The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-07-29
Current Business Larger than
Last Years However.
IRON AND STEEL ACTIVE
CEREAL. MARKETS NOTE LITTLE
CHANGE IN PRICE.
COTTON PRICES fall With sRfINS
Tin and Lumb are Strong, Sugar Shows an
hdyar c. in The Refined Article To-
bacco IS Firm and Cigar
Leaf Scarce.

Leaf Scarce.
New York, July 2S.-Bradstreets To-
morrow will say:
Weather conditions exercise their ma
tural effect upon the volume of current
business, which is, however, larger Than
year ago, and restrict speculation,
therefore limiting the volume of bank
clearings without, however, exercising
any particular influence upon prices,
which display nearly all their old firm
ness, and in fact, show still further adj
vances in several lines. Official statis-
tics OF pig iron production for the first
half of 1899 point to the largest produc-
tion on record, having been insufficient
TO offset current demand, and stocks at
the close of the half year are far be-
low what they were at the opening or
ut this time one year ago Special ac-
tiyity in the iron and steel industry is
reported at Chicago, where heavy adj
yances have been made in finished pro-
ducts, and numerous shipments are re-
ported not only to Chic and Pcunsyl-
yania, but as far east as Boston. Every
blast furnace IN the Birmingham district
is expected to be in operation by the
advent of autumn, but the production
for the latter part of the year 1889.
which promises TO be enormous, has all
been booked. The glass trade is report
ed particularly active and conditions in
that industry are said TO be the best for
years past.
The cereal markets note little change
in price, but trade opinion seems to favor
steady demand and few fluctuations, IN
view of admittedly largely necessary TAX
ings by foreigners. Liberal rains at the
South, particularly in the Atlantic coast
States, have improved cotton prospects,
and a slight shading in price is to be
noted for the week.
Among the metals, tin has displayed
exceptional strength. largely in sympathy
with heavy advances abroad, claimed to
have legitimate basis in heavily in
creased consumption without II cores
ponding output Of the raw material.
Smaller arrivals and heavily reduced
stocks Of raw sugar, added to large sales.
of refined, have resulted in AN advance
in the former product. Lumber Is
strong in price, and some building opera.
tons are reported interfered with. North
western shipments of white pine are re
ported very heavy for this season To
bacco is firm and cigar leaf scarce: point
ing to good prices being realized by hold
ers. Among the textiles. cotton goods re-
tain all their old strength. Fall demand
for dry goous is increasing, but com
plant Of slow delivery is more fire.
quent. Manufacturers of wooden goods
are purchasing more freely Of fine domes-
tic grades and prices tend upward, al
though there is less speculative buying
reported at leading markets.
Business failures for the week num-
Der 10, againsct III last week. $50 in
this week a year ago, $50 in 1897, 1914
in 1896 and 221 in 1895.
Canadian failures for the week NUM-
Der rs. against 10 last week, "a in this
week il year ago. 81 in 1897, 81 in 1896
and "A in 1885,
Wheat. including flour. shipments for
the week aggregate 3.366.43 bushels.
against 3,40S,073 bushels last week, p
371,S72 bushels in the corresponding
week of 1898, 2,343.021 ia 1897: 264S.-
74S bushels in 1896 and 1,460917 in
1895. Since July 1st this season the ex-
ports Of wheat aggregate 13,797, 292
bushels against 10.314S10 bushels last
year and S,346,547 bushels in 1897.
Corn exports. for the week aggregate
3,700.320 bushels against 1906 94
bushels last week, 1901, S21 bushels in
this week year ago: / 1927 bushels
in 1897; 1,495.S12 bushels in 1896 and
594, s65 bushels in 1895. Since July LIST
this season. corn exports aggregate 49,
017.497 bushels, against 1867 .469 BUSH
Ee-s during the same period "A year ago
and 9,232,??21 bushels in 1S97'9S.
TIESTER'S COTTON STATEMENT.
New Orleans. La July 2S- Secretary
Hester's statement Of the worlds visible
supply of cotton shows Il decrease for
the week just closed of 1881. against
4 decrease Of 11397S last year and a
decrease Of 137.406 in 1895 The total
visible is 2.564,3S6. against 2.677, 757
/ La. 4 - ~ ATNsN