The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02
AND AFFECTS RAW COTTON
Wheat Has Weakened on Increase Of
Visible Supply.
HOG PRODUCTS ANE LOWER ON The WEEK
An 0yer-suppIy Of New Tonnage Probably
Causes the Depression Noted in Ocean
Freights. Dry Goods Rise
While Cotton Falls.
(By the Associated Press.)

lby the ASSOCldteu fTeSS.D
New York, Nov. 1--Bradstreet's tomor-
row will say:
THE complaints of car shortage are re-
peated this week in an even greater de-
gree. At best, however, this is only a
negatively unfavorable circumstance and
is the best of proof that an enormous
volume of business is doing throughout
the country. Unsea sonably warm wealth
er is likewise complained of as interfer-
ing with or checking retail distribution
of clothing, shoes and other fall and
winter goods, and dulling the usual re-
asserting demand from jobbers East and
West. The holding off of killing frost at
the South lit is now one week behind the
average) has benefited the crop prospects,
but coupled with immense receipts, has
induced a raising of estimates and low
cred prices 6-16 cents for the week
"In keeping with raw cotton several
other farm products have weakened this
week. Wheat has felt the influence of the
heavy movement of grain at the North
west, heavy increases in visible supplies
in Manitoba and rather less critical adj
vices from Argentina. In addition the
stories of dullness and depression in the
export business have affected trade
though it is to be noted that wheat and
corn shipments together since July / are
heavier than a year ago: TO smaller ex-
port shipments of cotton, of iron and
steed, and to an over-supply of new ton
mage is probably due the depression in
ocean freights prevalent for months past.
Hog products are lower, it is claimed,
because of packers manipulating the hog
market, but the recent high prices ap-
pear to have checked consumption.
among the staples advancing corn is
prominent, though held down slightly by
wheat A large short interest is said to
exist in that grain, and wet weather and
good buying have stimulated prices of
that product and of oats. Print cloths,
amcng the textiles, have gone counter to
the raw material, mainly because of ma
nipulative buying. The effect of these
two diverse movements has been to un-
settle the market slightly, while the fail
ure of the Fall River spinners to vote in
favor of strike is still another disturb
ing element.
"No particular change in iron and steel
is noted.
Failures in the United States for the
week: 172 as again 165 in this week a
year ago. Canadian failures for the week
number H. against 16 in this week year
ago.
| COMPARATIVE COTTON STATEMENT.
New York, Nov. 1.-For the week end
ing Friday, November 1: Net receipts at
all United States ports during week, 40S,-
$50; net receipts at all United States
ports during same week last year. 296, ,S74
total receipts to this date, 2,04S, sos; total
receipts to same date last year, 2,216,019;
exports for the week, 426, 800; exports for
same week last year, ESQ, ,147; total ex-
| ports to this date, AT ,2S1; total exports
| to same date last year, ], 1,517, 674 stock at
| all United States ports, Gil, ,447; stock at
all United States ports same time last
| year, $685. stock at all interior towns,
| SOC, 1898; stock at all interior towns same
| time last year, 499 ,354; stock at Liverpool,
| 159, 600; stock at Liverpool same time last
year, 305, 600; stock of American afloat for
| Great Britain, 100000; stock of American
| afioat for Great Britain same time last
| year, 100000.
TOTAL NET RECEIPTS.
| New York, Nov. 1.-The following are
| the total net receipts of cotton at all
ports since September /, 1901:
| Galveston, $50 bales; New Orleans,
i 532, ,452; Mobile, 56, ,161 Savannah, 373 ,261
| Charleston 1921; Wilmington, 110,079;
Norfolk, 1873, 1856; Baltimore, 11,575; New
York, 25,028; Boston, 1856; Newport
| News, 337; Philadelphia, 1000; Brunswick
| 34,327; Pensacola. 22,971.
WEEKLY BANK STATEMENT.
New York, Nov. Total bank clear
| ings for week ended October 81: $685.
| 1S5 1894; increase, 25.3 per cent. Outside
New York, $3.50, ,59S ,0S7; increase 21.3 pei
| cent.