The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-03
ACTIVITY IN EVERY
LINE Of BUSINESS
Transporting Facilities Are
Utterly Inadequate.
TEXTILE MILLS ARE BUSY
The Question # Higher Freight Rates Ccmpl;.
Gates The Situation Regarding Iron
and Steel, But New Orders Con-
stantiv Como Eoyu,o-d
stantly Come Forward.
(By the Associated Press.)

New York Jan. 2.-R. G. Duns weekly
Review of Trade tomorrow will say
Despite the interruption Of a holiday.
taking of inventories and other disturbing
elements incidental to the closing of the
old year, the past week has been far
from dull. Consumers were not percepti-
bly, lesseniug purchases While the ap-
broach of higher freight rates accelerated
shipment OF goods Transporting facili-
ties continue utterly inadequate the
pressing need for fuel diverting rolling
stock from other classes of freight New
wage scales have become effective, large
ly enhancing the purchasing power of the
people. The new year begins with every
prospect of exceptional activity IN al
branches of business. Railway earnings
thus far available for December show a
gain of IL per cent over 1901 and i0.9 per
cent over 1900 while for the full year
there are increases of IL ana 1915 per
cent respectively, notwithstanding the
heavy loss of coal traffic.
The question of higher freight rates
complexities the situation regarding iron
and steel but new orders are constantly
coming forward and the activity Of plants
would equal capacity were t OF for the
fuel shortage. Quotations of all products
in this industry are July maintained
with a tendency toward still higher prices
because of freisbts and fuel Textile mills
are busy with orly g hand to mouth
home demand for cotton goods, but ex-
port buying for China continues large
farm products weakened as visible sup
plies increased, and reports from the west
Indicate that much more grain is offered
for shipment than the railroads will ac-
cept."
COMPARATIVE COTTON STATEMENT.
New York, Jan. q For the week ending
January End. Net receipts at all u. S.
ports during week 251, 238; net receipts
at all U. 6. Ports same week last year
29501S: total receipts since September
| 1st 4,9497l1; total receipts to same date
| last year i,862959; exports for the week
| 229 179; exports for same aek last year
2e5,526; total exports since September 1st
3.4761 total exports same date last
year 1915 800, stock at all United States
ports ,035 437, stock at all United States
ports same time last year 971 $685. stock
at all interior towns 542, 1876; stock at all
| interior towns same time last year 1925
100; stock at Liverpool COS, 600; stock at
Liverpool same time last year $50 900;
stock of American afoat for Great Britain
240 600; stock of American afoat for Great
britain same time last year 100000
COTTON RECEIPTS.
New York, Jan. 2-The following are
the total net recei9ts of cotton at all
ports since September 1st:
Galveston, 1,4O2,1S1 New Orleans, l.
| 2S7 031; Mobile, 143422; Savannah, $685.,
| 264: Charleston. lis ,23S; Wilmington, Ell,
| 544? Norfolk. 31S, 900; Baltimore. 1857;
| New York, % 961; Boston, q ,707; Newport
News II ,351: Philadelphia, 1884; Bruins
wick 72.472; Fernandina, 40; Pensacola
| "A ,C39 Port Arthur. 31,661; Port Town
send, 81 ,061; San Francisco, 9,70l; Port
| land, Ore. 1.541
MOVEMENTS OF COTTON.
New York, Jan. 1.-THE following sta
| tistics on TIE movement of cotton for the
| weeking ending January 2, were compiled
| by the New York Cotton Exchange:
Weekly Movement
This year. Last year.
| Port receipts .......254, 14S 201951
Overland to mills and
Canada .......s...... 81, ALB 46,7S5
Southern mill takings
(Estimated) ......... 10000 81 PAS
Loss of Stock at In
terror towns Qoss).. 1924 1876
Brought into sight
for the week -. 33S,G97 So, 227
Total Crop Movement
Port receipts .....4 ,9GS, PIC 4,928157
Overland to mills
and Canada 80. 560,72l SIS, 710
Southern mill tai
ings (estimated) e. 861 900 $40
Stock at interior
towns in excess of
September LIST -. AHA 523, 461
Brought into sight
thus far for sea-
son ..............6 S37 581 e S25 738
For 124 days against 125 days.
TOTAL BANK CLEARINGS.
New York, Jan. 2.-The total bank
clearings for tie week ended January /
arc as follows: $1.S57, 377, decrease 11.2
per cent: outside New York, $703 $685.
4S5, decrease Is per cent.