The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-08-25
PRICES OF IRON STEADY
L over Prices in Cotton Due to Rains
in the South.
NEWS FROM CORN STATES ENCOURAGING
Raw Cotton al Deadlock, Crop Uncertainties
and Extremity Small Supplies Balancing
the Less Favorable Outlook For
Manufactured Goods.
(By the Associated Press.l

(By the Associated Press.)
New York, August 24.-Bradstreet's to-
morrow will say:
Contrary trade currents still give an
appearance Of irregularity to the entire
situation, but good and unfavorable in
f1uences conspire to bring about a sort
of balance which accords we'll with the
weather conditions and the particular
season of the year. If clearings re-
turns are to be regarded the tide of
trade was about at its ebb last week,
but it is we'll known that clearings rare
ly except in time of speculative excite
ment reflect present conditions.
In the iron trade the corner has
apparently been turned for the better,
and there is a perceptible improve
ment in the jobbing demand at leading
Western markets. Prices, too, are steady
the few decreases noted being largely
due to improved conditions, particularly
of corn and cotton crops. Despite the
reports which have pictured the corn
crop as heavily shortened by hot winds,
the reports to Bradstreets from Nebras-
ka, Kansas City and st. Louis are as a
whole quite encouraging. The lowered
price of cotton is largely due to the ar
rival of needed rains in the South At
lantic States.
in the list of unfavorable features
holiday quiet in many lines is notable
at the large Eastern centers although
some Improvement in dry goods jobbing
is reported at several points. In the
textiles trade quiet in cotton goods is
still notable and mems wear woolens
drag perceptibly. Raw wool in quiet, and
the manufacturers are buying only to fill
nr6n ontfI oil Dc
at a dead lock, crop uncertainties and
extremely small supplies being balanced
by the less favorable outlook for the
manufactured goods. Reports are COM
mon of falling off in traffic on lead
ing Eastern railroads now being noted
but certainly nothing of this is re-
fiected in the gross earnings of leading
railroads, second week of August All
in all the trade situation may be said
to lack snap, but there is little appear
ance of weakness and the fall trade out
look is regarded as hopeful.
western trade advices are relatively
most optimistic. The Missouri corn crop
will be an average one and Illinois very
large.
Business failures in the United States
are reported to be 315 for the week as
against 1853 last week, 154 a year ago,
172 in 1898, 210 in 1897 and were about
half what they were in this week four
years ago.
Canadian failures for the week were
20 against "a last week. 90 a year ago,
81 in 1895 and 80 in 1897"
COMPARATIVE COTTON STATEMENT
New York, August 24.-For the week
ending Friday, August "a, 1900. Net re.
ceipts at all United States ports during
week, 1898; net receipts at all United
States ports during same week last year
20, 131: total receipts to this date, 6,507, $50
fetal receipts to same date last year
1881, 735; exports for the week, 1883; ex.
ports for same week last year. 9,796
total exports to this date, 5,756,176: tota
exports to same late lat year, 1887
stock at all United States ports, 3,17S
stock at all United States ports same time
last year, 1886 stock at all anterior
towns, 1898; stock at all interior towns
same time last year, 222,256; stock a.
Liverpool, 306,000 stock at Liverpool
same time last year, 945.000 stock Of
American afloat for Great Britain, $4,000;
stock of American afioat for Great Britain
same time last year, 10000.