The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-01-25
HOURS OF,LABOR REDUCED
Voluntary Advances of Wages at
Some Plants.
SKILLED WORKMEN ARE AT A PREMIUM
The Demand is Greater Than the Supply. Coz
ion Mills Busy as Rule. Cotton Not
Receiving the Support
Anticipated.
CBy tic Associated Prcss.y

New York, Jan. PAR. G.. Dun & Co.'s
weekly Review of Trade tomorrow will
say:
Little of novel nature has deyeI-
Cped in the business or financial situa-
ton during the past week. Conditions OF
the preceding week We're accentu&ted as
:. rule, active plants becoming still more
busily engaged while the downward ten
dency Of prices was not checked Retail
trade is of immense volume, and job
bcrs have immense spring orders to MI.
Western cities send the most satisfac-
tory returns, but nearly all sections are
enjoying wholesome activity. even the
South showing evidence OF improvement.
Wages were voluntarily advanced at
number of manufacturing plants hours
reduced at others There were few labor
controversies while skilled workmen are
in greater demand than supply.
Conditions in the iron and steel in
dustry are shown by record breaking pro-
duction at many plants and rapid In
crease of facilities at others When or
Gers for rails cannot be taken because
delivery is desired before the last quar-
Ter of the year. il would seem that new
figures Of output were assured for 1902.
Structural mills are equally Well occu-
Fled, having contracts for Office build
ings. factories, bridges, track elevation
and other constructive work
Textile markets are quiet although
reports of the iobbing trade are most
favorable. except at some Southern
points. Cotton mills are busy as a rule.
but uncertainty IS to the future of the
raw material tends to unsettle prices.
Speciaities have been put on the mar
ket with 4 fair 'legree of success Heavy
goods for China are in better inquiry.
although the visws of sellers are still
above prices offered. Home buying OF
fine yarn goods increases. Print cloths
are nominally three cents, and scarce for
near delivery
Hesitation Is general in the markets
for staple products There is no longer
The reckless buoyancy so conspicuous
short time ago Disaster 10 one opera
ter had calming influence and in the
case Of corn the insignificant exports can
rot we'll be entirely ignored.
Cotton is not receiving the support
anticipated. reports of exhausted stocks
or plantations being refuted by undimin-
ishcd receipts.
Failures for the week numbered 301
in tho United States against 200 last year
and 2% in Canada against 46 last year"
COMPARATIVE COTTON STATEMENT.
New York. Ian. 4--l'or the week end
ing January 24: Net :, ceipts A. all Cni-
ted States ports during week, 202 200: net
receipts at all United States rorts dur
irG same week last gcar. 100, 600; total
receipts to this Gate, Friday January
"a 5,665, 60i; total receipts to same date
last year. 5,l40,545 exports for the week.
151 .15i; exports fer the same week last
year. f5S.G2A; total exports to this date,
ending Friday. 4.294 Q6G; total exports 20
same date last Year, 3,,o2.4SS: stock at
al United States ports 974,651 stock at
all United States ports same line last
year, $50. 80, stock at all interior towns.
G95 .625; stock az all interior towns same
time last year, 759,5SS; stock at Liverpool.
997 900. stock at Liverpool same time last
year, 6G1 900; stock of American a1oat
for Great Britain, 253, 900: stock Of Amcr-
can aiioat for Great Britain same time
last year, 100000.
TOTAL NET RECEIPTS.
New York Jan. 24.-The following are
the total net receipts of cotton at all
ports since September /, 1909:
Galveston 1875 213 bales: New Or
leans 1910 7O3; Mobile, 132 ,931; Sayan-
nah 925. .634 Charleston. 222,251: Will
234,795 Norfolk, 345,094 Bal-
timore. 1851; New York. 115,61S Bos-
ton, 1869: Newport News. 11,470; Phil
adelphia. 21OOO; Port Townsend, SO .1O3:
Brunswick, 87.325; Fernandina 1850;
Pensacola. IL, ,70S: San Francisco 49,,
250 Port Arthur. 27,375: Portland. Orc,
9,l70 Vancouver, 35l Total 5,665, ,60i.
TOTAL BANK CLEARINGs.
New York, Jan. 24.-Total hank clear
ings week ended January 23rd, $2.225.-
599 .07G increase 1.2 per cent: outside
Now York. 1913, 45O,19S. Increase 1874 per
cont