The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1902-04-29
GENERAL Trade is COOL
In the Northwest Snow Retarded Dis
trlbution Somewhat.
The KANSAS WHEAT CROP IS INJURED
Nothing in Excess Of a Three Fourths Yield IS
Expected. Ra" Cotton is No. One
Cent Above Last Years
Prices.
lBy the Aseociatoa press

'+N"-f
New York. April 25.-Brsdstreets TO-
morrow viii say
Despite. and indeed partly because OF.
marked irregularities in weather eondi-
tions and extreme temperatures. accom-
panied by deterioration in the winter
wheat crop OF the Southwest. general
business and speculation have been ~ a
very full volume for this season OF the
year. Retail demand was relieved from
the incubus OF backward Weather by the
hot wave which swept over a large part
OF the country this week. This has re-
suited in a fair record business from
wholesalers and jobbers in the east but
the talk OF crop damage put a check upon
demand n the Central West and South
west, and wholesale trade reports from
these sources are not as good as earlier
locked for, although showing some i'm
proNement over a year ago. IN the North
west snow and rains checked retail trade
ana distribution, but the general effect
has been TO rather improve the ultimate
crop and business outlook than other
wise, although delaying seeding somewhat.
Some notable price movements have oc-
Cured this week and taken as a whole.
the number of staples and OF securities
reporting record prices has been very
large. Among the industries activity has
remained as great as heretofore. and the
labor situation has rather improved. par
titularly in the building and allied trades.
which 'tpOrt unsurpassed activity pre-
Sailing.
The cereals and to a lesser degree
hog products, generally, responded
~ 80 tly = - ~ IL
reports which coupled with very heavy
decreases III the visible supplies. partic-
ularly in Manitoba and the Northwest
resulted in the highest prices Of the
crop season being reached for cash wheat.
Corn, too, almost broke the season rec
ord. Crop reports to Bradstreet's indi-
ca g that beyond doubt the Kansas wheat
! crop has been hurt by the drought and
hot winds. Nothing in excess Of three
: quarters Of a crop is looked for even by
the most ~sanguine, while sixty per cent
OF last years yield is confidently pre-
dicted. In other sections, however, rains
have benefited the situation. Meats are
all higher, marketable animals are scarce
and receipts are small Hog products
have advanced in sympathy with cereals
but butter and eggs, alleged to have
been cOrnered some time ago, have bro
ken badly, the former to the extent
Of seven cents per pound.
Cotton bulls, encouraged by the light
crop movements, and nervousness of
shorts, have forced prices higher, the
highest prices for the season being
reached when spot sold at 912c. Raw
cotton is now one cent above last years
prices and early reports as to proposed
decreases in acreage are being modified.
Reports by leading Eastern jobbers are
that the past season has been q very
good one for dry goods and the only
complaint now is as to deliveries.
In iron and steel anxiety to get sup
plies OF crude material is almost as
great as ever. Southern furnaces appear
to have abandoned the idea of holding
down to the So rate for number two
foundry and liberal sales are noted by
independent concerns at SIS and better.
Business failures number 181 as
against 214 last ear. For Canada 20 as
against % a year ago"