The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-23
MERELY HUM THE
WHEELS OF MILLS
Labor is Well Employed at
Good Wages.
The CRY FOR MORE CARS
Strength the Rule in the Market For
Farm Products.
NELL HOLDS DOWN COTTON ABROAD
His Crop Estimate is Not Likely to Prove as
Nearly Accurate Even as His es-
innate Of Last Years
The CRY FOR MORE CARS
NELL HOLDS DOWN COTTON ABROAD
Crop.
(By the Associated Press. }

New York, Nov. pr. G. Dun and
Company's weekly Review of Trade to-
morrow will say:
Never before IN the history of the
United States was there such great reason
for a day of National thanksgiving. This
country has made unprecedented strides
toward a position of international SUI
premacy, not only in commerce but also
in finance. To marked degree business
enterprises have proved successful An
idle wheel in mills or factories is the ca
ception, while labor is so we'll employed at
high wages that consumptive demands
sustain market values of all staple COM
modities. Transporting facilities have
been unable to keep pace with the Ma
tons requirements, many complaining
of tardy deliveries which alone act as a
brake on commercial progress. BY closing
Lake navigation. lower temperature will
relieve the railway situation, thousand OF
cars being restored to inland traffic. This
same factor of seasonable weather slim
uates retail dealings, and prompt collec-
lions swell bank exchanges.
Careful search diseloses few unfavor-
able factors in the iron and steel situa-
ton. Probably the least satisfactory con-
ditions are found at plate mills which
report an uneven distribution of orders.
In rails there is no apparent limit to
the orders placed, though some mills are
unable to guarantee delivery within
year. After six months of more or less
interruption, all machine shops and kim
dred plants at San Francisco have fully
resumed, and it is certain that the great
est force on record is now engaged in
the various departments of iron and steel
making. Raw material at the South has
advanced, but at central points pig-iron
is steady though rapidly absorbed
Cotton relapsed into dizziness with
barely steady quotations, in marked con-
trast to the exceptional activity and
strength of the same week in 1900 when
prices were 125 bale higher. Foreign
markets are held down by Mr.. Neilis
large estimate of the domestic crop, which
is not likely to prove as near the fact as
his excessive prediction last year. Losses
have undoubtedly been severe in many
States while prosperity in all other re-
gions must bring vigorous demand for
goods which is already perceptible in the
activity of spinners. British exports of
cotton goods are much larger than they
were a year ago. and domestic shipments
TO China have also increased OF late.
Return of Fall River prices for prints to
normal position promises activity, es-
pecially with the wage scale also settled.
These influences are all most favorable
for the raw material.
strength is the rule in the markets
for farm products. Favorable weather
during the closing days of corn harvesting
failed to bring any reaction from the high
est price level in many years.
wheat holds about cents above last
years prices, despite the marked differ
ence in size of crops. Failures for the
week numbered 21S in the United States
against 23S last year and 81 in Canada
against 30.