The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-06-27
BradsIreet,s IseIrors

New York, June 23.-Bradstreet's to-
morrow will say: Less than the aver
age effect of approaching
influences are observable in current
trade reports. Prices, too, show a
strength unusual at his period, and
particularly in view of recent steady
advances. This is notably manifest, of
course, in the iron n steel industry,
where the tendency Of values is still
upward, though the advances reported
are not uniform at all markets point
ing to individual instances of business
done at best possible prices. Where
prompt delivery can be guaranteed
fancy quotations are in many cases OBJ
tainable and testimony to the scarcity
of supplies is universal.
An unprecedented weekly output Of
coke is cOincident with statements that
the usual summer shutdown in iron and
it's allied industries will be ignored, and
claims from Pittsburg of the placing Of
record-breaking contracts for steel rails
for export to Russia, not, however, for
immediate delivery. Predictions Of $40
for bessemer are we'll within sight Of
realization. and warnings of over doing
the situation are more numerous.
Hopes of improvement in the wooden
good industry a materialized in
anxious demand at leading market for
the manufactured product, n stimuli
taneouSIy from several markets come
reports of abnormally small stocks of
light weight goods in dealers hands.
Improved crop reports are responsible
chiefly for lower quotations of products,
declining in price this week. Wheat
has been affected by glowing reports
from spring wheat reports, but more
especially by continued enormous de-
liveries of old-crop supplies, pointing to
the 1898 spring wheat yield, and there
fore, the aggregate yield of the coun-
try having been heavily underestimate
ed. At the decline, however, good ouy-
ing on export account has developed.
Cotton crop prospects have continued
to improve and the raw product is low
er on the week, with a slight shading
claimed also in printcloths, although
cotton goods, as a whole, are in an
exceptionally strong position.
Raw sugar is lower on unanimous re-
ports of improving crop prospects the
world over, but refined sugar is in
heavy domestic demand and firm.
Il industrial lines generally there is
little more than the usual friction as
to wages, the most serious disturbance
of all being the Colorado smelling
works strike, which is one partly of
the hours worked. The usual summer
shutdown Of glass factories is now
complete.
Railroad reports point to an excep-
llOndIly large trdIlc uOlnS anu earnings
reports continue favorable, particularly
in the northwest, but passenger and
freight rate cuts are increasing.
Lumber retains all of it's early activi-
ty and strength alike as regards move
ment and prices.
Wheat, including flour, shipments for
the week aggregate 3,746, rs bushels,
against z,199,471 bushels last week,
3,799,470 bushels in the corresponding
week of 1895, 2,156, 246 bushels in 1897,
2,S37,631 bushels in 1896 and 1,946, 402
bushels in 1895. Since July 1st, this
season, the exports of wheat aggre-
gate POI, 769, 672 bushels, against 229,-
072, 303 bushels last year.
Corn exports for the week aggregate
ESP, 432 bushels, against 1885, 01 bush
els last week, 1902, 321 bushels in this
week a year ago, 2, ,2S1, SCI bushels in
1897, 1855 bushels in 1896 n 8S4,-
261 bushels in 1895. Since July 1st, this
season, corn exports aggregate 166, 29S,-
15S bushels, against 194. zoe, BAT bushels
during the same period a year ago.
Business failures probably reflect the
semi-annual settlements, numbering for
the week 1879, as against $50 last week,
220 in this week a year ago, 215 in 1897,
21S in 1896 and 215 in 1895.