The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-06-30
AND THAT TIRED FEELING
That Genes From Shut Downs, Boy
cots and the Like.
THEN THERE IS THAT WAR IN CHINA
Fall River Manufacturers Reduce Prices. Furn-
aces Go Out of Blast. Failures For This
Week Increase Over the Same
T;..o - Vo,r
Time Last Year.
(By the Associated Press.)

New York, June 29-R. G. Dun G. Co.'S
Weekly Review of Trade tomorrow will
say:
1.-THE country begins to feel some of the
effects of its new place among the ma
tions. Influences affecting it's business du-
ring the week ranged all the way from
boycott at st. Louis to a war in South
Africa and from sun spots to the relief
of Pekin. Droughts and sun spots have
played their part before, but none can
quite foresee all the results Of defending
American rights in China. Political in
fiuences also tend to color current opn-
ion about most things in Presidential
years. All these and other influences
work together to create a state of I'M
certainty funtil the controversy is over.
The long effort to hold nominal prices
for~iron at Pittburg has ceased, and the
associations now recognize an open mark
ct in which Bessemer is offered at 49,
andabilIets at $26, with Grey Forge at ST..
Scarcely single transaction is reported,
buyers abstaining even more than when
prices were purely nominal and while
there are many considerable contracts
waiting for safe basis in cost of ma
one. Over so furnaces are said to have
gone out of blast, and while some have
been stopped for repairs, many more will
be idle for a time until wage scales for
the coming year have been settled with
labor organizations. With a proper adj
justment of supplies and prices to the
actual demand, a heavy business is pos
sble, but delay at this season may af-
foot Ri
With steel plates quoted at $1.30 at Pitts
burg and No. 81 sheets at 20 cents, no
general gain in business results from
the student decline in structural shapes.
Neither official nor unofficial accounts
have removed doubts about the wheat
crop, and if it proves as low as one esti-
mate, $50, 600, 900 bushels, the extent to
which it may now be displaced in Eu-
ropcan consumption by corn will be seri-
ously tested. Exports of wheat and corn
were 429000,000 bushels in 1898 and
10000, 900 bushels in 1899, and have been
about 100, 000, 900 bushels wheat and 210,-
100000 bushels of corn in the crop year
1900, but never as large before, for in
1892 when 225, 900 bushels wheat went
abroad there were only 100000 bushels
of corn. But all recent estimates of pro-
duCllU1 nave DcSH So lar ulSITuSIcu anu IL
is scarcely good sense to base grave APP
prehension on any SO early in date, and
the census this year will be awaited with
especial interest because it will help to
show how unworthy of reliance some es-
Inmates have been In four weeks of
June Atlantic exports of wheat, flour in
cluded, have been 10,980,076 bushels,
against 1864, 63S bushels last year, and Pa
cific exports 2.75397S bushels, against
2,445,749 bushels last year, while corn
exports in the four weeks have been H.
$50, 244 bushels against II, 4S5, 500 bushels
last year. After rising four cents wheat
closed unchanged for the week and corn
only half cent higher
1.-THE Fall River Committee has made
sudden reduction to 2.S7 cents in the
price of regular print cloths, with not a
single sale recorded Nor are new de
mands reported important. But neither
the sudden reduction in prints nor the
quiet settling in prices of staple goods has
stimulated the market to desired activity
Depression in the market for goods did
not prevent raw cotton from advancing
to ten cents.
Failures for the week have been 207
in the United States against 1S1 last
year, and 81 in Canada, against % last
year."