The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-11-02
CIRCLES OF COMM ERiG GE
The Volume Of Trade and the CunRli0ag5 g5ts
Business Throughout the Country. Sass
OPINIONS or DUN AND BRADsTREETs|
The Rapid Recovery of Cotton IIasa
Not Increased CONFERENCE.-The !Ife-ss;
tnii Distribution Fnirly Enccurs
nGinG-Therc is ~ Large Dcinnnazs
for Manufactured Prodncis.4{

New York, Nov. 1.-R. G. Dun & Goes
Weekly Review OF Trade, to be issueS8
Tomorrow, will say:
Failurds in October thus far report ed Il
show liabilities of $11,I20,4SS, against h
sS20S,S92 last year and s1S,995, ,494 tnsss
1898. Failures for the week have been sl
21S in the United States. against S249Sl
,ast year, anu 53 in Canada, against 50s5
last year. i y a, Z $S33iSsSSjS
Thc rapid recovery in cotton and the
rise In sterling exchange to the @pointS55
at which the last exports of gold wereg
made have not increased confidence.sI
Whether cotton is kept back by plant
ers, as many reason. or by speculatorssg;
makes no practical difference IL Iner-
chnndlse imports (for the past four:
weeks ut New York 80 per cent orr
slo.2oo,0oo larger than last year) SO fariS
exceed merchandise exports for thesS
past four weeks ut New York 1925 orr
%,6o0,O0O larger than last year), as TO d
cause shipments OF gold There is p az
little better demand for most manufaG-Ss:
turcd products. retail distributionSisEs
fairly encouraging and the closing ofE
many works is less significant at. this&
season than II might be ut others. Cot-&
ton has risen TO cents again, ReceiptsM
are at present very small comparedA
Win last year and 1t is stated that n
banks here have more money loaned
on cotton, to enable holders to keep it,,
without marketing, than ever before.G
INports and taltings OF spinners are
small. and stocks abroad and here so y
large that consumers may be bettere
able to wait than borrowers from
banks The tendency to realize a Eaod-g
crate advance was shown on Thurssg
day, though spot prices remain strong5s
The larger demand for manufacturers d
products has held prices OF cotton goodssI
ana even advanced some prints, in spite
OF last weeks decline In cotton. More;
ACTIVITY is also in iron n nd sfc
products, though Bessemer and gray
forge, billets and plates arc a ljttleS,
lower. Contracts for lake ore hang
hre hecnuse wheat pays s2.25 forS they
the head of the lakes. 1.lr nail CONS
bination reduced it's Noven ler output
to Il third its usual quantity and the
rail output this year has been only
about half the quantity required for
renewals alone, which shows the enors8
nous increase In use of steel for build
ing and other purposes. Minor metals
are n shade weaker and AmericanP tin
plate makers are taking n good part
or the business by selling at 10 cents be-5
low prices for foreign plate sB3S
The volume of domestic trade shown
by exchanges through the prlncipal@
clearing houses is 17.4 per cent larger
than last year for the closing week or
October, but 22S per cent. less than fn8
1882, and reflects in part the extraordi-H
IL : y
Bradstrccts OH General Rusir,sao. sssES
The volume of general business has
hecn smaller this week, due in partSto8
drought, although the widesprea.d%
rains during the latter portion OF the
week have gone for to break the ldryIS
spell. 8 ~
West and Northwest the commercials
demand has been mainly for stapIes.s
but with falling off in volume. " q.
Larger Eastern business centers feel
the effect of the falling off in demanas
at the West, notably Boston, PhiladalSg
phia and Tittsburg. a
At the South general trade ofnesnpIs 4
1obbers at most points Is only fair, and 4
IN some sections mercantile collectionaS
are slower, with farmers holding their8
crops y
Business ut New Orleans at the close
OF the month is smaller in volume. q nas3
is usual, Galveston reports verys lif.tIsSs
Texas cotton remaining in producersta
hands and receipts falling on. sharplgtI
l3ut general trade has improved sorneSsS
what at Memphis. Atlanta and Aug1sta
and to a greater extent at BirminShnIi.& n
where the output of coal and iron 8ft i
much larger than heretofore, and Effhess
number OF employees at work correnEs
pondingly increased with the prbsssl
poets more favorable than for rnonthsS
past.
Bank clearngs in the United Stntass|
TINS week amount to $1.0S2, GOO, ,OOO WI iofIss
is falling off OF nearly per cent5SasS
compared with last week.