The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-01-06

HOG PRODUCTS ADVANCED
WAREHOUSING COTTON HAS A
REASSURING INFLUENCE.
IRON AND STEEL ARE QUIET AND STRONG
Textiles Displayed Notable Strength. Ship
ments of Wheat For the Week More Than
Million Bushels Less Than Same n
Week Last Year.
Week Last Year.

Week Last Year.
New York, Jan. 5.-Bradstreet's Will
say tomorrow:
THE business world has marked time
this week, pending the results of annual
stock takings and the passing away of the
holiday Influences which usually make for
quietness for this period. Aside from
the strengthening of values of a number
of staples, such as the cereals, provisions
and cotton, which are speculatively dealt
in there has been no decided movement
forward, but on the other hand the
strength of all other staple values point
10 there having been no backward steps
taken. Perhaps the most notable move
ment among leading staples is that de-
velOped in hogs and hog products. Il bet
ter realization apparently being had of
the features making for strength in those
products, notably among which is the re-
duction i'm the supply of hogs, which like
the similar falling off i'm the number of
cattle, has gone ON for a number of years
past. That the advance in hog products
is beginning to attract more attention
this advance has had sympathetic reflec-
tion in the prices Of wheat and other
cereals, which really trace some of the
strength which has been shown this week
to that source While stocks of wheat
have fallen off in Europe, and shipments
thereto in December were the lightest re-
corded for many years past, still stocks
have increased in this country to NEARLY
as great an extent
Owing to the continued light move
ment and the confidence with which hold
ers maintain prices, cotton has advanced
slightly during the week. 1t is evident
that the new PLAN of warehOusing cotton
is having n measurable influence upon
the movement in sight.
''In iron and steel quiet strength has
as for many weeks past been a notable
feature. A rather more aggressive feel
ing is NOTED at Chicago, where wire and
nails have been considerably advanced.
and bar steel, angles and channels have
also moved upward With the country's
production sold ahead as heavily as it is.
there is naturally little or no immediate
new business offering. No sign of weak
ness in the steel market is perceptiblc
and there has been, in fact. marking
mp of the nominal rates. The hardware
trade has completed year remarkable III
many respects and the significant report
comes from the West that number Of
statesmen did not leaye the road at all
during the holidays. but kept steadily at
work. Light hardware of some sorts has
been marked up this week.
'Tmmber is seasonably quiet. but al
ready preparations for an active spring
business are perceptible. A point OF
much interest to the lumber trade is the
possible placing of an immense order,
estimated at ten billion feet of yellow
pine, for the Pan-American Exposition
building at Buffalo. Prices show no
weakness.
Textiles display notable strength. Next
season cotton goods will all opel higher
and in finished products particularly
there is chance for expansion, as QUOTA
lions in these lines have not moved I'D
to a parity with gray goods The short
supply of water is beginning to affect the
OUTPUT of New England cotton mills and
this promises to introduce still another
element of strength into holders posi-
tions.
wool, though quiet. is strong and
manufactured goods will certainly open
at good advances. The bulk of the Ola
crop is claimed to have already been mar
keted Export trade for our fine wool Is
good. as evidenced by some shipments TINS
week to England and some buyers are
said to have bought wool that Us YET on
the sheeps' backs In the West.
wheat, including flour. shipments FOR
the week aggregate 2,509.6S2 bushels
against 3.610.557 bushels last week. o.
$50. 26S bushels in the corresponding week
in 1899: 3.4S1 $40 bushels i'll 1888; s.
los. 6SS bushels in 1897 and 3,471.6Sl
bushels in 1896. Since July LIST this sea-
son the exports of wheat aggregate 1906
493, S79 bushels against 12S,3SS,97l bush
els last year and 132, 543, 1913 bushels IN
1S97-9S.
Corn exports for the week aggregate
4.119036 bushels against 3,226,259 bush
els last week. 4,S14,2SS bushels in this
week a year ago, 3,455.416 bushels in
1898: 4,S19,261 bushels in 1897 and =
626. 423 bushels in 1896 Since July LIST
this season corn exports aggregate 10
656,1S bushels, against S3.194,921 bush
els during the same period a year ago
and $780,, 676 bushels i'll 1S91-!}S.
Business failures for the week num-
her 229 as compared with 220 last week.
237 i'm this week a year ago, 333 III 1913
end 4SS in 1897.
Business failures in the Dominion of
Canada number 24 for the week as COM
pared with % last week. 26 in this week
n wear ago. and 4S in 1893"