Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-08-24
TRADE REVIEW.
The Number of Failures Dur
ing the Week Were 2S0.
Political Events Have No Definite In
fluence on Business Prospects.
Withdrawals of Money In the Interior
Rather Large-Speculation Advances
Wheat over One Cent-Depressioni In
Iron and Steel Trade Continues.

NEW YORK, Aug. 22.-R. G.. Dun &
Co. say Saturday in their weekly re-
view of trade:
Failures for the week have been ESQ
in the United States, against 222 last
year, and 81 in Canada, against 43 last
year.
Political events of the week had no
definite influence upon business pros
poets, for the phenomenal variations in
sterling exchange and the beginning
of imports of gold, although following
the great meeting in Madison Square
garden on Tuesday may be fairly at
tributed to the accumulating excess OF
merchandise exports over imports, to
which attention has been repeatedly
called, exports from New York for the
past two weeks having been 20 per
cent larger and imports here 81 per
cent. smaller than last year. The rapid
movement of grain and the unusually
early marketing of cotton tends strong.
ly to aid the banking syndicate which
has undertaken to regulate foreign ex-
changes.
Withdrawals of money to the in.
terror are rather large and commercial
loans are hard to place, and this diff.
Guilty checks many new enterprises
and business in many departments
Bank clearings are small for the
week, Is per cent. less than last year.
Railroad earnings are not as good as
might be expected for the first half of
August, exceeding those of last year
only 80 per cent.
Speculation has advanced wheat over
one per cent. during the week, corn a
small fraction and cotton &c, the prin-
cipal motive power being reports of FIN
jury to growing crops.
The boot and shoe industry is rap
idly nearing the end of past orders, ex-
cepting in women's grain and buff
shoes, of which there are still orders
for some weeks to come, while Others
are constantly received; but in other
branches the new business is light.
Prices are a shade weaker. Leather is
weaker, with small demand, al
though restricted supplies have caused
shade OF advance in some kinds
Hides at Chicago averaged more than
3 per cent lower for the week again,
the fall in the past five weeks having
averaged about 25 per cent.
The iron and steel manufacture has
only continued depression to report
and Bessemer pig has sold at 5000 at
Pittsburgh, while Southern No. is Of
fered at prices equivalent to $40 at New
York, and nearly all finished products
are being sold below the current quota
tions There is rapid curtailment of
production, but in spite of this
the supply of finished products
appears to greatly exceed the
demand for them. The one bright spot
is sale of 5000 tons steel rails to ia
pan for retitting railways in that coun-
try, which makes an aggregate of As,
900 tons exported during the year.
Nothing encouraging can yet be said
regarding the woolen manufacture and
the demand for goods, even at recent
reductions in prices is still disappoint-
ingly small.
heavy auction sale of cotton goods
brought prices which were considered
quite encouraging, and the current de-
mand is fairly maintained, although
the mills are not inclined to make
large contracts for the future in view
of the rise in the raw material. In
general the working force in the tex
tile branches does not appear to have