The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-08-27
WEEKLY REVIEW
or Trade In the United States By r.. O.
Dun \ Co.

~ Dun . Co.
New YORK, Aug 22.-R. g. DUN &
Co. say Saturday in their weekly re-
view Of trade:
Failures for the week have been $50
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
merchahdise 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 Nc, the prin-
cipal motive power being reports of in
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 shade weaker. Leather is
weaker, with q small demand, al
though restricted supplies have caused
q shade of advance in some kinds.
Hides at Chicago averaged more than
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 $40. 40 al
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 O.
production, but in spite of thi!
the supply Of finished products
appears to greatly exceed thu
demand for them. The one bright spo
is sale of 5000 tons steel rails to ia
pan for refitting railways in that coun
try, which makes an aggregate of 45,
600 tons exported during the year
Nothing encouraging can yet be sait
regarding the woolen manufacture ant
the demand for goods, even at recen
reductions in prices is still disappoint
ingly small
A heavy auction sale of cotton good
brought prices which were CONSIDERS
quite encouraging, and the current de
mand is fairly maintained, although
the mills are not inclined to max
large contracts for the future in viey
of the rise in the raw material II
general the working force in the tex
tile branches does not appear to hav
increased.