The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-30
BUSINESS REPORTS
MOSTLY CHEERFUL
The Dry Goods Trade is the
Only Exception.
OUTLOOK ENCOURAGING
Labor is More Tranquil in Soft Coal
Region.
STEADlNrsS IN IRON AND STEEL
OUTLOOK ENCOURAGING
srEADlNFss IN IRON AND STEEL
Efforts Are Being Mad, 10 Prevent Enormous
Cotton Acreage Meitlted BIT UL-
paralleIed Sales of Fertilzas
Already Made.
Already Made.
(By the Associated Press)

New York, March 29.-Dun's Weekly
Review of Trade tomorrow will say:
"The condition of general business is
in most respects satisfactory. The dry
goods trade, and particularly the cotton
division is gloomy, with further reduc-
tons in prices of staple goods tbs week,
and demand failing to increase with the
shading OF quotations; but from every
other department of business reports are
cheerful and the outlook for good spring
retail! turn over Is encouraging. There
is little difficulty over collections in any
direction and the mercantile demand for
money from numerous quarters is proof
Of the confidence felt among manufactur-
ers and jobbers. The labor situation is
more TRANQUIL Mining differences in the
soft coal region are settled and sober
anthracite miners.
Aside from the expected advance in
structural shapes there is comparative
steadiness in iron and steel. After more
or less advance every week for two
months it is gratifying to find that Besse-
mer pig remained seven days without al
teraticn. The tone is firm and producers
report all recent sales for early deliv-
light. others are reducing prices until
their competition is felt. There is no
dimunition in the foreign demand for
bridge material and other finished pro-
ducts. Consolidation of Valley furnaces
is practically assured and promises to
be a powerful force in the industry.
1T was not possible to maintain the
small recovery late last week in raw
cotton, and subsequent reaction estab-
lished a new low record for the crop year.
While the decline has been severe, mills
are not ready to purchase freely and for
eign buying for the month is far below
last years. Efforts will be made to pre-
vent the enormous acreage meditated,
but unparalleled sales of fertilizers have
already occurred.
Wheat did not respond to rumors of
damage, but found reason for strength in
Atlantic exports, including flour in four
weeks of 11.432,947 bushels, aginst 6,O78,-
7G3 in 1900.
Failures for ~ths week numbered 206
in the United States, against 203 last
year and 80 in Canada, against % last
year"
New York, March 29-For the week
ending Friday, March 10Th, 1901. Net re-
ceipts at all United States ports during
week, 10S, 633; net receipts at all United
States ports during same week last year,
80312 total receipts to this date, 1851,
IT'S; total receipts to same date last year,
1921 exports for the week, 152,898;
exports for same week last year, 122, 216;
total exports to this date, 4,910,675; total
exports to same date last year, 4,570,61
stock at all United States ports, 1888;
stock at all United States ports same
time last year, 75S937; stock at all in
terror towns, 574,7S1; stock at all interior
towns same time last year, 310,060; stock
at Liverpool, 100000; stock at Liverpool
same time last year, $4,000; stock OF
American afloat for Great Britain, 10000;
stock OF American afloat for Great Britain
same time last year, 1000.
TOTAL NET RECEIPTS.
New York, March 29.-The following
are the total net receipts of cotton at
all ports since September 1st, 1900:
Galveston, 1,765,S43 bales; New Orleans,