The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-02-15
RAPID ADVANCE
IN RAW COT TON
Belief That the Staple is Be
ing Over Exported.
GENERAL TRADE EXPANDS
Highest Prices For Years Reached
by Butter and Eggs.
PRICES OF COTTON GOODS ARE GOING UP
Demands For Steel and Iron Are Going For
ward at Record Breaking Rate. Con-
tnued Strength Noted In All
GENERAL TRADE EXPANDS
Highest Prices For Years Reached
by Butter and Eggs.
PRICES OF COTTON GOODS ARE GOING UP
the Cereals.
(By the Associated Press.)


New York, Feb. 14.-Bradstreets to-
morrow will say.
Sales for spring account. demand for
manufactures and Industrial operations
generally are expanding while prices are
hardening. Specially good reports come
from the West and Northwest and the
leading Eastern markets also note the
growth of sales for spring.
Least favorable advices come from
the South and Southwest, though Chicago
notes exceptionally large buying by
wholesalers from those sections.
Continued strength is to be noted in
all the cereals and -four fractional adj
vances being shown during the week
while hog products, country produce gen
orally, iron and steel and other metals
are also quoted higher The highest
prices In years have been reached by
butter and eggs as result of the cold
weather. which in the Northern part of
the country, particularly In the East.
has checked shipment and impeded coll
lections. The advance in raw cottons
has been rapid, a for the week, and u
since the present movement began. Pa
tient bulls are at last reuaping the re-
ward of their confidence In higher prices
for the Southern staple. Despite in
creased receipts visible supplies will
probably show another falling off this
week and the heavy export movement,
shipments for five months. 10 per cent
larger than last season. lead to claims
that domestic manufacturers are not as
well supplied as expected and that rela-
lively cotton is being over exported.
Cotton goods have felt the quickening
influences operative in the raw produce,
but also reflect the increased demand al
leading markets for all varieties Print
cloths are 9-16 higher on the week. Prints
and ginghams are active the latter being
heavily sold ahead aud advances in sta
pie cottons have bt en- numerous. the lat.
ter branch Of trade displaying more ami
nation.
Despite ear shortages, which reduce
supplies of fuel, cause banking of fur
races ana prevent shipments Of finished
products. production ard demands for
iron and steel are going forward at a
record breaking rate. The iron trade
liz fact, appe ars 10 have awakened sud
denly to the fact that January production,
and presumably consumption was the
largest ever reported in any month Of
any year The present pig iron pro-
ductionl is claimed to be at q rate of 49,
100000 tons per year. Scarcity OF pig
iron, steel billets ard other crude ma
terials is still a feature and high pre-
lniums are being paid for prompt deliver
les. AT the same time there never were
so many orders on iron manufactures
books Tor future delivery and bar mills
are sold ahead for FIVE months.
Business failures for the week number
265 as against 226. Canadian failures
number 25 as against 80 year ago."
COMPARATIVE COTTON STATEMENT.
New York. Feb. 14.--For the week end
ing February IA. 1902: Net receipts at all
United States ports during week, 1888;
net receipts at all United States ports
during same week last year, 1886;
total receipts to this date. 6,13S, 125;
total receipts to same date last year
5,601, S17 exports for the week, 1859:
exports for same week last year, S4395;
total exports to this date, 4,840311;
total exports to same date last year,
4.130,S34; stock at all United States ports,
1918: stock at all United States ports
same time last year, 919, O3S; stock at all
interior towns, 56S335; stock at all in
II
stock at Liverpool 1861, 900; stock at
Liverpool same time last year, 1856 900;
stock of American ahoat for Great
Britain, 211 900; stock OF American afioat
for Great Britain same time last year,
1873, 900.
TOTAL NET RECEIPTS.
New York, Feb. 1.-THE following are
the total net receipts of cotton at all
ports since September LIST, 1901:
Galveston, 1897 1856 bales; New Orleans,
1,756.5S6: Mobile, 140945; Savannah
975,362 Charleston, 236,379 Wilmington.
52.02S; Norfolk, 375,459; Baltimore. Ca,
156; New York, 1S1, 1874; Boston, 50, 465;
Newport News, 12,45S; Philadelphia, o.
1874; Vancouver, 2,554; Fernandina, 1850;
Brunswick 90,S44; Port Arthur, 27,S75;
Port Townsend. 1851; Pensacola, 140,-
S24; San Francisco, Is, 1926; Portland, Ore,
$50 Total. 6.13S,125 bales.