The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-12-05
NO REVIVAL THIS YEAR
The Jobbsrs and Wholesale Dealers Are All
Agreed Regarding This Point.
SOUTHERN STORMS HAVE HURT TRADE
The Business sofNoyembcr was Much
hettcr than TINT Of October-The
Number of Failures During the
Fast Month wns also Considerably
Lcss-Thc Death of Two TRUSTS.

New York, Dec. 4.-Bradstreets to-
morrow VIII say: General trade contin-
ucs In moderate volume, jobbers and
mhoieSalers being agreed that there will
ne no business revival this year. There
is some activity In holiday goods Rains
nu unu stormy weather SOUTH and cold and
severe weather west and northwest have
checked traffic on interior country roads
,.,t nmu otherwise interfered with the dis
lriputlon OF merchandise. except at some
northwestern centres where more sea-
sohhDle weather has stimulated the de-
inahd for heavy textiles. Throughout
,ne central Mississippi valley there has
ncch no Increase in demand in Wholesale
lines and at the South trade Is char
acterized as dull.
SHOWING FOR NOVEMBER.
compared with the preceding months,
lne showing for November Is IL good one
The total clearings ut 66 cities for No
Nember aggregate Si,564 1907, ,SO4. de-
crease from Il year ago of rs per cent
outside OF New York the total clenrings
Ieil OFT nearly IL per cent. from a year
ago only two large cities In the coun-
Try SHOW increases-New York with SO
cent.
There are 359 business failures report
ed throughout the United States this
week, which is an increase of 63 as
compared with last week. and "A as COM
pared with the corresponding week one
year ago.
II. G. Dun e Co. will say tomorrow in
their weekly review of trade:
FAILURES LESS FREQUENT.
The classified failures for November
given to-day show gratifying reduction
compared with October, and are especi-
any important as showing that the pc
cullar disturbance during the presiden-
tial campaign, which swelled failures
S3G.0o0,00O in August and September, did
not prevent quick return to monthly
aggregate scarcely greater than that of
May. Defaulted liabilities in eleven
months have been St98, ,73S, ,459, against
Sl1S.544 ,202 last year, the increase being
only sl4 10000 outside of those two
months. and this remaining increase Of
only 10 per cent. was also u part due to
alarm during the campaign. The de-
| cline of failures to about 40 per cent. of
the September aggregate gives stronger
| ground for the confidence SO generally
Ground for confidence is also found
In abandonment of two Of the largest
combinations by which the iron indus
try has been retarded. and the possibil-
| lty That two others Will be abandoned.
such state of things within q month
of the election suggests that these or
sanizations, formed when depressed
business failed to support all the works
III existence, are not expected to survive
general revival and ample demand for
products. The immediate effect of
breaking prices is to check large buying
OF iron and steel products, but it will
soon be seen about where prices are
to range. AZ present the base price for
wire nails is S1.25, against s2.55 two
weeks ago, with greater reduction on
| small sizes because new cards reduced
extra" charges.
The coke combination has changed its
| methods so that contracts are openly
made below prices recently ruling, and
there Is some partition OF consumers
among the producing interests
THE COTTON MARKET.
The market for raw cotton is weak.
With over 4,750,000 bales in sight by Dec.
!. when the crop is usually about half
in sight. current estimates would leave
only 3,500,000 bales more to come for
ward in nine months and the larger
consumption in mills does not advance
prices.
The volume of business shown by
clearinghouse returns was for the past
week nearly / per cent. over last year.
and for the month of November 8 per
cent, and II per cent. less than 1892. the
comparison being the best for the past
five months.
Failures for the week have been s7o
in the United States, against 3a4 last
year. and in Canada 55 against 80 last
year.