The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-01-16
HESITATION IN
BUSINESS NOTED
Said to be Usual at This Time
of Year.
MONEY Is NOV EASIER
THERE Is y CONTINUING RISE
IN WAGES.
MONEY Is NOV EASIER
IRON PRODUCTION EXCEEDS DEMANDS
Textile Manufactures More Fully Employed
Tha Fer Some Tim. Trading Embar-
rassed by Uncertainty Ab,ut
the Prices.

New York. Jan. pr. G.. Dun &
~Company's Weekly Review OF Trade
will say in tomorrow's issue:
The business Of the new year be
gins well, though there is still much of
the usual hesitation In branches where
last years business was extraordinary
and prices have risen greatly, some
PAUSE is natural. though nothing indi-
Gates decrease Of consuming disposition
or purchasing power, but there is con
crease. Monetary conditions have
GROWN easier with the return of $1,000
GOO from the interior during the week
and further deposits by the Treasury and
more liquidation IN some speculative
stocks has also helped. Banks reporr
an increase IN their percent Of CONNER
cial loans and rates We're generally
more easy after the decline announced
by European banks.
The furnaces in blast January 1St
were producing weekly 294.1S tons OF
pig iron against 29G.959 December 1st.
but as several had stopped only for the
holidays and others hard started. the
output now is probably larger than n,
either date. 1t exceeds consumption at
last, as the Iron Age shows an increase
OF 1886 tons in unsold stocks. but the
manufacture apparently c0nSIncs dur
ing the year 1881 ,626 tons, less small
net exports in December. The Increase
since 1897 is about 1926 600 tons OF
46.5 per cent. Price changes scarcely
anything, nor was business significant.
Textile manufacture are more fully
employed than for 4 long time. though
scarcity CT water has troubled some
cotton mills. Trading is embarrassed
by uncertainty about prices. Wool is
not active, o are spectators, or man
ufactUrers in haste to buy at currenr
prices, though the market shows some
advances for the hex season, with eX-
cellent trade thus far. The effect upon
the seasons sales cannot yet be judged.
Cotton goods have been quiet and no
longer advance in prices, as the market
for the material is uncertain in tone.
The boot and shoe manufacture has
a similar difficulty, for while shipments
are heavier than ever before at this
season, IL two weeks 119,37G cases
against 1lS.114 last year and 17,751
i'll 1888. as the rapid distribution 10
consumers causes some urgent calls for
goods previously ordered. yet dealers
are slow to order more III the fear that
prices viii not hold. Manufacturers IN
sist that still further advances are need
ed to cover the cost Of leather. The
sugar market IS weaker with 4 lower
average than at any time since Noyen-
Der list.
1.-THE minor metals are strong in tone.
experts had decrease! 1,T25.0 bales
and European stocks were far below
last year. For the present foreigners
are using Up old stocks instead of buy
ing more. and the price hesitatcs.
Wheat has been slow to move. also
Atlantic exports ii two weeks havins
been only 4.31G,514 bushels. -four in
Guided, against 9.452.10G last year and
Pacific 1.312.99]. against 1,524.05l
| ssEolS last year. The prices close a
fraction higher.
Corn experts have also fallen below
last years, though the exports in two
weeks nave been 1881, 9SS bushels
against 7,193.913 last year and prices
have advanced about half a cont.
"TaiIures for the week Nave been 274
in the United States against SIS last
year and - III Canada against - last
year