The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-07-26
MIDSUMMER QUIET IS
STILL SEEN in BUSINESS
Foreign Exchange Broke To
Low Levels Other
Data.

New York. July -Bradstreets
weekly review says:
Trade and industry, in the main, ex-
hibit midsummer quiet. with most re-
taxation visible In wnat may be termed
the apparel trades, and the opposite
limits OF notable activity displayed, as
heretofore, by the iron. steel and fuel
trades, Price uncertainty and slack
production characterize the first-named
ines, while very high prices and strain-
| ing efforts to get close to fuller capacity
ana shipment stand out In the latter.
indeed. the really new, features of the
| week are outside of the ordinary do
main OF trade and manufacture.
These are slight improvements IN cur
movement, making for q rather freer,
but Sun inadequate, movement OF fuel
raw materials and finished products of
manufacture. In apparel lines weakness
OF crude raw materials, such az wool
SILK, hides and leather. and very gem
erai easing OF prices OF most available
finished textiles are noted. Growing
quiet Ia building lines, especially In the
line OF new dwellings,. forecasting con-
tinued acute scarcity In housing, con
tnued complaint of scarcity OF tinpIate
AFFECTING operations OF canning factO.
ries. Increased interest in pig iron for
delivery In first half OF 1921. strength
OF prices Of sheet steel and platas Tor
railway cars, despite easing In buyina
OF automobiles and further falling or
IN demand Tor structural materials, are
aaaltional features calling for notice.
Aside from slightly better under-
tone to trade advices, the feeling thar N
me good crop situation holds forth 4
promise of future better trade. ana
rather less tension In the direction 81
OF the week ar rather more INJURY. \
sort OF feeling out Of the price situation.
as IL were, In leading textilea, nofablv
COTTON goods. Relatively best reports
~ 20 wholesale and tobbing trade.
which Is fair TO slow as a whole, coma
rom the grain surplus states west NJ
the Mississippi while hest retail trade
reports, which are generally fair, are
from the west this side OF that river.
az ~ balance trade - not more active,
manufacturing activities are 4 shade
peter where, as In the central wet
largely, car service has improved. Col
,acnons are no better ranking a. fair %
ing from the south. Very frequent men.
tion IL made Of tho fact that many
debtors who would ordinarily take al
vantage OF discounts are letting their
pllis run TO the limit because or fha
ightness OF bank accommodation. crnn
reports are almost wholly good, n few
Exceptions being az tho south ana n
larts OF the northwest where black
W. - noted. Winter wheat IL turning
The stock market has been rather
iun, with price movements Restricted.
foroign exchange broke TO the lpwaAf
evels since April. sterling declining Ia
POINTS on the week Money continued
lrm, call rates ruling around d or ner
ent., with time funds no easier and
certainly not In increased supply. ror
ne second week this year, weekly
earrings NV, % whole are lower q per
emit on than year ago, but the
ountry outside OF New York shows 4
am OF III pcr cent Failures show Aha
irEest weekly total for over year paNt
vt the number is atii far below years
~, rqv'o1s 20 isla. The prices situation
rrseases, and the Weekly Food Index il
u nearly J per cent. from last week.
hradstrcets Weekly Food index.
rms weeks index number. based on
css used @ food ' Is 1o h' which so ar
Tres with N,7f last week and s5sT for
% week ending July ~ 1919 This
oeks number shows loss OF nine.
nths OF per cent. from last week ana
1913 per cent. from the like week 81
NJ year,
Weekly Bank cIear,nus.
Rank clnarhgs Mt nifty leading cities
nr United states for the week end
,adatreet's Journal, aggregate "a
I, $4,000. loss OF Ia per cent. from
- week and OF 81 per cent from the
s Sc WEEK ,na , last year ou,sids Of New
.o on ~ one-tenth OF 1 per cent. from -
lows u y week lsss psxr. II Der cent
, na 80. : ,dFeport larger totKfs tsssn Yasf
%, while eleven exhibit losses. Chi
gp reports gain nf fl.5 per cent.
ilaaeiphia 10 per cent, Huafon R.6
cent. ~: Louis M per cent. San
aneiseo 1913 per cent. Pittsburgh STA
cent, Cleveland Au.T per cent Tgnlti-
re - per cent, New Orleans 90 I,sr
" ana Cincinnati as,b per cent. Kan.
!, City displays loss of s2,4 4per cent.
Auhhta thrnestenthH of per cent.
Weekly Failures.
BUSINESS failures for the week ending
" ~ number ia, which comnarea
N 40 last week, 100 In the iika waeL
iaig, iaa In 1918, 256 In 1917 ana al Z