The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-06-29
SITUATION IN DRY
GOODS STRONGER
Few Notably New Features
in Iron and Steel,
EFFECTS OF THE STRIKE
It Has PROFESSIONALLY Hurt This
Line Of Business.
COTTON AND CORN CROPS BACKWARD
An Imp rovemeni in Cor ditions Noted. For The
Week Prices Except For The Leading
Cereals and Cotton Show
Little Change.
(By the Associated Press.)

New York. June 2S.-Bradstreets to-
morrow will say:
Trade, crop and Industrial develop
ments this week have been largely Ia
vorable to temporarily firmer money due
TO July interest disbursement prepara-
tons, and slight financial troubles due to
improper business methods, not detract-
ing from the generally satisfactory and
confident feeling with which the hair
year in business closes.
High temperature have aided the dis
tribution of seasonable goods at retail
and stimulated recorder demands from
wholesalers, although the volume of busl-
ness has been limited by small stocks.
The cotton goods situation has. gained
rather than lost in strength, but the vol
ume of business has been limited by the
fact that sellers are not disposed to COM
nit themselves largely in view OF the
unsettled outlook for raw material prices.
Iron and steel show few notably new
features. The price of Bessemer pig has
been definitely fixed for the third quarter
of the year. and no doubt exists that
heavy business has recently been done.
Foundry pig is rather quiet and on the
whole is not strong. The machinists
strike has unquestionably hurt this line
of business, but this trouble appears to
be subsiding and the settlement of the
tin plate scale, an advance being con-
ceded the workingmen, leads to the ex-
pectation that other branches of the trade
Will reach n like amicable settlement
with their employees.
''Seasonable weather has come to the
aid of the corn plant, and that great
staple has made good progress, although
still undeniaby backward. Cotton crop
prospects have also improved, particular
ly in the South Atlantic States, but show
ers in Texas have not yet put the plant
in that section cut of danger from dry
weather.
For the week prices except for the
leading cereals and cotton show little
change. Early liquidation, due to con-
tinued favorable crop reports, gave way
to a firmer feeling in wheat and corn be-
cause of renewed advices of wide spread
crop impairment in Europe, particularly
in Russia and France. but weakness on
liquidation succeeding, lost all of the
gain.
Failures for the week in the United
States number 1876, against 1873 last week,
1875 in this week a year ago, 158 in 1892
173 in 1898 and 225 in 1897.
Canadian failures for the week num-
Der 90 against rs last week Is in this
week a year ago, 23 in 1899, % in 1898
and 33 in 1897"
COMPARATIVE COTTON STATEMENT.
New York, June 28.-For the week
ending Friday. June 2Sth Net receipts
at all United States ports during week.
.. ainfc at oil fad OF
ports during same week last year, 10,7S2;
total receipts to this date, 1895, 100; total
receipts to same date last year, 6,36S, 1877;
exports for the week. 1858; exports for
same week last year, 3S, 453; total exports
to this date, Goal 94S; total exports to
same date last year. 5.51S,9S4; stock at
all United States ports. 436969; stock at
all United States ports same time last
year, 1863 11S; stock at all interior towns
263 052; stock at all interior towns same
time last year, 107 $685. stock at Liverpool,
6S2 900; stock at Liverpool same time
last year, 453 900: stock of American
afioat for Great Britain, 5000; stock of
American afloat for Great Britain same
time last year. 10000.
TOTAL NET RECEIPTS.
New York, June 2S.-The following
are the total net receipts Of cotton at
all ports. since September 1st 1900
Galveston 2,077107 bales; New Or
leans 2,333,20S; Mobile 130.45S; Savan-
nah 1,953,732; Charleston 22S,6S7; Will
mingtsn 257 ,404; Norfolk 407, 1854 Bal
timore 67,71S; New York 173, 1853; Boston
1874 ,0S7; Newport News 1874; Philadel-
phia $500; Brunswick 101,0 75; Port
Arthur 20,654; Pensacola 123,601. Total
7,265,100.