The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-01-09

HOG PRODUCTSADVANCED
UAPFHOTSING COTTON HAS \
EEAssrRING INFLUENCE.
IRON AND STEEL ARE QUIET AND STRONG
Textiles Displayed Notable Strength. Ship
ments of Wheat or the Week More Than
a Million Bushels Less Than Same
Week Last Year.
Week Last Year.

Week Last year.
New York. Jan. 5.-Bradstreet's will
say tomorrow:
The business world has marked time
thi~ week, pending the results of annual
sock takings and the passing away of the
holiday Influences which usually make for
unierness for this period. Aside from
the strengthening Of values of Il number
Of staples. such rs the cereals. provisions
and cotton, which are Speculativeiy dealt
i'm there has been no decided movement
forward, hut. on the other hand the
strength of all other staple values point
IL there having been no backward steps
taken. Perhaps the most notable move
mcnt among leading staples is that de
welcomed in hogs and hog products. i bet
ter realization apparently being had OF
rhr features making for strength IN those
uruIuctS. notably among which is the re-
duction in the supply of hogs, which like
lhc similar falling off in the number of
cattle. has gone ON for Il number of years
past. That the advance i'll hog products
is beginning to attract more attention
seems evident from the extent to which
This advance has had sympathetic refiec-
JtbIl III inc llltt~ " W iNtt sAlb 'Nl'N
cereals. which really trace some Of the
strength which has been shown this week
10 that source. While stocks of wheat
have fallen off in Europe. and shipments
thereto in December were the lighte>t re
corded for many years past. still stock
have increased in this country to nearly
as great an extent.
Owing to the continued light move
mpnt and the confidence with which hold
crS maintain prices, cotton has advanced
slightly during the week. 1t is evident
that the new plan OF warehousing cotton
is having a measurable influence upon
the movement in sight.
In iron and steel quiet strength has
rs for many weeks past been Il notable
feature. \ 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 10 immediate
new business offering. No sign of weak
ness in the steel market is perceptible
and there has been. lit fact. Il marking
up Of the nominal rates. The hardware
trade has completed Il year remarkable ir
many respects and the significant report
comes from the West that a number Of
statesmen did not leave the road at all
during the holidays. but kept steadily at
work. Light hardware of some sorts has
been marked up this week.
Lumber is Seasonably quiet. but al
ready preparations for an active spring
business are pe%rceptible. y 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
binding at Buffalo. Prices show no
weakness.
"TeXtileS display notable strength. Next
season cotton goods Will all oDtl higher.
and i'll finished products particularly
there Is chance for expansion. as quota
tions in these lines have not moved NJ
10 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-
lions.
Wool. though quiet. is strong, ano
manufactured goods will certainly open
ut good advances. The bulk of the ole
crop is claimed to have already been mar
keted. Export trade for our fine wool Is
good, as evidenced by some shipments this
week to England and some buyers arc
said TO have bought wool that is Yet or
the sleeps backs in the West.
Wheat. including flour. shipments fol
the week aggregate 2.3O9.6S2 bushels
against 3.61O.55I bushels last week. g..
StO,26S bushels in the corresponding week
in 1899; 3,4S1 $40 bushels in 1898: ).
10S.6SS bushels in 1897 ard 3.i11,6 S1
bushels in 1896. Since July LIST this sea
SON the exports of wheat aggregate 100.
493,S79 bushels against ~12S.3SS.971 bush.
~l9 last year and 132.543,393 bushels IL
1S97-9S.
torn exports for the week aggregate
4,il9,o}6 bushels against 3.226.2o9 bush
els last week: 4,S14.2SS bushels in thu
week Il year ago, 3,455.41G bushels il
1873; 4.S19.26l bushels in 1897 and
626,423 bushels in 1896. Since July Isl
tins season corn exports aggregate 20
hb6, lS1 bushels, against 80. 1892 bush
els during the same period a year age
and S3.SO2,6 16 bushels III 1S9I-9S.
"RuSineSs failures for the week mum
Der -! as compared with 30 last week
III IN this week Il year ago. 1913 in 1895
and 4SS in 1897.
"BusincsS failures in the Dominion OF
Canada numher 2i for the week as com
pared with % last week. 2f in this wecl
a year ago, and 4S in 1893"