The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-11-15
The DEMAND IS IN
EXCESS OF SUPPLY
Manufacturing and Trasport-
ing Interests Behind.
EXPORT TRADE is DULL
Prospects for Continued Activity in Business are
Bright Because of the Unprecedented
Harvests---Preparing for a Large
Holiday Trade.
(By the Associated Press.l

(By the Associated PreSS,J
New York, Nov. AR. G. Dun & Co.'s
Weekly Review of Trade, tomorrow, will
say:
Lower prices of railway stocks than
at any time since last March do not
necessarily indicate loss of traffic nor a
set back in business. On the contrary,
coincident with the collapse of the stock
market, there were numerous evidences
that manufacturing and transporting in
terests have not sufficient facilities to
meet demands, although plants and
equipment are now of greater efficiency
than at any previous time. Distribution
of merchandise is fully maintained prep
arations being made for a heavy holiday
trade, and frequent complaints of tardy
deliveries testify to the heavy consump-
ton. Prospects for continued activity
are bright, because of the unprecedented
harvestS, prosperity in the agricultural
sections assuring a good demand for
other products. Threatened labor con-
troversies have been averted, in some
cases wages being advanced while a
number of increases were voluntarily
given. Railway earnings continue to ad-
vance, the first week of November, show
ing rise of As per cent over 1901 and
1872 per cent over 1900. High tempera-
ture retards retail trade in seasonable
goods. Aside from the expected decline
in prices of pipes and tubes, there has
been no evidence of weakness in the
iron and steel trade and all the recent
concessions, were caused by competition
of new plants rather than diminished
business Many purchasers are delaying
orders, however, in the hope that the
market will go lower in other depart
ments, but there is abnormal support in
the light movement of coke. Rail mills
are fully booked up to next September.
Limited supplies in first hands with
jobbers have sustained cotton goods, de-
spite the sharp decline in the raw ma
terial Export trade is dull Chinese
business showing the effect of the break
in silver. but foreign orders are in the
market and could be secured by slight
concessions.
Failures for the week numbered 241,
against 215 last year"
COMPARATIVE COTTON STATEMENT.
New York, Nov. 14.-For the week end
ing Friday, November IA: Net receipts
at all United States ports during week
344, $50; net receipts at all United States
ports same week last year. 327 100; to-
tai receipts since September 1st, 2,934,944;
total receipts to same date last year,
2,726,5 26; exports for the week, 1876, 554;
exports for same week last year, 229 ,429;
total exports since September LIST, 1885,
$40; total exports same date last year,
!, 1926 644; stock at all United States ports,
S29, 1896; stock at all United States ports
same time last year, 1872, 800; stock at all
interior towns, 1850; stock at all in
terror towns same time last year, $40, 0Sf3
stock at Liverpool $4,000; stock at
Liverpool same time last year, 291, 000
stock of American afoat for Great
Britain, 100000 stock of American
afloat for Great Britain same time last
year, 452. 900.
WEEKLY COTTON MOVEMENTS.
New York. Nov. lathe following
statistics on the movement of cotton for
the week ending, November IA, 1902,
were compiled by the New York Cotton
Exchange: