The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-10-06
TONE OF TRADE FAVORABLE.
Southern Prospects Frightened by Higher
Cotton.
(By the Associated Press.)

(By the Associated Press.)
New York, Oct. 5.-Bradstreets tomor-
row will say:
Despite some irregularity, both as to
demand and prices, due partly to warm,
rainy weather, but likewise reflection
of hesitancy to embark largely in new
business pending political events, the
general tone of trade is a favorable one,
and confidence as to the outlook for bust
ness in the remainder of the year is
notable. Some diminution in the volume
of jobbing business is noted at larger
Western centers, and continued rainy
weather in the Northwest checks the
movement of wheat to market. injuries
the grade of the same and discourages
retail and jobbing distribution. Ten-cent
cotton is the key to the very favorable
report. which comes from the South, ana
the character of reports from this sec
tion is more nearly favorable than for
many years past at this time. The in
disposition to contract heavily as to the
future is perhaps more marked in the
iron and steel trade, and here also the
most marked tendency toward weakness
in the cruder forms of production is noted.
The industrial outlook has been improved
by the signing of the tin plate scale, but
the anthracite coal situation is. on the
surface at least, rather more unfavorable
than a week ago. more mines and miners
being idle and production steadily
diminishing
Special weakness is noted in the sugar
trade, owing to the practical break of the
raw sugar corner as much as to the
passing of the canning season and the
reported intention of the refiners to re-
open the war in prices. The strength of
the railroad situation is reflected in earn
ingS fully equal to last year, and in some
instances larger, and the announcement
that rates are to be advanced on Noyem-
Der 1st. October disbursements were the
heaviest ever known and are partly re-
flected in current bank clearings, which
are the heaviest since last June.
1.-THE rail situation is the cynosure of
eyes in the iron and steel trade. A West
ern road has bought $4,000 tons at Chi
cago, and a large anthracite road has
gone into the market at the East, but
the heaviest systems have not yet con-
tracted for their requirements, though
announcements are awaited with interest
because of the example they set to buy
ers generally. Chicago reports a sale OF
much business is held back pending the
election.
Business failures in the United States
for the week number III, as against 169
last week, LAG a year ago.
COMPARATIVE COTTON STATEMENT.
New York, Oct. 5-For the week ending
Friday, October 5, 1900 Net receipts at
all United States ports during week,
3O9,09S; net receipts at all United States
ports during same week last year, PSI, 718;
total receipts to this date, S77 Al; total
receipts to same date last year, 1,012,3
exports for the week, 226,S 1888; exports for
same week last year. 226,260 total ex-
ports to this date, 454, AL total exports
to same date last year, Gas, 500; stock at
all United States ports, 457 $685. stock at
all United States ports same time last
year, 6S2, 915; stock at all interior towns,
20S.5 stock at all interior towns same
time last year. 426, 49S; stock at Liverpool,
III $50; stock at Liverpool same time
last year, 10000; stock of American
aaoat for Great Britain. $4,000; stock of
American afioat for Great Britain same
time last year. 1863 900.
TOTAL COTTON RECEIPTS.
New York. Oct. 5.-The following arc
the total cotton receipts at all ports since
September 1st. 1900:
Galveston, Sc 259 bales: New Orleans,
302,374; Mobile, 24,649; Savannah, ga, 1928;
Charleston, 6285S; Wilmington, S8,295;
Norfolk, 1881; Baltimore, S37; New
York, 1,776; Boston, 1899; Philadelphia,
1.4S5; Brunswick, 1900; Pensacola 1850.
Total, S77.441 bales.