The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-11-16
THE VOLUME OF TRADE
The Crop Report Has Caused a More Uncsr-
tainty as to Its Interpretation.
ASSUREDlY NO FAMINE IN COTTON.
The PerpieNing Subject OF whent-
The Output Of Iron Ten Per Cent
Larger Thnn Ever-The Converse
Includes an Unexpected Improve.
nicnt Ina WOODEN Goods.

New York, Nov. 15.-R. G.. Dun & Co.
Tomorrow, in their Weekly Review OF
Trade. will say:
Failures In the first week of Novem-
Der amounted to S2.97l,iT5. against ST.
Sii,3i5 last year. and for October show
liabilities Of $lG.637,92l. against Sll,l2i,-
$50 last year. and $2I.954 ,l32 in 1899. For
the past week failures have been PSI
i'll the United States. against 80 last
year and 80 III Carada, against rs last
year.
The scare about gold exports had
no ieal Significance and although $2,260,-
0Oo more Will go out. the stock market
has been recovering. The collapse OF
Natiir speculations abroad has forced
many 10 realize on Americans and the
impression that the Government may
nave to borrow again operates to our
disadvantage But there is no local dis
olrbancc of money markets, stocks arc
eighty cents per share stronger than
week ago. commercial loans are not
large ana the demand for moving crops
has been remarkably small. so that. on
he whole. the money market has shown
very unusual strength and stcadincs.
for the fall season.
The Governments monthly crop re-
port has caused, as usual, rather more.
uncertainty as to its Interpretation
than previously expected as 10 crops
ne N"''oH Slattlncht itcklnE account
OF acreage on which il is based. was of
only speculative value and the mere
rumnr that MIR. Neil had ruduced his
estimate OF the crop actually effected
more than the official estimate.
Inc bottom fact is that even Il small
er crop than anybody expects with the
3,OoOutD bales CARRIED over, Will as
snredly prevent any famine in cotton.
NlcEnWhilc the exports decrease SO ucr
| cent. In quantity.
w neat perpleNes the Oldest inhabi.
tant.
The output Of pig iron. November lst
was .lh1Ob tons weekly, about 10 PEI:
cent. larger than ever before and con
tihilanc" OF the same production for six
weeks more would make the half years
"u' .s @ @opit ''5ooVoO tons or more about
i5o ooU tons greater than in any other
nan year. The startling fact is that
the demand for products OF iron and
steer lails or Notwithstanding the in
crease III OUTPUT of pig, and though
only few concerns have closed or
reduced work or wages on account or
iack ol orders. prices are sinkinge. hav-
ing declined 2.1 per cent. for the week
ana 6i per cent. from the highest point
i1essemer pig. billcts. grey forge. bar.
.ank , steer plates, structural angles and
wire nails have all sold lower within
the past week The wooden manufcc-
tuier mas to meet this year with two
difiicultics. the remarkable demand for
cray worsieds. which has encouraged
an advance of 10 per cent in price and
the heavy imports OF woolen goods. But
sales OF wool continue large in spite of
me fact that part of The works are.
closed or working only part forces.
the cotton mills are running well and
,, ma very good demand for products.
thonSh IL is not Of late sustained Print
cloths have declined Il shade
Ihc volume of domestic trade appears
from ClearinE-houSe Exchange II per
cent. larger Than last Year. but ll.4 per
cent. smaller than I'm 1882
HrhdStrce1's Opinion Of business,
The condition OF general trade con-
,inues Irregular ana without, material
chahSe There is Il distinct falling of
III demand for iron and steel with per
maps the heaviest reaction in quota
lions in these lines reported i'm any
week since the late boom in those mel
ais reached its climax. Central West
erh cities continue to feel the unra-
vorablc influence OF unseasnnably miId
weather. which is true as well of cities
at the Northwest. Then there is the
long list of decreases in quotations for
merchandise. The converse includes
an unexpected Improvement in wooiIcn
goods
October gross railroad earnings re-
fleet generally improved trade and an
especially heavy movement of sIrjnc
wheat is the largest gain shown for
any months but June ana July this
year.
With the exception of the Southwest
ern roads and the coalcrs. which show
decreases. every other group shows
gains. MI the trunk lines and nearly
all the Southern roads show increases,
the latter in spite of the short cotton
crop.
Renewed gold exports. amounting TO
$3.50 900 for the week. have checked
the bullish tendency of the New York
stock market The selling. however.
is professional the short interest en-
largcd. and the liquidation apparently
completed. Further gold shipments
arc expected next week
Bank clcarngs at cities throughout
the United States aggregate $l.I7i. .OO0.-
OOV this week. per cent. more than
last week
There are 279 business failures rcport
ed throughout the United States this
week compared with 260 last week $50
in the week one year ago, and as con-
trastcd with only 205 in the correspond
ing week OF 1892 The increase i'm the
number of failures this week over last
is more than accounted for by Southern
and New England States. Other rca-
lures include very generally satjsfac-
tory mercantile collections East. West,
and South, exceptions being con-
spicunus by their infrequency. There
is disposition in the Gulf States to
market cotton more freely and Texas
cities report checked volume Of bust
ness. resulting from lower prices for
cotton.