The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-01-18
IMPROVEMENTS IN
SOUTHERN TRADE
The Result of Raw Cotton's
Firmer Tone.
CEREALS VERY ACTIVE
Larger Spring Business in Cotton ard
Wooden Goods
TRADE IN sOurHwlSf SATISFACTORY
Lack Of Moisture For Winter Wheat Disturb
ing Element. More Doing IN Eastern
Tx lie Markets Iron ana Steel
industry Booming.
tBy the Associated Press.)

New York, Jan. 17.-Bradstreet's to-
morrow will say:
The usual January thaw in prices ar
rived this week and securities, food
products particularly the cereals, pork
and dairy products. coffee and sugar
among the groceries. and copper among
the metals, have all weakened and closed
lower on the week The causes for this
movement have been in many cases tech
meal, and the general trade situation has
not, on the whole. been weakened. If
anything, in fact, Improvement may be
expected TO follow, "a striking example of
this being in the cereals. High prices
had killed off export trade, but this
seems to have revived this week on the
decline. In distributive trade the situa-
ton has certainly improved. larger
spring business has been done in cotton
and WOODEN goods. Advices from the
West are of an enlarged spring jobbing
business and collections remain satisfac-
tory. Northwest advices areSparticular-
ly good agricultural implements and dry
goods being ordered and shipped in large
volume. Trade in the Southwest con-
tinues satisfactory, but the lack of need
ed moisture for the winter wheat crop is
a disturbing element tending to dull the
edge OF trade. More is doing in leading
Eastern textile markets, prints and ging-
hams moving well with jobbers. while a
good business is also reported in WOODEN
goods, though the new prices made are
rather lower than expected. There is
even some improvement noted in South
ern trade, largely the result of the firmer
tone of raw cotton.
Among the industries iron and steel is
still easily first in the volume of new
business in production, although the car
shortage is shown to have materially
reduced the December output of pig iron
Conservatism in the matter of advancing
pig iron prices is still noted Southern
producers announce that they will dis
courage any advance beyond $12 for No.
at Birmingham.
The cereals have been active and ey
cited. liquidation by disappointed longs
was a feature early. and prices crumbled.
aided by the suspension of prominent
western operator and bear rumors of
further troubles.
Business failures in the United States
for the week number 291 as against 290
in this week last year Canada's fail
20 in this week a year ago
COMPARATIVE COTTON STATEMENT.
New York. Jan. 17.--For the week end
ing Friday. January II: Net receipts at all
United states ports during week. 225.-
s29; net receipts at all United States
ports during same week last year lG9-
IA; total receipts to this date since
September lst, 1858. sis: total receipts to
same date last year 4,971 ,443 exports for
the week, 246, 1872; exports for same week
last year. l1S,29S; total exports to this
cate since September 1st 1910 202 total
exports to same date last year, $685.
JG4; stock at all United States ports
PSI 167. stock at all United States ports
same tine last year, S76,225: stock at ali
S interior towns, 640,272; stock at all inte-
rior towns same time last year, III 499;
stock at Liverpool, 900, 900; stock at Liv-
erpoo same time last year. 6eS 600; stock
CT American afoat for Great Britain
322, 900: stock of American af1oat for
Great Britain same time last year, 253,-
600
TOTAL NET RECEIPTS.
New York, Jan. 1.-The following are
the total net receipts of cotton at all
ports since September l, 1901:
Galveston 1,529,556; New Orleans, l.
$50, 723 Mobile 1929, Savannah S97, ga;
Charleston 217 ,SO7; Wilmington 22S,123;
Norfolk 33I.SS5; Baltimore 52.941 New
York 1O9.S01; Boston 1881; Newport
News 1916. Philadelphia POLIO; Fer
nandna 1000; Brunswick SS325; Port
Arthur 1855; Pensacola 11o,91S; total
1868 GAS.
TOTAL BANK CLEARINGS
New York, Jan. 17.--Total bank clear
mgs week ending January 16: so 433 S53,-
e6S, decrease 81 per cent; outside New
York $$S64 ,015, 765, increase 13 per cent.