The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-12-14
IRON AND STEEL BUOYANT
The High Water Mark Reached in
Prices of Grain.
VALUES HAVE. NOW BEGUN TO RECEDE
Cotton Alone of The Great Agricultural Staples
Has Strengthened This Week on a Con-
tinuarce Of BuIIishness Following
the Government Report
the Government Report.
(By the Associated Press.)

New York, Dec 13.-Bradstreet's to-
morrow will say:
Holiday trade is in full swing at all
markets, while jobbing distribution nat
urally shows a quieting down prepara-
tory to stock taking. Nearly all advances
touching these latter branches of business
are encouraging, and the years results
so far as ascertained, are on the whole
very favorable. Among the industries iron
and steel are easily first in strength of
demand and prices and the word buoyantN
about accurately describes the situation
as regards the feeling in the trade gem
orally. Probably never before was sd
much business booked in advance as there
is at present in pig iron, rails and fin-
ished products. Southern iron deliveries
in November were the heaviest on record T
and higher prices for this and for bitumi1
nous coal are predicted.
1.-The crest of the recent rise in cereals|
was for the present reached on Satur-
day last for coarse grains and on MondayV'
December for wheat and provisions.V
The proportion as of the recent rise in
duced enormous realizing, which for a
time was Offset by heavy new buying, but
ultimately the size of the grain movement
and increases in visible supplies added
to the breaking of the drought in the
Southwest, and the tightneSs OF money
left the bears masters of the field. The
steady rise in wheat and corn prices
shown since the early part Of November
had resulted in a gain of about Is cents
each in wheat and corn from which the
fall this week is only about cents.
Cotton alone of the great agricul-
tural staples has strengthened this week
on a continuance of the bullishness
brought out by the low government esti-
mate and in spite of crop movement,
some of which is classed as holiday
cotton in excess of last year. Exports
have reached and passed last seasons
record.
"Staple cottons are on the whole flrmer,
and sellers are not as anxious as q while
ago.
Business failures in the United States
for the week number 1913 as against 247
in this week last year. Canadian failures
for the week number %.
COMPARATIVE COTTON STATEMENT.
New York, Dec. 1S.--For the week end
ing December 13: Net receipts at all u.
ted States ports during week, 301,S70; net
ing the same week last year, ,SS4;
total receipts to this date since Septem-
ber /, 1891, ,635; total receipts to this
date same date last year, 1861 SO7; ex-
ports for the week, PIT ,925; exports for
same week last year, 175,442; total ex-
ports to this date since September lst,
2,941, ,6S5; total exports to same date last
year, 2,7S2, ,95S; stock at all United States
ports, S84 ,437; stock at all United States
ports same time last year, 904 ,464; stock
at all interior towns, 665, S66; stock at all
interior towns same time last year, 49,
1856; stock at Liverpool, $4,000 stock at
Liverpool same time last year, 5OS,OOO;
stock of American afloat for Great Brit
ain, 373 900; stock of American aiioat Tor
Great Britain same time last year, 324,-
900.
TOTAL NET RECEIPTS.
New York, Dec. 13.-The following are
the total net receipts of cotton at all
ports since September 1st 1901:
Galveston, 1852, S22 bales; New Orleans,
| /, ,1O9, 900; Mobile, 1O4,O46; Savannah,
sos. .OS4; Charleston, 163, $50; Wilmington,
190, ,S37; Norfolk, 247,161; Baltimore, 40
O97; New York 72,737; Boston, 42i47;
Newport News 1886; Philadelphia, H.,
564; Ferandina, 2,OOO Brunswick, 66576;
Port Arthur, 14,1SO; Pensacola. 7o,206.
Total, 1891 ,635 bales.
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