The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-08-30
A SHARP RISE IN COTTON
Other Farm Products Now Tend to
Drift Downward.
RAILWAY EARNINGS ARE FLATTERING
Wheat Lower on Good Weather and Large Re-
ceipts. Beef Cattle Fill Markets and
Prices Rtcede. PrimeCattIs
Bring Full Values.
Bring Full Values.
(By the Associated Press.)

New York, Aug. 29.-Bradstreet's to-
morrow will say:
August closes with iobbing activity
apparently at it's height in the Northern
half of the country, and the total volume
of the months operations probably in
excess of any similar period in previous
years. Actively instrumental in bringing
about this result are the continued good
crop prospects. At the South the an
nual diminution of cotton crop conditions
has developed as the result of hot, dry
weather in the southern half of the belt.
Added to this is much reported damage
from insects in Texas. Prices reflect the
diverse reports from the different sec
tions. wheat being lower on good weather
and large receipts (much of them below
grade) and lower cables. while cotton
has sharply advanced and the margin be-
tween old and new crop deliveries has
narrowed as the season of 1901'02 draws
to a close. other farm product tends to
drift downward. Corn is lower on good
weather, but good export business has
developed. Beef cattle receipts arc
heavy and stockers and feeders are low
er at wholesale while retail prices are
expected to follow Prime cattle are,
however, reported bringing full prices.
Produce receipts are very large, but
prices are on the whole quite strong.
Railway earnings thus far in August
are fiattering, being six per cent larger
than a year ago.
'At the East dry goods jobbing is quiet
at New York, and cotton goods are in
rather better tone. aided materially by
the strength of cotton.
Business failures for the week number
140, as against 1SS last year"
COMPARATIVE COTTON STATE
MENT.
New York, Aug. 9.-For the week end
ing Friday, August Goth, net receipts
at all United States ports during week.
60,004: net receipts at all United States
ports same week last year, 51,S16 total
receipts to this date, 1854 ,82S; total re-
ceipts to same date last year, 1884 907;
exports for the week, 3735S; exports for
same week last year 1859; total eX-
ports to this date, 6,604,S37: total ex
ports same date last year. 143S1S: stock
at all United States ports same time last
year, 234, 760; stock at all interior towns,
53,64S; stock at all interior towns same
time last year, 124 .920: stock at Liver
pool, 436 000;- stock at Liverpool same
time last year, 396, 900; stock of American
af1oat for Great Britain, $4,000; stock of
American afioat fer Great Britain same
time last year, $4,000
TOTAL NET RECEIPTS.
New York, Aug. 29-The following are
the total net receipts of cotton at all
ports since September 1st:
Galveston, 2OS3,27S bales; New Or
leans, 2,271 .469; Mobile, 115, ,102; Savan-
nah, 115S,256 Charleston, 275,242; Will
mington, $50, ,655; Norfolk, 459,S76; Balti-
more, 1O1.001; New York, 161 964; BOs-
ton, 116,776; Newport News, 2S,097
Philadelphia, 36,175; Brunswick, 3,76S
Fernandina, 1850; Pensacola, us, 1872;
Port Arthur, 54,2O7; Port Townsend,
113061; San Francisco, 3O,S25; Portland,
(Oregon) H,42O; Vancouver, (B CO. 2,554
Ell Paso, (Texas) LAO; Eagle Pass,
(Texas) 2,710; Laredo, (Texas) 1910.
Total, 1854, 1928 bales
TOTAL BANK CLEARINGS.
New York, Aug. 29.-Total bank clear
ings week ended August 2Sth, $2052, ,3O6,-
S3S; increase 16.7 per cent; outside of
New York city $677, ,O75, ,13S; increase As
per cent.