The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-08-14

can prospects hF.s".s'
crop :, increasing for Our Surplus-De-
"'" s,o, in Great Industries Not Per-
mancnt
yosx. Aug. l3.--R. G. Dun 4 Co.'S
-, rcy;cw of trade says that with
'' .ss in many lines disappointinsly
' y ,Ac feeling of confidence neverthc-
'''' ,..;,ctly increases. Its basis is that
= =, crop prospects are clearer and
'.,,,cr While the prospects of foreign
nd for American grain expand with
wcek's news. Unless many con-
.;,. reports. official and unofficial, are
-. :, error. The Russian crops have
g.. f.;lrd that the exports from that
-, uust he small. while the require
..,ts Of England, Franco and Germany
a., I've unusually large, hence the very
,.,, movement OF wheat for the season,
-. ,.cri,ts a, Western points exceeding
an, osN, bushels every day, depresses the
I'm, little. The belief increases
-, tho country will be able to sell snch
$40, ouaniitics of grain abroad and to
,.,u 50 heavily upon foreign supplies
r,D;ral thu, all the home industries will
he greatly stimulated.
cotton reports are also most favorable
,hc who'll. and corn is making excel
len, progress with an enormous acreage.
Monetary difficulties are still iii the tu-
...a for though at some Southern points
,he markets are light, the supplies at
Western ccntcrs are adequate for legiti-
mare business and mere speculation gets
less help than usual.
THE depression in some industries con-
,;pues and is real, but may be traced to
causes obviously not permanent. Thus
tbe non manufactured is much set back
,y the inability of the railroads to make
purchases because they fail to negotiate
securities, but when large crops and prof
table business have placed the compan-
les in 4 stronger position, they will be
allie to buy freely again. The cotton
manufacture. though retarded by the cx
traordinary fall in the price OF cotton,
aud the consequent losses on goods made
from material purchased early in the past
wear. sal! auds fairly large demand, aud
at soue reduction i4 prices most goods
are mo.inS freely.
Beachcd goods are lower and print
cloths dull at 81 cents, but ample sup
plies of cheap material promise healthy
business hereafter.
Wool manufacture is distinctly improv-
inc and the sales of wool at Baston rise
TO 6,Is6,000 pounds. the sales there, at
PHILADELPHIA and New York since Jan. |,
being AS 900 600 pounds, against 1885,
uO0,0o0 pounds last year to the same date.
Reports from other cities reflect Il grow
ing confidence in the future. At Boston
the trade in merchandise increases and is
very good for boots and shoes, with the
factories well employed. and Western and
Southern reports quite favorable.
At Pi,tsburg manufactured iron is fair
~ active and the glass trade good, but
collections are rather slow.
Chicago feels the effects OF the great
crops distinctly, wheat receipts being
svyeDfold last years, rye fvefold, barley,
tyqioll, Yool nearly double, and in corn,
beef. batter agd hides some increase APP
pears as also il al! sorts of wool. Sales
of clothing and shoes are larger than ever
before at this season, and in all lines col
cc,ions are satisfactory.
At other Western points, crop pros
poets are ssalmost everywhere mentioned
as unsurpassed and at ST. Louis the de-
mand for money in the interior towns
grows more pressing and commercial hor-
rower> are held closely to their needs.
AT Minneapolis, st. Aaul, Omaha, and
Kansas City, trade is generally good. At
Louisville and Nashville it is improving.
At Montgomery, the demand for goods is
fair bgi CREDITS arg very conservative. AT
Memphis and Savannah the reports OF
trade are less favorable and mt Jackson
vile business is very dull. Unfavorable
weather has strengthened cotton at New
Orleans, and the demand for sugar is good,
with rice strong, and money in good de-
mand but with supplies ample for legt!-
mate trade
The prices of commodities are down,
and for the first time this year the general
level Is lower than year ago, having de-
cllned and per cent the past week.
Wheat has risen "a of cent with
the exports greatly exceeding last year,
AND enormous Western receipts make the
constantly repeated assertions that the
ailIancs CAP hold hack wheat appear
ridiculous Western estimates, not US
aaily extreme, nov aloH from 0O,Ga01
bushels upward for the crop, while even
more moderate eastern estimates make
2ooOoO, 900 bushels for export. Corn is
i. cents higher. Coffee IN cent and oil
cent lower.
The financial prospects have not
changed and though money on call is
cheap commercial loans are made with
caution. Large failures have occurred,
"u' none threatening financial distur-
lance he tone abroad is less strained
anu 'he Bank of France has gained gold
*'Se'y' hut Il pressure in Europe must
ts'a'i II HE needs for breadstufis are as
lafse % y supposed. Foreign imports of
n mv'SaaAa'ss N New York in July fell 10
per cent below lust year, while the ex-
ports largely increased.
me demand for money to move the
s'oIs begins 10 be felt by many banks,
, ,p during the week the treasury has
, ,%Nva IN from circulation 100000 more
sa4', !, mas paid out. Foreign exchange
t rII '"I'e" from 1861. to 1861, and some
g., ., gold imports is now heard.
81. w. business failures occurring through
p pp' lHp country during the past week
s y foa the United States 2O7, Canada
0A 'o'ai OF 2ai, against PAT last week.