The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-08-19
TRADE REVIEWS
OF PAST WEEK

NEW YORK. Aug. 1s.-Bradstreet
August IL viii say:
The Improvement which Ia general
~ conceded to have occurred in the
later planted Western crops, ana par
ttcuIar!y corn, since the first of the
month, the advance Of tho season OF
fail jobbing activity. and the conse-
quent presence in the leading markets
OF fall buyers is all reflected III a
further slight Improvement In the
volume OF wholesale trade this week
Ne gains made are mod crate, how
ever. and the tendency to operate eau
uouSly, pending clearer views of crop
outturn ard OF possible tariff revision,
is as marked as heretofore. In the
! case of the wool tariff revision the
ldisapproval by tho executive Of the
measure has apparently brought out
more confident buying Of goods and
Of raw material. with come hardening
OF values. The close interdependenca
Of international trade Is shown In the
less satisfactory reports received as
to some branches Of export and i'm
port trade, which are feeling the ef-
! feets OF tho labor conflict in Great
Britain with the consequent inter
ruptton of or congestion in the usual
channels. Grain, provisions and man
iuf&otursd lines exported are most Af-
i
too, there is said TO be rather less
ausins5s Offering and mare disposition
10 question prices, though mill opera
tons on orders already booked are
close to the maximum percentages of
the year. Retail trade does not great
ly expand and moves largely under
the spur of reduction sales, which are
still the feature,
Business failures for the week end
iYYU I m
last week and 222 in tho hike week of
1910.
NEW YORK. Aug. 1s-Duu's Re-
view tomorrow viii say:
y strong undertone is IN evidence In
leading mercantile lines. and while
trade continues very conservative,
there is no lack OF confidence con-
corning the future, and the actual
volume of business Is up to recent
averages. More activity Is noted in
purchases OF dry goods by retailers.
/ Ut in wholesale lines the tendon y
is to restrict buying as far as posi-
bic, readJustment Of conditions in
cotton and cotton cloths still holding
that market in check. Curtailment Of
/ production by the large New Eng
land mills Will be especially marked
! during the next two weeks. In New
bis OF WOOl8DS
have additional orders for finished
goods and are operating moro freely
In the raw material market the
weeks business being the largest In
a long time. Shoe factories are well
employed, but new orders are not
large In volume, Leather is in re-
stricted request, but prices are very
firm. In the steel trade orders are
somewhat reduced In volume, but the
mills continue to maintain a good rate
Of activity, and Notwithstanding the
present production. current supplies
OF new material are kept within &C
tuai consumptiVe requirements. More
reassuring advices from the North
west and exceptionally favorable CROP
reports from Canada caused renewed
liquidation In wheat, prices declining
rather sharply. Conditions are an
parently more settled in the East and
South than in the West, the demand
at many Southern centers helping
most wholesale lines and the grow
ing certainty that the cotton yield Of
1911 in the United States will exceed
100000 bales overshadows all other
speculative influences In ,nnt ruc riset
Bank c!earings this week reflect some
further improvement. total exchange.
being 16,6 per cent. larger than !,
year ago. but 12.G per cent less than
in 1909. Railroad gross earnings for
the first week of August Of roads re-
porting are % per cent larger than
a. wear ago