The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-01-03
TALMAGE's SONS RICE REPORT

New York, Jan. 2.-Rarely is the trade
at this time, with its anticipatoTy throes
of stock taking, disposed TO add a penny
weight thereto, and yet the weeks bust
ness-embracing all kinds and grades
distanced the previous one likewise was
lar IN excess of the corresponding period
last year Transactions Oil local account
we're limited, as buyers are able to obtain
instant supply; on the other hand, out
town merchants forecasting wants, or
dered from every quarter throughout the
territory tributary hereto. The liberal
amount taken by nearly all purchasers in
dicates a high degree of confidence or
great expectations as to immediate de-
mand, or possibly due in a measure, TO
both.
The decision of the Supreme Court on
1.-THE Constitutional status of the Colo
MES" is awaited with lively interest, as
it may mean enlargement of business in
present directions and the opening up of
new fields for the domestic product. This
will follow if Porto Rico and the Philip
pines are to be declared national terri
tories, for present discriminating duties
will be abrogated and trading limits
thereby so advanced as that the United
States will monopolize the demand of the
first named and be able to successfully
compete with East India rice in the lat
ter.
Advices from the South note only fair
business for immediate delivery but a
considerable booking by dealers for ship
ment during the coming week. Along
the Atlantic Coast nearly all stock is
hung up or held at prohibitive prices and
no prospect of any liberal offerings for
the next week or ten days. Operators
have scant supply, and as factors are
quick to take advantage of any given SIT
uation, stiff prices are likely to mann
tain. in the southwest there is STEADY
movement, with prices firm and con-
fdent looking forward to early improve
ment With marked hardening in Japan
bringing prices therein up to nominal
parity with Honduras, the latter now
shares about equally in the commercial
honors
Cables and correspondence from abroad
note good enquiry at full recent quota
lions The situation from now until say
April--when new Java (Rangoon) comes
forwards in favor of a high range OF
values. Even if the Burmah crop should
be full. It will enter English and Conti-
mental markets on bare floors; ware
houses swept clean before new crop ar
rives. a wide difference from normal
stock of a million bags & cwt ea) Rum
Gus competition among the Continental
milIers promises to end in cooperation;
syndicate will regulate their purchases
of raw materials and sales of the cleaned
product, both home and abroad. 1t VIII
represent over two-thirds of the European
rice busincss an important factor, If
not controlling influence in the markets
of the world.
Talmage, New Orleans. telegraphs
i ouisians crop movement to date: Re-
ceipts. rough 1862 42 sacks; last year
1855. 455 sacks Sales, cleaned (est) 10
400 barrels: last year, 1S2,375 barrels.
Market strong. Talmage, Charleston,
telegraphs Carolina crop movement to
date: Receipts 80 ,2O4 barrels. Sales, 81
1872 barrels. Good enquiry; market Hrm
outlook favoring full If not higher prices
L 4 III.