The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-10-30
DRY GOODS ARE ACTIVE
Agricultural Operations Progressing
Well Over the Country.
MANY CONTRACTS FOR STEEL RAILS
All Raw Materials Are Firm Without Any SPY
c~ulatiye Activity 10 Stimulate Them.
Agitation in Progress For Small
Advance in Bille's.
Advance in Bille's.
CBy the Associated Press

New York, Oct. PR. G. Dunn & Co.'S
say:
The elections mean a great deal to all
business interests, and, although conf
dence in the future is seen on every
hand, it is but natural that men do not
care TO take unnecessary chances and,
therefore delay new engagements as far
as possible until after the ballots are
counted. But contracts for steel rails
for the season thus far are within 30, 600
tons OF last years heavy bookings, and
the confidence in a marked Improvement
is SO strong that all raw materials are
firm, and without any speculative ac-
tiyity to stimulate them. The agitation
for an advance in billets, though a small
one, is an indication of what the iron and
steel markets expect in the next six
months and in the great industries sell
lers Of material could easily make heavy
contracts if they cared to attach political
provisions to their agreements. However
unreasonable fears may be, it is likely
to be better for business in the long
run that conservative ideas for the pres
ent are entertained. The weather over
a great part Of the country has been ia
vorable for agricultural operations,
which are progressing well, and in the
East the unreasonable temperature has
retarded general trade comparatively lit
tie, as there has been no great stimulus
| yet this season.
Cotton showed little recuperative pow-
| er after last weeks decline and closed
lower. The loss in price is $3.50 a bale
since October 9Th, and exporters are still
holding off. Wheat also continued its
downward course, owing to good news
here and abroad, but an encouraging fea-
| ture was the accelerated foreign buying
as quotations declined. Cotton goods
move rather more freely as the price
| comes nearer parity with raw material.
but wide sheetings are dull at the ad-
vance Of 2 cents.
Failures for the week were 205 in the
United States, against 100 last year, and
% in Canada, against 90 last year
COMPARATIVE COTTON STATEMENT.
New York, Oct. 26.-For the week end
ing today: Net receipts at all United
States ports during week, 1923, 1876; net
receipts at all United States ports during
same week last year, 241, 361; total re-
ceipts to this date, 1,917, 9SS; total re
ceipts. to same date last year, 1,76S, 827
export. for the week, PAT, 163; exports for
same week last year, ZOE, CPL; total ex-
ports to this date, 1921, 527; total exports
to same date last year, 157, 1872; stock at
all United States ports, Csc, 872; stock at
all United States ports same time last
year, SIG, 466; stock at all interior towns,
/ Abs, $50; stock at all interior towns same
time last year. s 1851; stock at Liver
pool. 199, 900; stock at Liverpool same
time last year, ISL, 900; stock of Ameri-
can afoat for Great Britain, 1874, 1000;
stock of American a1oat for Great
TOTAL NET RECEIPTS.
New ork, Oct. 26.-The following are
the total net receipts of cotton at all
ports since September l. 1900, in bales:
Galveston, 344, 617; New Orleans, G63,
1926; Mobile, 4S,O19; Savannah, 386, $50
Charleston, 116, 29S; Wilmington. 1920
Norfolk, 134, OBJ; Baltimore, 4,668; New
York, 7,843; Boston, 25,S46; Newpor1
News, 6,4O7; Philadelphia, 1922; Bruins
wick, 16, 644; Pensacola, IA, 517. Total, l.
917 1888.
TOTAL BANK CLEARINGS.
New York, Oct. 26.-The total banl
I clearings at the principal cities OF the
United States for the week ended October
% were 81, 739, All 1873, a decrease OF q
per cent. as compared with the CORE
spending week of last year.
Outside of New York city the tota
clearings were $685., 178, 754, a decrease 0
% per cent.