The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-12-28
WEEKLY TRADE REVIEW
Owing to the Panic, Business Improvement
CannOtbe Expected Until the New Year.
A TWO PER CENT INCREASE IN FAILURES

Price Movement More E'nvOrE a.
Continuous Rains In thc west u
Chcci TO Business.
New York. Dec. 27.-R. G. Dun Il Co.
will sny tomorrow in their weekly re-
view OF trade:
Failures fCr the week have been
322 in thp United States against $50 last
year, and 30 in Canada against II last
year. The failures of the fourth quar-
ter and tile year 1891. not yet finished
cannot he definitely stated. but the
aggregate OF deferred liabilities for the
year, while much smaller than i'll 1872
viii vary but little from that of 1891.
The years aggregate Cf commercial
liabilities will probably be about $l7O.-
10000 in manufacturing over SI",Oo0, u0O
or 10 per cent. more than last year, but
In trading about SSS, 900. 900, or per
cent. less than last year.
The foreign and financial messages of
the President were followed by Violent
reaction In stocks last saturday with
grave fears OF monetary troubles.
Owing to the sudden panic business
I'm many departments cannot be expect
cd To show signs OF Improvement until
the new year begins.
Ecsscmer pig iron has declined -
cents more at PittSbnrE. The bar nsSo-
c.;ii. ion has reduced its price not yet u
the rate at which steel as well rs iron
bars are actually sold and In most
departments this industry suffers from
the speculative advance III prices ana
production last summer. 1T Is noted that
l2csscmcr ana open hearth steel were
offered nj he same Price In bids on 5000
tons which n PlttsburE mill will produce
for appraisers in store here.
In the great textile manufactures the
usual holiday duilncss Is increased by
delay OF orders, though there Is some nc
cumuntion of goods for the demand OK
pCctcd soon. Standard brown sheet
mgs and drills are an eighth lower. and
cotton goods average u third of | per
cent. lower.
rhc shoe and leather business does
not Improve. and both leather and
manufactured goods decline slightly
though speculation Is against hoisting
hides about 10 per cent. for all in two
weeks and for some kinds 2h per cent
Cotton has remained at SH cents sinc>
last Saturday. and enormous commrc-
""l an0 mill stocks here and abroad
with n demand for goods much smaller
than In September hinder an advance
Thc quantity which has como into
slEht is 10 per cent less than last year
IN date hut slightly larger than in 1892
when the crop was ZOO. 900 L.ilcs
Payments through clearing houses
We're abnormallv swelled by last week $
panic. so that the average daily for DO
cember at all points is is ncI cen,
-
less than in 1892. Foreign trade shove
Il gam or 1919 per cent in exports iron,
New York for three weeks or Dcrc,,,
he'; which is decidedly cucouro rinr
ana decrease Of 1Sla per cent In inn,
ports here. 80 M
Rr"dstrect's Report.
morrow will say: w.
AS Is the rule i'm Christmas week
wholesale trade has been uuiei rhn
I'iluaSS, the close OF the year and
siock-takinS tend to make businn.,
,y m,oW ana promise only "a light trade
notably New York. Boston. Baltinrnrc
"nu ShiCaSo. anticipations as To Tho
character or trade carly in the coming
year are hopeful. hut 1t remains io he
sen whether the downward movement
VI uc'i'tiiu ana price, and the delay I'm
putting the currency on n so,,nd h3,in
al oi which have begun to show thnn
selves in trade conditions. will nprrnit
OF as early and marked gains in s,nnie
.,ncs Oh trade In 1896 as has been conf
IDENTIFY anticipated
business failures for the co,nnIo..1
year number 1903. an Increase of n,orc
than per cent. The increases i'm nIn,
Der OF failures are at the West North
west ana in The Middle States. decreases
nciiS SHOWN IN New England. at the
south, and on the Pacific Coast.
me prices movement is more favor
ahie than for number of weeks. the
quotation for coke having been adj
ranced as well as thcse for mohair.
wheat, indian corn. oats, and for sugar,
while for leather, hides, lumber, coo,l.
wool. coffee. and print cloths quota
lions are unchanged. Fractional rear-
tlons arc reported In prices OF refined
petroleum. cotton. pork -four, iron, and
steel
The weeks features in commercial
lines are rather better trade I'm Chist-
mas spcciaiticS than expected. 81 check
to business at the West from long con-
t'hued rains. extremely light stocks of
goods in hands of retailers the strength
oi Wool ana expectation of holders that
II VIII advance should tho proposed
duty be placed on 1t, together with the
pronounced movement OF funds from the
West and East because of the better de-
mand for currency
Thc Devastating Floods.
Scdalia, Mo, Dec. 27.-As the water
recedes In the submerged districts
the extent of the laIu1uC is LpcOInin.r