The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-19
GREATER EASE OF MONEY
The Railway Earnings For June Are
Very Flattering.
FRUITS GENERALLY HAVE DONE WELL
The Crop Position If Cotton is Mt Yet Clearly
Defined Enopgh to induce New Com
mitments, Better Tone in The
Manufacturing.
Manufacturing.
(By the Associated Press.)

(By the Associated Press.)
New York. July 18-Bradstreet's will
say tomorrow:
Weather, crop and industrial develop
ments have been largely favorable and
coupled with the greater ease of money,
make for an optimistic feeling in trade
and speculation. AS stated some time
ago and confirmed by recent develop
ment, the future seems more secure, but
the immediate present does not in all
instances present so satisfactory an ap-
pearance. Warmer weather has continued
to help retail distribution, but has not
in all cases made up for the disadyan-
tages created by the heretofore back
ward season. With few exceptions sum-
mer resort business has not equalled ex-
pectations. Railway earnings are really
flattering June returns on nearly 100000
miles of road showing an aggregate gain
of s per cent over last year. The de-
mand for products of iron and steel
seems to he recovering from the tenn
porary depression. The shoe trade and
naturally hides and leather, heretofore
backward have begun to show favor
able side and the strength of wool and
WOODEN goods is also more noticeable The
dry goods trade is rather quiet, but in
creased interest seem to be expected The
Eastern fall jobbing trade in this line
is not expected to>set in quite as early
as a year ago. Good growing weather is
reported the country over and corn and
cotton reports are generally more favor
able. The Southern peach yield has been
large and fruits generally have done
well.
Iron and steel trade conditions are sur
prisingly good, to none more so than
the manufacturers themselves, who at
the middle of July find their output for
the last half of the year practically
booked. The scarcity of pig iron amounts
TO something approaching famine owing
10 restricted supplies of fuel causing shut
downs of numerous furnaces. Numerous
orders for pig iron for the first half of
next year have been booked both by
Northern and Southern furnaces. The
position of the latter has been much inn
proved by the settlement of the coal
miners strike in the Birmingham dis
trict. Heavy sales of finished material
are reported at Chicago and Pittsburg
this week. Bar iron, structural material,
rails and in fact all of the heavier forms
note special activity. Implement manu-
| facturers have been free buyers. Hard
| ware has been exceptionally active, build
ers' material leading. Some Western
shovel manufacturers report an unprece-
dented output and sale of this class of
| material Wire cloth is active and large
orders for material are reported booked.
| Machinery, saws and stoves are active
at the West. Prices note few changes
and arc at the top on practically all
| lines.
Wooden goods are still quiet at the
| East but the reports as to the clothing
| business received from Western and
Southern manufacturers indicate good
| business. Wool is strengthening per-
ceptibIy Eastern quotations between one
half a cent higher and the tone is more
| optimistic in this trade, helped as it is
| by firmer prices in London and reported
drought in Australia. 1t has been a
| waiting market for cotton, the crop posi-
| tion not being as yet clearly defined
! enough to induce new commitments. A
| better tone is noted in the manufactur
| ing branch, particularly in print cloths
which are said to be in increased inquiry
at Fall River. The industrial situation
is better than it has been for some time
past. Wheat, including flour exports for
the week ending July H. aggregating g.
775. .222 bushels against 4.404, ,t15 last week
and 5,221, $50 in this week last year.
Wheat exports since July I, aggregating
9.S7S,3 ,337 bushels against 12.763,121 last
season Corn exports aggregate l3O.679.
against 49,, ,131 last week and 1,714,OS1
last year For the fiscal year corn ex-
ports are 8S9 794 bushels against 6,00S,-
7eS last season.
Business failures in the United States
for the week ending July II number ia
as against 195 last week, 20S in this
week last year Failures in Canada num-
her II against 2S last week and in this
week a year ago.