The news & observer., 1901-01-26
GENERAL TRADE IS GOOD
Best Reports Relatively Come From
South and Southwest.
HUGE Orders FoSp aoNATPTrsBUsG
Spccu dion Limited in Nearly All Lines Of Pro-
duce ard Stocks. Rumors Revived cf
a Great Deal in May Wheat
at Chicago.
CBy tho Associated press.t


New York Jan Is 3radstreets TO-
morrow VIII say:
Despite some Irregularities IN re-
ports from different sections and ln-
dustries. trode"aa whole IL Of eatis-
factory volume for This time Of the
year Relatively the best reports come
from the Pacific coast, the south ana
Southwest where spring demand Ia
opening up we'll Unsaaaonable ,veatho,
IN some sections, notably tho Irast has
been bar 10 activity IN retail trade
but taken aa "a whole the trade situation
has many points OF strength. speoinl
activity has been noted IN some
branches Of the iron trade. ana aentl.
ment on the whole has been hclped ~
q clearer view Of the possibilities con-
tanned Ia the recent ''war" talk. Tha
quieting down or business abroad nat-
urally points 10 some diminution OF ou,
export trade In the cruder forma ~
IRON, steel and copper and lumber. hut
Tor finished products Of these ana other
staples, The outlook Is declared 10 be
still satisfactory Speculation Is lime
tied ia nearly all lines OF produce nnd
In stocks Prices GLOW few imnortnnf
changes, the cereals being allghtly
higher, while hog producta ana coffee
are lower with dairy products weak
The general ,nngc or other values IA ON
the whole steady.
THE feature or the week IN iron has
been the placing Of large ordera-200 600
tons-of Bessemer pig at equivalent 10
Sl',25 at Pittsburg This has steadlcd
The market generally except for foundry
grades which are weak. Some heavy
buying ia also reported at Birminp
ham, but other markets show little ac-
tivity IN this line.
'fhe shipment this week OF 1000 tons
steel billets 10 Glasgow from Blrmlnr-
ham forms the largest shipment Of this
material ever sent abroad from the
South. Heavy quantities OF railroad
material TO replace that destroyed in
China may be placed IN this country.
Explanation of the fact that pig iron
prices are now just half what they were
year ago VIII be foand IN the Official
figures Of stocks OF iron on December
3ist, 1900. aggregating 1890 tons or
about seven times the quantity held
year before. Copper IL weak and frac-
tionally lower I'm sympathy with a break
IN prices abroad, but tin IL higher on
news of excited markets and higher
prices In London. a large export ship
ment OF zinc ore from Missouri III an
nounccd, tho quantity equally 10000
tons.
There ih apparently, less public
speculative interest in the grain mar
kets and Ions liquidation on the late de.
cline has hclpcd To partially offset the
later development Of smaller receipts
~ tho Southwest deere eases I'm the vis-
ible supply and the continued good ex-
port demand ruling Wheat s how
ever slightly higher. aud corn is
stronger IN gympathy Talk OF q com
ing big deal ~ May wheat at Chicago
has revived again
Wheat. 'pcluding -four shipments
Tor the Week aggregate 1888 G7S bushels
AGAINST 3,836,oa1 bushels last week, 3,bSl,.
~ bushels ~ the corresponding week
oi l9OO 4DHi,652 bushels IN 1899 and
3'O2GO24 bushels in lSaS. From July LIST,
TO date this seoson wneat exports were
ll2'2Ol ,D88 bushels against 1884. 00S
bushels last season and i44.232. .241
In lS98-90.
Torn exports for the week aggregate
5'9'2, l52 bushels against 5.1S4,55O buah-
last week 3,52GS31 bushels IN this week
year ago, 1895, 733 bushels IN 1899 and
4,962,5@9 bushels IN 1888. From July lst
TO date this season. corn exports are
ll2f6a l31 bushels against 12564G.003
bushels last season aud 95,Tl5,023 BUSH
els IN 1s9S-1S00
business failures IN the United
states FOR the week number 2Si against
29O last week 252 IN this week year
ago. In 1899. 2SS IN 1925 and 32G IN 1897. "