The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-05
REACTION SHOWN
IN SPECULATION
But General Distributive
Trade is Active.
AND ITS VOLUME LARGE
Bank Clearings Largely in Excess of
Previous Years.
RAILROAD EARNINGS ARE FAVORABLE
The Feature of the Week in Cotton the Govern
ment Report on Condition and the
Quick Adyancs'in TIE
Staple
(By the Associated Press.)

New York, Oct 4-Bradstreet tomor-
row will say:
"While speculative markets, except
for cotton, show reactionary tendencies.
general distributive trade and industry
are active and heavy volume OF bust
ness is going forward All obtainable
measure of production and movement
for the nine months of the year TESTIFY
to this. Bank clearings are heavily in
excess of previous years, railway earn
ings continue very favorable and talk
of scarcity of cars from different sec
tions of the country is heard. While
liabilities have expanded this has been
due mainly to a few large financial sus-
pensions before reported, but current
failures and liabilities are not as heavy
as earlier in the year.
1.-THE feature of the week in cotton
was the publication on Thursday of the
Government crop report, showing the
lowest condition, with one exception. in
eighteen years. Coming at time when
all the unfavorable features, such as
small foreign buying and the threaten
ed strike at Fall River had been dis
counted, the market quickly responded
in quarter cent advance in futures and
Is cent in spots.
Print cloths have been firm, little do
ing at the recent advance. Staple cot
tons have been rather quiet as regards
new demand, but jobbers report good
business in prints, which are rather
scarce and manufacturers Of ginghams
are heavily sold ahead.
Failures for the week in the United.
States number 175, as against III in this
week a year ago.
For the week there have been 20
failures in Canada, against is a year
ago.
COMPARATIVE COTTON STATEMENT.
New York, Oct. 4.-For the week ending
October 4th Net receipts at all United
States ports during week, 21S,5l2; net re-
ceipts at all United States ports during
same week last year, 309.o9S; total re-
ceipts to this date, 5S1.236; total receipts
TO same date last year. S77441; exports
for the week, 155,776 exports for same
week last year 226, ,SSS; total exports to
this date, 4OS 632; total exports to sape
date last year, 454,441; stock at all
United States ports, 32s, 701; stocks at all
United States ports same time last year,
457, ,SS3; stock at all interior towns, 246,
T04; stock at all interior towns same
time last year 2oS, ,513; stock at Liverpool,
22O, 900 stock at Liverpool same time last
year, III $50; stock of American afioat
for Great Britain, $4,000; stock of Ameri
can afioat for Great Britain same time
last year, $4,000.
TOTAL NET RECEIPTS.
New York. Oct. 4.-The following are
the total net receipts OF cotton at all
ports since September /, 1901:
Galveston, 224,669 bales; New Orleans
147, ,5S2; Mobile, 14,162; Savannah, 107 ,971;
Charleston, 17,107; Wilmington, 27,701s
Norfolk 22,476; Baltimore, 757; New York,
5,2S7 Boston, 903; Newport News s.
PhilaF Fcl~Nin 1859, West Point, ..,..;N
Brunswick, 1854; Velasco, .....; Pen
sacola, 1883. Total, 5S1, ,236.
WEEKLY BANK STATEMENT.
New York, Oct. 4-Total bank clearings
week ended October 3, $2136.972,9 900; in
crease, 30.S per cent; outside OF New
York, $791, 705,1 ,154, increase 10 per cent.