The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-06-06
BUslNEsSlN THE SOUTH
Seems to Be Ia a More Healthy Condition
Than 10 the NORTH.
RAIN INCREASES THE COTTON ACREAGE
Makers OF Cotton for Export are noe
Ing Relatively the Rest Business :.
overprodnction OF Cotton Fabrics
Continues TO Depress PrIces-IRoa
md Steel Hold Their own.

| New York. June 5.-Bradstreet's to-.
morrow viii say: General trade con-
tlnues depres49 In almost all lines.
iHs demand Is smaller than week ago.
ana request for and offerings Of CONNER
cial paper have decreased. Mercantile
coiiections continue complained Of and
the tendency Of prices, particularly on
cereals, sugar. coffee, pork products.
cotton and cotton goods and iron and
steel continues downward
AT the South the more favorable feat.
ures are the rain which visited South
carolina, Georgia and Alabama with
peneht to the crops, about one-sixth In
crease In the cotton acreage of Texas
hlgher prices for rosin, and a larger
Voiume OF business at Nashville, Char
lcston and at Baltimore. Nebras xa, "a
crop prospects were never better. There
Is IL moderate increase IN demand for
ury goods at Chicago. but business there
Ienerally Is disappointing The check
TO trade at st. Louis is IN part the result
OF delays In distribution OF mercha1i-s
oise on account of the late storm. Un-s
seasonably cool weather and rain have
lnterfered with retail trade in TERRITORY
tributary to Kansas City. ~ i'f,
Makers of cotton for export are doing
relatively the best business. Over s,Irs
DIV or cotton fabrics continues to da-5
press prices. Much woollen goods ma
onihery continues Idle. and sales of wool.
ems Tor rail- delivery have not held nm
as expected. Shoes continue firm. iron
ana steel prices in many instan nces a "a
maintained by the strength OF uooIs
,ither consumers are resisting demands
OF combinations by withholding orders
Sr nearby wants of iron and steel have
peen overestimated. Production tenda
to decrease sSiiius sSiiiusi
Il; u. Dun & Co. will say in their
weekly review of trade: Failures for tf,e
week were 234 In the United States
against 1874 last year, and 20 in Canada
AGAINST 25 last year. - -
is Mighty suggestive that with ar
little help as there Is now from nayg
business, markets are so nearly mai.
tanned A. '. = : n
Decline in wheat and cotton MAS helm
ca marketing the surplus, sothat exports
nave been more liberal. - ~
me hardest question of the day Il
"hauher iron and steel prices can he
maintained, as they have been DUNN.
she past week. The nall assoclations
nave failed thus far to win over com.
pstitors. FOUNDERS sell them, and are
able 10 manufacture 75, 900 kegs eeainst
esery i0o.0Qo by concerns in the Combine
more than the selling price of steel +a re-
open hearth billets are more freely s,oif
at Pittsbug below the price asked for
sessemer, and middle men are still SAIL
price liked by the pool. Naturally the
doubt regarding maintenance of prices
greatly checks demand for the present.
but belief that a much larger demand tS
certain and will not long be detained
Is the one thing which prevents consider- f.
able decline.
Ihe textile manufacturers are waiting
with cotton goods reduced still fnrsSaS
IN prices and ginghams to the lowest
point ever known, while no increase a,p-5
pears In the demand. Sale of wool st51II
rails below the quantity required for q
i9ll consumption, and prices have fur
ther declined. ~