The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-07-11
Brighter Agricultural Pros
poets Make Things Hum.
COTTONS ARE NOT IN STEP
A Revival of Normal Ac ivity at thel
Expected When the Material
Reaches a Less h fat
tdleveI.
(By The Associated Press }

New York, July 10.-R. G. Dun & Com
panys weekly review of trade tomorrow
will say
Business again responds to improved
conditions. Retail distribution of mer-
chandise is accelerated by more season
able weather and fewer labor controyer-
sizes, while wholesale and jobbing trade,
especially at the interior, shows the en-
couraging effect of brighter agricultural
prospects. There is the customary ex-
cessive demand for farm hands Advces
OF holiday traffic and holiday trade re
port no diminution in purchasing power
and seml-annual inventories show a more
gratifying situation than expected. There
is less than the usual midsummer idle
ness in manufacturing except in the cot
ton industry. Commodity prices advanced
slightly during June IN number, on July
being 9456, compared with $98,636
month earlier. decline of "a per cent
is recorde.. n comparison with July. 1902.
chiefly in articles of food Railway earn
ngs for June are 13.1 per cent larger
than last year and 25.3 in excess of
1901.
''Violent changes in quotations of raw
material are never good for business in
finisher products so that as yet the cot
ton goods manufacture shows no improve
ment in response to the fluctuations at
the cotton exchanges. But it is certain
that there will ultimately come revival
OF activity at the mills when the material
reaches less inflated level at which
goods can be manufactured with profit
Meanwhile, stocks of goods in dealers
hands haze fallen low and sellers are
insisting on generally higher prices than
they did a week ago.
Failures this week numbered 1874 in
the United States, against 1873 last year.
COTTON RECEIPTS.
New York, July 1O-The following are
the total net receipts of cotton at all
ports since September 1st.
Galveston, 2.O91 ,s19; New Orleans.
1922, ,466; Mobile, 214,060; Savannah.
1924 ,119; Charleston, 2O9 627; Wilmington,
S25. .O2S; Norfolk, sos. .773; Baltimore. 47,515;
New York. 57,031; Boston, 9S,297; New
port News, 1853; Philadelphia. 26,3S9:
Brunswick, 1927; Fernandina. 3.134:
Pensacola. 136, ,104; Port Arthur, S6,663;
Port Townsend, 1854; San Francisco,
81, 5,447; Portland, Ore, 1,541; klPaso, 1887;
Eagle Pass, 12,479; Laredo, 1S, 709. Total,
1878, ,242 bales.
COMPARATIVE COTTON STATEMENT.
New York, July 1O.--For the week end
ing Friday, July 10, 1903: Net receipts at
all United States ports during week, A.
697; net receipts at all United States ports
same week last year, 1O82S; total receipts
since September 1st, 7,67S,242; total re-
ceipts to same date last year. 7.494 493;
exports for the week. 13 486: exports for
some week last year, 2S,5O2; total exports
since September 1st, 6459.0SS total ex-
ports same date last year, 6,S9S S3S; stock
at all United States ports, 245, ,O97 stock
at all United States ports same time last
year, 2S0 $40; stock at all interior towns,
Is, ,439; stock at all interior towns same
time last year. 94.233; stock at Liverpool
same time last year, $4,000; stock Of
American afioat for Great Britain same
time last year, 10000.