The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-04-12

New York, April 11.-Bradstreet's to-
morrow will say:
While cross currents in trade make it
difficult to characterize the general
trade situation the country over, ap-
poarances would indicate that the check
gi""n Gls'ributive trade by reactionary
weather, crop uncertainties and addi-
uonal friction in industrial circles is of
a transitory character. Bank clearings,
all things considered, are of large vol
ume, railroad earnings reports to Brad
streets point to continued increases over
the same period a year ago and especial
activity is noted in leading manufacture
ing lines, principally iron and steel, lum-
Ter, cotton goods, coal mining, machinery
making, and host of lesser industries.
Jobbing distribution at the central west
and at leading eastern centers notes a
further toning down, but in the spring
wheat sections reports are of undiminish-
ed activity. Southwestern trade reports
continue of a cheerful nature. At in
dustrial centers in the South iron, coal
and coke production is active, and while
the backward weather conditions are
credited with limiting demand in agri-
cultural sections the strength of cotton
prices leads to a more hopeful feeling
there, not entirely warranting the pre-
dictions of q reduced acreage in that
staple crop. Despite the lowering in the
general average of wheat as a result of
the. dry weather of last fall and the
early winter, indicated by the Govern
ment report, winter wheat crop pros
poets are still for crop in excess of
400 000, goo bushels, and about equal, in
fact. to the indicated final out turn last
year. large acreage is indicated in
oats, and that crop seems to be progress
ing we'll. AS to the corn crop, little
doubt exists that a large area will be
planted.
Cotton continued to lead the staples
in the matter of bullish feeling. Cotton
goods have strengthened in tone, partly
the result of the raw product and part
ly on the realization of the fact that
increased wages for $4,000 employees in
volve higher prices for the finished
product.
Among the industries, iron and steel
are still eXemplars of activity. Prices of
Bessemer pig iron have moved upward
this week on the announcement that very
large sales for delivery between Octo-
225.000 tons have been closed Foundry
and forge iron are also firmer
Cereal prices moved within narrow
limits early pending the publication OF
the Government report, some strength
being impaired by reports of better ex-
port demand and cold weather interfer-
ing with the growing crop, but this
strength disappeared later and the re-
port itself, though claimed to be a sur
prise, exercised little effect, the net
changes for the week being very slight
Hog products strengthened slightly on
the small run CT hogs and also on in
creased demands by packers.
Business failures number 1872, against
225 in this week last year.
I'm Canada 26 as against % in tnis
week a year ago."
COMPARATIVE COTTON STATEMENT.
New York. April 11.-For the week end
ing Friday, April II, 1902: Net receipts
at all United States ports during week,
rs 1911; net receipts at all United States
ports during same week last year, 91373;
total receipts to this date, 1904 887;
total receipts to same date last year.
6, SIS, 019; exports for the week, A., AL;
exports for same week last year, PHI;
total exports to this date, 5,692 230;
total exports to same date last year,
8, 163, $40; stock at all United States
ports, 654, S04; stock at all United States
ports same time last year, 9,41S;
stock at all interior towns, 1882;
stock at all interior towns same time
last year, 41,023; stock at Liverpool,
l, 122 900; stock at Liverpool same time
last year, $4,000; stock of American
afioat for Great Britain, 10000; stock of
American afioat for Great Britain same
time last year, $4,000.
TOTAL NET RECEIPTS.
New York, April 1.-THE following are
the total net receipts of cotton at all
PORTS since September 1st, 1901:
Galveston 1882, 592 bales; New Or
leans, 2,06S,317; Mobile. 149 ,406; Savan-
nah 1850, 1903; Charleston, 259,S74: Will
267 ,902; Norfolk, 425,204; Bal
timore, S0,965; New York, 49, 1892; Bos-
ton, 15,041; Newport News, 20,661; Phil
26,953; Vancouver, 1854; Bruins
wick, 112,S19; Fernandina, 1850; Pensa-
cola, 164,193 Port Arthur, 4S,476; Fort
Townsend, 1913, 1877; San Francisco. q 1855;
Ore, 922; Ell Paso, 1900; Eagle
Pass, 1,750; Laredo, $500; total, 7034,S87
bales.