The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-25
SOME STRIKES SETTLED
The Future For Iron and Steel
Seems Bright.
WINTER WHEAT IS NOW PROMISING
Speculation in May Corn Has Quieted d Down
But the General Level Of Prices For
This Cereal Continues Far
kb We Normal.
CBy the Associated Press.)


New York, May 24.-R. G. Dunn and
Company's Weekly Review of Trade
tomorrow will say:
THE situation is the cloud lowering
over the business world but the diff
ticulties are not sufficiently widespread
at present to seriously interfere with
the progress of manufacture and dis
tributiOn. Some settlements of strikes
have been effected during the week
and others seem probabl at an early
date. Meanwhile prices hold firm, the
capacity of production plants in the
leading industries is well employed and
crop adviceS are satisfactory.
"A feeling of confidence in the per-
manence of values appears to have set
tied in all divisions of the iron and
steel manufacture. TO this may be
attributed the decrease in orders for
distant delivery, purchasers merely
contracting for their requirements from
one to two months in advance. Tran
guilty regarding the future is un-
doubtedly due to the action Of the large
combination, which made no effort to
secure eXorbitant prices but mani
tests an intention to maintain quota
tions at the current level.
Although slightly smaller than i'm
the two preceding phenomenal weeks
shipments of boots and shoes from the
East were more than one hundred
thousand cases, and far in excess of the
same week in earlier years.
Textile fabrics still exhibit the least
animation and conditions at Fall River
cotton mills are far from encouraging.
further reduction in time and possibly
in wages being under discussion.
Correspondents report the winter
wheat outlook steadily improving and
there is every reason to anticipate an
abundant harvest.
Speculation in May corn has quieted
down, but the general level of this ce-
real continues far above normal prices.
Comparative quiet prevails as to cotton
Receipts continue liberal, spinners are
buying little and there is a steady inn
provement in reports of the current
crops condition.
Failures for the week numbered $50
in the United States against 1856 last
year and p in Canada against 20 last
year"
COMPARATIVE COTTON STATEMENT.
New York, May 24.-For the week end
ing Friday May oath 1901: Net receipts
at all United States ports during week.
54,9O6; net receipts at all United States
ports during same week last year. 30 ,764;
total receipts to this date, 6 1888 ,55S; total
receipts to same date last year, 6,299 ,0S1
exports fer the week, 80 176: exports for
same week last year, n 526; total ex-
ports to this date, 5,776, 1872; total exports
to same date last year 5,342, ,O10; stock
at all United States ports, 462 ,467 stock
at all United States ports same time last
year, 277 263; stock at all interior towns,
406, SAT; stock at all interior towns same
time last year, 156, 954; stock at Liver
pool 100000; stock at Liverpool same
time last year, $4,000; stock of American
ahoat for Great Britain 99, 1000; stock Of
American afioat for Great Britain same
time last year, $4,000.
Total NET RECEIPTS.
New York May 24.-The following are
the total net receipts of cotton at all
ports since September 1st, 1900:
Galveston, 1,976.O83 bales; New Orleans,
2,2SS,75S; Mobile, 128,7s5; Savannah,
1,C2977O; Charleston, 217 1860; Whining
ton, 256, 500; Norfolk. 3S3 191; Baltimore,
62, ATT; New York 1854 725; Boston, 189, ,9O4;
Newport News 1891; Philadelphia 3d.,
61O; Brunswick, 92,448; Port Arthur 2O,
654; Pensacola, 134 312. Total, 69S8 558