Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1893-09-21
THE STATE OF TRADE.
More Favorable Reports from Many
Business Centres.

New YORK, Sept. 12.-Brad :
streets tomorrow will say; The
starting =p of id,e manufacturing
industries has not been as conspic-
uous this week as last, and in most
instances has been with reduced
forces and On part time. The
stimulated demand for staples at
prominent cities in the Ohio and
Mississippi river valleys remains
the feature Of the business week.
In other respects there has been no
real gain within a week, and the
long drawn out Indifference of the
Senate to the wishes of an cnor-
nous majority Of the business CONS
mupity has had depressing effect
on the commercial situation. In
addition to last weeks favorable
features Of the money markets are
increased deposits; heavy influx
OF currency from the agricultural
regions are reported; extensions of
discounts by few banks, but
there has been no further increase
in the volume of general trade
throughout the country, the in
crease in the volume of bank clears
iags within a week being more
than accounted for in other ways.
At the South more favorable res
ports come from Atlanta, Augusta
and New Orleans, and West from
Cincinnati, Louisville, St, Louis,
On aha and Duluth. Such centres
as New York, Chicago, Baltimore
ard Philadelphia are yet to feel a
general expansion of demand for
staples. Neither woolen, cotton,
iron or steel industries are increas-
ing their outputs. Cotton, sugar
as we'll as lumber have advanced,
while quotations for steel billets,
totacco, turpentine, hogs and cattle
have gone off Two weeks ago the
number OF failures was 36S; last
week it was $40, and this week
only 800.
Money is easier at Boston bu'
the banks are not discountine
much more freely. Wool sales are
heavy but at lowest prices, and the
mills show no signs uf starting up
Shirting prints are lower in price
Cotton mills are not starting ~
yet. There is better sale for fal
and winter dress goods. Ginghams
however, are fiat. Trade at Balti
more remains quiet, an increase ir
number of out-ofstown buyers no
resulting in gains IN the volume o
trade.
Richmond reports a slight gai1
in the volume of general trade, bu
industrial assumptions are on par
time, and bankers are not making
loans freely. Charleston report
crops damaged throughout Soutl
Carolina 1920 per cent, will
higher prices for food staples, bu
no increase in the volume of bust
ness. Memphis banks are lendins
money freely but without appreci
able change in trade conditions
trading remains restricted at Mash
vile, although the outlook is TO
improvement, the First Nationa
Bank having resumed business
Cotton receipts at Atlanta are salts
factory and groceries are sellin!
freely, At Augusta cotton receipt
are increasing, which helps trade
and cotton mill products are il
better demand, but at Savannah
the Gotten movement is restricted
| Business at Birmingham remain
quiet, as at Mobile, where cottol
!, receipts are less than expected. A
New Orleans trade has improved
moderately. While the rice GRO
will be short in Louisiana the yiel'
of sugar will be heavy. The cotto1
!: receipts are slow.
At Cincinnati a marked gain i
reported in both industrial an
, commercial lines. Dry goods ar
more active at Louisville, wher
trade is improving.
Gains in sales of millinery, shoes
leather and iron are reported fror
ST. Louis.