 247 i'm this week a year age: 221
in 1897; 2S3 in 1896 and 2G2 in 1899.
Failures for the week in the Dominion
of Canda number 81 as against 81 last
week. 81 in this week a year ago; DC in
1897; % in 1896 and 80 in 1895.