The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-08
BUSINESS FORTHE WEEK
ygc.rrscr cAUsED ny THE cor
LAPSE or cHfciGO sPEcCLAfoRS'
Excess OF Exports and Decrease y"
limits the Money {" Go Aoro'e'
The Cotton Crop.

NEW YORK. Aug. 7.-R. o. Dun
20 IN their weekly review OF trade 10
morrow. VIII say. .,.....
The sensational collapse OF speO"'"'
~ Chicago, who controlled bia''''''
Match and New York Biscuit s'0oN'' a''s
rad hoisted them TO fancy nsures' W.
the consequent closing OF the N'0"o'
stock Exchange for period Soe ''10
nttc though followed by remarkably -"
e,th,rcs. brings a sudden change ia mo"
-. ,opduions throughout the cou"
least a month earlier than mas pees
exuect.d. Chicago mas ul"" ,.,,,n,
sio .'...,,s Of All otncr Metsern funds h"s
''..',',a,lv result Europe was aiSo nio'e
."' III n,erican stocks rather iecy' ~
-, s,.sr,pe Oh 40 most active StoenS AZ,
shout 81 IL per share. ana inc afN'"o~ "
trust stocks about va ,..ro.sa n,
a, a. tnnortant that the increase %
merchandise eNpOrts-Scov,r'. OF - -
c.nt over last yea., Tor tne "e'N
tba decrease Of inports-St' WV, Va -,
,,,r cent.-still continues 10 mint "'s
sum payable abroad. -. ao,,t,toes
The situation as 10 cotton u uouns'sI
bot and dry weather has done serious
I.,rn, hut il must indeed be an eNt'",
ordinary condition that reduces e'o s'~'1
- per cent. In August. ..,.,,,.,,
Men OF much knowledge anu eNp,',S
but "A few days ago judged ctoP ~,
ton million bales probable ana II 'lvy
were one million bales 100 hlsh, ,, 7si.,
those who now predict only seven hii'iIo'
bales are likely to err ~ the oppoS',o
direction. with large acreage y az
WAYS safe 10 remember that oniy l't
~ the crop is ever affected by mlsioi-
f...fs
The price rose almost beyond pfcced.hl
3-S on wednesday alone and the alalh
will al least be of service 10 planters III
giving them better prices, whether b"y-
ers realize prohtS or not.
Labor is more disturbed than usual.
The great strike of garment workers here
has much extended. the strike NJ cleve-
land has broken out again. and Involves
several other branches OF labor. the IRON
furnace men of the ShenangO valley fe-
sist "A reduction TO the wages OF May,
1925. though Mahoning Valley workers DO
not: the iron-works throughout the coun-
try are strivin gio cut down cost in order
to keep I'm operation. the iron-mines Of
the GOgebic range are stopping. the sus-
pension OF cotton mills has become more
general. and over four million spindleS
are said TO be idle 40 Fall River alone.
and probably three eighths or more OF
the entire producing capacity IN the coun-
try: the rubber-works have mostly stop
ped. and. notwithstanding the light-weight
opening a. number Of woOllen mills. Evi-
IDENTIFY the working force and the wages
have been reduced.
The iron markets grow less demoralized
I'm tone. because all the associations de-
cided 10 maintain prices for this month,
bL9 the markets are not stronger I'm vol
ume OF orders or purchases.
The volume Of domestic business was
~ por cent. smaller than last year. for
the first week OF August, and 90 per cent.
smaller than In 1872 The early crop
movement and the speculative collapse
az Chicago caused both commercial and
speculative loans here 10 be much re-
stricfcd
Failures i'm July. classified by branches
Of business show larger liabilities I'm the
lumber than IN any other manufacturing
class and for seven months double the
liabilities In the next largest class. while
IN trading the dry-goods liabilities lead
Failures for the week have been 90
IN the United states against 225 last
year. and 30 in Canada against q last
year. 7ig1