The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-27
BANK CLEARINGS LARGE
Well Sustained Volume of Legitimate
Trade Shown.
THE CEREALS ARE UNUSUALLY ACTIVE
increased Business and Sharp Advances in
These Commodities Believed to be Due
TO Clever Manipulation by a Single
Western Spectator.
CBy the Associated Press

New Yo,k, April 26.-R. G. Dun and
Company's weekly Review OF Trade to-
morrow will say:
Business continues very brisk for the
season in the face OF some drawbacks
which at times might cause marked hes
itatton. Chief Of these is the floods i'm
many directions which have interfereH
with railroad operations and interrupted
the distribution of merchandise. and the
weather all over the East has been ad-
verse to an increase Of rail trade. Bank
clearings however, show that while spec
ulation has been heavy there must have
been well sustained volume OF legiti-
mate business, for the gains are 141
per cent over 1900 and 1873 Per cent over
1899, outside New York and 1890 per cent
over 1900 and $40 per cent over 1899. al
this city Railroad earnings make SINH
larly encouraging gains.
Much unfavorable comment has an
peared regarding the advance in steel
rails to $2S Yet the change is only in
keeping with recent increases in pricea
OF pig iron and billets. Nominal quota
tions for many products OF iron and steel
nave long been disregarded in contracts
calling for early delivery, and list prices
are generally moving up a representative
level On new business or export orders
1t is not unreasonable to make prices
for rails on a parity with other products
of this industry.
After a prolonged period of waiting
for definite crop news the cereal mar
kets suddenly awoke to unusual activity
Much OF the increased trading and sharp
advance in prices are said to be due to
a fi0r, ~
speculator, who compelled the short con
tngent to cover May corn contracts at
the highest prices of the season Cotton
responds slowly to indications of damage
on plantations, for the old crop comes
INTO sight freely, and heavy losses in
British exports Of goods and yarns do not
promise a vigorous foreign demand for
raw material
Failures for the week numbered Oh
in the United States, against 204 last
year and rs in Canada, against % last
year"
COMPARATIVE COTTON STATEMENT.
New York, April 26-For the week end
ing Friday, April %. Net receipts at all
United States ports during week. IL.
$50 bales; net receipts at all United
States ports the same week last wear
1888; total receipts to this date. ,70g.-
Sl4; total receipts to same date last year.
6,160,757 exports for the week, II O67;
exports for the same week last year So
S94; total exports to this date, 5,340, 500;
total exports to the same date last year.
5,074,S27 stock at all United States ports.
67l, O54; stock at all United States ports
same time last year, 452, 377; stock at all
interior towns. s8,007; stock at all in
terror towns same time last year. 224, 25S;
stock at Liverpool, 10000; stock at
Liverpool same time last year 6470 600;
stock Of American aoat for Great Britain
100, 900; stock of American aoat for Great
Britain same time last year 10000 bales.
TOTAL NET RECEIPTS.
New York. April 26.--The following are
the total net receipts Of cotton at all
United States ports since September list,
1900:
Galveston, IS 1871 bales; New Orleans,
2.205, 1906 Mobile, 125, $50; Savannah. 994-
O69; Charleston, 214,O02; Wilmington,
25515S; Norfolk, 36S,31S; Baltimore, So
0SO; New York, 154 1928 Boston, lS6,124;
Newport News, 1919; Philadelphia, 81,
S17; Brunswick 1861; Port Arthur 20
654; Pensacola, 1886 Total, 67O9,S14
bales.