Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-03-31
.SEMI-WEEKLY MARKET REPORT


talned. A decline Of only PA per cent in
bank exchanges at New York. Notwithstanding
change were not more than third of those
IN the corresponding week last year while at
other leading cities clearings exhibited a gain
of 9S per cent over last year and Bis per
cent. over 1899
The demands for an elght-hour day after May
by the blast furnace men was the most
disturbing feature in the iron and steel in
dustry, and this is not causing much alarm,
agreement will probably be reached
during the intervening month Production is
now beyond all previous records. and the
movement of coke is ample, although the early
opening Of lake navigation may withdraw some
OF the transporting facilities which cannot well
be spared. Buying has been notably active in
bars for implement makers and producers
have sold their entire output so far ahead
that new business is not sought Many plans
for immediate structural work have been aban-
doned, owing TO the insufficient supply OF
available material On the other hand, there
are reports of reselling contracts for rails and
other supplies by consumers who have secured
larger deliveries than will be. needed. The
be ominous If quotations were more excess
sively inflated. Aside from the advance in
iron at Chicago to $3.50, there are no i'm
portant price changes, southern furnace prod
ucts having decided to postpone the contem-
"A severe reaction occurred in cotton. due
entirely to the excessive speculative purchases
which made the market top heavy.
A slight recovery in coffee from the bottom
price must be attributed to aggressive option
buying, as the statistical position is not inn
proved. port receipts exceeding last years high
record to date by over a third.
temporary reduction in refined sugar was
quickly restored, as the market for raw
goods became very strong. Meats again adj
vanced in the face Of easier grain, healpful
influence being the largest single order ever
placed for the British army.
Weakness appeared in the cereals early in
the week when there was a certain unanimtty
about encouraging weather reports and in
creased acreage. Subsequently there was par
tial recovery owing to less cheerful news from
Kansas and Oklahoma, but the net result for
the week was a decided lower range of prices
Wheat exports materially declined from the
satisfactory record of 1861. 622 bushels last
week TO only 3.0Ss 642 this week. which CONF
pares with 8, 1886, S32 in the same week last year
There was a decrease in western receipts to
2747, 094 bushels, against 4,O49 500 a year ago
butSthe difference in arrivals Of corn less
striking, 976 064 bushels, against 2,6S2, 91s a
year ago. Atlantic shipments of the minor
cereal were only 13S, 344 bushels, compared with
2946, 461 in 1891. According to an analysis OF
the official returns by a Liverpool authority
there will be only Is, 900, 900 bushels of wheat in
this country at the close Of the crop year, but
the statement is based on exports for the last
four months of half much as the record
breaking shipments of the preceding eight
months which is extremely improbable A
further alteration in the figures should be made
to allow for the under estimate, Of the total
crop.
Failures for the week numbered 2O5 in the
United States. against 20S last year, and % in
Canada, against % last year.