The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-06-24
DuN's TRADE REVIEW,
Preparations Making for an Ac.
tive Fall Trade.

Co. 8 weekly review OF trade will say:
The Improvement expected from the
issue of clearing house certificates,
thus utilizing credits instead OF cash in
local dealings, has not yet been realized
Other cities, especially at West have
not taken similar measures to relieve
the pressure, and the demand formoney
from the interior continues unsbated.
The failure of banks at San Francisco
had led to heavy demand from that
quarter, 81, 500, 900 having been sent in
q single day. The distrust OF tho
weaker banks was avoideA by the ap-
plication of the Bank of Commerce for
Sl,0o0.000 certificates ana Ss,35O, 600
were issued Thursday, but the pres.
sure sure for rediscounts for in
terror banks is beyond the
ability OF New York to meet.
Imports Of $1,000, 900 gold gave q quick
increase OF confidence for time, but
with the actual issue OF certificates
foreign exchange rose per cent, chill.
Ing the hopes Of further movement
this way. The Secretary of the
Treasury gave notice that he will
anticipate the payment of Interest ON
July to the amount Of $1,000, GEO, but
only Sl,s00,000 Is on bonds held by
banks which will be immediately dis
bursed. The volume Of trade is GER
tstnly reduced by the monetary strin.
gency.
The bank slearings outside O, New
York are declining materially in CON-
parison with last year. In some de-
partments of business orders for naer.
chandise are deferred since there 10 no
assurance of ability to carry goods until
they are sold, while in other depart.
ments orders are not received because
the future Is distrusted. The effect on
great industries has been less thus far
than might have been feared, as most
OF the works are employed on orders
booked before the trouble began; but
M sny works are now reducing the num-
Der OF their hands and others must soon
suspend operations, unless the prospect
becomes clearer. In the iron business
no improvement is perceptible,
and pig is as low as ever, and
while finished products are still
in fair demand prices are extremely low.
It's thought the closing OF some of the
works will reduce the output Of pig con-
siderably. Accounts from other cities
nearly all show that The monetary pres
sure affects trade materially, that col
lections are unusually slow and banks
extremely cautious in lending. even
where they are strongly fortified. At
1t. Louis the freight movement is graft
flying in this character, and the volume
OF business Is fair for this season. Prep
arations are making Tor an active fail
trade. especially in shoes. Banks are
accommodating customers in all regular
business but refusing spectators and
at Atlanta trade is fair for
the season, but collections are SLOW
and money very close. At Mobile
trade is fair and the prospect
favored by the weather. but money is
tight, and at Charleston trade in
groceries is fair but other trades are
dull. The state of foreign trade Is not
yet satisfactory for exports of products
fall below last years at New York in
June thus far So. 600, 900, or about il per
cent, while imports are still somewhat
larger than year ago. Failures for
the week Mum Der for the United States.
273; Canada, "a; total. psf. against 347
last week and 100 for the corresponding
week last year.