The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-09-07
THE BUSINESS OUTLOOK
Dun and Bradstreets Give Some
Interesting Facts.
The Money Market is Easy and The
Demand For Commercial and
Manufacturing Loans in The
VESTS Larger. Every Sec
tion Shows Prosperity.
BY Southern Assoclntei prols.

trade to morrow, will say: There IL no
real real reaction IN business. Gains
which were regarded as temporary arc
vanishing. bnt there remains decided
increase over last your. although prices
average S.S por cent. lower than O year
ago. 1t needs no keen observer TO sec
that the reaction against the rapid ad.
vance oil prices Is strong. Cotton is
strong, but has paused. The general
tendency to curtait purchascs where
prices have notably advanced grows
clearer III boots and shoes, in wool nLd
In some products OF iron.
Imports are large, but it is stated
that Bradford manufacturers find 1t
hard to get labor enough to fill their
orders, 80 that delay may cancel many
contracts, as Inferior quality has cun
celled some already.
The brightest feature in oil the horj
Zon IS the certainty TINT the crop of
corn Will he enormous. Irosts now
cau only affect small fraction, and
he surplus Will go into manufacture of
meals.
Our farm produce, which has been
strong, because certuinly short in Weld,
rose from S.19 cents for SPOT cot
ton last week to S.25 on tuesday.
But has since been weak III spite of
concerted oilicinl statements TINT the
decrense is 33 per cent. in some States
and ~ per cent III Texas. The public
observes much skilled and organized
lnOor III these reports, aud also sees,
what many spectators reinse to see,
the 500. 900 bales Old American brought
over. 1t IL earnestly hoped that
Southern agriculture has not sustained
go great calamity.
he annual reports. showing larger
yield last year thnn has been supposed
| only Indicate that more cotton must
roman in the country besides the IN.
consumed stocks abroad. a oniet
innrket without much change OF prices
for time would be blessing TO the
South.
1 he railroads have gained 8 Of | per
cent. III earnings over last yeur for
August. the last week doing better,
though the tonnage east. bound from
Chicago was per cent. smaller for tho
month than i'll 1892, anu the earnings
of nIl roads were l4.3 per cent. smuller.
lhe demand for commercial aud
manufacturing loans and Tor the West
Is somewhat larger, but the money
market Is still easy. Failures in four
weeks of August show liabilities of SIS
O4b,23i, of which $3,3iI, ,S}2 were of
notwithstanding, and 81, ,Oj2, $50 of trnd.
ing concerns against $40, l3g, Az last
year. III all So, 1888 manufacturing
and S5,07G,5 ,553 trnding, Failures Tor
the week have been 1856 III tue United
States, against 2l9 last yenr, and IN
Canada 81 against II last year.
New York, September 6.-Brad.
streets tomorrow, September 7th, will
say: Favorable crop reports from
nearly all directions aud II continuance
OF tho boom III steel and iron continue
to chnrncterlze the general trade situa-
ton. Latest advices as to the corn
crop nave replaced anxiety with con
iidence in the larger estimates of the
size of that crop and satisfaction with
the outlook Tor trade this autumn.
Harvesting und threshing are inter-
fering little with business in the
spring wheat country, yet Duluth,
Minneapolis and ST. Paul iobbers in
general lines are pushing for new bus
mess. in South Dukotn and Washing
ton farmers show no disposition to sell
their grain. California reports per
feet weather for harvesting The other
side to the crop outlook Is found in
Texas, where worms are said to have
seriously damaged cotton in some sec
ilons.
The growth of builish speculative
feeling engendered by expansion in
trade and Industry was partially
checked toward the close ui the week
by continued gold exports. London's
besrishness aud the low prices for tue
agricultural products of the country.
lubilc interest IN the New York stock
market has bcon increasing. Foreign
exchange Is very duIi, but firm.
he gold shipments throughout were
81. UUo, QUO. Advances in prices this
week aside from Bessemer pig iron.
steel. biliots, bur iron and wire nails.
included gains III quotations for cot
ton. print cloths, hemlock, sole, some
cheaper paper, sugar aud lead, while
wheat, corn, oats, pork, coffee, cattle.
hogs. wool, leaf tobacco and hops are
lower.
Every section of country shows
gain III August over last year, except
the Northwest, which is beginning TO
report trade expansion. dnins are
heaviest and most numerous In the
East aud Middle States, aud the South
Is beginning to experience the effects
Of higher cotton prices in enlarged
bank ciearings.
Wheat stocks available east OF the
Rockies, here and in Canada. fell away
sharply during August, aud for two
IN nths the decrease is 1927. 600.
against increase IN August and July in