The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-01-12
IRON AND STEEL LEADING
Then Follow Lumber, Leather and
the Drug Trade.
WIOEspREAB CONFIDENCE IS SHOWN
Cotton Has Weakened on Bull Liquidation Due
TO Much Larger Receipts. Wool is in
Rather Better Demand Just
at Present.
(By the Associated Press.)


New York Jan. 11.-Bradstreet's to-
morrow viii say:
Business is still of between sea
sons character in most lines, but liv-
ening up of interest in several trades
has been noted this week. Relatively
best reports come from the iron and
steel, lumber, leather and drug trades,
but there has been some enlargement
of wholesale distributive trade on
spring account i'm the South and Cen
ral West. Spring trade i'm dry goods
tfade is just opening up and it is noted
that a heavy spring movement on or
derS is now proceeding at the West.
Some gain i'm wool sales is noted at
Eastern markets. but weather condi-
tions have not been favorable at the
East to business as a whole, except as
stimulating the retail trade i'm shoes
and rubber goods. A special feature
is the generally good tenor OF reports
as to collections from all Western and
Southern points, from which ii is in
ferred, that trade returns TO retailers
must have been quite good. Summed
up briefly. The situation is one of vide
spread confidence in the general busi-
ness outlook.
Cereals have given further eXhibi-
ton of life this week partly on light
Northwest receipts and advices that
Argentine shipments will not exceed
30, ,000, 900 bushels, or about half those
of year ago, but also largely on the
unquestionaoly heavier volume of Wall
Street money seeking an outlet in the
grain market Fluctuations have been
wider, and it has been esseptially a
traders ms srkrt with net changes for
the week small. Corn is slightly high
er in sympathy with wheat and small
receipts of contract.
Inquiry rather than active demand
is a leading feature in iron and steel,
but quite al increase of activity is not
ed in BessemeI pig iron and bllets at
Pittsburg and in plates at Chicago No
change in billets or plates has been
agreed on as yet. Iron production is
increasing, but has not yet overtaken
consumption and stocks are reported
smaller than a month ago. There are
only two idle furnaces in the Chicago
district.
Cotton has weakened on discourag-
ed bull liquidation, due to larger re-
ceipts, while cotton goods have been
quiet on the advances of a backward
spring trade at the East Wool has
been in rather better demand than of
late, due to better buying by manufac-
turers. fair business has been book
ed in overcoating on next fall account
at lower prices. but the regular heavy
weight season has not yet opened.
Plain dress goods are being ordered
quite freely, but fancies are neglected.
Jobbing business in shoes is quiet. but
is quite good at retail Travellers are
now going out with fall styles of shoes
which are slightly lower than last
year.
Wheat, including flour, shipments
for the weeE aggregate 5,961 ,095 bush
els against 3,914,3 ,301 bushels last week,
424S,926 bushels in corresponding week
of 1900; 5,6l701 in 1899; 5299,517 bush
els in 1898 and 3,94S,154 in 1897 From
July 1st TO date this season wheat ex-
ports are 1G4,206.048 bushels against no.
1852 ,801 bushels alst season and 134, ,O36 .04S
in 1S9S-99.
Corn exports for the week aggre-
gate 4S97,3 ,345 bushels against 4,57O,52
bushels last week. S314,576 bales in this
week year ago 2.9S0,099 in 1899, 4.G4I.-
$50 in 1898 nnd 3,577,2S1 in 1897.
From July 1st TO date this season
corn exports are 1OS ,O35 bushels
against 11S,920,757 bushels last season
and S9,091 $40 bushels in 1S9899
Business failures in the United
States for the week number 322 against
26S last week; 295 in 1900; 305 in 1899;
323 in 1898 and 47S in 1897.
Canadian failures for the week num-
ber &c against 81 last week, rs in this
week a year ago; "a in 1899, IS in 1898
and SO in 1897.
COMPARATIVE COTTON STATEMENT. |
New York, Jan. 11.-For the week end |
ing Friday, January 11th: Net receipts |
at all United States ports during week, |
171,S74; net receipts at all United States |
ports during same week last year. IA, |
392 total receipts to this date, 1903, 713; !
total receipts 10 same date last year, A. |
196. .119; exports for the week, 254, 707; |
exports for the same week last year, |
1f0 S73; total exports to this date, 3,531,- |
666; total exports TO same date last year, |
2, 94S .264 stock at ali United States ports, |
sf6 1O1 stock at all United States ports |
same time last year, 997 ,309; stock at all !
interior towns. 776,32O; stock at all in
terror towns same time last year, 763, |
SIS; stock at Liverpool, 100000: stock at |
Liverpool same time last year, 100000; !