The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-07-13
BUSINESS OF THE COUNTRY
Reports of the Mercantile Agencies
on the Condition of Trade.
lndust'iai Activity Continues More
Conspicuous Than Usual. Bank
Clearings the Largest Since
1893. Volume Of Business
Remarkably Large.
pv Southern Associated Press.

q
to morrow will say: AT the close of the
second week in July tho condition Of
| trade generally remains unchanged,
although commercial aud industrial nc
| hvity ut many points continues more
conspicuous than usual ct tue midsnm.
| mer season. Prices generally continue
strong, exceptions bsing found among
the cereals, hoG products. cotreo and
lead, while, ns signiticaut as anything
else, are the exceptionally favorable
outlook for trade IN ths fall, and tho
encouraging pI omise for tho wheat and
| corn corps throughout tha Central,
Western and Northwestern States.
Bcssemer pig iron Id higher again,
Sl1 being asked ut Piusburg aud Sl5
| expected in tho near future. Stool bi-
let's are nlso higher, ms are galvanized
| aud black sheets, hides and mauufac
,ured goods generally. Heavy receipts
of cattle nud hogs; good crop reports
end roducsd purchases of wheat abroad
viii explain reactions III the commodi
ties referred to, while sugar, print
cloths and cotton have remuiuud firm
1T last weeks quotations. New busi.
ness III dry goods is quiet, bnt prices
are steady aud dress woulous tirmer on
tho higher price of raw wool.
Eank clearings througuo uout the couu-
try tnis week present the largest total
| since tic period Of panic III 1893, ST.
| llG. .OO0, 600, 30 per cent larger than IN
the second week of July 1894, aud II
per cent. larger than i'll the second
week OF July, 1873
June railroad earnings show conlin
| ued Improvement III the largest gain
ior any mouth within two years. The
only notable falling oil in June Is that
4 q l,.. .,f 81
caused by tho coal miners strike on
the Norfolk. nud Western.
There were 2G6 fni"res in business
IN the Uniied States this week AS com.
pnred with loI last week, 229 IN the
second week OF July, 1894, and l9S in u
| like week III 1893.
| Al Atlamtn sales OF hardware ar,
larger. but those of dry goods, shoes
and groceries are smaller. New Or
leans reports only fair volume of
| business less than was expected.
NEW IoKK, July l2.-R. q. Dun a.
| Co.. in their weekly review OF trade
| Will say to morrow: business Hoods
are strong and rapid aud conservatives
fear 1t may do harm, Ii out of season
| IN Jniy. But the seasons this wear lap
over aud crowd each other. Nav
fIosts aud frights. it is now evidcnf.
kept bnck much business that would
naturally have been finished before
midsummer, and the delayed culmina.
ton OF one season gets III the way of
another.
But the volume OF business. however
1t may be measured. is remarkably
large TOR the month. otton has not
changed, though speculation still turns
wholly on prospects. regardless OF
enormous stocks carried over In
Europe the manufacture lags, but here
1t is satisfactory.
Tho weekly output of pig iron was
III, l9l tons, havlng risen l3, DO7 tons
IN June, and other furnaces have gone
INTO operation since July t. The rnpld
rise Ill prices has brought into opern
tion many additional work, and there
Is still Il rush to buy before prices ud
vance further.
influential manufacturers sre send
ing out warnings that the riso may
easily do mischief, aud prices have, 10
fact, advanced nearly Il per cent IN two
weeks, but are still 10 per cent. lower
than IL October, 1892. The demand
for structural firms are enormous.
l}essemer pig has advanced 10 II, iUH III
PlttsbnrR and wire nails TO Sl.5O, both
higher than IN October. 1892; grey
iOtto W y lt-oI structural beams to |, .
und angles to l.3j.
Wool Is still advancing IN price with
enormous saieF. Opening prices for
many light Woight goods show great
irregulari'y, perhaps majority being
on par with last year cotton gooIs
continue active aud strong with com
paralIveiy littlo difficulty us 10 labor.
1t IS not the season for activity in
boots aud shoes, and orders have fallen
oil. Prices OF shoes. leather aud hides
are as sliil as ever.
Foreign trade Is not unite encourag.
ing, exports for July showing large
decrease.
The failures for the first four days of
july show Liabilities Of 81, 52S. 800, OF
which $3.50, i34 were OF manufacturing
and SIo2. O6j of trading concerns. Fail
ures Mis- week have been 253 in the
United States against 2I7 last year AMI
80 III Canada against 1 lest year.
via summer nc as siik..
Prices to close out. Think of fine
lndn and China silks IN plaids and
figured, worth 40 and 50c., now ONLY
BOZ; Inlirta finished China silk, worth
53r. and 6Oc., now only 39c. India
brocade silk. worth Zoe, now i9c.
Il. a. SAUSpKRs.
Newest Discovery" y"-Ext. teeth ne
palu. N Y ID. EOOms l6Q Main