The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-11-23
Efforts to Explain 1t Or Attribute Il to Any
Temporary Influence Are Wasted.
SUCH is THE CONDITION OF BUSINESS.
The ChccIt to Gcncrni Trade Which
Has Been Conspicuous for the Past
Few Wccis stiii Contiuurs- liuscn-
sonnblS 1liId Weather nnd 7taIns
Sonth Purity Responsible.


win say tomorrow in their weekly re-
view Of trade:
Failures for the first half of NOvem-
bcr amount 10 $G,li3.S0S in liabilities.
against $500, ,3O3 last year, and ST.2iS,-
22'a In 1893. Failures for the week have
'Dccn 321 in the United States. against
~ last ear. ana - in Canudn against
81 last year
lieaction IN business there is none.
Efforts To explain II or to attribute il TO
THIS or that temporary Influence are
wasted. When stocks bought In ad-
vance OF consumption have been work
ed OF. men will be able To Judge what
iinal distribution Is To bc expected ana
meanwhile prices are depressed by the
selling quantities bought for spccula-
tion by the pressure Of stocks for
which consumers hac not yet been
found, and by the idea that prices may
so Stlll lower
Gold exports have been large.
amounting to So .257. 900 last week. and
presumably Ia $3.50. 900 this week. but
are rather q result than a. cause of cX-
istinc conditions.
itlc selling of American stocks
on European account havs followed
forced realization in American stock
markets. but the compact Of trunk
line" promises better earnings for rail
roads though 1t has no speculative cf-
feet aud meanwhile the corn carrying
roads are doing especially well Earn
inEs for the g., I half Of November are
the best reported FOR years. showing II
gain of lO.6 per cent. over last year
ana only IS per cent. decrease compared
with 1892.
Products are lower without disturb
ancc or sign of panic.
The cotton market has been assisted
all the week hy small receipts and re-
markRhly stiff statements OF scarcity,
Ian hlt- .f,,.. Il .4s
think short receipts were dclberat ely
organized by planters. II begins 10 he
a decisive fact that exports are small.
partly because stocks abroad are heavy.
ana partly because the manufactures
abroad does not find Il market for the
usual quantity of goods. the British be-
ing especially embarrassed
In this country The cotton manurnc-
turcr has Jared better than most others
escaping an excessive rise and the re-
SultinE decline. While some prices were
marked too high when cotton was above
cents and are lower. most goods are
heid at quoted prices. and the mills
generally have orders TO cover work IN
to next year, but IL Is becoming Il uucs-
non whether retail distribution has
Kept pace with manufacturers orders
or with sales to retailers
iron and steel products are lower,
averaging ] per cent. for the week and
per cent. from The highest. Besse-
.n"r, anthracite. No | nnd bar being
quoted lower, while sales below quota
tions are FREQUENT. There l.: frequent
compositions for orders, most works hav-
III" httic ahead and new business l.;
remarkably small. Structural worl;
!" cut down by the strike Of house
WORKERS here. and quite Il number of
mills. principally bar. have stoupcI
within 81 few days. The associations
reanirm prices. but don't sell enough
TO keep works busy.
Hradstr"cts Idcn Of the Conditions.
Tho check In general trade, which
weeks Still continues. Enscasonnbln
lnild weather and rains have intensified
inns feature. which Is more couSpicuous
south, where the decline in the price of
cotton and consequent cheek TO shin
mcnts are held TO he partly rcsnousi-
blc. But the demand for staples in
creaScS on the account of seasona blr
weather. the result being large order.
Tor holiday spccialtics
COMPLAINTS are made in Texas of ro
Huced shipments of cotton and crop cs
Inmates there are again lowered .rhis
IS III contrast to later reports of The
lrohahlr size of the wheat crop. which
no" place the amount nearly 100 0OD
oJO bushels larger than The crop last
spring, While Philadelphia textile
manufacturers are well cmDloycd. th.y
declare il is without matcrial protits
WOOL remains quiet. with n fair In
qhily, although. although manufactur-
crS are not adding TO their stock. I'm
certainty as to prices of leather checks
buying of shoes by retailers, which de-
Dresses the manufacturing industry.
There is less demand Cor iron and steel
and prices for standard varieties are
lower. about One-half Of the years
advanc" having been lost
Notwithstanding continued evidence
OF moderate reduction In the volume
OF business In recent weeks the total
value of bank clearing continues of
large proportons-$f i 20. 900. .000-which
while II Is 81 per cent. less than last
Week, is fully 10 per cent. larger than in
the corresponding week last year. near
ly IN per cent larger than In the third
week Of November. 1892. and 9 per cent.
more in The corresponding week of 1890
No less striking than week ago Is
the comparatively long list of decreases
of prices for staples. among them
Hesscmcr pig iron ana steel billets;
wheat. corn, oats. pork. lard, and coffee
among food products, and cotton, pc
troleuin. hides, and live cattle and
hogs.
Net railway earnings reported by
roads representing 10 per cent. of the
railroad earning capacity Of the country
point to a steadily sustai incd growth i'm
the volume OF net receipts for nine
months Of the year as compared with
year ago.
Gold shipments this week have been