The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-22
WEEKLY TRADE REVIEW
GENERAL TRADE PRICTIC3LLI
CONFINED no STAPLE LINES.
Mercantile Discounts Go Higher and DIM
Guilty In Making Collections
Increase.

NEW YORK, August 2l.-Bradsti eet's
tomorrow viii say:
General trade throughout the United
States is practically confined to
| staple lines. The volume Of busin SIS is
no larger. The feature of the week is
The increased difficulty in making col
| lections and the higher rates for mer-
camille discounts. Credits are being
scanned more closely than heretofore,
and are granted less freely. Chicago
| bankers are slow 10 make soans except
to move the crops. and Chicago bank
| deposits are decreasing. At Buffalo.
| Pittsburg, Charleston Cincinnati, and
Galveston mercantile collections arc slow
er than before. Business In South Caro-
| lima Is retarded by drought. and in North
| Louisiana, Texas. Southern Arkansas and
| mississippi prolonged drought has 90 in
'erfercd with business IN some sections
| mat II amounts 10 "A calamity.
The total OF business failures In the
.hited states is 2ei this week. six more
IMAM last week. and scyenty-two more
than In the week one year ago.
BANK clearings throughout the United
S'ates amount TO only 100000 this
week, almost exactly the Same total re-
ported for tho third week Of Augus,
lf' when tho volume OF trade was very
small Compared with last week this
week total shows "A decrease OF ~ Der
cent. and contrasted with the week one
year ago, the falling or Is almost 70 pcr
cent.
More favorable trade advices are re-
ceived from Baltimore where business IS
satisfactory. owing TO hetfer southern
purchases. based on thu early cotton
crop. Among Southern cities Atlanta is
conspicuous for reporting better trade.
! Southern and southwestern buyers have
gypeared I'm St Louis and arc buying
with moderate freedom for fall wants.
Kansas City roports good sales IN all
lines. and that rains have assured large
| corn and fruit crops 70 Kansas. At ST.
| Paul thcre is a better demand for hard
ware groceries and drugs
The New York stock market Is dun
and speculation is entirely professional.
| Prices rallied somewhat on the decline
and became dull again with the recovery
IN rates. The gold imports announced
| thus far amount 10 over .2.50oro and
seem 20 be largely special transactions"
r. C. DUN & co
NEW YORK. August Pr c. Dun
| q Co. will say tomorrow IN their week
| " review OF trade
Failures for the week have been go in
! the United States. against 222 last year.
and q IN Canada. against ~ last year.
| Political ever IS Of tho Week have had
no definite influence upon business pros
poets. for the phenomenal variations In
sterling exchai re. and the beginning NJ
| imports Of gold. although following the
/ ardc
on Tuesday may be fairly attributed 10
| the accommodating excess Of merchandise
exports over imports 10 which attenrtion
has been repeatedly called exports from
! New York for the past two weeks having
| been % per cent. larger. and imports here
| q Der cent smaller than last wear The
| randi movement Of grain. and the I'M
usually early marketing Of cotton. tends
strongly 10 aid the banking syndicate
which has undertaken 10 regulate foreign
exchanges
Withdrawals Of money 70 the inferior
are rather large. and commercial loans
arc hard 20 place. and TINS dillcuiH
checks many new enterprises and bust
,,oss IN, many districts. Bank clearings
arc small for the week Is per cent less
than last year Railroad earnings are not
as GOOD as might be expected for the
0re+ half Of August exceeding those or
last wear by only "a per cent
Tho boot and shoe industry IS rapidly
nearing the end OF past orders, eNecpuhE
IN yvoman's grain and Dun sho.S' OF
which there are strl orders for some
ve.ts 70 come. while others are con
e,antlv received. but In other branches
~. new business is light. Prices are
shade weaker Leather Is weaker Win "
email demand although r~auIc'eu 81
nnes have causrd shade OF auE"'No 80
80 kinds HIDES at Chicago averaged
rrore than per cent. lower TOT IN
apain the fall IN the past h'e
.s.t,,. avs-a ged about Is per cent
sr,. from and steel manufacturer mas
o,l, continued depression 10 report an
| Ioeserner pig has sold AZ loAV 81 rus
-, ,,bue southern No. ! ir offered at
,rtcey equivalent 10 80 at New YORK ana
| nearly all finished products are oelhs SOU
| below the cur-ert quotations lhere i
lid ourtailment OF production. but
a.. e,1.. Of his the supply OF finished
products appears 10 greatly exceed inc
demand for them. The one bright spot
40 The sale OF 900 tons steel rail 10
Tansn. for reht,ine railways w that
country which makes an aggregate on
q oa0 tons exported during The year.
Nothing encouraging can yet be said
regarding the wolen manufacture. and
the demand for goods even at recent
reductions m prices is still disappoint-
ingly small. A heavy auction sale OF
cotton goods brought prices which were
considered quite encouraging. and tho
current demand IL fairly maintained.
although the mills are not inclined 20
make large contracts for the future IN
View OF the rise in the raw material
In general the working force r. tire ter
tile branches does not appear to havs IN.