The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-03-10
VOLUME OF TRADE
GROWS SMALLER
Wages of $4,000 Men Aft
fected by Strikes.
THIS IN CHICAGO ALONE
SOME REACTION IN COTTON is
DEPRESSING.
THE OUTPUT OF IRON HAS BECOME LESS
Decline in Wool Prices at London. Great FALL
ing of in Orders For Shoes. Weeks
Failures EOS Against 1872 Same
Week Last Year.

New York, March Or. G. Dun and Cob
panys Weekly Review of Trade tomorrow will
say:
\ certain hesitation in business with shrink
age IN It's volume is not unusual nor unnatural
&c TINS season. 1t is not necessarily dishearten-
my, therefore, If business is longer so large
IN, volume as ever, but falls behind that of
feDIuary or January, of the corresponding
week last year. Strikes i'll building trades
OF machlnlstS and others at Chicago affect many
Industries and the wages of fifty thousand hands.
Inc remarkable rise in cotton has apparently
met the expected reaction which tends for the
tiHle TO depreSS business. A few great corpora
lions are striving to hold prices without regard
TO present demand, hoping that the needs of con-
Sumers may prevent reaction and renew the
rise OF last year. Wide differences of opinion
exist fegarding the effects of monetary action
by Congress.
some pause after year OF unprecedented buy
ing. That such trade could not continue with
out pause was evident, and there is now not
the excessive speculation which threatened none
tdry trouble year ago.
The output of iron furnaces Marst LIST was
2He643 tons weekly against DOS, Ola tons Feb
tons In February making 4G,321 tons, daily,
against Al ,642 tons in January.
much business is evidently deferred just now
heoatse of doubt regarding future prices. Coke
Is lard to get at $3.50 for furnace.
Cotton sold on Monday at 9-sl cents, the high
est point since January 10th, 1898 when the
bales. \ sharp reaction Wednesday and
the prices dropped three sixteenths that day
and closed one quarter below the highest point.
While the demand for immediate use has held
goods strong, there has been for time
small desire to make contracts ahead.
Estimates of wheat in farmers hands March
LIST, l64, 0D0,C00 bushels according to the Ameri-
can Agricultural, do not indicate a lack of sup
ply this year, for with 54000,000. bushels in ysi-
bile stocks there is in sight nearly much
Year ago when foreign demands We're eXtraordna
ended ~.
coo bushels in visible supply. This year exports
in seven months, flour included have been III =
22l, $50 bushels against 9,9l6,407 bushels last
year and in February enough to make about 1875.
G00,000 bushels against 16S 600, eco bushels last
Sear with no indications of a future foreign de
tnand approaching that OF last year from March
list to July LIST. Returns to conditions of
winter wheat are also satisfactory. But OF late
prices have been very low, and have advanced
this week nearly three cents for spot and one
cent for May options.
London wool sales, so long awaited by spec
ulators here to lift up prices again opened with
severe decline of ~ to 10 per cent, causing
much disappointment that much selling is like
ly, especially as manufacturers who have held
out of the market for some months have still
too large stocks of wool and too uncertain mar
ket for goods to be IN haste. Prices had pre-,
viousy declined a little here, but with small
transactions. The business in goods, though les
active than has been expected, is at fairly steady
prices as yet.
in boots and shoes no change appears il
quotations, though not eighth of the usual
ter for mems wOmens heavy shoes, while
the demand for light shoes has been the smallest
in five years Shipments on former orders have
been less than in 1898 but larger than in the
corresponding week of any other year.
Failures last week were in amount So, 4S2, s27
manufacturing $1,lls,651 and trading 81 l6l '2ll
States, against lS2 last year and 90 in Canada,
against 81 last year.
TESTERS COTTON STATEMENT.
New Orleans March 9-Secretary Hester's
weekly New Orleans Cotton Exchange state
ment shows an increase in the movement into
sight compared with the seven days ending this
date last year Of l4OC0, decrease under the
same time year before last of $4,000.
The amount brought into sight during the
past week has been 155,553 bales, against, 141
756 for the seven days ending this date last
year, and for the nine days of March it ha:
been 189,472 bales, against l66,49l bales last
year. The total movement for the 1870 days
from September LIST to date is 7,SS2 400 bales
against 9,614, 033 bales last year and 9,Sl4, IA
bales year before last.
The movement since September LIST shows re
receipts at all United States ports 023 bale
bales against SO, 1856 bales last year. making tn
the Mississippi, Ohio and Potomac Rivers Il
Northern mills and Canada 106l, 10 bales, agans
1,104, 134 bales last year; interior stocks III eX
cess of those held at the close of The commercial
year 1926 bales, against 349, l6S bales last yea
and Southern mill takings We're o96,542, agains
s20,542 bales last year.
Foreign exports for the week have been 146,6
total thus far for the season 4,239,395 bales
against 1914, 534 bales last year.
The total takngs of American mills, NOrtl
and South and Canada thus far for the season
have been 29G9,6IS bales, against 2,6ol,5I bale
last year.
Stocks at the seaboard and the % leading
Southern interior centers have decreased durinl
the week 78,0l6 bales, against a decrease during
the corresponding period last season OF 1867
bales.
Including stocks left over at ports and interior
from he number
bales brought into sight thus far for the new
crop, the supply to date is S,50, 1888 bales, against
9.SS1, 500 bales for the same period last year
Secretary Hester's statement of the world
visible supply of cotton shows a decrease for the
week just closed of $500 bales, against de
crease of 81 els bales last year
The total visible supply is 1874, 0S9 bales
against 3,941, 059 bales, last week and 1886, 50
bales last year. OF this the total of American
cotton is g. ,0S9 bales against 3, 1917, $50 bale
last week. and 4,23l,5 03 bales last year; of all
other kinds, including Egypt, Brazil India, etc.,
ISL geo bales, against 744,oo0 bales last week
and /, 135 coo bales last year.
OF the worlds visible supply there is now
afioat and held in Great Britain and Continental
Europe 1,995,000 bales, against 1885, 900 bales
last year. and in the United States 1853, O0t
bales, against 1,2i6,000 bales last year
COMPARATIVE COTTON STATEMENT.
New York, March 9-For the week ending
Friday:
week, 155, 66l; net receipts ut all United States
ports during same week last year. SS,229; total
receipts to this date 5,63l 046 total receipts to
same date last year, 7,2o0,199: exports for the
week. 147 ,37I; exports for week last year,
1868; total exports TO this date 1906; to-
tai exports to date last year, 5.915, 40s:
stock at all United States port. 9lS, $50: stock
ut all United States ports same time last year,
74S.529; stock at all interior towns al2,776;
stock at all interior towns same time last year
1926; stock at Liverpool, 6l5,0lG: stock at
Liverpool time last year, 1872 coo; stock
of American afoat for Great Britain 252 COG:
stock OF American afoat for Great Britain same
time last year, 1890
TOTAL NET RECEIPTS.
New York March 9.-The following are the
total net receipts OF cotton at all ports since
September 1st 1899:
galveston, LISP, CO..; New Orleans, 1850 $780,
Mobile, $1,000; Savannah. 962, 02G; Charleston
236, $50; Wilmington, 259,537; Norfolk, 344 100;
Baltimore. 7i,277 New York, 1888; Boston, 20
9SS; Newport News, 1885; Philadelphia. So s2l !;
Brunswick. 7j,16S Port Arthur and Sabine Pass,
SO, 100; PENSACOLA, 1G4,SS0 Total 1851, 0i6 bales.
TOLL BANK CLEARINGS.
New York March S-The total bank clear