The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-09-27
rnE comMnncIAL ourlooK,
II. G. Dun's Report Shows Increase of
Exports and General liquidation.

II. q. Dun's Report Shows Increase of
Exports and General liquidation.
NEW YORK, Sept. 20 Especial 1.-The
Weekly Review OF r. G. Dun &c Co.
says: Liquidation in nearly all kinds OF
speculations comes to the disappoint-
mont OF many, in connection with
largely increased supplies of money, and
prepares the way for healthier trade in
all Legitimate branches. The Treasury
disbursements for bonds and silver, and
prepayment of interest, have reduced it's
balances by nearly thirty millions; but
the enormous supply of currency has
not as yet inflated the prices at all.
The local rate for money on call has
declined from 4 to 3 per cent, and an
easier market is reported Mt Boston,
Philadelphia and Chicago, but the great
foreign banks continue to lose gold.
England and France reporting loss of
S4,6O0,000 for the week. With lower
prices there appears tho desired i'm
provement in exports of products and
the decrease for the past three weeks
is now only 4.7per cent. comparing with
last year.
Imports are much enlarged by tho cf-
fort to get goods into the country before
the new tariff goes into effect: but cur
rent accounts of such increase are cxag-
geratcd. Tho value of all imports for
three weeks has been but l5l5 per cent.
above last years record. a considerable
increase appears in woolens, linens.
silks, and other dry goods; but there is
f1i
ports will now exceed in value the i'm
ports for the month.
Grain does not move freely as vet. but
exports of cotton exceed last years ma
tcrially, and provisions move in the
largest quantities. Reports from other
cities show remarkable activity in all
branches of legitimate trade.
The excess of bank clearings over
those of the corresponding weeks last
year in all cities outside of New York
rises to l6 per cent. for the month thus
far, and at Western and Southern points
the gain averages about 2S per cent.
Though money is very active ut most
points and rather stringent at many.
the volume of business does not seem TO
be anywhere curtailed thereby and re-
ports as to collections are much more
favorable than usual.
Great industries are decidedly active
Wool manufactures having especially
improved with much more satisfactory
orders. Cotton manufacture is sustained
by large demand for goods and in
numerous minor industries the expected
change of duties is said to be the basis
for greater activity. Iron is firmer at
Philadelphia and is not much pressed
for sale here, though some Chicago sales
in this region are reported. but the de-
mand for bar iron increases with an adj
vance in price, and plate and structural
mills arc crowded, though steel rails are
still inactive.
There has been much liquidation in
stocks without serious decline in prices
or any excitement. Speculation in the
sugar trust is made to turn ostensibly
on various reports about the coming
tariff, but railroad rates are not well
maintained and the associations find it
practically impossible to sustain them
selves in view of the sort of competition
which the Interstate act causes.
great factor in the stock market is
the realization that a partial failure of
crops must mean, sooner or later.
smaller and less profitable traffic for a
time. But the increase in the volume
of other business is surprising and tends
strongly to sustain hopes of holders.
Business failures of the week number
for the United States 1872, against 1863 for
the same week last year.