The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-07-31
RAILWAY EARNINGS GOOD
Less Weakness in the Prices of Lead
ing Cereal Products.
A LARGER INQUIRY NOW FOR RAW WOOL
Meanwhile the Iron and st el Industry is More
Depressed Than at Any Time For Thr>e
Ye2rs Past. Trade in Dry
GooCs Backward.
GooCs Backward.
(By the Associated Press.)


New York. July 27.-Bradstreets tomor-
row will say:
Important changes in trade and spec
ulation are notably lacking this week
but counter currents of demand in
rious sections and industries lend a
rather more than usually irregular ap-
pearance to the general situation Among
the favorable features calling for notice
are the practical assurance Of an i'm
mense corn crop by the recent copiouS
rains in the further West, the cOntin-
ued cheerful reports from the sections
which have gathered and are now mar
lleting a large winter wheat crop, ad-
vices Of continued improvement in tone
in the Northwest, with reports of renew
ais Of earlier cancelled orders for fall
goods, fairly satisfactory gains in gross
railway earnings, less weakness in prices
of the cCuntry's leading cereal products,
based apparently on renewed buying for
expert and rather more inquiry for
wool by manufacturers. Unfavorable ell
ements in trade probably find their chief
and greatest exposition in the iron and
steel business. That industry is, if possi-
ble more depressed than at any time for
three years past, and expectations that
price declines would be checked by the
arrival OF finished material at q cost
basis have been disappointed, because
this week steel bars have been sold in
some instances a one cent per pound,
which is ungueStionabiy below the basis
CT cost Of raw materials and manufac
tCre. That large tonnage OF this ma
terial and OF Southern pig iron has been
worked eff seems certain, but it is still
q buyers market, with everything that
this implies.
Export business would undoubtedly
expand if ship room We're available.
The trade in dry goods at the East
particularly seems to be backward, pend
ing an earlier realization of the cotton
goods situation. Bleached goods have
been reduced, but gray goods and brown
cOttons are steady. Some re-sellinS of
their raw cotton by Eastern mills for
export is reported. Satisfactory progress
is reported as to the growing American
and Egyptian crops and the margin be-
tween Ole and new delivery tends to
widen. q - ea
business failures are smaller, num-
| boring 1873 in the United States, as com
pared with c92 last week, 40 in this
| week q year ago, 1S9 in 1898, 2o9 IN 1897
| and 221 in 1896. Canadian failures num-
| Der 13, as against 26 last week, IS in
| this week last year, 81 IN 1885, 80 IN 1897
and d in 1866
| IIEsTER'S COTTON STATEMENT.
| New Orleans July 27.-Secretary Hes
| tcr's statement of the worlds visible
| supply CT cotton shows the total visible
! supply is 1,413,6 ,615 bales against 21t3,3SG
| bales last year. CT this the total of
/ American cotton is SS1 ,675 bales against
! % Of hn
kinds, including Egypt, Brazil, India. etc,
532 900 bales against Isl, GOO bales last
| year.
OF the worlds visible supply there is
| now afcat and held in Great Britain
| and Continental Europe Sol 900 bales,
| against ,?27 coo bales last year, in Egypt
| 81 900 bales against $4,000 last year; IN
| India 29C, 600 bales against 5oS,ooO bales
last year ard in the United States 206,
OO0 bales against 637 600 bales last year
TOTAL BANK CLEARINGS.
New York, July 27.-The total bank
| cearngs at the principal cities OF the
United States for the week ended Jul}
26th. were S1,33I, ,2fo, decrease, com
pared with the corresponding week O
last year, Of 81 per cent.
Outside of New York city the tota
clearings were 1867 ,367 ,C46, a decrease o
| IL per cent.
| COMPARATIVE COTTON STATEMENT
New York, July 27.-For the week end
! ing Friday, July 81 1906:
Net receipts at all United States port:
during week, 27,431; net receipts a. al
| United States ports during same Wecl
last year, 1908; total receipts 10 thl:
| date, 6,474 504; total receipts to same
| date last year, S.3G3158; exports for tbs
| week, "a 4,230: exports for the same Wcel
last year, IT, ,359; total exports TO thi:
date 5,634 ,619; total exports to same dat
| last year, 7,C67,5i1; stock at all UEitet
| States ports, a., ,9tt: stock at all Cnitet
| States ports same time last year, 393.
| i12; stock at all interior towns, 1t.ol9
| stock at all interior towns same tim
| last year. 23o, $40; stock at Liverpool
| 81 .0GG, stock at Liverpool same tim
last year, 1919 GOO; stock of American
| adoat for Great Britain. 40 ,0e0: stock o
| American afloat for Great Britain sam
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