The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-08-10
THE OUTLOOK FOR BUSINESS
Some Staple Cotton Goods Have
Again Advanced in Price,
Bradstreets and r. G, Dun & Co.
Furnish Interesting Reports OF
the Condition of Business.
Eastern Manufacturers Con-
fident of Large Trade.
By Southern Associated / prosu

midsummer aud though there is per
certIble relaxation there are no signs
of reaction. The one change of great
Importance the past week ~ emincnlly
Lelpful-the amicabe settlement be.
tween coal miners and employers in
western Pennsylvania, OHIO ami Indiana
1t Is snid that about 100, Goo men will
have their wages Increased after Octo.
her LIST by this adjustment, aud while
the enlargement OF purchasing power
Is OF consequence, 1t seems even more
important that chronic cause of cOu
troyersy has been removed by the new
agreement as to company stores
There Is no important change in crop
prospects, and ut this time no news Is
emineniiy good news. luken alto.
gether. the crops of the year promise
SO much better than was expected II
month ago that tie effect is encourag-
ing, although the other crops except
corn will not be full.
The outgo OF gold continues and eX.
cites some comment. because 1t Is felt
that the boud syndicate could arrest
tue movement ut once If II pleased by
reducing the rate of exchanges. Spec
niatlou has been more successful III
COTTON tDhn III any other product dur.
ing the past week, and Inns lifted the
pr ce al eighth, although 1t cannot he
SAID thut the prospect as to yield has
definitely changed
Some injury has evidently been sus.
tanned from excessive rims and the
government report commands little
more attention.
The Industries continue to make
progress anu higher prices for iron
anu steel products prove that the sup
ply has not yet outrun the demand.
Bessemer iron is shade weaker, but
grey Jorge has advanced about sixty
cents aud finished products are re
mnrkably ilrm with further advance IN
steel beams to l.6 and iii angles To /. 3
cents aud in bar iron TO 3 cents.
Somo staple cotton goods have ugaln
advanced III price. and the market is
unusually strong for the season.
The shipment Of boots and shoes
continno larger than i'll any previous
year, but there is very little new bust
uesS aud mos. of the manufacturers
are getting near the eud of their orders,
whlic many have discharged part of
Their hands. Prices are firmly main.
tanned and there IL little trading IN
leather though 1t ls reported In hides
prices at the West show little weak
hess.
The failures IN July show liabilities
amounting 10 SlI.1SS,5 S,5lO, Of which
s., 2,5i9,UI3 were Of manufacturing and
80, 2S3, '3 OF trading concerns.
Failures for the week were 225 III the
United States. against 2Gi last wear
ana ~ In Canada, against j4 last year.
NEW 1oKk, August 9.-Bradstreets
tomorrow will sny The feaiutes Of
the business week are continuance OF
the remarkable strength OF the de.
mand Tor, the increase IN the produc.
ton ui. and the advance in prices of
steel and iron, practically oil first cssI
producing plants having been put into
service aud not few of the crIpp!e..
Prices Lave shown no great cnuuge
this week, cotton. leather and prints
beiug noteworthy for advances, ami
copper for lis strength after It's sudden
upward rush In price. Business fail.
ures. us reported TO Bradstruets, NUN
bered 9lH throughout the United States
this week against 22l last week, l9T IN
the week one year ago aud II1 two
years ago.
At large eastern centers tho only
noteworthy change Is III Increased con.
hence IN Imrge volume OF business IN
the fall, though as yet no material pro.
bICsS ILs DeeH IIuuC III ILut direction,
There lave been moderate changes
IN general trade in The Southern Stnies.
the most striking beng at Dallas, sud
III general throughout Texas. Crops
OF cotton ard corn there are lnrge, mud
country merchants are buying freely.
building is quite active III Texas, nad
has had the usual effect upon lumber
ana other building material.
Continued delay OF ayment Of the
sugar bount!es continues 10 act Us
GTa8 on general trade III the sugar
district OF Louisiana. Arrivals of new
rice at New Orleans are small uni
prices unsatisfactory. With the free
movement of new crop cotton, South
ern wholesale merchants are confident
general trade will promptly respond.
The center OF commercial activity at
tho West feels q line drawn from ST.
Louis through Chicago. ST. Puul and
minneapolis, with nn improving un-
maud also along the Ohio river val.
ley.
Reports Of largo crops OF Indian corn
ami spring wheat continue feature
aad although II will not be lesoud
danger for more thnu month, mer
chanfs at mauy po hts are beginning o
discount The outlook 10y purchasing
moro freely for fall delivery.
son francisco authorities wire that