The Marion daily mirror. (Marion, Ohio) 1892-1912, 1908-08-08
FACTORIES Busy;
MERCHANTS TOO
hETAlL TRADE SOUTH INTER
RuPTED BY HEAVY RAIN
CAIN PROSPECTS BRIGHT.
HEAT CAUSE OF The INCREASE
Country Merchants Attend Wholesale
and Jobbing Misunderstanding
Statesmen Are Sending in
Large Orders.

New York, Aug. S.-Dun's Review
Saturday will say: Bank exchanges
this week at all leading cities in the
United States are $2,211 ,97S, ,665, S.3
per cent. less than year ago and 1913
per cent under the clearings of the
first week of August in 1906. The loss
continues quite large at Philadelphia,
Pittsburg, Baltimore, New Orleans,
Minneapolis and San Francisco, clear
ly due to conditions affecting special
interests in those sections st. Louis
and Kansas City again report gain,
and at other leading cities losses are
small. Midsummer dullness affects
trade, and the volume of bank clear.
ings, usually at the low point of the
year In August, is reduced, but it is
now materially above the amount in
the earlier months OF the year, show
ing marked Improvement in that re-
spect.
Boston reports that cotton mills are
still curtailing output, but larger
sales of wool promise greater activity
in the woolen industry. Dry goods
iobbers are placing fall orders freely
and the situation will be improved by
the auction sales Retail dry goods
trade is quiet at Philadelphia, but
wholesalers report more inquiries and
there is some improvement in collec.
tions, although payments are not yet
wholly satisfactory. The steel indus.
try and building trades are more ac.
tive. Dry goods markets at Pittsburg
are seasonably quiet, but there is
noticeable improvement in orders for
the future, although the volume OF
business is not equal to that of last
year There is steady trade in gro.
cerles.
Industrial conditions are slightly
better at Baltimore, more factories
operating, but wholesalers report a
small attendance OF outside buyers
and payments are slow. The Inter
state Merchants association opened
its first meeting at st. Louis on Aug.
l, and country merchants are arriv
ing in large numbers, making satisfac.
tory purchases in most lines The in.
fiux OF buyers is expected to continue
until the middle of September. Kan.
sas City reports that the first mer.
chants meeting. has brought large
number of country buyers who are
placing orders freely in most lines
Retail trade at New Orleans and ship.
ments by iobbers have been inter.
rupted by heavy rains, which also re.
tard harvesting OF cotton and rice in
the vicinity, but sugar cane prospects
are bright
Recovery In business at Chicago
would be more rapid II the weather
were less excessively hot Country
merchants attend the wholesale and
jobbing markets in large numbers,
placing orders that compare favorably
with those Of year ago. Wholesale
dry goods trade is active at Cincin,
natl, travelling statesmen are sending
In large orders and there is a good
personal attendance at iobbine
houses. Conditions improve steadily
at Cleveland, but shipping interests
are dull. Industrial plants are busy
and building supplies in good de
msnd, but collections are only fair.
Business expands at Minneapolis
merchants placing orders freely now
that bountiful harvests are practical
ly assured. Factories operate full
time, but payments are slow. Fall
business at St. Paul expands steadily
improvement in the dry goods trade is
well sustained, and sales OF wearing
apparel, make a good showing. Mill
merry jobbers receive good orders from
statesmen and many visiting buyers
are expected next week.