The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-06-27
m,DsUMmEa nuLLNEss.
Seems TO Characterixe All branches
of business.

New York, June 26.-Bradstreet's to-
morrow will say: A more hopeful feeling
in trade circles within the past ten days,
explained as due ito the adoption OF
gold plank at st. Louis, has been given
undue weight. Interviews with mer-
chants DIN staple lines at twenty-five of
the more important distributing centres
show that, aside from the increased
strength of wool in the hands of anterior
holders (refieoted at Boston and Phila-
delphta0, an improved demand for hard
ware ait Providence, for clnthiIng and
shoes at Baltimore, shoes and dry goods
ait Memphis, and in some lines at st.
Louis, there has been no Improvement
In trade. AT Chicago, there is a. more
hopeful sentiment, but no increases in
business. A canvass OF leading jobpers
at important cities shows no expectation
OF revival in general trade until after
election, and at some points no real i'm
provement is expected until next year
The volume OF general trade is no
larger than last week; TN some lines IL is
smaller, notably at Ptttsburg and Kan
sas City. midsummer dullness charac-
terizes operations at elmost all points
Relatively GREATEST actt>:oy has been
Shown among Eastern dry goods job
bers, who have sacrificed prices to reduce
heavy stocks of cotton goods. Restrict
ed production of print cloths at Fall
River Is likely to be followed by similar
action at Providence and Augusta. New
England rubber uranufaot oturers are cur
failing production and the situation and
outlook In the IRON and steel Industries
is less satisfactory. with a prospective
cut IN the price of Bessemer pig iron n nd
the probability of the billet combination
reducing quotations and lower prices for
coke. In addition. there are reduced
prices for leaf tobacco, petroleum and
cotton, for wheat. wheat flour, oats.
DOrk lard.
Dun's Review.
r. G. Dun 6; Co. will say in their
weekly review to-morrow:
Failures for the week have been PIT
IN the United States, against 257 last
year. and 20 in Canada, against % last
year
The monetary outlook is not vet clear
to some. The strength shown in recent
conventions by advocates of silver coin
age and expectation that all the ele-
mems favormg that policy may yet be
concentrated, incline them to a waiting
attitude, Their uncertainty retards i'm
ppovement! notwithstanding the more
Widely prevalent feeling that the mone-
tary action Of the St. Louis convention
VIII be sustained by the people. But
MANY mills have waited as long as they
can with safety and signatures have
been given by enough cotton mills OF
fall River to ensure a temporary stop
page. 1t Is stated, the nature OF which
with the Providence manufacturers.
Meanwhile, the Pacific, of Lawrence
and the Naumkeg, OF Salem, have ceas-
ed for time and all the Eastern mills
VIII be represented at a meeting on
Monday with the same object.
The great combinations. which the
Iron Age wisely reasons. tend TO cause
diSastrously low prices. hereafter sill
control the markets both for material
ana hnished products of iron and steel,
though 1t Is reported that lower prices
Will soon be made for coke, owing 10 the
better utilization of bye-products. and
nails owing to the heavy decrease in
consumption. The billet pool reports
no large sale, but middlemen or out
siders continue to undersell it. The new
demand for finished products Is very
light and while quotations average a
shade lower most of them are cut TO Sc
cure business. Bessemer pig is a shade
lower at Sl2.25 at Pittsburg The textile
manufacturers, as has been said, are
generally devising curtailment of pro-
duction and the only change in prices is
downward.