The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1902-01-07
THECAR SHORTAGE AGAIN
An Unsettling Factor Both to Produc-
tion and Consumption.
PRICES CHANGE LiTTLe ON THE WEEK
Cotton Is Now Slightly Lower Because of Large
Receipts, Which Are, However,
Said 10 Represent Coed Buying
fer (xp3rt
(By the Associated Press.)


New York. Jan. 3.-Bradstreet's to-
morrow will say:
Satisfaction with the old and conf
dence in the new year are the dominant
features of the entire industrial, COM
mercfal and financial situation. The
week has naturally been quiet to the
verge Of dullness as regards new busi-
ness. the main attention being concen-
tration in gathering up the threads Of
Old business. in stock taking and in pre-
parations for the future.
a conspicuous exception to the gen
eral quietness is found In the iron and
steel situation. which gains rather than
loses activity. Here, however, the car
shortage question cuts a disturbing
figure and one which, in view of the
advanced stage Of the season, bids fair
to continue to unsettle both production
and consumption considerably. Sup
plies of coke at the ovens are piling up
but the blast furnaces are shutting down
because Of the necessary link between
the two, an abundance of cars not being
forthcoming. Southern pig iron has
advanced fifty cents per ton, and the
Western trade is getting it's chief sup
plies from this source. Floods in the
mining regions have interfered with
production, and the car shortage still
accentuates the scarcity Of coal, part-
cularly bituminous. Anthracite sup
plies are smaller, Notwithstanding a to-
tai production last year in excess of
53,oo00G0 tons, a total Y per cent larger
than ever before produced
Prices show few changes on the week
The cereals are on the whole higher
Que mainly TO the strength of wheat
Wh1cn still supports the COarSer grains
COTTON mas been shaded little because
OF large receipts, which are however
CANNED TO really represent good buying
ioF exports. Cotton goods are quiet, as
usual at this date, but closed the year
1901 much better than they began it.
tall liVer dividends are slightly lower
than the average in 1900, with the mills
producing the better class of goods show
lh@' the beSt returns. Ginghams are in
specially good shape, being largely sold
ahead and firm.
Business failures in the United States
Tor the week number 27O, as against 26S
IN this week last year
For the week Canadian fai1,roc ,,,,o
Der 20 against "A in this week a year
a~o.
COMPARATIVE COTTON STATEMENT.
New York, Jan. 3-For the week endinp
,uay' January 3rd: Net receipts at all
united states ports during week 295O19.
net receipts at all United States norts
curing same week last year IT'S, ,65S: total
receipts 20 this date since September 1st
}.S62,9 ,959, total receipts to Same da+o
laSt year, i,f28,551; exports for the week
-oi'~49, exports for same week last wear
1o"'o57' total exports to this date since
S'pteMF"r lSt, 3,575,520; total exports to
7-lie oa'e last year. 32769 933; stock at
"i ohited states ports, 030,1 1885, stock
~ dli th'ted states ports same time last
year, $780, stock at all interior towns
% l'oo0; stock a all interior towns samo
tllhe last year, 792. 2.840: stock at Liyernool
'-o'ooo' stock at Liverpool same time
last year o62,0Go; stock of Americas, af,oat
lol Hreat Britain. PSI 900; stock of Amer
hdil> ahoat iof Great Britain same time
last year, 10000.
TOTAL NET RECEIPTS
New York. Jan 3.-The following are
the tctal net receipts of cotton at al,
ports since September /, 1901:
Galveston 1903, ,645 bales; New OrIo.rc
"31,681; Mobile 121,411; Savannah s31 os7.
Charleston 202, 2,899; Wilmington 215 Ass.
Norfolk 3Ol024; Baltimore 4S1l7; New.
York 1868; Boston 51,S36; Newpo.t News
2'l81; Philadelphia 5000; Fernandina .
900; Brunswick s3.57S: Port Arthur 27
80; Pensacola 100, 79l: total 1852 $50
balca.
TOTAL BANK CLEARINGs
New York. Jan. 3.-TotaI bank clear
ihss week ended January End. s. ,093 615.-
i6z, increase 94 outside, New York, Sis
eo0.6z1. increase, 8.
HESTER'S COTTON STATEMENT.
new Orleans, Jan. 3.-Secretary Hes
Ter weekly statement issued today
SHOWS for the three days of January an
increase ln the movement into sight
over last year of $4,000 and an increase
over inc same period year before last
of 10000.
or the l2o days Of the season that
nave elapsed the aggregate is ahead OF