The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-12
BUT STEEL L.AGS BEHIND
Railway Earnings For June Ahead of
Last Years,
NEW ENGLAND SHOE SHOPS ARE BUSY
Corn the Prominent feature Of the Market For
Markets of Domestic Staple. Export Dr.
d-fs For Cotton Goods Oisappoint-
Ing, Now Labor Disputes.
(By the Associated Press.)

(By the Associated PfeSS.)
New York uly 11-R. G. Dun & Co.'S
We ky review of trade tomorrow will
saw:
Good news predominates, although
unfavorable weather proved drawback
at many points and new labor disputes
arose. There is less than the customary
midsummer idleness in manufacturing
industries. despite the scarcity of fuel.
Commodity prices are fully maintained,
Railway earnings thus far available for
June average go per cent larger than
last years and 20.6 per cent above those
Of 1900.
statistics of pig iron production on
July 1st are somewhat surprising. Ac-
cording to the Iron Age the weekly out
put was at new high record of 352,590
Tons, notwithstanding the shortage of
fuel. In steel the situation is mixed,
heavy lines falling further behind or
ders. while a number of rod, wire and
nail mills in the Pittsburg region have
shut down for the usual vacation.
Structural steel and railway supplies are
so urgently sought where business is be-
ing placed that activity is assured we'll
into 1903.
New England shoe shops are more
fully engaged than at any previous time
this, year. Union Leather is firm, but
domestic buyers are taking but little
hemlock, the best inquiry being for eX-
port Upper leather is active at the
west A large purchase of packer hides
has strengthened the tone at Chicago,
while Texas hides arrive more freely and
concessions are in demand. Export or
ders for cotton goods are still disaPpolnt-
ing and the home demands quiet, yet
mills are we'll occupied. Al the South
there is a disposition to delay spinning
until the new crop begins to move and
this tendency is also reported in Eng
Hand. In woolens the best feature is
the e-order business in heavy weights,
quick delivery being desired.
Corn has again been the prominent
feature of the markets for domestic
staples. Spectators at the West Sc
cured control of the six million bushels
in the visible supply and compelled the
short interests to cover contracts at
dsastrously high prices. Farmers re-
serves are very insignificant, for attrac-
tive prices do not bring out even fair
volume of receipts. Wheat was quiet and
strong, and exports from all parts of
the United States only 2,250,7 bushels,
compared with 4,363,736 bushels year
ago.
Liabilities of commercial failures for
the first week of July amounted TO ST.
57O,35S, of which $4S3. 04S were in manu-
featuring; $636,416 in trading, and $780,,
S94 in other lines.
Eai for tho wnalx numbered 1872 in
the United States, against 20S last year,
and 10 in Canada, against q year ago."
COMPARATIVE COTTON STATE
MENT.
New York, July 11.-For the week end
ing Friday, July 18th, 1902, net receipts
at all United States ports during week,
10,S2S; net receipts at all United States
ports same week last year, 1922; total
receipts to this date, 7494, 493 total re-
ceipts to same date last year, 7,346,875;
exports for the week, %, SOP; exports for
same week last year, 1887; total ex-
ports to this date, 6,39S,S3 total exports
to same date last year, 6,131 1888; stock
at all United States ports, 2S0,S20; stock
at all United States ports same time last
year, 397 ,937; stocks at all interior
towns, 1928; stock at all interior towns
same time last year, 215,S0S; stock at
Liverpool, $4,000; stock at Liverpool
same time last year, 631 900; stock of
American afloat for Great Britain, 10000;
stock of American afloat for Great Brit
ain same time last year, $4,000
TOTAL NET RECEIPTS.
New York. July 1.-THE following are
the total net receipts of cotton at all
ports since September LIST: Galveston,
2,031 6SS bales; New Orleans, 2,23S, O22;
Mobile, 1872 25; Savannah, 1,125'S55
Charleston, 263, 1884; Wilmington, 277, rs;
Norfolk, 449 $50; Baltimore, 1854; New
York, 161 ABB; Boston, 119,42S; Newport
News, %, 400; Philadelphia, 34,127; Bruins
wick, 1872; Fernandina, 1850; Pensa-
cola, 174,1 1874; Port Arthur, 5420S; Port
Townsend, 109, $50; San Francisco, U.s.
1888; Portland, Ore, 1900; Vancouver,