The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-08-10
THE TONE Is EXCELLENT
Cereal Prices Irregular With an Up
ward Tendency.
BIG EXPORTS OF WHEAT KEEP VALUES UP
Cotton Goods Firmly Held Despite Quiet Con-
dtion Of Business al First Hands. Wool
Firm With Manufacturers
Steady Buyers.
(By the Associated Press.)


New York, August 9.-Bradstreet's to-
morrow will say:
Despite some irregularity due to the
recurrence of corn damage reports from
the Eastern surplus producing States and
the formal launching of the much herald
ed general steel works strike, the aggre-
gate business the country over, seems
to be of good, and in most sections, un-
precedented volume for this season of the
year. Changes where noted for the week
have been rather of tone than of actual
demand and it is in this matter OF tone
or sentiment that the favorable develop
ments have arisen. All available meas
ures of supply, demand and movement
point to the business done in July hav-
ing exceeded anything transacted in any
similar midsummer month. This, too,
despite the exceptionally hot weather,
drought, strike talk and similar condi-
tions unfavorable to business extension.
Cereal prices have been rather irreg-
ular but the main tendency has been
upward, partly because of renewed crop
damage reports as to corn frosts' having
already begun to be sighted by nervous
crop estimators. The main strength of
wheat, however, lies in the continued
heavy export business, the clearances this
week were enormous and far in excess
of any previous week on record, and the
rather smaller volume of receipts of
winter wheat.
THE textiles show little change on
the week. Cotton goods have been firmly
held despite the quiet and even dull con-
dition of business at first hands. The
eastern jobbing business in prints, gng-
hams and cotton goods generally, has
been of good volume though smaller than
expected, possibly because of crop and
strike talk. Print cloths are easier though
not quotably lower, owing to the formal
dissolution of the selling committee plan
at Fall River. Talk of wage reduction
is again heard, but there is still an un-
willingness to strike at the real cause of
trouble that of production of GER
tain kinds of print cloths, due to changes
in style and fashion. Recent recorders
of mems wear. fall weights, have given
the mills plenty of occupation, and as
manufacturers are meeting the lower
price for spring weights set by the prin-
cipal interest good volume of business
is being done in these goods Women's
wear goods, particularly the palmer sorts
have been literally ordered. Wool is firm
Business failures in the United States
number 1S5 as against 100 last week
172 in this week year ago, 1876 in 1S99
157 in 1898 and PA in 1897.
Canadian failures number 20 as against
IS last week, 20 in this week a year ago,
27 in 1S99 33 in 1898 and 81 in 1897"
COMPARATIVE COTTON STATEMENT.
New York, August 9-For the week
ending Friday, August 8, 1901: Net re-
ceipts at all United States ports during
week, 1S,103 net receipts at all United
States ports during same week last year.
All; total receipts to this date, 7453,
795 total receipts to same date last year,
6,495,376 exports for the week, 41,641;
exports for the same week last year 36,-
$40; total exports to this date, 6,312, 414;
total exports to this same date last year,
5,723, ,6O7 stock at all United States ports,
299, ,S29; stock at all United States ports
same time last year, 9S,513; stock at all
interior towns, 1859; stock at all in
terror towns same time last year, 39,95S;
stock at Lierpool, 10000; stock at Liver
pool same time last year, 315, 900; stock
of American afloat for Great Britain SS.-
O00 stock of American afloat for Great
Britain same time last year, $4,000.
TOTAL NET RECEIPTS.
New York. Aug. 9.-Following are the
total net receipts of cotton at all ports
since September 1st, 1900:
Galveston 2,127 005 bales; New Orleans,
2, 1881; Mobile, 49, 1874; Savannah,
], ,O73,614; Charleston. 232,301; Wilmington,
25S176; Norfolk, 429,049; Baltimore, r.,
1872; New York. 192145; Boston, 197O0S;
Newport News, II, ,03S; Philadelphia,
27 ,619; West Point -; Brunswick,
101 0S1; Porth Arthur, 20,654; Pensacola,
1874, ,015. Total, 1853, 799 bales.