The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-08-31
THE CONDITION OF BUSINESS
What Bradstreets and Dun Have to
Say of the Situation.
The Price of Cotton Advancing. The
Volume of Domestic Trade Slight
EaGly Better. An Unprecedented
Large Crop of Indian Corn.
The Volume of Trade.
Bv Southern Assoc,ateaPres,.

III markets aud prices continues aud
whereas u few months ago everybody
was nursing the fnintest hopes Ut re
covery, 1t bus now come to be the only
question in which nll branches if my
the rise in prices. and in the Increase Of
business may go far. a strong con
servative feeling is finding expression,
not as yet controlling the markets or
industries, but warming against too
rapid expansion and rise.
In some directions the advance in
prices clearly checks further business.
The Industries ure not only doing beI
ter than anybody had expected, but
are counting upon great business for
the rest Of the year. Since the specu
lative splrit and the power of conbina-
uons pushed up prices of hides, lest her
and shoes, the demand has distinctly
declined, ut least for the present, and
many works are out of orders, whre
lew are now receiving enough to sup.
port 10 full production. Shipments
from the East III August loot up 356, 81;
cases, against 35J,3 Inst year, and
% ,iJ4 III 1892.
] he prospects for wheat has hardly
Improved This week though the price
has fallen cent.
la tie past four weeks Atlantic OK.
Dur;s HEyg been only 1865, 539 bushels
ug"ias; ll,7Ol,S ,S3G of wheat last year
c"d thus acne Is quite enough to eX
l'in tie iniUre to maintain the seusa
nouai @.!Nnuce III prices which so
cliccI.vt.y checked the outgo.s Corn Is
coming forward more freely aud the
S,epte Der price has declined quarter.
With the promise of IL great crop,
pork and lard are a shade lower.
Cotton = rlsirlp fbarn warn n,
surplus ot 5000. 900 bales American
carried over In The next crop year,
which beglus next wY4k. WhGthpr TX
ngSeruted or nut, teports of injury
hhVe Impressed trnuegs and purchases
III three days nave ui0Cuuteu to 95J,
3OO bales. hc lti'c has advanced to
S.a9, aud ~ there Is no nrge supply
OF actual cotton available ~ this time
the market price eau bc easily moved.
But If the yield Is n short Us buvers
believe, 1t Is hot good Slgu for busi
ness at The South. siIcc the abundance
of old cotton III iui,iEu markets must
hluder exports at l. gn prices during
abe very months III which planters are
forced TO sell most OF their product.
The Volume Of domestic trade is but
slightly better than In the previous
week, exceeding last years by IL. 5 per
cent, against 1913 ior earlier weeks OF
the mouth aud 81 per ccur. below
lSJ2, against VI III earlier weeks.
Rallroad earnings III August have been
hardly 3 per cent. larger than last
year, but 1913 per cent. smaller than
III lS92, the loss on grauXers nud
northwestern roads being large. Ton.
mage eastbouud from Chicago was lsG, =
T30 III four weeks OF August, l9l, ,7SS
last ypur and lDT I11 in lSpJ
Failures III three weeks Of August
show liabilities of G,5i9, 500, mannlac
turing S3.37l.31I and trading 81. 3d.,
$50. In he same weeks last wear lln
Utilities we're $S,2l4.I70, manufacturing
81. $40, 333 and trading So, SSH
Failures ior the week have been lSj
III the United States against 1916 last
yeur aud AZ in Canada against 40 lust
year.
New YoHK. August so. .-Bradsres,s
20 morrow will sny: The concluding
week OF August surprises even the
more optimntlstic with IA striking IN.
crease III the volume of business With
lobbers III staple lines ut such ccuters as
New York, BulIi:nore, Boston, Chi
cago. St. Louis, kausas City, 81. Paul,
Minneapolis, and to IL moro moderate
extout at distributing points III the
south Atlantic and tiuif States, among
them Charleston, Chattanooga, At.
1nuta, Savannah. Jucksonvlile Blr
mIngham, aud Dallas. IA dry goods,
millinery. shoes, bats, clothing and
groceries, the autumn demand Is max
Ing Itself felt, with the prospect for o
further Improvement fin Immediately
succeeding weeks,
This situation Is encouraged by the
practical certainty of an unprecedeut
edly largo crop of Indian corn aud "A
phenomenal harvest of wheat in the
Northwest, as we'll as by the uuex-
peoted upward bound of prices Of steel
and iron. followed by corresponding
gain III domand. The gam III quota
aions for steel and iron is one OF the
Sharpest within week Oh record, and
following, as 1t does. an advance OF
about 6U per cent. from lowest levels
reached in lS93-'9i, is enough TO raise
the question OF whether a verituble
boom is pending in these metalt.
a Jump of nearly 81 per ion for
Sesscmer pig within a week, Sl.50 for
! billets, 81 for charcoal pig, aud West
ern mills refusing to take orders for
future delivery except Mt value. render
these industries excited. All forms of
finish iron aud steel Will tend upward
in price.
The total volume of general trade for