The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-01-30
EFFECT OF HIGH PRICES
CAUSED HESITATION AMONG
THE BUYERS.
IRON AND STEEL PRICES YIELDING
The Cotton Manufacturer Meets but Moderate
Demand for Goods. Famine in India
Will Reduce Sales There. Cotton
Has Risen 10 Eight Cents.

New 4Ork. Jan. -O.-t. u. Dun N
Company's Weekly Review of Trade
will say tomorrow:
No news is not always good news.
New business for manufacturers this
year has been light in some branches and
much below the production last month.
1t is perhaps too often forgotten that
industries start this year with larger
contracts ahead than ever before, and
when half the work OF the whole yeai
has been ordered in advance there can
not continue quite the same ACTIVITY III
new buying. The wooden MANUFACTURED
ia.s Just opened a new season with the
largest transactions ever known IN a SIN
gle week. it is SAID. but in most other
lines contracts previously booked would
make similar activity impossible. Yet
here is seen enough OF hesitation caused
by advanced prices to make inactivity
I.HS Distribution to consumers
throughout he tu:n.N IL dn.
.St, especially Ill Qut.Itt4S Antlt L uu-
Teen feared retailers We're overbuylng,
% that there is strong confidence in
lie future.
1t could not be expected that bus
4tss Would adjust ItsvI- itnJut al,
Larla>>lAtn. to such a rise OF prices
has occurred. Ely Ill December
"ool rose too nigh lOr prices then up.
td.naLie I'll Nooieu goods. ana weeks o..
>!illness followed.
he boot and shoe manufacturer il
receiving small orders as jobbers pay
the lu1oes asked only for such limited
sJlI lies as are ntedtG tor sorting. but
der urgency to receive goods hereto
tore ordered is marked, and shipments
from Boston have been $50 1856 cases. In
four weeks, about four per cent more
than IN 1888 and 16 per cent more than
In 1890 with greater increase over every
other year. Leather is inactive and
slightly weaker in spite of heavy eN-
PORTS and hides are yielding at Chicago
with accumulation of stocks.
Iron and steel prices nave been yield
ing for several weeks. and are n shade
lower for products than at any other
time since the middle of September.
though Bessemer pig and billets are still
so scarce and firmly held thai only two
sales amounting to 5000 tons are any
where reported.
The cotton manufacturer meets but
moderate demand for goods. and extern
Ive famine in India is expected to re-
atte British sales in that country while
the addition o. H33s4 spindleS at the
south III 1899 reported by the Textile
~ GRID, would imply a heavier increase
shan has been supposed in consumD-
ION not by Northern mill. Soar,itv Of
as@5rr his curtailed the OUTPUT for
Ntehs past. and vet prices are hardly
htld. with distant contracts a shade low
er. Gotten has risen to eight cents al
though export during Tho monsh harn
"'a -s8.'ft fa!fS M .!er tn II lar
year. receipts from plantations having
diminished about as much. Middling up
lands are now sold at a higher price than
la, hecn quoted since September. 1897.
AID re taorc thein 1fnc higher than nj
tais time last year.
Wheat has advanced to 75Nc. with
carer reason for such a sharp advance.
weston receipts are small. in four
Wce}s only 109S4 92S bushels. against
l'.29c.2o1 last year, but the Atlantic
fNports have hem only 1887 "A bush
IS. flour included. against 17.O37. 1888
t#St year Pacific exports show a little
AN amounting to 3 .236 bushels for
fhe same four weeks. against 2,17524S
last r'#r. hnt his is Of no aid to Allan
tc mar" cts.
"t1Epa.tS Of corn show that American
f0"f. = wanted abroad. having heen in
foir VAel Is f-@. TO bushels. uga;ns-
t~-3dD.aa} last year \overth aleSs the
- orbona . ue'lil'u amour
- ulaion prices are anont
:" ~ 4 IT me rlosc last week.
~ y "'tN nave neen 2'l
ii - pI1'' |,a''S AGAINST - laSf
S'"i fH9 D 'b o"aafia "@@Hnst X last
800.
rrG~r,,.c ro,ro< or
'iA,i
Few Orleans. l.. Tan. &C Scc,ttsr--
IS EE~rrt - ..r, ~ ~
sHIg}E nc C5ttcn -etas,- decrease far -.
ret .nu2t e{ose5 81 q1..sH@. aoorr<f ;. i.
~reast> Of -. 500 last wear NJ tn..l