The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-02-08
FAMINE NOTED IN
P|u iron MARKET
Railroad Earnings Continue
to Ascend.
PRODUCE MARKETS QUIET
Manufacturing Activity is Now on.
the Increase.
PRODUCE MARKETS QUIET
BEST TRADE REPORTS FROM THE WEST
interruption 10 Railroad Traffic and Outdoor
Work by the Storms Of the Week Are
About tie Only Unfayorable
Factors Noted,
lBy the Associated Press


New York. Feb. 7.7R. G. Dun & Com
panys weekly Review of Trade tomorrow
will say:
Interruption to railway traffic ard out
door work by severe storms was the only
tnfavorable factor in the business sitna
ton during the past week, while manu-
featuring activity increased. and distri-
button through retail channels was I'm
diminished. Reports from the West are
especially encouraging but few South
ern points are slow to exhibit. Improve
ment Railway earnings continue the r
monotonous record Of increase. for Ian
uary gaining ~ per cent over last year
and 24.2 per cent over 1900 The fourth
weeks earnings We're somewhat reduced
by bad weather.
Famine conditions exist in the market
for pig iron. 1t is doubtful whether
there was ever time in the history of
the nationswhen this metal was so scarce.
Considering the fact that production dur.
ing 1901 was far beyond all previous rec
ords. the present shortage gives ndis-
putable evidence of the unprecedented
rate at which the mills have been con-
Stunning. Controlling interests deprecate
all tendencies to initiate prices and recog-
nize the fact that the continued heavy
CONSUMPTION is dependent upon quota
lions held at reasonable prices Never
'heless, If deliveries are wanted before
July | II is often necessary to ray a
premium and consumers have been com
PEELED In some instances to place orders
abroad. Efforts are being made to re-
purchase iron sent abroad last year, since
that may evade the duty
Compared with the erratic course Of
the cereals during the preceding month
or two. produce markets have been auict
this week. Dizziness and lack of spec;ai
influences were not productive of weak
ness, however former quotations being
stubbornly maintained. IN the case of
corn there are many expressions Of faith
IN lower prices without aggressive spec
ulation on the short side, Among the
other staples. cotton received little
support, notwithstanding liberal port re-
ceipts.
Final returns of commercial failures
during January exhibit an exceriioaaily
large number of insolvencies ond also IN
unusual amount of defaulted liabilities.
In manufacturing lines there were 26f
failures involving se.30s 949 an Increase
OF S1.607.9e4 over the liabilities of last
year DefauIting traders numbered l.
go with liabilities of S7.f16972. an in
crease OF liz in number and 81, sos. los in
amount. Miscellaneous failures were so
in number and $SS6,571 in liabilities. ex-
ceeding January, 1901. by 10 in number.
hut showing a decrease of s321, 442 in de-
faulted liabilities
COMPARATIVE COTTON STATEMENT.
New York. Feb. For the week end
ing February Z: Net. receipts at all Uni
ted States ports during week III, 1884, net
receipts at all United States ports dur
ing same week last year 1882; total
receipts to this date, $685.. $50; total re-
ceipts to same date last year 5.475, 431:
exports for the week 124154; exports for
same week last year 1854; total exports
TO this date 4,655.7S2; total exports to
same date last year 4,1O46,SOS stock at
all United States ports SAL $50; stock at
all United States ports same time last
year 906261; stock at all interior towns
592, 11S; stock at all interior towns same
time last year 72i,S61; stock at Liverpool
i040,00a; stock at Liverpool same time
last year $4,000; stock of American
afioat for Great Britain 244.oo0 stock of
American afioat for Great Britain same
time last year $4,000.
TOTAL. NET RECEIPTS.
New York. Feb. THE following are
the total net receipts of cotton at ali
ports since September list, 1901:
Galveston, 1,656.275 bales; New Or
leans. 1,T07.151; Mobile. 13S969: Savan-
nah, 962, $780, Charleston. 230,7S1: Will
mington, 243,436: Norfolk, 1863, 764; Balti-
more. SO, 759: New York, 127,SS3: Boston,
S5.672; Newport News, IL ,669; Philadel-
phia, 21,736; Vancouver, 1854; Bruins
wick, 90,844; Fernandina. 1850; San
Francisco, 1920; Pensacola. 1873, 10S; Port
Townsend. 9l,904; Port Arthur, 27,375;
Portland. Oregon, 6,970. Total 59S5,25O.
TOTAL BANK CLEARINGS.
New York. Feb. Total bank clear
iugs week ended February 9th, $2,214 ,932,-
231. decrease 3.2 per cent: outside New
York 1882, S90,079, increase lis per cent.