The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-07-20
SOME ORDERS CAN CELLED
Western Dealers Thus Show Their
Anxiety For the Future.
STRIKE OF THE FlREMEN NOT yer FELT
The Recent Heavy Output Of Coal is The Reason
For This. Cotton Receipts at Potts
Heavy. Demand by Foreign
Spinners Light.
(By the Associated Press.)

(By the Associated Press)
New York, July 19.-R. G. Dun's and
Companys weekly Review of Trade to-
morrow will say:
Anxiety regarding unfavorable possi
bilities in the future rather than any act
ual present misfortune, depressed securi-
ties and caused cancellation of some or
ders for merchandise by Western dealers.
Retail distribution of goods will not be
curtailed by the labor controversy unless
it is OF long duration, as the men have
saved money during the recent period of
full employment at high wages. Similar
ly in some agricultural districts where
there is fear that little corn will be har-
vested, preceding bounteous crops at good
prices have put farmers in such pros
porous condition that their purchases will
not fall off materially, while the greatest
crop of wheat on record has not brought
a return to the low prices of previous
heavy yields.
Beyond advancing prices of steel sheets
and depressing the market for tin, quo
tations have not been affected by the
strike of the Amalgamated Association.
Pig iron futures are not disturbed, al
though record breaking production will
b ing accumulation of stocks if the rolling
mills are kept idle for any length of time.
In the branch plants not directly con-
cerned there is no change of conditions,
orders frequently running months ahead.
In anthracite coal regions work has also
been interrupted but the recent except
ionally heavy output assures abundant
stocks for some time.
''WocIan mills are more generally ac-
tive than at any time this year, or
ders for heavy weight goods arriving in
large numbers. The light weight season
will soon open, and although it is expected
that concessions of from five to ten per
cent from last years prices will be made,
there is prospect of profitable operation
unless the "aw material should advance.
"In cotton goods the situation is un-
changed. There was a decline in cotton
below S12 cents followed by slight recov-
cry as news from plantations failed to
show the desired Improvement. Foreign
consumption is light judging by reduced
exports, and port receipts of the old crop
are still liberal. These are the depressing
elements that keep prices 1A cents be-
low last years.
stability of prices seems assured in
the footwear in firm tone is
sustained by the steadiness of leather
and buyers are not seeking concessions.
Factories are running full time with or
ders on hand for months ahead.
Hides are fairly active and steady,
some grades at Chicago tending downward
on account of the increased receipts of
cattle because of the drouth. but in the
long run this should be a supporting fac
tor as later arrivals must show at least
an equivalent decrease.
"Calmer counsel prevailed in the grain
markets, exaggerated dispatches were
discounted and variations in quotations
were less extensive. After a severe
break from the best prices last Friday
wheat steadily advanced as the feeling
became general that foreign requirements
would bring a new record for exports,
possibly exceeding 25O, ,O00, 900 bushels
Some of the heavy crop also may be
used for fodder in sections where corn is
deficient These influences fully offset the
effect of interior receipts for the week of
$3.50 242 against 1882, 253 last year At
lantic exports show a large gain over last
years figures for the week amounting to
1902 775 bushels, against I,S41, SCI year
ago. After some reaction corn recovered
most of the loss, and holders showed their
confidence in values by marketing only
1851 692 bushels for the week, against
4,416153 a year ago, although the high
price was distinctly reflected in Atlantic
shipments OF only 1,176,9S2, against B.
9e1 1876 in 1900.
Failures Cor the week numbered 1913
in the United States, against 251 last
year and 32 in Canada, against u last
year"
TOTAL BANK CLEARINGS.
New York. July 19.-The total bank
clearings of the United States for the
week ending July Is as compiled by
Bradstreet's were 50, 415, ,220 $50, against
CAL per cent as compared with last year,
ouside of New York city the clearings
show an increase of 25 per cent over
last year.
COMPARATIVE COTTON STATE
MENT.
New York July 19.-For the week
ending July 10, net receipts at all Unit
ed States ports during the week, 49,
790: net receipts at all United States
ports during same week last year. 40,-
O16; total receipts to this date, 1886, ,665:
total receipts to same date last year,
6,447,06; exports for the week, 1886;
exports for same week last year, 54,-
456; total exports to this date, 6,15S,744;
total exports to same date last year,
5,610,3S9; stocks at all United States
ports, 1925; stock at all United States