The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-02
MILL PRODUCTS FAIR
Curtailment by Southern Yarn Mills
Universal,
TIE GRAIN MARKET FIRMLY MAINTAINED
February Failures t,024 in Number and SILL
287,2ll il Amount Against Si,242
in Number and Sii, ,220,8il
in Amount January.
in Amount January.
lDy IN Assoc!alod Press.)

(By the Associated Press.)
New York, March In. G. Dun and
company's Review of Trade tomorrow
will say:
"Jobbing trade in groceries, hardware
and iron specialties mas further gained
in volume in the East since our last
report and retail business has been
good, except for slow movement OF
some descriptions of dry goods, nota-
bly, clothing, of which dealers fear they
must carry ever unusually large stocks.
In the West and Southwest, however,
the season has been satisfactory. The
greatest Industrial combination ever ar
ranged that providing for the union Of
the leading steel interests. has not di-
rectly affected business as yet and may
not do so, otherwise than by removing
some Of the unnecessary competition
from the industry.
Nominal quotations of iron and steel
are misleading. According to pub
lished lists it appears that while pig
iron has steadily Advanced for many
weeks little change has occurred in
finished products This discrepancy is
due to the figures fixed by the various
pools and associations, but at WHICH it
is impossible to secure prompt deliver
les. Actual business is done at extern
sive advances over these prices, billets.
selling at $21 at PitCsburg. or more
than dollar above the nominal rate.
while plates bars and structural shapes
are only available when special terms
are offered. Even on distant deliveries
mills are asking higher figures and eV-
cry line of steel production at Pttsburg
has already covered full contracts for
the next two months, while there is a
general feeling that material advance
will occur before May 1st. Bessemer
pig iron sold this week at $15.25 and
Grey Forge at $19 prices that have not
been equalled since early in August
Coke production is enormous, and Con-
nellsville prices at last show a definite
advance. Further increase appears in
sales of wool at the three chief eastern
markets, $500 500 pounds changing
hands for the week against S,52S500 in
the previous week. There is still no
reason to believe that the heavy buy
ing results from better conditions at
the mills as orders for goods do not
appreciably expand, except in a few
special lines. If manufacturers were
bidding for raw material largely, the
decline in prices would be checked, but
the average on March 1st was the lowest
since June. 1899. Shipments OF boots;
and shoes from Boston were S7,0se
cases, against S4,675 in the week pre-,
ceding, and 100S5G year ago. Most
visiting buyers have concluded samp-
ling and returned home. Shops have
ample work for some time to come. ana
prices are well maintained Large
stocks OF hides depress prices at Chica-
go, taking the average to the lowest
point since last October.
"Curtailment OF production by South
ern yarn mills has become general. and
at Fall River there is much discussion
aof the advisabiity OF reducing output
or lowering wages. Loss in domestic
consumption of raw cotton seems assur-
cd and buying is far from satisfactory.
The disposition of tlis staple is not
made firmer by news that sales OF fer
tilizers surrass all records in many
Southern States.
Grain markets are firmly maintained.
Domestic crop conditions are encour.
aging, and the best explanation of
strength is found in Atlantic exports
during February Of wheat. flour in
cluded, amounting TO 10.34S, ,204 bushels.
against 7,671 ,552 last year, ahd IL, 7SO 262
bushels ccrn against l2.724,645 in 1900.
Commercial failures i'm February
were l.024 in number and l1.2S7,21l i'm
amount compared with l,242 i'm January
with liabilities Of $l1.220.S1.
1T is worthy of note that nearly a
third Of the liabilities in manufacturine
failures were due to g single failure"
COMPARATIVE COTTON STATE
MENT
New York. March ] For the week
ending Friday: Net receipts at ali
United States ports during the week.
1882 net receipts at all United States
ports during same week last year. 1856
90l; total receipts to this date, 5.S49421.
total receipts TO same date last year.
54S3,52S; exports for the week. 1926 042.
exports for same week last year. e09.
POI, total exports 10 this date. 4.4Ol 475.
total exports 10 same date last year.
3999,4S4; stock at all United States
ports, ,23S; stock at all United States
ports same time last year, J47. .935; stock
at all interior towns GO 290; stock az
al interior towns same time last wear
4C4,SGl stock at Liverpool. 726, coo; stock
At Liverpool same time last year. 630.
600; stock Of American ahoat for Great
Britain. 10000: stock OF American
afioat for Great Britain same time las,
year, 100000.