The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-08-24
THE TIDE OF TRADE
IS NOW ROLLING IN
indications of Enlarged Bust
ness Multiply.
ALL THE CROPS IMPROVE
The handspring of More Cheerful Ad-
vices From the West.
THE STRENGTH OF COTTON A FACTOR
Prices Except For Stme lrreg1ariiy in Cereals
paye Been Generally Quite Steady. Print
Cloths Firmly Held. Little Charge
in Iron and Steel
(By the Associated Press.) }


New York, August 23.-Bradstreet's to-
morrow will say:
Evidence mutiplies that the tide of
trade has turned and that it is now
setting strongly in the direction of an
enlarged business at steady or higher
prices. Crop improvement, particularly
in the Central West and the Mississippi
Valley, has been the handspring of the
more cheerful tone of adviceS and en-
larged fall trade operations at such cities
as Chicago, St Louis and Kansas City.
Even from the so-called drought stricken
corn belt come advices Of quite salts
factory business, in some instances re-
ports being of larger jobbing trade than
in the corresponding period CT a year
ago The notable strength in cotton, how
ever, on real or assumed crop damage, is
the active feature in the betterment in
Southern trade advices. The great East
ern centres distribution is going forward
in a s good if not better volume than a
year ago. Prices, except for some irreg
ularity in the cereals, have been generally
quite steady. Wheat was weak early on
increased supplies afloat, enlarged re-
ceipts at the Northwest and technical
market conditions favoring a decline, but
strengthened later on continued poor crop
reports from abroad, fairly large clear
ances, although not equal to last week
and general confidence in present or better
prices being maintained. Corn has SYM
pathiZed largely with wheat, though
weakening on it's own account on better
crop advices from the States east of the
Mississippi and timely rains have fallen.
Net changes for the week, have lkesn
small, however. Cotton goods have been
irregular but it is to be noted that the
talk of reduction in wages and a conSe-
quent strike in Fall It:7er has been
practically abandoned, and the close of
the week finds print cloths firmly held
while other cotton goods are quite steady
though not active at first hands.
Iron and steel show little change, ac-
cessions to the strikers in the case of the
leading tube works of the country having
been balanced by the re-opening of Stuck
mills in the Pittsburg district. Tin Plates
and sheets are scarce and hard to get.
and an order for so 900 boxes at 81 per box
was refused this week at Pittsburg. Chi
cago iron and steel jobbers are reported
besieged by buyers Some Western con-
sumers may have to shut down if sup
plies are not shortly forthcoming. Bust
ness troubles show no increase, the fail
ures for the week numbering 162, as
against 135 in this week year ago.
Canadian failures for the week num-
ber "a, as against 20 in this week
year ago."
COMPARATIVE COTTON STATEMENT.
New York, August 23.-For the week
ending Friday, August 23rd, 1901: Net
receipts at all United States ports during
week, 1929; net receipts at all United
States ports same time last year, 1898;
total receipts to this date, 7,4S3091; to-
tai receipts same date last year. 6,507,-
O50; exports for the week, 25,147; exports
for same week last year, 1868; total ex
ports to this date, 6.977 ,352; total re-
ceiptS same date last year. 5,756, ,176;
stock at all United States ports, 253, ,604;
stock at all United States ports same
time last year, SO, 173; stock at all in
terror towns, 130,55S; stock at all in
terror towns same time last year, 81, 1893;
stock at Liverpool, 446, 600; stock at Liver
pool same time last year, SOC, 900; stock
of American afloat for Great Britain, 24,-
000 stock Of American afioat for Great
Britain same time last year, 5000.
TOTAL NET RECEIPTS.
New York, August 23.-The following
are the total net receipts of cotton at
all United States ports since Septem-
ber 1st, 1900:
Galveston, 2137,955 bales; New Orleans,
2,443, S19 Mobile, 131, ,179; Savannah, L.
O76,743 Charleston, 232 1888; Wilmington,
25S, ,431; Norfolk, 43O, 500; Baltimore, r.
623; New York, 196,9S5; Boston, 1877, ,236;
Newport News, PLOT; Philadelphia, 27,-
939; Brunswick, 101, ,231; Port Arthur and
Sabine Pass. 2O,654; Pensacola, 1S4,O15.
Total, 7,4S3, ,091 bales.
TOTAL BANK CLEARINGS.
New York, August 23.-The total bank
clearings for the week ended August
22nd, 1901, were s1,70S, 422, ,662; increase
34.7 per cent.
Outside of New York $677, ,S5S ,637; in
crease 23.9 per cent.