The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-08-08
Fall Jobbing Opening With
Fine Prospects.
BUT MANY MILLS ARE IDLE
Distribution Of Merchandise is so Heavy That
Railway Equipment is Already Proving ln-
adequate From Farms
Less Favorable.
(By the Associated Press.)


New York, August 7-R. G. Dun and
Company's weekly Review of Trade TO
morrow will say:
Trade advices from nearly every section
continue to show as favorable conditions
as year ago and in many lines the vol
ume of transactions has increased. Job
bers report fall business opening with ex
cellent prospects, and manufacturing
plants are well occupied with the exception
OF cotton mills. Distribution of merchan-
disc is so heavy that railway equipment al
ready proves inadequate, although crops
are not the factor that they will be IN.
few weeks. Earnings for July exceeded
last years by 1927 per cent, and those OF
1901 by 20.2 per cent On the whole. news
from the farms is less favorable, but no
serious curtailment is assured. and MANY
sections make very bright reports de-
cline of 1.5 per cent in the cost of con-
modities during July is evidence that
prices are less inflated, since the change
was mainly in meats and other food which
have been ruling at an abnormal posi-
ton.
mo change is noticed in the attitude of
cotton goods buyers who appear determ-
lned to postpone business until the read
justment of prices for raw material Owing
to the gradual reduction in mill stocks
there rs a similar disposition to delay un-
dertaking new contracts and the result Is
a further addition to the idle machin-
cry.
Tn VlpJ Of ha 80
OF retail prices and the activity in dry
goods trading at many points, it is evi-
denl tthat stocks in other than first
hands were larger than was believed when
the speculative advance began Although
jobbers report bright prospects for fail
trade. it is remarkable that they make
so little effort to secure forward deliveries
There were 17S commercial failures this
week in the United States, against 1876
the corresponding week last year"
MOVEMENT OF COTTON.
New York, August THE following
statistics on the movement of cotton for
the week ending Friday, August 7th, were
compiled by the New York Cotton Ex-
change.
Weekly Movement This Last
Year Year.
Port Receipts ............... 9,142 14,7S1
Overland to Mills and
Canada .................... 689 1921
Southern Mill takings (esti-
mated) .................... 1000 24.245
Brought into sight for the
week .....................13 1881 4O,O47
Total Crop Movement
Port Receipts ......... 7,701,76S 7,550,012
Overland to Mills and
Canada ............. 1,067,91S 1,062,950
Southern Mill takings
(estimated) ......... 1,993,006 1,9O1,O05
Brought into sight
thus far for season. 10, ,762, ,6S6 10,5l3,3c7
COMPARATIVE COTTON STATEMENT.
New York, August For the week end
ing Friday, August 18th, 1903: Net re-
ceipts at all Unitnd States ports
during week, 1888; net receipts
at all United States ports same
week last year, 12OS3; total receipts since
September 1st, 7O1,25S; total receipts to
same date last year, 7,552,405; exports for
the week. 14,555; exports for same week
last year, SO, ,45O; total exports since SEP
tember 1st, 6,515, ,169; total exports same
date last year, 6,514,S16; stock at all
United States ports, 2OS,672; stock at all
United States ports same time last year,
III. 1O9; stock at all interior towns, $685..
stock at all interior towns same time last
year, 54 ,126; stock at Liverpool same time
last year, 537 900: stock Of American afioat
for Great Britain same time last year.
$1,000.
COTTON RECEIPTS.
New York. August THE following are
Charleston. 2O9, ,69S; Wilmington, S25,1Sa;
Norfolk, 500 034; Baltimore, 4S,S97; New
York, 57,45O; Boston, 1861; Newport
the total net receipts of cotton at all ports
since September 1st:
Galveston, 2091 ,140; New Orleans, 2,3O1,-
5S8; Mobile, 214,966; Savannah, 1897 sci:
News, 1883 Philadelphia, 27,O56; Bruins
wick, 1921; Fernandina. 3,1S4; Pells;l-
cola, 136,2O Port Arthur, S666S; Port
Townsend, 1854; San Francisco, 35.447.
Portland, Oregon, 1.541; Ell Paso, 1,5S7;
Eagle Pass, II, ,479; Laredo, 1S,7O9. Total,
|, ,7O1 ,25S bales.
uoucn5 g. n ;ll;r % nannfu Sheriff