The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-11-10
OUTLOOK IN IRON
IS ENCOURAGING
A Better Demand Has Caused
Small Advances.
SUGAR is NOW LOWER
Spot Cotton Has Not Advanced as
Spot Cotton Has Not Advanced as
Was Expected.
A io,5oo,o 600 BALE CROP LOOKED FOR
Russian Ports Send Dat Wheat freely, and in
Argentina the 0lIook For the Crop is
Less Discoursging. Lille Doing
in Textile industries.
in Textile industries.
(By the Associated Press.)

New York, Nov. 9.-R. G. Dun and Com
pany's weekly Review of Trade tomorrow
will say:
Iron markets are in an encouraging
condition. No violent speculation is
threatened, but in numerous instances
better demand has caused small advances
The most notable change thus far is in
pig iron, which is eagerly sought at all
markets, large contracts being placed 25
to so cents ton above the bottom point
recently quoted.
Spot cotton has not advanced as ex-
pected on the approach of frost. Actual
damage has not come and belief in a
current yield of 10, 500, 900 bales is stron-
ger. British exports of yarns and cloth
in October showed loss, making the
total for the year very heavy. Russian
ports send out wheat freely, and even
in Argentina the outlook for the crop is
less dscouraging, although the quality
in some districts will be inferior. Specu-
lative selling here for foreign account
meets every advance, and exports are
behind last years. Western receipts are
fairly large, but the movement of corn
into sight and out of the country is ex-
tremely light. A heavy cut in the price
of refined sugar by all the large interests
brings standard granulated to $50.
"Tardy winter weather is making havoc
with textile Industries, and almost coun-
teracts the election.
Failures for the week were POI in the
United States, against 157 last year and
IS in Canada, against % last year
HEsTER'S COTTON STATEMENT.
New Orleans. La, Nov. 9.-Secretary
Testers statement of the worlds visible
supply of cotton shows the total visible
as 2,96O,54S bales. against 1901, O49 bales
last year. OF this the total of American
cotton is 2,47S,54S bales, against 1924, O49
bales last year, and of all other kinds, in
GLIDING Egypt, Brazil, India, ETC., 4S2, 900
bales, against 517, 900 bales last year.
The total worlds visible supply OF cot
ton shows a decrease compared with last
year of S4O.5O1 bales.
Of the worlds visible supply there is
now afoat and held in Great Britain and
continental Europe 1,529,O0O bales, against
1,S70,0O0 bales last year in Egypt 100000
bales, against 900 bales last year; in
India 172, 600 bales, against 100000 bales
last year, and in the United States 1154,
600 bales, against 1903 900 bales last
year.
Secretary Hester's weekly New Orleans
Cotton Exchange statement shows an in
crease in the movement into sight COM
pared with the seven days ending this
date last year in round figures of $4,000
bales. For the nine days of November
the totals show an increase over last
year of $4,000 bales. For the seventy days
of the season that have elarsed the ag-
gregate is ahead of the seventy days OF
last year 240, 900 bales.
The amount brought into sight during
the past week has been 1874 bales,
against 1884, 165 bales for the seven days
ending November 9th last year. These
make the total movement for the seven
ty days from September 1st, to date g.
$50, 734 bales, against 1886, 900 bales last
year.
The movement since September 1st,
shows receipts at all United States ports
2,518, 599 bales, against 2,219,015 bales last
year; overland across the Mississippi,
Ohio and Potomac Rivers to Northern
mills and Canada 28O, 1873 bales, against
3S1 ,015 bales last year; interior stocks in
excess of those held at the close of the
commercial year 473,662 bales, against
42O, 1872 bales last year; Southern mill
takings 314, $40 bales, against 326,4SS bales
last year; 2S4, 4S8 bales year before last.
Foreign exports for the week have been
27S,O21 bales, against 1922 $50 bales last
year.
Northern mill takings and Canada du-
ring the past seven days show decrease
of 1856 bales as compared with the cor
responding period last year. The total
takings of American mills, North and
South and Canada thus far. for the sea-
son have been 76S, 049 bales, against $780,
947 bales last year.
Stocks at the Seaboard and the 20 lead
ing Southern interior centers have in
,n,