The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-02
ITS EFFECT FELT BY ALL
ADVANCES IN BOOTS AND SHOES
CHECK NO BUSINESS.
DEMAND EXCEEDS SUPPLY IN b. S EMER
Sales of Wool Only Moderate. The Reverse
True of Cotton Goods. A Prospect
of a 10000, 900 Bale Crop
Of Cotton.

New York, September 1-R. G.. Dun
and Company's Review OF Trade will
say tomorrow:
The astonishing feature Is the magni-
tude of demand, Notwithstanding prices
which would ordinarily check it. In
products directly consumed by indiyid
uals, the larger employment and better
wages of the working force give expla-
nation. Efforts to meet the demand cal!
for more stores, manufacturing weeks.
more machinery and facilities and trans
portation, as il every mans wages were
in part diverted to build up the nations
machinery of manufacturing and distri-
button. The occasion promises quick
profits, the building is largely for the
future, and it goes on in spite of I'M
usual prices.
The demand exceeds the supply of
BeSsemer pig, again raising the price
for that and anthracite to $3.50, South
ern foundry to $500 at Pittsburg, with
heavy sales, Grey Forge TO $500 and
Southern at Chicago to $20.65 with
local coke at $21.00. Structural shapes
We're advanced $500 per ton week
ago, cut nails Zoe per key this week.
plates $500 per ton, common bar iron
to S1.SI1a at Pittsburg and tool steel
to &C., with large Mexican orders placed
for pipe, and good orders for bridges
at Chicago. Few works can promise
delivery before December and most OF
the heavy contracts have been placed
for next years delivery.
Recent advances in boots and shoes
and leather do not prevent large b;is.-
ness, and hides have slightly risen at
Chicago. Shipments of boots and shoes
from Boston ST. per cent larger than
in any year TO date. We're I4.1 per cent
larger in August than in any other year
and "a per cent larger than in 1892.
Buyers press for early delivery, manu-
facturers refuse many orders and some
already have contracts farther ahead
than they wish. Leather IS a little
stronger with a heavy business.
Sales of wool have been moderate
6,32S, 700 pounds for the week, and for
five weeks 42,005,S 800 of which 80, 459.-
290 were domestic, and when the last
great speculation was in progress, sales
in the same weeks of 1885 were 81
669,292 pounds, Of which 39,11S.9S7
We're domestic. Some hesitancy in buy
ing by manufacturers is attributed to
current prices, and in quarter-blood
washed fleece and unwashed and comb
ing light some concessions have been
made, so that the average or 100 quota
tions by Coates Brothers is about 20. 33
cents, against 20.40 in August last
Mills have strong demands for goods,
and the clay worsteds have further ad-
vanced. In cotton goods demand exceeds
supply, and many kinds have advanced,
although the material has declined.
The cotton year ends with quotations
at 6Ac. The crop has surpassed all
Others, and with commercial stocks here
and abroad and mill stocks about Co.,
600 bales larger than a year ago, the
actual consumption of American cotton
seems to have been about 100000
bales, so that crop of 10000, 900 would
leave stocks about where they were a
year ago, if consumption should remain
the same. There is prospect of increased
consumption, but also or a yield exceed
ing l0,O0O.OOO bales, notwithstanding re-
cent losses.
Wheat has declined mainly because re-
ports of injury in the Northwest have
been discredited, and the exports from
both coasts have been for the week 81
Ol0,0lO bushels against 3,7S5, 759 bush
els last year and for FIVE weeks 16,114.-
$50 bushels, against 16,S75,S39 bushels
last year. The Western receipts have
been 19,513,470 bushels, against 20, 320,-
$50 bushels last year, indicating i'm re-
cent weeks some disposition ON the part
of the farmers to hold their grain. The
enormous exports Of corn, 20,SO2, 129
bushels, against 10,999,4 S3 bushels in
the same weeks last year, and the West
ern receipts 19,722,019 bushels, against
1S, 620,7S7 bushels last year, are not to
be forgotten and have caused a decline
OF ONE cent in price.
Failures for the week have been al
i'm the UNITED States against III last
year and % in Canada against % last
year.