The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-03-06
CONDITION OF TRADE.
The Condition not so Favorable as Last
Week but by no Means Bad.

New YORK, March 4.-R. G.. Dun d
Co.'s Weekly Review Of Trade says: There
is not much change in the condition of
trade, but there is little more dizziness
in the south and northwest, with little
more stringcncy in money markets and
complaints about the slowncss of collcc-
tions in general. Business is still waiting,
though there is no chance of monetary
| legislation at this session, and the chan
ccs of an extra session of Congress seem
to be rather greater than before, and
pending legislation in several western
legislatures regarding loans, mortgages,
land titles and railroads, causes much
timidity and shifting of capital. But a
larger cause is undoubtedly the possible
loss Of crops, which has left Il great many
farmers without means for the usual pur-
chascs.
At the same time, the collapse of the
real estate "boom," which so wildly in
natcd the prices throughout the West and
South. has affected business more than
has vet been realized. To This influence
is added at the South the extremely low
price of cotton, which affects the farmers
more because 50 many of them tried, by
holding back their crop to force higher
level of prices. Thus hardness Of collec-
tions begin to appear, because the local
debtors do not realize on their goods as
promptly as they expected.
At Philadelphia there are tolcrably good
collections i'll clothing ard dry goods, but
Door in jcwclrv, and extremely poor in
paints The money market although gen.
orally called easy, gives signs OF q steady
approach to stringencv. Southern re-
ports generally note fair demand, but
no improvement in trade, while the north
western reports are on the whole less ia
vorablc than before. Business at eastern
cities has been irregular. The wool trade
is strong by comparative scarcity, and the
prices OF some grades are higher.
The dry goods manufacture mas appar-
emily gained most. and next the manutac-
ture of goods. The continuance of pur-
chascs at more than the usual rate will be
needed to make the season a satisfactory
one in mems wear goods. Trade in cot
tons is dull because the southern demand
has dropped remarkably In rubber goods
trade is unsettled some makers having
advanced the prices with those Of crude
rubber, while others have not.
The glass trade is fair at Pittsburg and
light at Philadelphia. Steel rails do not
move because buyers doubt the pcrma-
nencc of the combination. Coal is dull,
fair and cigar makers busy, advance in
| Sumatra leaf retards the sales. There
has been an advance in the average prl-
ces of all commodities, amounting to half
of one per cent for the week, but it has
been almost exclusively in products of
which crops were short.
The price of wheat has not been adyan
ced, western receipts continuing heavy,
while exports are light. But corn has
risen 2l.. cents and oats "a cents. \
speculative advance Of 4 cent is also seen
in coffee Exports Of merchandise from
New York for the past four weeks have
been II per cent less than for the same
week last wear, and imports also decrease
10 per cent Little disturbance is caused
by the further shipments Of S600,O0O in
gold TO Europe, and as treasury dis
bursemcnts for pensions are just now
enormous, the money markets are likely
to he strengthened for the time.
Business failures for the week number
1885, for the corresponding week OF last
year the figures were 23I.