The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-02-01
PRICES ARE IRREGULAR
This Applies to Cereals, Hog Products
aud Cotton.
FOREIGNERS BUYING COTTON FREELY
Confidence in a Small Crop is Still Undlmin-
shed. Staple Cotton Goods Continue
Quiet, Snow Brings Hopes Of
Large Grain Yield.
Large Grain Yield.
(By the Associated Press. }

(By the Associated Press.)
New York, Jan. S1.-Bradstreet's to-
morrow will say:
The future may be said this week to
have Droftted at the expense of the
present. In other words, current wealth
er conditions such as heavy snow falls
East, West and North tend to check
buying except of purely seasonable goods
at retail, and to limit slightly the vol
ume of demand in Wholesale lines. On
the other hand, the covering of the en-
tire Northern half of the country with
q blanket of snow has bettered the sit
.uation OF the winter-sown crops and the
outlook for spring as a whole has. there
fore, been greatly improved. No diminu-
tion in confidence in a large spring
business is reported. though Southern
trade adylces continue unsatisfactory.
Northern and Western buyers are call
ing for deliveries on spring account
much earlier than usual, an encouraging
feature AZ indicating that unsod stocks
OF wiEter goods are not excessive. Other
developments of the week are in the
| main favorable Iron furnaces in the
Chicago district have greatly resumed
Considerable irregularity is noted in
ton. After the late heavy decline in
prices has come several reactionary
movements in wheat. which tends to dis
courage export demand. Wheat strength
ened, carly in the week on Bradstreet's
report of heavy decrease in the visible
supply, but weakened later on improved
winter wheat crop prospects. Corn has
displayed rather more strength than
,yshn ahnf. - -
operating. while in oats the feature was
a spectacular break of cents per bushel
on one day, most of which was however,
later regained.
Uncertainty still rules in the market.
Confidence in a small yield is still un-
diminished though current receipts
throw discredit on minimum estimates
Trade advlces at home and abroad con-
tinue good. and the foreigners are GER
tainly buying the staple freely. Staple
cotton goods are still rather quiet, but
reports from the jobbng trade East and
West are favorable particularly as re-
CARDS printed fabrics and ginghams on
spring account.
Business failures for the week number
COZ, as against 23G in this week last year.
Failures in Canada number As as against
q in this week year ago.
COMPARATIVE COTTON STATEMENT.
New York, Jan. 31.-For the week end
ing January 81 1902: Net receipts at all
United States pcrts during week. 2Ol $50
net receipts at all United States ports
during same week last year, 19l ,046;
total receipts TO this date, 1853, 799:
total receipts TO same date last year.
5,33l, $50; exports for the week 237 ,946;
exports for same week last year, l50, ,256;
total exports to this date, 1882 ,032;
total exports to same date last year,
3,95S,744 stocks at all United States
ports, S89. 749; stocks at all United States
ports same time last year, S95, ,837;
stock at all interior towns. $50, 1872:
stock at all interior towns same time
last year III 092; stock at Liverpool.
99l 600; stock at Liverpool same time
last year. 1900; stock OF American
atloat for Great Britain, 279 900; stock OF
American afloat for Great Britain same
time last year, $4,000
TOTAL NET RECEIPTS.
New York, Jan. Sl.-The following are
the total net receipts of cotton at all
ports since September 1, 1901:
Galveston 621, ,329 bales; New Orleans
1,676S57; Mobile 135,449; Savannah CAS-
sos: Charleston 227 .491; Wilmington 23s.-
959; Norfolk 35G,515 Baltimore 62,954;
New York 120,S60; Boston 1881; New
port News 11,464; Philadelphia q ,542:
Portland, Ore. $50; Brunswick 9O,S44;
Fernandina 4,550; Port Arthur 27,375;
Port ownsend 91,154; Pensacola 133, Jos:
Vancouver 21,554; San Francisco IA, 200,
Total 5.S69.792.
TOTAL BANK CLEARINGS.
New York Jan. 31.-Total bank clear
ings for the week ended January 30.
S2,157, ,122,942, increase SO. er cent: out
side New York, s74S 956,5S9: increase
1916