The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
TRADE IS ACTIVE:
And the Future is Bright
With Promise.
Supplies Of Cotton Do Not Accumulate in First
Hands, D(mand Keeping Place
With Supply.
(By the Associated Press.)

New York. Oct. 3.-R. G. Dunn and
Company's Weekly Review of Trade to-
morrow will say:
Distribution of merchandise shows no
diminution, and prospects are bright for
continued activity. Dealers in many
lines are urgent for prompt shipments,
calling on jobbers and manufacturers for
goods already over due This indication
of reduced stocks is a good sign, and the
ends to sustain quotations. Western re-
ports are especially favorable, but early
marketing of cotton has brought distinct
Improvement at the South. Railway
earnings thus far reported for September
exceed last years by 9.4 per cent.
Supplies of cotton goods do not ac-
cumulate in first hands, the demand
seeming to keep pace with production.
which holds prices steady. Few export
sales are reported, not through any lack
of inquiries, but owing to the fact that
sellers will make no concessions.
strictly commercial failures in the
United States during the first nine
months of 1902 numbered S,676, with de-
faulted liabilities of $50, ,407 400. Last
year there were 8 083 failures for $780,
$50, ,852 In addition there were AZ fail
ures of banks and other financial insti-
tutions with liabilities of 8,027, 1885,
against 81 in 1901 involving ST. ,295,554.
While the exhibit Is less satisfactory
than last year s, only one other year dur
ing the past two decades made as favor
able a showing"
(Note: Failures for the week not re-
ported)
COMPARATIVE COTTON STATE
MENT.
New York Oct. 9-For the week end
ing Friday, October 3rd., net receipts at
all United States ports during week
9O6, ,418; net receipts at all United States
ports during same week last year, 21S,-
512; total receipts to this date, 1,028, 746;
total receipts to same date last year,
5S1, ,236: exports for the week, 304,513; ex-
ports for same week last year, 175, 776;
total exports to this date, 710,24S: total
exports to same date last year 408, ,622:
stocks at all United States ports, 371,619;
stock at all United States ports same
time last year, 328, ,701; stock at all in
terror towns, 236 ,446; stock at all interior
towns same time last year, 246 7O4; stock
at Liverpool 25S,0O0; stock at Liverpool
same time ldSI year, ZGO,OUOy 0IONh VI
American afloat for Great Britain 1884,,
600: stock of American afoat for Great
Britain same time last year, 63,000
TOTAL NET RECEIPTS.
New York, Oct S-The following are
the total net receipts of cotton at all
ports since September 1st:
Galveston, 357,474 bales; New Orleans,
1913, ,353; Mobile, 20, ,479; Savannah, 225,465;
Charleston, 65,486; Wilmington, 89,7O6;
Norfolk. 48,2O6; Baltimore, 1,342; New
York, 1.484; Boston. 1O7; Newport News
3.46O; Philadelphia, 1,4S9; Brunswick.
1928; Pensacola, 1896; Port Townsend.
1892; San Francisco, $500; Portland
(Ore.), 200. Total, 1,028, TAG bales.
TOTAL BANK CLEARINGS.
(By the Associated Press.)
New York, Oct 9-Total bank clear
ings week ended today, $2715,919, $40, in
crease 26.7 per cent.
Outside of New York city 1914, ,632, ,044,
| increase SIS per cent.