The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-08-24
THE CONDITION OF TRADE
A Review of the Situation by Dun
and Bradstreets.
Ihe Volume of Business Much
Quieter Than Last Week. The
Price OF Wheat Fell 8 SAC.
The Price of Cotton Up
Again. Trade Favorable.
Bv Southern Assoo,ateI Press.

"
Ahrinks, as Is NATURAL i'll August, aud the
shriukage seems rather lurger than
usual because transactions in July were
somewhat inflated for that month The
settlement OF wages in the window
glass works foreshadows higher prices
and the carpet workers about Phila.
delphia, by proposing to accept higher
wuges after September 10th, broke tho
rRnks of employers so that nearly all
consented 10 an advance of a per
cent. on Thursday. The strikes of
clofhiug workers progress every day
towards better wages.
TIE PRICE OF WHEAT FALLS.
The price OF wheat has fallen 3; cents
during the week, recovering u fraction
on Thursday III spite Of all efforts to
hold back supplies from farms aud TO
encourage buying. Wheat ought 10 go
abronrd freely at present prices, but
Atlantic exports, Hour included, have
been only 1852, ,G02 bushels for the
week, against 2,69l, ,764 last year aud
for four weeks only l,34S, ,632 bushels.
against 10, 9SI, Al last year. Impress
sive stories OF short crops nbrond
have little weight in the preseLce of
such IA record and the absteutlun of
aoreign purchasers proves more rilec
tive than the withholding of wheat by
Western farmers. Naturally the 81
cent wheat of the Pacific coast still
goes forward freely in place Of the
Atlantic supplies.
Corn has also declined 1, cents.
while pork and lard, with accustomed
:nconsisiency, rose shade as corn dc
clined.
Cotton has advanced fraction to
40. without any definite Change in
md -,
mense volume Of stock carried over,
in mills and commerclRl hands here
aud abroad, about 1000, 600 bales
American, is by most traders not ap
precIated,
THE STEEL AND IRON TRADE,
1t isa relief to turn to the steel trade,
In which the enormous orders some
weoks ago caused phenomenal activity
1or the season. In iron, notwithstand.
aug some uneasiness because it had
been greatly increased, heavy pur-
cbases by two leading companies have
advanced the price of Bessemcr fifty
cents, and new combination has
raised galvanized bnrbed wire to 81. so,
while combinations are being formed
.n wire rods and common wire and
advance in pricee is expected. Other
prices are unchanged, and the new
orders for iron and steel products are
not at present large.
THE BOOT AND SHOE TRADE,
In boots and shoes the shipments on
old orders again exceed those of any
previous year for the month thus far,
and yet III almost every branch the
new orders are very ecanty, although
prices OF boots and shoes, OF leather
and also hides. are very firmly main
tained.
ACTIVE DEMAND FOR COTTON GOODS.
In cotton goods the demand is rather
active AZ the price of the raw material
advances. but otherwise the business
has not materially changed, aud the
quotation for print cloths Is a shade
lower this week.
wooLEN GOODS HOLD STIFF.
Sales of wool are again smaller than
tn 1892, but the speculative BUYERS
still hold prices very stiliy, and are
supported by the strength in the for
eign market. No marked change ap
pears III the demand for WOODEN goods,
but there ID an increasing apprehen
elon shown by agents regarding the
extensive sales of wooden goods
Failures for the week have been 222
80 ''iS - H''e' ')An'CNf hbuIubt -ot lhsl
Sear, and 43 in Canada. against 33 last
3elr.
WHAT BRADsTREET HAS TO SAY.
New YORK. August 23.-Bradstreets
tomorrow Will say: The volume of
general trade throughout the East,
South, Southwest and on the Pacific
coast Is no longer in volume. In fnct,
ct several Southern and Eastern cen
ters rather more quiet is reported than
week ago.
AN UPWARD TENDENCY IL COTTON.
The price of cotton is mp aeeiu on
further reports OF damage to the crop.
dispatch from Dallas TO Bradstreets 8
says the North Texas cotton crop will
be later than last year and 20 per ceut.
smaller in yield. The price is now
about cents higher than year ago
and cotton goods. notably ginghame,
have been marked up in sympathy.
AN ADVANCE IN IRON
Not only have Bessemer pig and
forge irons been advanced iD price
agaln this week, but 30 have steel bill
lets and barbed wire, wire nails and
wire rods. Leaf tobacco too tends
upward.
Among staples which have remained
Sam are wool, lumber, copper, coal