The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-09-06
FARM PRODUCTS HIGHER
Liberal Receipts of Foreign Fuel Keep
Furnaces Busy.
AGRICULTURAL CONDITIONS LESS GOOD
If The Cfficial Estimate as to Cotton is Not
Exaggerated the Yield Will Mo- be
Large Enough to Sustain
CONSUMPTION.
(By the Associated Press.)
Consumption.

New York, Sept. 5.-R. G. Dun & Com
pany's weekly Review of Trade tomor-
row will say:
STEADY progress is reported in trade
and industry. Distribution of merchan-
disc is heavy and a healthy tone is evil
dent Prices are we'll maintained by lib
eral consumption, which more than
neutralizes the effect of enlarged facili-
ties for production. Domestic conditions
continue much better than those existing
abroad, and home trade receives more at
tention than foreign commerce. Farm
products have appreciated in value owing
to less favorable weather, and producers
will be fully compensated for any de-
crease in quantity by the higher quota
tions. Earnings of railways during Au-
gust were SO per cent larger than a year
ago and 1879 per cent in excess of 1900.
Better deliveries of coke and liberal
receipts Of foreign material have lessen
cd the pressure in the iron and steel in
dustry and the situation is little less
congested while quotations in a few
lines have weakened. Domestic de-
mands are not decreasing, much new
business having been placed, and home
consumption will continue to call for
imports on a large scale. Advancing raw
material aroused much anxiety among
purchasers Of cotton goods and there
were numerous inquiries for forward con-
tracts. but the volume of business was
not materially increased.
Agricultural conditions are less ia
vorable, and if the official estimate as
to cotton is not exaggerated the yield
will not be large enough to sustain con-
sumption at the present rate. Wheat is
coming forward freely, though receipts
do not equal the abnormally heavy move
ment year ago. Corn developed strength
because of fears that injury would be
done by frost, and the movement is very
slow compared with last years fig
rres- ga
COMPARATIVE COTTON STATE
MENT.
New York, Sept. 5.-For the week
ending Friday September 9Th, net re-
ceipts at all United States ports during
week Jos, 40; net receipts at all United
States ports during same week last year
5S,757; total receipts to this date, 90,14S,
total receipts to same date last year
4S,029; exports for the week, "a, no; ex-
ports for same week last year, 6,gS3;
total exports to this date, 81, $40; total
export to same date last year, 42,S4&:
stock at all United States ports, 20,3O5;
stock at all interior towns, 63673; stock
at all interior towns same time last
year 120247: stock at Liverpool, 377 COO
stock at Liverpool same time last year.
$4,000: stock of American afoat for
Great Britain, %, 00O stock of American.
afoat for Great Britain same time last
year. $4,000
TOTAL NET RECEIPTS.
New York Sept. 5.-The following are
the total net receipts of cotton at all
ports since September list:
Galveston, 3O,066 bales; New Orleans,
1906; Mobile, 1924; Savannah, 29,26G;
Charleston, 6,055; Wilmington S,572;
Norfolk, LIS; Baltimore, IS; New York,
80; Boston, IS; Newport News, 397;
Philadelphia, POP; San Francisco, 900,
Total 90.14S bales.
TOTAL BANK CLEARINGS.
New York Sept. 5.-Total bank clear
ings week ended September 4th. 81, $685.,
63O,026. increase 90 per cent.
Outside of New York $4,000, GAS, in
rcease "a per cent.