The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-01
COPPER EXPORTS LARGE
A Steady Improvement Noted in the
Iron Market.
FAVORABLE WEATHER FOR IHE CORN CROP
Cotton Moyemen, is Slow and Late, But Wealth
er Conditions Average Better Except in
the CaroIinas. Cotton and WooICn
Nils Are Quiet.
(By the Associated Press.)

Wy llC AGDOtldlCd L lNoS'J
New York, August Sir. G. Dun and
Company's weekly Review of Trade will
say tomorrow:
Commercial failures during August
were 735 in number with liabilities of 81
323, ,903. Manufacturing were ia, for So
945, ,607; trading $40, for $3,5S5.G67 and
other commercial AZ, for 1892, $50.
There were only two banks with liza
bilities of $4,000 This is the best
monthly statement for 1900 thus far, but
shows an increase over the corresponding
month in the two preceding years.
"Steel mills in the Cumberland dis
trict and some in Indiana have shut
down, throwing many hands out, but
part of these will be transferred to other
departments of the new Crucible Steel
Company. otherwise the working force is
increasing and hope is expressed of an
adjustment with the anthracite coal
miners. Reading company miners arc
said to be opposed TO a strike and some
others are in the same position.
Another important influence of the
week has been favorable weather for
development of corn over the greater part
of the surplus corn States, though heavy
rains in the spring wheat region have
retarded harvesting The cotton move.
ment is slow and late, but weather con-
ditions average better except in the
Carolinas. Price changes are small.
STEADY Improvement is seen in the
iron market. 1t is not marked by large
advances, but wherever change occurs it
is in the right direction. 1t is claimed
by some authorities that orders cur
rently booked aggregate more than pres
ent production and shipments. Special
concessions to secure prospective busi-
ness are withdrawn and buyers seek con-
tracts for prompt delivery. In some lines
mills are actively employed with orders
for months ahead and contracts running
to June were placed this week.
SALES of iron bars were made at $40
and SIG is quoted for Bessemer pig at
Pittsburg. Western stove manufacturers
have been buying freely and more bridge
builders signed contracts for structural
material Merchant steel advanced on
increasing orders. while domestic pur-
chases of cotton ties were large although
rather late. Copper exports average
million pounds per day and the market
is in a strong position. Iron ore hand
lers have made trouble at Cleveland and
the industry will be embarrassed by de-
lay in unloading vessels. Further re-
duction is shown in the output at Con-
nelsville Coke ovens.
ut is not possible to report progress
in the boot and shoe industry, unless It
can be considered encouraging that con
tinued activity at the shops in time
must reduce stocks to a point where or
ders viii mean resumption of operations
There is general quiet at both cotton and
woolen mills. The only manufacturers
showing any interest in wool at Boston
are those with government contracts that
must be filled promptly Prices of wool
are unchanged and Western holders have
not lost any of their confidence. Sales
at the three chief Eastern markets were
only 4,254.7G0 pounds against 5.o62. 500 in
the previous week and 6,32S, 700 a year
ago.
Failures for the week were IT'S in the
United States against 141 last year and
- in Canada, against 25 last year"
COMPARATIVE COTTON STATEMENT
New York, August 31.-For the week
ending Friday, August 31st, 1900. Net re-
ceipts at all United States ports during
week, 2l.273; net receipts at all United
States ports during same week last year,
65,270; total receipts to this date~6, ,537 1858;
total receipts to same date last year,
S,42S,919; exports for the week. 1896;
exports for same week last year. 1854
total ex9orts to this date, 5,769S72; total
exports TO same date last year. 71S1,066;
stock at all United States ports, S5,362;
stock at all United States ports same time
last year 1863, $50; stock at all interior
towns, SO. .319; stock at all interior towns
same time last year, 229, 1877; stock at
Liverpool. 272 600; stock al Liverpool same
time last year. 100000; stock of Ameri-
can afloat for Great Britain. q 900
stock of American afloat for Great Britain
same time last year, 10000.