The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-06-22
BRIGHT OUTLOOK IN
THE WORLD OF TRADE
Increasing Distribution of
Merchandise.
THE CROP REPORTS GOOD
Cotton Goods Industry Makes an En-
c.uraging Showing.
UNDERGONE OF STRENGTH IN COTTON
Railroads Carrying More Goods That May be
CIassed as Luxuries Than Ever Be-
fore. Less Trouble From Dis
agreem mt With Labor,
agreem mt With Labor.
CBy the Associated Press.)

New York June Pr. G. Dun and
Companys weekly Review of Trade to-
morrow will say:
Increasing distribution of merchandise,
particularly in the territory beyond the
Ohio River, including the far Northwest,
is a feature of the general business situa-
ton, and tells of widespread prosperity
and confidence. The railroads are carry
ing more goods that may be classed as
luxuries than ever before, and in spite
of Wall Streets slightly higher money
market there is no fear on this score
in any line of legitimate trade Crop
news continues good, there Is less trouble
from disagreements with labor, and the
long laggard cotton goods market has re-
covered slightly with the reduction of I'M
sold stocks Of print cloths.
INTERRUPTION through labor controver-
sizes at machine shops makes the iron
and steel industry more fully employed
than in recent weeks, and for another
week there is assurance OF vigorous ac
tivity at mills and furnaces. In many
instances. promised deliveries cannot be
made before July 1st and urgent bust
ness that is now offered cannot be I'M
dertaken. 1t is noticed that much for
eign business is askable, but manufac-
turers refuse to make bids
Excessive stocks of print cloths at
Fall River have been reduced to a sur
prising extent since the combination of
attractive prices and warmer weather in
fused little animation into the market.
Sales are heaviest of wide goods, but
standard sizes are also sharing in the en-
larged business. The rapid strides of ex-
ports to China in the brown goods divis-
ion were not without influence and taken
as a whole the cotton goods industry has
a mere encouraging aspect than at any
time for many months. An undertone
of strength was seen in the raw cotton
market on account of greater activity
at the mills. and good foreign buying
also helped to neutralize the effect of
better crop news.
"A year ago the trade was beginning
to realize the extent of injury by drought
in spring wheat States, and in few
days about eight cents was added to the
price This year a decline of similar
proportions has occurred unaided by any
startling disclosures. AS the season adj
vances crop conditions steadily. improve.
ana in some States the winter wheat is
being harvested. No severe drop in quo
tations is anticipated, however, for the
crop is by no means beyond danger in the
Northwest, and even a yield equal to the
largest estimate may be required il the
most gloomy foreign fears are realized.
Failures for the week numbered 1913
in the United States, against 49, last
year and Ii in Canada, against rs last
year."
COTTON STATE
MENT.
Ne WORK, June 21.-For the week
ending Friday, June 21st. net receipts
at all United States ports during the
week, 10000 net receipts at all United
States ports during same week last
year 1852; total receipts to this date,
Z, 1876, 755; total receipts to same date last
year, 6,357 1855; exports for the week,
81, 1854: exports for the same week last
year. so, 1876; total exports to this date,
6, 002, 275; total export to same date last
year, $3.50, sol; stock at all United
States ports, 414,S13 total stocks at all
United States ports same time last year.
1893, 3OS; stock at all interior towns, 299,-
966; stock at all interior towns same
time last year, 117776; stock at Liver
pool. 691 900; stock at Liverpool same
time last year, $4,000; stock of Ameri-
can afioat for Great Britain, 100000 stock
of American afloat for Great Britain
same time last year, $4,000.