The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-09-28
DOES LATE CROP CAUSE 1T
No Concerted Effort to Hold Back is
Apparent
THE GEN RAJ TRAD: OUTLOOK GOOD
Prices Are Stable Without Initiation, ard The
Placing Of Delayed Orders S imuates J
the ft,, Lines That Have
App AIRED to Halt.
App -ared to Halt.
(By the Associated Press J

tBy the Associated Press
New York, Sept. Pr. G. Dun and
Company's weekly Review of Trade to-
morrow will say
Normal conditions have been fully re-
stored in the distribution of merchan-
disc, the placing of delayed orders slim
ulating the few lines that appeared to
halt. One of the most gratifying fea-
lures OF the business situation is the pro-
nounced preference for the better grades
of goods, clearly indicating the i'm
proved financial condition of consumers.
Resumption of work has progressed rap
idly in the Steel industry since the set
Element of the labor controversy and
there is little discord between employer
and employed in other lines. Stability
of prices without imitation, is the rule,
except where the unusual size of crops in
PRODUCES a special factor.
Steel production is now progressing
at nearly the average rate. There are
interruptions and delays through inability
to secure special lines of material and
higher prices are quoted for both Steel
and Iron cars, steel billets and some other
shapes. In pig iron there was the great
est activity since the strike began, most
IcdCUluS HlSueE prices. "A rec
ord breaking output of steel rails is prac-
tically assured for 1901 and the new year
will open with an unparalleled volume of
business on the books.
Investigation of the cotton situation
throughout the entire belt reveals an ex-
tremely uncertain state of affairs. At
many points the crop is beyond danger SO
far as frost is concerned, while on some
81 L..
can prevent an increase over the pre-
vic us yield. There is no doubt regarding
the extensive loss sustained in Texas,
but the tenor of reports from Atlantic
States promises to more than make up the
deficiency if weather conditions are ia
vorable during the next few weeks. Heavy
rains have recently done serious damage,
tending to reduce expectations of eleven
million bales that had prevailed for a
time. There does not appear to be any
concerted effort to hold back the crop
and light port receipts must be attributed
to the lateness of the staple. Failures
for the week numbered 227 in the United
States, against 2O4 last year and 81 in
Canada, against IS last year"
COMPARATIVE COTTON STATE
MENT.
New York, Sept. 27.-For the week
ending Friday, Sept. 81, 1901. Net re-
'ccipts at all United States ports during
week, 145,0S2; net receipts at all United
States ports during same week last
year. 26S, 1873: total receipts to this date,
363,979,; total receipts to same date last
year, SCI, S43 exports for the week, S4,-
sos; export for same week last year, S.
RI at
total exports to same date last year,
221 ,2S3; stocks at all United States ports,
3l6,324; stocks at all United States ports
same time last year, 396,631; stocks at
all interior towns, 200, 1872 stocks at all
interior towns same time last year, 160,-
500; stock at Liverpool, 259 900: stock at
Liverpool same time last year, 100000;
stock of American afloat for Great Brit
ain, $4,000; stock of American afoat for
Great Britain same time last year, 40 900.
TOTAL NET RECEIPTS.
New York. Sept. 27.--The following ere
the total net receipts of cotton at all
United States ports since September 1st,
1901:
Galveston, 153, 224 bales; New Orleans,
S5,925; Mobile, $3.50; Savannah, 69,S77;
Charleston, 9,709; Wilmington, 1853;
Norfolk, $780, Baltimore, 2S7; New
York, 1896; Newport News, 5; Philadel-
phia, 1,134; Brunswick, 1,141; Pensacola,
1907. Total, 363,979 bales
TOTAL BANK CLEARINGS.
New York, Sept. 27.-The total bank
clearing week ended September 26th,
s., 16S, 014,9SS; increase 42.3 per cent
Outside of New York $7SS, 321, 545; in
crease 291 per cent.