The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-06-08
WHEAT SBRIGHT OU TLOOK
Trade Greatly Encouraged by Reports
of This Crop.
RAILROAD EARNINGS UNUSUALLY GOOD
The European Grain Crops Are Falling Below
Expectation and Foreign Purchases of
American Grain Continue
Heavy.
CBy the Associated Press)

New York, June r. G. Dun and Com
panys Weekly Review of Trade tomorrow
will say:
The labor situation in many parts of
the country is still seriously unsettled,
and constitutes a reason for hesitation
in some industries, discourlgiDg new op-
erations which satisfactory conditions
would otherwise stimulate. But quick de-
cislon is to be expected in some of these
labor controversies, and in the meantime
trade is encouraged by reports of a salts
factory condition of winter wheat over a
large portion of the country. AS for
spring wheat the crop was put in under
very favorable conditions and there have
been few unsatisfactory reports. Railroad
earnings for May 9.6 per cent in excess
of 1900, and 23.2 per cent over 1899, re-
fleet a continued activity in the country
while at New York bank clearings gain
for the week SOS per cent over 1900 and
59.1 per cent over 1899, with gains at the
leading cities outside of New York of
2T.1 per cent over 1900 and 27.5 per cent
over 1890
THE cessation Of manipulation in corn
contributed to a decline of 81 per cent
in breadstuffs.
Labor controversies have become the
factor of greatest Importance in the lead
ing manufacturing industry. Counting,
perhaps, upon the urgency of orders and
heavy losses which would be sustained
by employers in case of suspension, the
machinists made what were considered
unreasonable demands by employers at
many points, who have taken a determ-
ined stand and announced that the strik-
ers' places will be filed by non union men
on Monday if they fail to resume work
More quiet conditions in the market and
few new contracts make this action possi-
Bile. AS a rule manufacturers have not
sought business beyond July 1st and it
looks as though they had been preparing
for the conflict. Efforts to secure ad-
vauces in grain by exaggerated reports
Of damage to the growing crop have given
place to more rational statements, and
the outlook is generally conceded to be
full of promise. Speculative operations
for a decline however, are far from ag-
gressive; the severe losses of the short
interest thus far this season making
traders extremely cautious. Abundant
production in the United States does not
necessarily mean weak prices, for Euro
pean crops are falling below expectations
and foreign purchases continue heavy.
Shipments of boots and shoes from
Boston continue very large, for the last
week exceeding the same week of 1900
by 10000 cases and since the year opened
forwardings have been over two million
cases, far surprising any previous rec
ord"
COMPARATIVE COTTON STATEMENT.
New York, June For the week end
ing Friday June 7th, 191: Net receipts
at all United States ports during week,
80, ,227 net receipts at all United States
ports during same week last year, 6,095;
total receipts to this date, 1901 ,682; total
receipts to same date last year, 6,S27, ,S54;
exports for the week, 63, ,9O5; exports for
the same week last year, 49, 646; total
exports to this date, 5,SS7 ,999; total ex-
ports to same date last year, 5,416, 157;
stock at all United States ports, 440,356
stock at al United States ports same time
last year, 226, SIS; stock at all interior
towns, 358, 5S4 stock at all interior towns
same time last year 129, 1917; stock at
Liverpool, 749 600; stock at Liverpool same
time last year, 544,000 stock of American
afoat fer Great Britain, 10000; stock of
American afloat for Great Britain same
time last year, 100000
TOTAL NET RECEIPTS.
New York, June THE following are
the total net receipts at all ports since
September 1st 1901:
Galveston, 2,023 3S4 bales; New Orleans.
:, 319, ,162; Mobile, 1913, ,416; Savannah.
], l,O4O, ,053; Charleston, 226.994 Whining
ton, 256922; Norfolk, 393 562; Baltimore,
So, S37; New York, 167 $50; Boston, 191 ,675;
Newport News, 1882; Philadelphia "a,
$50; Brunswick, 90, 448; Port Arthur, 20
5S4; Pensacola, 49, ,575. Total, 7O19,6S2