The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-08-14
BUT The PRICES ARE LOW
Advance il Wheat Based Mainly on
Improved Export Irquiry.
DRY GOODS STRONG WITH RAW STAPLE
An Immense Bu,iness in Stsel Produces is Re-
port Booked d Chicago, ard Steel Bars
Are firmer. Pig iron Me-! c.ed.
Light Production.
Light Production.
(By the Associated Press J

New York, August 1o-Bradstrects to-
morrow VIII say:
TRADE conditions still exhibit many
Of the Irregularities incident to the tran
s;ticn period from mid summer to early
fall trade. Despite the hot wave, with
it's effect on the growing distributive
demand, and also because OF the reports
of damage 10 the corn crop which it has
melted, more cheerful feeling is per
certible in general trade, and the booking
OF call orders fer dry goods, clothing and
hardware at leading Western centers and
heavy engagements in iron and steel
products, though at low prices, are of
encouraging proportions. Prices are not
showing the precipitate declines Noted
some time ago, and among the really
encouraging features are the advance in
wheat, mainly based on improved export
inquiry.
Cotton goods partal1e CT the strength
of the raw material, due to talk of a
possible bullish crop report and where
weakness is still percertble, as in brown
ccttons, print cloths and wide shee.ings,
the natural corrective Of reduced pro
Guction, are being increasingly sought.
It has been a remarkable year in cotton
and cotton goods, and although the goods
market is rela lively weaker than the
raw Material, q great deal hinges on
the next months business in dry goods
circles. 1t is regarded as relatively GER
ain that with an II 900, 600 bale crop values
will be maintained at prices lower, it is
| true, than the present quotations for raw
-
with last CIR previous years range. The
| spring season light weight season has
| opened with prices 21a to 10 per cent
| higher than q year ago, and much depends
| On the actions of buyers in guiding manu-
| facturers as to purchase Of raw material
| While the dry goods demand as whole
| is still classed as backward fer the sea
| sen, hot weather is credited with some
cf the responsibility, and the trade at
| tituGe as a whole is one Of hopeful ex-
| peCtancy.
| AN immense business in steel products
! is reported booked at Pittsburg and Chi
/ cago. and steel bars are really flrmer
with an advance of 81 per ton announced
| bv Western manufacturers. wlho have
| sold their output up to the close OF the
! year Pig iron is still rather neglected
| but inquiry for this material is really
| better at the South, largely on eXpor
!, account and furnaces shut down are Sc
numerous as to indicate an ADEQUATE
| realization of the fact that the root 0
| the evil is in the output OF the crude
material. Current production IS claimet
TO be the lightest for more than q yea
past and further announcement OF shu
down are scheduled as far ahead IS Sep
| temJer 1st.
Business failures in the United State
do not vary much, numbering ~ 70
the week against 10 last week; 10
in this week q year ago; 15l in 1898; Il
in 1897 and 23S in 1885.
| "Canadian failures number 90. agains
90 last week: 27 in this week last year
and 33 in 1S9S.