The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-05-09
IN CIRCLES OF TRADE
The Financial Conditions Sound and a Con-
fldence ln Better Things 10 coHe.
OUTLOOK FOR FALL CROPS FAyoRARle
Tho Evident, Though GRADUAL In.
crease tn Volume ofe Business pus
ring tho Past Two or Three Weeks,
Shows rtselr in An EnIarsed
voiume-wool fs at Rock Bottom,

New York, May S.--R. G. Dun Gr Co..
In their weekly review OF trade to-mor-
row will say: sT I
That exports of s5,865, 600 gold this
week have produced no monetary dis 4
turbsnce Is. at once proof Of the sound IS
ness Of financial conditions and OF the
prevailing confidence In better things
10 come. 1t does not matter whether
the gold Is required for Russia or any
where else; 1t would not go from this
rather than other countries II there were
not balances to be met. 85
Much of the hesitation at present is
due to temporarily reduced demand In
some industries and In iron and sfeeI
the power of the new combinations is
being generally tested by refusal OF
orders, SO that the production exceeds
consumption, but consumption exceeds
new buying. The general irregular{ty
OF prices and slackness OF demand for
finished products does not prevent the
marking UP or prices by combinations,
but are largey due to doubt whether
such prices as are Axed can be main.
tanned. Fig iron 1s weaker at the east
and also at Pittsburg, and most finished
products are weaker, with remarkably
narrow demand. I-s
For textile manufactures the situation
is trying. Cotton mills have a fairly
active demand, Though not equal to
their normal output, and for many
months have been accommodating goods,
hoping for better things, so that some
are now stopping, although the demand
for some grades. with higher prices for
cotton has helped to a small advance In
prices. Print cloths are an eighth
higher, but some other grades have
declined, SO that the Average of all quo.
tations Is slightly lower. Woolen manti-
facturers find prices OF wool saggine
both here and abroad, the decline at
London having reached about per:
cent, while the average Of quotations
by Coal G. Bros, Philadelphia was near
ly per cent. lower on May 1, and pricen
have been further reduced by conces4
sions TO clear off stocks &
Cotton speculation has lifted the spot
price to S.3l cents, and profits have beer,
realized from the men who have sold
cotton they did not own, but it is still
fact that the outlook for next fails
crop is unusually favorable. while stocks
here and abroad exceed all possible de.
mands until September lst.
Failures for the week haVei been
253 in the United States, against 227 last
year, and "a In Canada, against "A last
year. h
What Bradstreet Has TO Say. Us
Relatively unfavorable features Of the
general business situation this week !n.s
clude unseasonably cool weather, which
at some centres has checked trade. SS
IN Texas further Improvement in the
cotto!l crop OUTLOOK mas stimulated Job
bers TO send out travellers to anticipate
demand, and the region of which Chpt-
tanooga is the commercial centre Is en-
1oying the results of an extension OF the
truck gardening industry Savannah's
rosin and turpentine receipts and ship
ments are quite active. The outlook FOR
wheat In Eastern Oregon Is bright, and
the like Is true of Kansas, Nebraska. and
Iowa. = G7.-s
More important staples for which
prices are higher. are cotton, print cloths,
Indian corn. oats, lard and coffee. while
quotations for pork, coal and lumbar
remain practically unchanged. "A sale
OF wool is reported at Boston at ..loWest
price on record" from which 1t NAV be
inferred bottom has been reached.
Wheat flour, wheat, sugar, petroleurs1.
Bessemer pig and foundry Irons AavS
likewise been shaded in price.
The evident, though gradual increass
IN volume of business during the past
two or three weeks. shows itself in an
enlarged volume of bank clearings The
aggregate Of the week Is s., ,135, 900, 900 Or
10 per cent. more than last week, but
only seven-tenths Of one per cent larger
tnan In the first week OF May, 1885, all
though 20 per cent. larger than In the
| corresponding week OF 1894
Snys 1t Amounts 70 Nothing ss