The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-11-24
BUSINESS SHOWS MORE ACTIVITY.
And the Tone is Also Much Improved. Trade
Not Yet at the Top.
(By the Associated Press. }


New York, Nov. 23.-R. G. Dun &c Co. Is
Weekly Review of Trade will tomorrow
say:
with reasonable promptness business
is recovering both activity and tone, and
fortunately without the sharp rise in gem
eral prices which were seen in the spring,
and which was followed by sudden and
serious transition to more natural
range. Manufactured goods are rising in
response to a better demand from dis
trlbuting sources, helped at he end of the
week by the more seasonable weather.
Business is not yet what it was on the
top of the wave of Industrial prosperity,
but the working force is fast increasing.
The ordinary measures of business reflect
increasing operations at all points, but
the textile markets are at the point of
least response to the improved undertone
of trade.
Recital of conditions in the iron and
steel market has become a monotonous
repetition. Each week there is the same
record of activity so generally distrib-
uted that everything, from the raw
material to the finished product, enjoys
q 1bNlG ID dlSO lLc SdIlC lIGGuOul
from speculative accumulation in antici-
patton of fancy prices that has been for
weeks the most encouraging feature.
'Undaunted by recent reverses, the
SPECTATORS in cotton advanced the price
about $3.50 bale in ten days. Receipts
have been Of moderate volume, but the
size of the current crop cannot be APP
proXimated by any ordinary system of
averages this year, owing to the ample
funds in the hands of planters, enabling
them to hold back much Of their crop,
Estimates have fallen below $1,000 ,00G
bales, because of the slow movement, and
this fact. together with last months
record breaking value of exports, forms
the basis of present prices. October ship
mentS are unlikely to be equalled again,
while sales of next September's option at
cents do not take into account plans for
a large increase in acreage next year.
Consumption decreases on account of the
nigh prices, Northern spinners having
taken $50 600 bales less than last year to
late, while British exports of Gotten
cloths in October were is per cent less
than in 1899. and of cotton goods SO per
cent smaller.
United tates against 191 last year, and
20 in Canada against % last year"
TOTAL BANK CLEARINGS.
New York, Nov 23.-The total bank
clearings at the principal cities of the
United States for the week ended Novem
Der END were 81, 246, III 1874, an increase
of 1913 per cent as compared with the
corresponding week of last year.
Outside of New York city the total
clearings were $7G6,644, 1913, an increase of
$50 per cent.
COMPARATIVE COTTON STATEMENT.
New York, Nov 23.-For the week end
ing Friday, November 23rd Net re-
ceipts at all United States ports during
week, 1920; net receipts at all Uni
ted States ports during same week last
year, 203, 731, total receipts to this date,
2,067, sol; total receipts to same date last
year, 2,791 ,S31; exports for the week,
1876, 651; exports for the same week last
year, 1870, $685. total exports to this date,
2141 251; total exports to same date last
year, 1 .779 ,020: stock at all United States
ports, TIA ,92S; stock at all United States
ports same time last year, /, 014 7S9; stock
at all interior towns, 5S92S1; stock at all
interior towns same time last year, 1885,
1872; stock at Liverpool, 10000; stock at
Liverpool same time last year, 100000
stock of American afoat for Great Brit
ain, 345 900; stock of American afloat for
Great Britain same time last year $780,
090