The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-18
fGADJusrMENT PRICES CONTINUE.
Transporting interests Are Catching Up
With Their Business.

Transporting interests Are Catching Up
With Their Business.
81 New York, January 17--R. g. Dun q
Eos weekly review tomorrow will say: Re
Il adjustment Of prices continued during the
5<econd week Of January and the general
average reached a much lower point than
,treyaed when the year opened. Manufac-
3ured products were scarcely disturbed, but
both staples and securities suffered. Bust
5tess conditions are sound. liberal distrlbu-
Zion and prompt payments being reported
Except at few Southern cities Cotton still
Vailed to command a price proportionate to
4he estimated crop and as a consequence
&he return to growers is insufficient to sus
Jain In business at the rate established by
fhe previous year, a most profitable yield.
transporting interests are less behind with
deliveries and railway earnings for the first
week OF January show gains Of IA per cent
over last years phenomenal figures and 14.7
= YER cent oYer 1900,
"a Nothing disturbed the bright OUTLOOK III
the iron and steel industry. Deliveries OF
9ue are less delayed and furnaces operated
July while mills received material with
- fair degree of .promptness. Quotations are
maintained hrmly and particularly for pig
|$]ron, which is In great demand. Large con
tracts have been placed for Bessemer at
1850 Oh Plttsburg delivery in June. Spot
sales In small quantities are much higher.
tstructural material is taken eagerly and
41oreign bridge contracts are reported.
Footwear producers have at last made
"a general advance of from 21a 10 cents.
Wholesalers have not altered lists.
Hides are weaker which Is natural at
fthas season, when the quality deteriorates.
Il Stocks OF cotton goods are now burden
2tome, and demands gradually expend with
the advancing season, especially for nne
.8grades. Heavy brown goods move slowly,
hnf m nd a 10 ord WnnlDn
goods opened lower than expected and pur-
#rhases were retarded rather than stimu-
plated by the declines. Changes were few
and small, yet there had been such con
tdence in higher level that the trade
Mbesltated. woolens and yarns tend up
wards.
Grain reacted sharply from the high
& point and large Western operator was
Forced lIauidation OF this long account
facilitated the work of the inanipulators
Tor decline. Another unsatisfactory fea-
lure was the recent falling off In foreign
Ing smaller exports OF wheat than for any
month OF the calendar year, although for
vi months of the crop year there still
sppears gain of about 5O,OOO,OOO bushels
oyer oyer the corresponding months Of 1900 OF
1899 The weeks exports were 4,34S, 431
eusnels against 3,40S, T25 year ago. Corn
n oeecined sharply, but still remains about
:" cents bushel above the price last year
PROVISIONS weakened slightly in sympathy
WIN grain, yet the higher level of prices
81 ~ DECEMBER established a new monthly
record In value of exports. Great activity
occurred at the coffee exchange, where
sPscglators for a decline were successful
siueo py enormous receipts at Brazil ports
snd American stocks 80 per cent larger
t1sn were held a year ago.
AZ niufes for the week numbered 1874 In
,ne united States. against 325 last year and
4 year.