The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1901-01-08
IRON AND STEEL STEADY
Eli Finished Prod hcts in the Metals
Eagerly Sought
MARK T FOR TfXfILES FEATURELESS
The Retail Trade is Brisk in Bots and Shoes
Wool Has Declined. A Decline in
Mheat is Noted
(By the Associated Press

(Dy the Associated PreSs)
New York. ina. 4.-R. -. DUN and COM
pany's Weekly Review of Tide toner
row will say:
In spite Of the Interruptions of the
holiday. and of the unusually haaNN an
nual settlements in ali lines of hlsi~
ness. the New Yo2r opens, with indica-
lions Of further progress. There rs 10 lack
Of contracts offered i: Steady prices IN
the country's leading Industry; and il
some departm Of cotton goods there
is a better movement. though! srcclla-
1icn has depressed the l1i>e of raw lna-
It rial o. herWiSe, 4 decline III Whe at ~
the only noteworthy u:ovGment III Staples.
Ii is explained by a reduction IN the iio"r
OUTPUT at Minneapolis, some mills shutting
GcWn, while the foreign demand at At
lantic SeabOard cities is not brisk. The
ordinary measures of business continue
to make gratifying exhibits. No altCrG-
tion has yet occurred in quotations of
iron and steel products and this industry
is on such q firm foundation that most
large concerns have main aimed wages at
The old scale instead OF making the re-
tluctions anticipated. Iron ore prices are
also unchanged, and no action is nov eX-
pected until March. although 4 lower rate
VAS looked for early in January. Coke
is firmly held AT Cohnellsville, and there
are fewer ilIe ovens. while tne much
discussed fail in prices appears confined
to inferior quality at outside furnaces.
Pig iron sells freely for delivery up to
April. and there is no indication of weak
ness. All finished products are 2rly
sought. many large contracts having been
placed for structural ma terial. and others
are under consideration. An American
company is the lowest bidder for the
large bridge at sydney harbor, Australia.
The purchase of seven hundred acres near
Fi.tsburg by leading steel company in
dictates great enlargement OF its plant
Aside from one reduction of wages al
blast furnaces in the MahOning and
Sheninc Vail, vs. the weeks news is most
cnr0uru ging in this the greatest OF Tie
American industries.
The market for textiles has bcen feat
ur@les&, but holiday and stock trading
reduced business 20 limited dimensions.
; Wool has again declined. making the
average of 100 quotations 1925 cents.
according to Coates Brothers Circular
| Sales at the three chief Eastern mar
| kcts amounted to only 3,121 900 pounds
| fer the week and there is much uneasi-
! ness over the statements Of largest
stocks at the end Of the year, while
! recent failures have not tended TO i'm
i Prov" the tone. Cotton gods have not
! tre sane difficulties to contend with, but
! Al abnOrmally high price for raw ma
| tFral acts as d check on this industry.
| The retail trade is brisk in boots and
! shoes. and many manufacturers arc be
, hind with orders. yet uneven dIStribu
ti;,n of husinss has left some shops ready
| to make cCssiCns. Shipments from
! Boston. for the Woen were S2,443 cases,
=. CSol1
! is purchased freely but less activity III
, upper TENDS 10 weaken prices. Exports
| Of sole from this city were heavier in
| December tGan in any previous month
! last year. but the total for 1900 fell
30G936 sides below 1899. For the first
! time i'll many weeks there was some re-
| GOVERN : Chicago
| {IESTER'S COTTON STATEMENT.
(By ihe Associated Pre5G
New Orleans, Jan. 4.-Secretary Hes
! ter's Weekly New Orleans Cotton En-
| change statement issued today shows an
| increase in the movement of cotton in
sight compared with the seven days end
! ing this date last year of %, 900 bales, a
| decrease under the same days year be
| fore last of 900 bales.
| For the four days of January tie totals
! show decreas1 under last year OF 81 coo
| bales, and for the 1875 days of the season
that have elapsed the aggregate is ahead
| of the 1875 days Of last year So, 600 bales
ard behind the same days year before las;
of 1,19S,OOO bales.
The amount brought into sight during
! the past week has been 270,775 bales
against 237, 401 bales for the seven days
ending this date last year, and 39S, S95
/ bales year before last.
| The total movement for The 1875 dav!
| Of the season from September 1st to date
| is 6,719,236 bales, against 6,O5o, 500 bales
! last year, and 7,197,071 bales year before
last
The movement since September list
shows receipts at all United States port:
1851 ,0SS bales. against 4,0S2,376 bales las
| year, and 6.006.053 bales year before last
| overland, across the Mississippi, Ohio ant
| Potomac Rivers to Northern mills anC
! Canada 1870 bales, against 1874 ,967 bale:
and sos, 400 bales: interior stocks in eX
cess Of those held at the close of thu
commercial year 714.494 bales, agains
225,9o7 bales and 561 $50 bales Southern
mill takings 6O4 6O4 bales, against GIG, 80
bales and $40 ,903 bales year before last.
Foreign exports for the week have beer
| 1886 bales, against 1861 $50 bales las
/ year. making the total thus far for tn
| season 3,29S,611 bales, against 2,G3I, IS
last year.
The total takings of American mills
| North and South and Canada thus "a
. fer the season, have been ,7S6,113 bales
against 2,122,2S1 bales last year Thes
, include 1,167,374 bales by Northern spin
ners, against l ,496, 49, bales.
| Stocks at he seaboard and the twenty
nine leading Southern interior centre
I 9 decreased 20 col. q
. bales. against a decrease during the cor
responding period last season of o. "A
bales and are now $1,000 bales smalle
than at this date in 1900.