The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-08-08
THE WEEKS BUSINESS.
Exports Have Increased and Imports
Decreased.

Decreased.
New York, August 2. R. G.. Dun &
Co.'s weekly review of trade, which
issues tomorrow. will say: The sem
sational collapse OF apeculators st
Chicago who controlled the Diamond
Match and New York Biscuit stocks
and had hoisted them to fancy prices.
with the consequent closing of the
Chicago stock exchange for q period
yet indefinite, though followed by re-
markedly few failures, brings sudden
out the country.
At least o month earlier than had
been expected Chicago has drawn hesv-
lily upon Illinois bank balances here.
and Withdrawals Of other western funds
may naturally result. Europe WAS also
moved to sell American stocks rather
freely, 80 that the average Of sixty most
active railroad stocks fell about SO 18.
The instant cooperation of money in
terests with Chicago to restrict disturb-
ance deserved praise and did much good,
but it was impossible to avoid some
shock to public confidence. and q quick
tightening of eastern money markets.
winch already shuts off commercial
loans almost entirely Tie collapse
also increased the caution oil bankers
and other lenders regarding loans On se-
curisies OF 9 similar character.
In five weeks the increase OF ex-
ports has been 81. 800. COO or 16 per cent.
and the decrease OF imports SO. 300, 600
or Is per cent, which helps to balance
accounts. The movement OF wheat is
again large, Atlantic exporta being
1,761, 033 bushels for the week, -four
included, sgainst 753. $40 last year. and
since July lst S.85s, 704 bushels against
4,72s 9l9 last year. Conflicting crop
reports are as numerous and noisy rs
winter wheat to 800, oOO, 900 bushels and
the movement tends to sustain such
estimates.
The situation as to cotton ia doubtless
critical for many producers. Extremely
hot and dry weather has done serious
harm, but IL must. indeed, be an extra
ordinary condition that reduces the
yield 90 per cent. in August. Men Of
much knowledge and experience but q
few days ago judged yield of 10 O0O, =
600 bales probable, and II they were
1,0U0. 600 bales too high. still thoss who
now predict only 1000, 600 bales are
likely to err In the opposite direction.
With large acreage 1t Is always safe
to remember thst onlyi part OF the
crop is ever affected by misfortune be-
tween August and FROST The price
rose almost beyond precedent. g per
cent. on Wednesday alone, and the
alarm will at least be of service to
planters in giving them better prices
whether buyers realize any profits or
not.
Labor is more disturbed than usual.
The great strike Of garment workers
here has much extended; the strike st
Cleveland has broken out again and in
wolves several other branches of labor;
the iron furnace men Of the Shenango
valley resist q reduction of the wages Of
May, 1885, though Mahoning valley
workers do not; the iron works through
out the country are striving to cut down
in order to keep In operation.
Curtailment Of produc ton in cottons
does not bring stronger market, and q
few quotations are reduced.
Failures for the week have been 24O
In the United States against 225 last
year. and 80 In Csnsda against 43 last
year.