The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-01-11
COTTON MILLS ACTIVE
Buying of Staple Commodities on a
Large Scale.
URGENT DEMANDS FOR IRON AND STEEL
Reports Of UnfayorabIe Weather in Winter Wheat
Regions Stimulate Prices Of That
Cereal and Corn is Strong
SympatheticalIy.
CBy the Associatod Press.)

(By the Associated Press)
New York, Jan 1O.-R G. Dun & Com
pany's weekly review of trade tomorrow
win say:
With the unprecedented holiday busi-
ness ended, transporting facilities are
more nearly adequate for regular re-
quirements Merchandise moves to con-
sumers more promptly. apd in the iron
region there is less interruption to
work because of insufficient fuel Nor
NAL conditions have by no means re-
turned however, and it will be some
time before shippers can safely guaran-
tee deliveries on a specified date. Buy
ing of staple commodities is on a large
scale. fully sustaining quotations at
high level, except in the few instances
where efforts were made TO hold prices
above the point warranted by the ratio
of needs to supplies. Labor controversies
are few and unimportant. while the new
year has brought advances in the rate
of wages at many points.
Holiday idleness, inventories and an
nual overhaulings were all cut down TO
the lowest possible limit at iron and
steel plants in the effort to meet urgent
demands from customers Although rail-
ways largely augmented supplies of
rolling stock during 1901, contracts for
this years delivery already aggregate.
many months full capacity of shops.
Activity continues at cotton mills, al
though domestic buying is on moderate
scale. Exporters are bidding freely for
heavy goods. but as a rule fall short of
holders views, and little new business
is recorded.
Reports of unfavorable weather in
winter wheat regions stimulated prices,
and there was further support in the
general resumption of activity at -four
mills. together with ,added inquiry for
foreign account.
Corn was fairly well held in sympathy
with wheat but some soft spots develop
ed, as was natural in view Of the fact
that the price is now more than 90 per
cent higher than year ago. Cotton was
depressed by liberal receipts, though
foreign conditions have improved, and
the quotation is almost SO a bale lower
than at this time last year.
Failures for the week numbered 573
in the United States against 324 last
year, and 27 in Canada against 81 last
year.
COMPARATIVE COTTON STATEMENT.
New York, jan 10.-For the week end
| ing Friday, January 10TH 1902: Net re-
ceipts at all United States ports during
week, 275,910 net receipts at all United
States ports during same week last year
174S74; total receipts to this date since
September 1st, 5,137S19; total receipts to
same date last year, 1903 713; exports
for the week, 21S, 84S; exports for same
week last year 254,7 ,707; total exports to
this date since September 1st, 3,791 POI;
| total exports to same date last year
| 1881 ,e66; stock at all United States
ports, 1,03S, ,270; stock at all United States
ports same time last year, 866 101 stock
at all interior towns, 654 ,456; stock at all
interior towns same time last year, 776,-
800; stock at Liverpool, 943, ,000; stock at
| Liverpool same time last year, ESQ 900;
stock of American afoat for Great Brit
ain, 27S, 000 stock of American afoat
for Great Britain same time last year
POI 600
TOTAL NET RECEIPTS.
| New York Jan. 10.-The following are
+ the total net receipts of cotton at all
ports since September l. 1901: Galveston
1,476419 bales: New Orleans 1,456416;
Mobile 1882; Savannah 864 325; Char
| lesion 211 ,533; Wilmington 1856; Nor
| folk 317 ,04S; Baltimore 50,213; New York
103919; Boston IS, POP; Newport News
| 10, 354 Philadelphia 1882, Fernandina
| 1000; Brunswick so, 2,523; Port Arthur 27,-
375; Pensacola 11091S. Total 5,1S7, ,S19
bales.
TOTAL BANK CLEARNIGS.
| New York, Jan. 10.-Total bank clear
| ings, week ended January 9, $2,S16, 461 1897.
increase 6.4 per cent; outside New York
| $917, 1876, ,191, increase 1876 per cent.
HEsTER's COTTON STATEMENT.
| New Orleans, Jan. 10.-Secretary Hes
| ter's weekly statement issued today
shows for the ten days of January an in
crease in the movement into sight over
last year OF 163 GOO, and an increase
| over TIE same period year before last of
10000. For the 1872 days of the season
| that have elapsed the aggregate is
ahead OF the 1872 davs of last year 203 900
and ahead of the same days year before
! last of S5s,000.
| The amount OF cotton brought into
sight during the past week has been
S56303 bales, against 229, ,273 for the same
seven days last year and 19S267 year
| before las.
The movement since September 1st