The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-05-29
Unsettled Conditions in Cot
ton Weaken Quotations.
Wheat is an Exception. Cotton Stats
tically Is Very Strong.
THE GROCERY BUSINESS LOOKING UP
Sharp Advance in Refined Sugar Stimulates De-
mand in Other Lines. Wool and Lum-
Der Weaker In Iron and Steel
the Dead ok Continues.
ny The Associated HfAae

Thy The Associated lfhaS.i :;
New York, May 25.-nradstrcets to-
morrow will say:
Trade is. i ANYTHING. q.ieter. cnl
prices are lower han Il wnok aS1, while
tive capacity to present conditions are
noted in several iinos Of in3nst-r, ra'a-
bly, iron and steel AMI lumbet Unset
tied conditions IL the cotton trade AM
a large failure. due T"iniy 10 over-stay-
ing the bull side of this starla. has ten
ded to weaken quotations. in several lines
of speculative busine 81. Rather better
crop reports and the backward demand
for cotton goods are of course partly re-
sponsible for the sharp break, but
statistically the staple remains very
strong. Crop reports are, IS n whole,
good. except for wheat. rs regards III
latter. it may be said that in the North
west some much needed rains have fal-
len, but the claim is male that Hlorc
moisture is needed. Winter wheat Tros-
poets in the Southwest remain good, but
foreign inquiry has been on 4 reduced
scale. Practically the entire Gro? 81
corn has been planted under farcraele
conditions and reports from the oats crop
are likewise good, but a slight shading OF
quotations, due to backward export buSl-
ness. is to be reported for these cereals.
Hog products are also lower ana the
: same is true of cheese, petroleum. hides
and leather, copper and q NUMBER OF IRON
and steel products.
perhaps the most favorable report Tor
: he week as to distributive trade comes
from the grocery business, in which the
sharp advance in refined sugar, due, 1t
is claimed, to the enhanced price of the
raw material and not to any settlement
F.. Of the trade war. has stimulated demand
in other lines, notably coffee, which IS
also higher on the week. AdvlcPs from
the dry goods trade are OF backward
= demand at retail, affecting orders IN many
lines, but cotton goods production IS
- still heavily sold ahead and a marked
- decline in raw material will have TO oc-
cur before much effect is exerc sed upon
:, finished products.
! wool is weaker and manufacturer
- firm. but with jobbers asking for lower
# prices.
Lumber is on tie whole. weaker
30 psrtly owing to the unsettled CONDITION
>, in the building trade and partly 10 th'
Il, feeling that prices have bnen pushed to'
4 high and this feeling is likewise true Q
- a number of other lines.
i In iron and steel the deadlock still
-. continues. buyers and sellers being apart
Ia while the drift of values where bushes
40 is actually accomplished is toward a low
or range. Normally. Bessemer pig an
10 steel billets are unchanged and this !
al correct as far as large producers ar
90 concerned, but outside offers are at con
,d siderable reduction from quoted value
10 Notable weakness exists in the price
o. for iron and steel bars, for plates an
for some grades of eastern fOundFy lfoi
~ Almost the sole supporting feature
,cc the strength Of export business, but lat
bis adyices would seem to indicate that 1oi
# eign markets may follow those OF hmsf
~ ca toward a lower range. Almost aion
among iron and steel products, STRUCTURE
1cr material is firm and much is hoped iof
the direction of new business. Inc wen
ness in cast iron pipe is inducing son
curtailment of production, notably a' u
till South. :.
Wheat. including -four shipments I
he the week aggregate 3~,69S,?oS Dushei
,rs- against 5.178,422 bushels last Wee
mos 13o bushels in the correspondent
week Of 1899; 1900, 1873 bushels in -
2O91 1926 bushels IN 1897. and 2,o6i'9
bushels in 1896. Since July 1st, this Sc
,ed son. the exports of wheat aggregate La
~. aS2 436 bushels, against 20S, 469, 3O9 bushe
last wear and 30, S96. 500 bushels
1S97-9S.
val Corn exports for the week aggrega
ia 4374143 bushels. against 3.437,9ei bushe
+ho last week: 3.s45, SIS bushels in this we
10 q wear ago; 6,164,451 bushels III lo9
YES Z,loo'Soo ouohei' ~, - tbis co
'ace DusHeiS III low 1o5 go .
had son, corn eApoi'a - coo hrshals Il,
,uld Dushels. a5aih0l ond -
lSte ing the All
,ce l27. 595 bushels in 1928.
Business failures for the week hu'
her 167 in the United States. as co
had nared with 155 last week; 13S in TINS we
a wear ago; 231 in 1895; 23l in 1884, d
hey 227 in 1896.
Ia .In the Dominion of Canada nuslns
f+ar failures for the week number Il as co
| in pared Win q laSt We % - 1oa- .
Of a year ago; 70 III 1919