The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-08-29
The SWiftest Ocean Steamers Are Bringing
CargOeS Of the Yellow Metal.
EARLY CROP MOVEMENTS HELP TRADE,
This IN Particularly the case ai RnI-
tfniorc, Louisville md Kansas
Sity-IcnuinG Rates Have Grown
Higher But Foreign Exchange
Rates LOwcr-Trnde Not Increased

Failures for the week have been 2SS
III Nhe united States against 1S6 last
year and SO in Canada against AZ las.
year.
Clearing house certificates have not
been issued, but instead gold is coming
nilher largely on the swirtcst steam rs
aoout ten millions being already on the
way. Higher lending rates bring ii not
W:lh2ian3inS io!eisn events which dis
Iurp London markets and grow ng cor
tidence in the mon. tary future Of the
country helps. SirinkaEe OF merchan-
dise imports and The increase of exports
a!So help. These tendencies all help to
ieSa The strain. LiabiiItier In fail
ueI ior on ,n,ee n5s weeeks ending August 20.
were S-u,S32.2S1 AGAINST S6,5l9, ,366 last
year and SS.2l4,4I0 in 1894. The stop
page OF Hilton. Hughes & Co., this week.
Is OF course no: included in thcss figures
Inc Stoppase of works continues, in
Guiding among other iron concerns, the
Illinois Steel Plant at Hammond, Ind,
ana the Lakeside Nail Works there
Disruption Of ;he tin plate association
results f'om inability OF many cone rms
20 90 on paying wages demanded and
WI presumably "e followed by the stop
page OF some. Other iron works are
getting Very little new business and
there is SO li;;l. doing that quotations
are almost nominal. Grey forge has sold
Tor Ss:25 at Pitt ShuIg. but II is sad that
speculative s purchases amounting to lco,-
market. The billet pool in session at
Cresson vest rday was expected 10
change It's basis and fix prices on omen
hearts steel. Coke production at Com
nellsv.lie decreasd 10000 tons last week
further decrease hing expected. An
thracite has again been advanced %
cents September l.
Boot ann shoe shipments continue
large. New business is scarce.
no gam IS seen in demand for woolen
CnnlC cf,
ard in few qualities better prices. hut
the change has been an selling from
stores. without disposition to order
ahead of current wants.
Soecu!aticn in products caused an ad-
vance of lG2 cents in whc.t. but by
dnutsHaF @ IL mad been lost. only to rise
a%a!n ana close at nearly the top.
lieaVv Western receipts continue low,
$ prices.
Sradsteerts tomorrow will say:
me Hoinne of general business has
not increased within the week. EN-
GeptionS appear 10 be at Baltimore,
Louisville and Kansas City, which send
out more favorable reports as to the
Quantities OF general merchandise sold
L1an any other center. Early move
ment OF crops is said to be behind the
increased orders. Another encoura aine
al liiiluence is lcund in lower rates for for
elth eAchange. the movement of $40 900
900 III gold from abroad 10 the United
states and the expression of the opin-
ioii mat not less than S25. .o00. 900 in gold
Is 70 be imported in the near future.
'onsp'cnous among checks to trade
are greatly increased irrnness for
money at nearly all financial centers
AS nj New York. banks, almost ali
iafcer cities report Withdrawals of de-
poslts In many instances by country
banks. higher rates for call loans. and
al some points the practical refusal 10
MAKE tlme loans. Regular rates of dis
count are no higher at Pittsburg. Raj
timore. Atlanta. Louisville. Nashville.
omaha ana Kansas City. but only regu-
lar patrons are being accommodated
hates NJ New York, Boston Providence
Euaiflo. Chicago. St. Louis. Detroit 81
aui' MINNEAPOLIS. Duluth and Charles
ton are all higher. with regular custonoS
receiving better than published rates
The demand for funds to move cotton
at the South and Southwest and wheat
west and Northwest. with the tieing up
beiohGing to Chicago banks, intensifies
IN speculative deal of several millions
me relative difficulty in securing funds
.Iobbers and manufacturers renort no
general increase in demand for staple
merchandise. The tendency of tho
former IS to let the latter carry stocks
and OF the latter to cut down prodic
Gon until scarcity compels freer pur-
chaSes by wholesalers Trade opinion
is that little gain in business need he
expected until after election. Merchants
III regions where cotton and new wheat
are moving freely are somewhat moro
hoDetul as to prospects.
Bank clearinGS totals continue IN
RANCE at low levels. the aggregate for
SIX business days ending August q
being i4IO0GOo0. nearly per cent. less
than last week and IL per cent. less
man in the fourth week of August
1899. The record of this weeks failures
in the United States shows a large in
crease over last week. 800 Compared
with 264. gain Of "a Compared with
the week year ago the increase is 40
The general tendency of prices of
staple continues downward, exceptions
being advances for print cloths, wheat
sugar and anthracite coal.
New York, Aug. 2S.-LaZard Frer- :
have engaged an additional $3.50. 900 gold
for import from Europe; L. Won Holman
d Co. S250,0h0 and j. & w. Sel:gman e.
Co. from s250000 TO $500. 900. This gold
Will leave on to-mor!ow's steamers and
makes the aggregate known to be on the
way. S1O,I0O,000. The steamer ST. Louis
which arrived to-day, brought $500 900
gold to the over National bank This
Is direct t. rta;ion by the bank
London, Aug. 2S.-The Bank of Eng
land this afternoon raised the selling
price of bar gold another half penny
Within the last few days gold to the