The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-01-16
The Gist Of Dun and Brad
streets Weekly Report
NO DECREASE OF FAILURES
Cotton has Fallen II 8 Per Cent
since September 18th.
NEW woQLENMjLLs STARTED Up
NO Hope Except in Decreased Produc-
lion For Cotton Manufacturers
Trade Continues
Dull.

i New York, JAM To- IL, ~, buh ~
/ Co.'S. weekly review OF trade tomorrow
j win say. The greatest growth and pros
neritv the country had ever seen came
Suddenly In 1879, after several months
az disappointment because specie re-
sumption had not yet brought the bene-
fits expected IL is not the largest aud
most powerful vessel that can be started
most quickly, and 1t takes time for new
confidence 10 reach through easier mon
CIV markets, larger orders, resuming mills,
expanding employment and larger distri.
button, to the results which make still
greater and lasting gain possible. Such
gradual and steady Improvement has
been in progress for more than two
months.
The output of pig iron has gained 12,3
per cent in December and 41.6 per cent
since October LIST. The output of coke
has increased SS.T per cent since October
LIST. Sales OF wool have again become
large though not yet fully reported. Mon
ey markets feel a steady increase in de-
mand for commercial and manufacturing
loans. Additional works have gone into
operation each week in January and the
working force is larger than at any other
time in six months. Best OF all, there is
so little crazy excitement that the gain
may he described to the deliberate judy
nfent OF the ablest and most prudent
men in business. 1t is not
time of high prices. Many
who are anxious 10 get early hold
on the market are making for the mo-
ment lower prices than they could afford
to maintain. Some have secured orders
4fot. anraIr and hooriYl
to be less keen in competition
Textile manufactures are not encour-
aged by the demand for goods
more print cloths were Sold than
for many weeks. But some mode Of
clearing away the enormous surplus has
become a necessity. Lower prices are ex-
nected in goods, and slow buying is not
unnatural since cotton has fallen lis
per cent from September II, print cloths
seven per cent, bleachcd goods 31a To-
5112 and brown goods 2la, 3 and 4 per cent.
Though woolen goods do not improve,
there has been enormous purchases Of
wool by large mills, not in records, which
cover for two weeks of January lilo
800 pounds at the three chief markets,
against list, 900 last year, and 10,67s,-
SO in 1895.
The wheat market has varied but
slightly, closing II Of a cent lower. West
ern receipts for the week, 1905, 032 bush
els against 2,916. 274 last year, are check
ed by storms and by current prices in
view Of farmers expectations. Atlantic
exports were 1,456, 40S bushels, flour in.
Guided and for two weeks. 3,4S4,31T a.
gainst 4, 4S3, 100 last year. December ex-
ports were 10,S56,519 bushels Atlantic,
-four included, a gain Of 2,701 900 and
5,112,0lS Pacific, a gain of 100000
bushels Traders begin to realize that
enormous exports of corn are taking the
place of wheat ia foreign consumption
and will lessen the demand il wheat be-
comes dearer. Cotton took rise of an
eighth on Il traders estimate, without
change in conditions
Failures for the week have been ass
in the United States against 800 last
year and IL in Canada against 81 last
year. The aggregate of gross earnings
Of all railroads in the United States re-
porting, for the first week of January is
"a, 1902, a loss of 40 per cent, compar-
ed with the corresponding week last year.
For December more complete returns
for the month show gross earnings of
S3S, 5S6,912 for United States roads,
loss of 2.3 per cent, compared with De-
cember, 1895, and of SO compared with
December, 1892.