The farmer and mechanic., 1903-09-08
COT TON MILLS ARE
NOW AN EXCEPTION
Other Industries in New Eng
land Hum.
TRAFFIC is CONGeSTtD
u p-ofi abb, lo,. P lcss Have HAD ;h~ { = & e
Cur!aiIIns pootoc sou in the sor an Sleel
lncuG'g-8s F41l Trad.
Promised.
gny THE t->s tci rn

>ce York. Scg, 4R - pun q eam
paas NecAiy Ks,4ea 81. rta4e temosso~
viii So
4 striking contrast sgl.ars hru eon
larl>un s ma4v With tae Nug5sEIou4 81
Wtek last H,4g Pace. aeEr tEea tend
ms upward "a maus branches q Ha4-
try uyW business StAe eau.sus foTnasI
Nor, rapidly than i, could be handled auI
III the security market M. record, for
activity aui h.eh rr.ccs were tcug sur-
pa~>ci Latter events hate DEMONSTRATED
that the situation was unhealthy. and
sb,eulatiN, exet-,~r- AaNe ls,n followed IS
reaction aad -vadJu-tueat. Conservatism
htA, then the cNocptun. ii = 0oN III"
ruiC. Prospects Tor tte44y gains and
then maintenance are sIEb41oF 4uArr tar
present system. Legitimate trade N.4t
continue 10 suffer from tlt losses ln spec
ulatIcn ami the hsh r0t,, iog teuuIct
c.ul loans wal initiate against industrial
expansion. hu, ia tho long ruu Erger
degree OF caution should prove h,u.a1.sl
Buyers are stll coming So ihe ls4dlnG
markets m great number aud testify -
The round condition of hasin,s, at ,hc
interior Manufacturing plant arc bu-y
throughout Kew England. aside from .o}
ton mills. and there j. notable activity in
] poets for large fan retail trade ale
bIight everywhere Already There j. irat-
+ fc congestion at several points. despite
4 the fact thai crops have only just be-
gun To move, and railway carnlngt in
August show gains OF 9.3 per cent over
4 last year and IL per cent over 1901
Unproftably low prices have mad the "i.
I feet OF curtulng production III tho IRON
and steel industry. More machinery VIII
4 Lt idle next week at the cotton mlts.
the new crop Of raw material coming
+ forward very slowly and available stocks
being held at prohbltyc prices. Buyer
I Of cotton goods ia the primary market
i still adhere rigIdly to the policy oi Gov
erng only immediate requirements. but
there IS a perccptblc increase III the
volume OF business.
Failures this week are Isl. against
$50 the corresponding week last year
T COMPARATIVE COTTON STATEMENT.
New York, Sept. 4.-For the week end
ing Friday, September 4. 1903. Set re.
| ceipts at all l.. 5. ports during week
.496; net receipts AT all L. :. ports same
week last year 109 40, total receipts SINCE
September lst 4 23i; total receipt. to same
date last year 9014S; exports for the
week 5107; exports Tor same week last
wear 3i770; total exports since Scptcm-
Der 1st 1853; total exports same date last
wear 32370; stock al all United state
ports 14S,020; stock at all United states
ports same time last year 203 o11; -oek
at all interior towns G,S17. stock at all
interior towns same time last year 63.6t3,
stock at Liverpool same time last year
81 600; stock OF American anoat for
Great Britain same time last year 2-,Vuo.
COTTON RECEIPTS.
New York, Sept. 4.-The following are
the total net receipts Of cotton at al
ports since September list: Galveston
953; New Orleans 23S; Mobile 229, SaYan-
nah 23S6; Charleston 1872; Wilmington 81.
Norfolk 81; Baltimore 10; Boston IL
Philadelphia 100. Total 1924 bales.
MOVEMENT OF COTTON.
New York, Sept. 4.-Thc following sta
tistics on the movement Of cotton Tor th'
week ending Friday, September An, "eT'
compiled by the New York Cotton TX
change: