The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-08-29
NAVAL STORES


New 1Ork, august
tomorrow will say: Strength in prices
and steadiness OF demand are still the
salient features OF the trade situation.
Iron. steel and other metals, mos. Of
the cereals, leather and cotton goods
manifest upward tendencies as to
pSices. Other staples, with the excep-
ton OF sugar and anthracite coal, retain
all their old firmness. Fall demand is
expanding al most markets, particu-
larly good reports being received from
the northwest and that portion OF the
corn growing country which this year
seems likely 10 be notable for surplus
production.
Aggressive strength and firmness Is
noted in iron and steel, particularly
at central and western markets.
Consideration OF next years needs
nov seems to be the mos; prominent
feature OF the trade aside from COM
plants of slow delivery On nearby or
ders. Foremost in advancing Is slruc-
tual material, which has moved up IS
per ton closely followed by steel bill
lets, with IN advance OF So, and steel
rails and nearly all grades Of pig iron,
W = ~ aAA SNAtNA
metals show sympathetic strength,
notable in this respect being tin and
lead.
e Among the cereals wheat has beer
quite firm all the week, partly owing
to a whiting down OF northwestern
estimates, but also due to steady de-
mand for the cash article, alike on
foreign and domestic ccoun The
relative scarcity of cash corn Is re-
Sponsible for the advance shown this
week in the face of a concededly large
production. The shadow OF the Neill
estimate is still over the cotton market,
which, however, is frmer, owing TO re-
ports OF deterioration due to heat and
drought and partly TO exceptionally
good reports from manufactured goods,
quotations OF which are tending up
wards.
A sudden cut in the prices OF refined
sugar has led to the impression that
the sugar war will be reopened in all
its fierceness.
Additional strong features in the
general trade situation are the Excess
| sive demand for lumber It most mar
kets at steady prices and the firmness
in the higher grades OF wool, notwith-
standing less active buying. A sup
porting feature in this latter case, how
ever, is the active demand reported both
for mems and women's yea woolens.
Conditions OF supply and demand
seem to be at the bottom Of the recent
rise in beef prices. This advance has
attracted increased receipts OF grass
fed cattle and some shading OF quota
tons is noted, but Chicago prices have
only been equaled five times in twenty
+x-n Th -a go No. -lr IN nm nnn
less beef cattle in the country than
there were seven years age and in fact,
there are fewer cattle in the country
now than in any yea since 1882.
Reflection OF the smaller supply OF
hides and Of the active demand for
boots and shoes Is found in higher
quotations for hemlock sole leather at
some markets.
One Of the least satisfactorily stu
ated trades Is that of anthracite coal,
in which production appears to have
cut and stripped consumption again
and there is plain price cutting.
Wheat, including -four, shipments
for the week aggregate 3,343,S25 BUSH
els, against 4,040, 009 bushels last week,
3,563,476 bushels in the corresponding
week OF 1898. 5,149, $50 bushels in 1897,
1921, 854 bushels in 1896 and 1,S71,9 28
bushels in 1895. Since July 1st, this
season, the exports OF wheat aggregate
29,508, 1874 bushels, against %. 900, $50
bushels last year.
Corn exports for the week aggregate
4,596,097 bushels, against 5,531, 405
bushels last week, 2,64S,9 33 bushels in
this week a year ago, 2,eS2.4 52 bushels
in 1897. 2,610,309 bushels In 1896 and
1,126,536 bushels in 1895. Since July
1st, this season, corn exports aggregate
37,123,0 4S bushels, against 22,877,2 9S
bushels during the same period a yea
ago, and q ,348, 295 bushels in 1878 IS.
Business failures In the United States
for the week number 175. as against
172 last week and in this week a year
ago, 210 in 1897, 800 in 1896, and 100
in 1895.