The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-10
LARGE BANK CLEARINGS
IRON AND STEEL DISPLAY
GREAT STRENGTH.
NO SHUT DOWN LIKELY This SUMNER
Outlook in Trade as Regards Next Season s
Labor Scale Sill Unsettled Cotton
Acreage May be Reduced Three
10 Five Per Cent.

NerJ York, June 9-BradStreet' S to-
mo, row Will say:
Exceptional lirmneSs in prices Mt the
highest level as regards general staple
values yet reached, Il seaSonably small
rate of business mortality, llndimlnisnpd
industrial activity, perhaps most mani
rest III all branches of trade In whicn
iron, steel and other metals enter. ana
large bank ClearingS, rejecting to some
extent the improved tCle or stocks
out likewise large payments on previous
prohtabie business are among the .ea-
lures not necessarily new, but still
noteworthy, reflected in trade adviceS
Enlarged shipments of breadstuhs, a
result Of recent buying, induced by
crop damage reports at home and
abroad, have, it is true. not Deen suffi
tient To offset liquidation on the last
moderate rise. but this is partially ex-
planned by continued good adyces from
the spring wheat crop, confirmed by
liberal receipts at primary points. iron
and steel display all of their Old and
some new strength i'll the urgent de-
mand for the balance Of tne year. ana
rae usual slwnn&r shutdown See
likely to he honorcd more in the breach
than III the observation OF this trade
The outlook in the trace IT'S regards
next seasons labor scale is still unset
tied. The usual early spring predictions
of an immense reduction in cStton
acreage have failed of realization, ant.
current estimates favor Il falling off
of ) to per cent in the cotton be,t
as whole. This added to good trade
at home and abroad, ana auvIces tnar
the crop has NOT as yet made up al,
the time lost by a backward season.
mas strengthened values OF the raw
material slightly. Small supplies of old
corn and reports of too much rain in
some sections have helped this cereal,
ana are likewise reflected in hog pro
uuctS, but the prospects favor very
large acreage of these cereals. Active
demand for refined sugar has apDar-
ENTITY induced some relaxation in the
war among rehners, and raw sugars in
the advance this week. Wool is firm
ana even higher in some grades az
leading markets with fair Dusln, 81
DONG. Lumber retains all its streloth.
rejecting continued activity in consunp-
i've illfeS. In transportation lines. too
business Is exceptionally good So far,
AT least, as gross receipts are concerned.
business failures for the week number
- rs against 10 last week, but COM
pared with 221 in this week Il year ago.
2ol III 1897; 234 three years ago ANA
22332 in 1895.
Business failures in Canada for the
week number 10, against Is last week;
rs in this week a year ago: 3S in 1897
and 1886, and Il in 1895.
the week aggregate 3.15S.O41 bushels
against 3.o96,065 bushels last week, L.
I30,3S2 bushels in the corresponding
week Of 1898. l,9S3,322 bushels in 1881:
2,922. $50 bushels i'll 1896 and 1.731 131
bushels III 1850. Since July LIST this
season the exports OF wheat aggregate
y i,23S, I'D bushels, against 22O,S1S.uiG
bushels last year; 4,714,333 bushels in
this week year ago; 2,39s POI bushels
IN 1913. Since July 1st this season
corn experts aggregate 100, Az, I.5 bl,sl-
els, against 1S6,69T,320 bushels turing
the same period a year ago.
HESTER'S COTTON STATEMENT.
New Orleans, June 9-Secretary He's
ter's statement of the worlds visible
supply of cotton shows decrease for
the week just closed of 76.797 bales,
against decrease of 1902 bales last
year and Il decrease of II ,653 bales in
1895.
The total visible is 3,444,613 bales.
against 3,J21 40 last week. 1872 049
bales last year. OF this the total OF
American cotton is 3,13S.613 bales,
against 3.243.410 bales last week and
2,5ui, 049 bales last year and Of all
], gr,..f
Egypt, etc, 800. 900 bales. against 216,-
0oO bales last week and 29l 600 bales
last year.