The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-04-19
FREIGHTLESSCONGESTE
Cotton Attains a Higher Price on De
creasing Receipts.
GRAIN AND MEATS CONTINUE STRONG
Cotton Goods Have Not Followed Fluctuations
Of Raw Material, Although its Strength
Has Contributed 10 Steadiness of
Finished Product.
(By the Associated Press.)

New York, April 1S.-R. G. Dun &
Co.'s weekly review of trade tomorrow
will say:
Weather conditions have been potent
for good during the past week. Retail
distribution was greatly accelerated,
which in turn enlarged jobbipg trade
and brought more pressure on manufac-
turers for prompt shipment; agricultu-
raj work was facilitated and building
operations made rapid progress: traffic
increased at the interior as the condi-
tion of country roads improved, which
made collections better. Some labor
controversies were settled and others
were averted. Complaints are still
beard regarding tardy deliveries, but
freight is less congested and business
has Increased to the extent of SO per
cent, larger railway earnings for April
thus far than last year and 1853 per tent
over 1900.
Quotations of iron and steel cannot
yet be considered inflated, but the mar
ket is following natural course. des-
pite the efforts of leading interests to
maintain conservative position. Sup
ply and demand must in the long run
govern prices and, in this industry,
needs are, greater than available stocks,
although productive capacity has large
ly expanded. Pressure for pig iron is
very great, but furnace men have con-
tracted for their output far into the fu-
ture and consumers who want prompt
delivery are willing to pay premiums.
Cotton goods have not followed the
fluctuations in the raw material. al
though it's strength has contributed to
the stcadiness of the finished product.
The feature of the week was the in
creased inquiry for export and mills
catering to this trade are sold far into
the autumn. In the domestic trade
many bids slightly below ruling prices
We're not considered and it is evident
that supplies are in strong hands De-
liveres are being made more promptly,
yet there is no fear of accumulation.
Grain and meats have continued very
| strong. There was some logical expla-
nation of the advance in corn, interior
receipts falling to 1880 bushels for
the week while Atlantic exports rose to
SS4, sos bushels, an unusually large total
for recent times, although small by
comparison with the corresponding
week IN preceding years.
Cotton attained a higher price, South
ern markets leading the advance on de-
creasing port receipts and a good de-
nand from spinners.
Failures for the week numbered 261
in the United States, against pos last
year, and "a in Canada against q a
year ago."
COMPARATIVE COTTON STATEMENT
New York, April 1S.-For the week
ending Friday, April 18th, 1902: Net re-
celpts, at all United States ports during
week $3.50; net receipts at all United
States ports during same week last year
SO,13o; total receipts to this date 1899
367; total receipts to same date last year
| 6,63S,1oi; exports for the week II 1872; ex-
ports for the same week last year 1O6.-
2S3; total exports to this date 5763. 712:
total exports to same date last year s.
269,62o; stock at all United States ports
62S,424; stock at all United States ports
same time last year $50, 112; stock at all
interior towns 314053; stock at all in
terror towns same time last year $40, 546;
stock at Liverpool /, 10000; stock at Liv
erpool same time last year 7SSO00; stock
of American ahoat for Great Britain "a
coo; stock of American afloat for Great
Britain same time last year 100000.
TOTAL NET RECEIPTS.
New York, April 1S-The following are
the total net receipts of cotton at all
ports since September, 1901 Galveston
l 1852, 095 bales; New Orleans 2,0S9, 1888
Mobile 149. SOC; Savannah 1,06S,27 Char
lesion 260,45S; Wilmington 269,657; Nor
folk 42S,794; Baltimore S1,940; New York
1885; Boston 1850; Newport News