The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-01-11

NKw YoRK. Jan. fer. G.. Dun &c
Co. g weekly review of trade:
me year opens with the cxpcc sed i'm
provemont in tho money market and in
collection. resulting from annual dis
bursemcnts, which havo been layrrer.
than usual. The hopeful feeling An
most branches OF trade continues also.
and tho railroad outlook is improved.
But in spite Of this there has been sucb-
selling OF securities on foreign account
that exchange has advances from 4s4x
last week to 4SG1<. The Legislative
prospect is regarded by many with ap-
prehenslon and the situation in iron ond
cotton industries is not satisfactory.
trlces OF some products in both have
pcen reduced, and many works have
stopped for the time
The curtailment OF credits, which
monetary uncertainty causes, is there
fore severely felt in these as in other
branches Of business. 1t is becoming
clearer every day that tho one great OBJ
stacle is the fear that tho debasemens
OF the dollar may produce violent CON-
ments, collapse of credits, and q dig
aster which will be felt in every branch
of trade and industry Tho iron and
steel manufacture has been so rapidly
extended that shrinkage credits hap
forced sales, in many cases, at prices.
below cost. Hence works producing
rails and other finished products are
now idle, whose monthly consumption
OF pig iron is estimated at $50, 600 tons
The sales OF Southern iron at very
low prices have been sorely felt in the
central region, and twenty three fur
naccs in tho hahoning and Chenango
Valleys, producing $1,000 tons per
month, have stopped or contracted to
close on or about January 10, until bet
ter terms for orc and coke can be So
cured. But coke workers threaten to
strike for higher wages ut tho same
time, and u strike OF Alabama furnace
workers has stopped many works, SO that
the decrease in product lion is supposed
to be fully 10000 tons monthly. Rail
producers have come to no agreemont,
and $3.50 is named as IL price which
would be accepted by some, while bar
producers arc soarching for orders and
thoro is littlo business in plato or
structural iron. On the whole the pros
poet is considotca less bright than it has
SSNh ioi JtLtS III NllS luuuStry.
In the cotton manufacture also the
shrinkage If credits has severely
strained many concerns, and prices OF
goods hGrc been very low but further
reductions havo been made during tho
past week in blcached c1ttons. The
WOODEN manufacturer is doing fairly,
though extending but modcratcly and
buying wool with caution. They get in
the main only last years prices for
goods, and wool has fallen about two
cents per pound since November In tho
boot and shoe manufacture tho outlook
Is regarded "a especially favorable.
Reports of trade from. different cities
arc still much influenced by reviews OF
last years great size, but generally in
dictate \ largo volume OF traffic in pro-
gross for the season, marked improve
mcnt since monetary pressure abatad. At
rhiladclphia the leather and shoe trades
arc dull and retail purchases conhed TO
evening; up sizes; wool in little demand;
torquois, paper and chemicals quiet,
some uncasiness is seen regarding obli-
CATIONS III tobacco, but better oollcc lions
III paints. Highcrcotton, greater aotiv-
ity iii the South, sugar and rios ro-
ceipts ut Now Orleans arc good and, as
- sample of new enterprises in tho that
section, 1t Is mentioned that the people
OF Austin have voted 4 tax of 81, 400, 900
to construct ~ dam across the Colorado
FOR industrial purposes.
Tho money markets throughout tho
country arc less stringent and reports OF
collections moro + vorable. Speculative
operations continue wholescmely mac
tive. Foreign trade continues favorable
In exports, showinga large gain over last
year, while there is some decrease in
imports The weeks failures number
80. For the corresponding wick OF last
year the figures were 33l.