The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-03-07
in. CIRCLES OF TRADE
The Market Conducted BY Operators Wkas
Cannot Afford to SEQ It Decline Much.
VOLUME OF BUSINESS NOT IMPROVING.
A Number Of embellishments Hava
Closed or Reduced working Ferco
large MiiIs to osfop'ProdneinEfo for
II RTime-Depressfon tn wollea ana
Cotton -Merehandise Pair.

New York, March s.-R. G. Dun al
Co., In their weekly reyfewiof trade, will
say Failures for the week have been
%" In the United. agains s234 last year,
and SO In Canada, against 58 last year.
Ihe Cuban resolutions and the ap-3
pointment Of receivers for the Balti4
more and Ohio were events OF sufficient
Importance to effect almost any situa-f:
ton. It, therefore, argues either re-,
markable strength of conditions or an
entire want OF life and genuine strengthq
In the market that the prices OF sixty
most active railroad stocks. which ave-;
ragged 49.74 per share February I, have;
never fallen since that date lower than
S1935. nor risen above S50.85 per share
The market is largely under the control
OF operators who cannot afford to9see3
1t decline much, but 1t Is also true that
the vote on Cuba and the receivershfpi
had both been discounted
The strength of the market Is largely
due to more satisfactory reports Of rail- y
way earnings. The volume OF business
reflected by clearinghouse Exchangess
Is not materially Improving, the weeks
return showing gain OF only 6.5 per-
cent. over last year and decrease ofS
l7.G per cent. In comparison with thej
same week OF '93. 5S8tg54
The bar iron combination. which raisS;
ed prices not long ago, finds an increagsS
ing part Of the business absorbed BY
outside works. The demand for no class
OF Iron products Is Mt this time brisk
but large structural business Is expected
in the spring, and there is still much
hopefulness about railroad orders, a8y
earnings continue to improve. .ssIB
The reports Of the boot and shoe in-F
terest are not on the whole more en-
couragins this week. shipments from the
East being still nearly 20 per cent. less
than last year, but there was no further
decline In prices. g{t;;i sl8af
ia m nd vx-I,o to1yo ny
demand for Goollen goods, and numbers
of establishments have closed down or
reduced working force. Some further res
ductions have been made In prices OF cot
ton goods, although 1t does not appeaS3
that the concessions have thus far been
successful In calling out new businesg.s
Reports are frequent that many OF the
largest mills are about to stop production,
for time, in order to give the MARKET
opportunity to clear itself. sSS
What Rrndstreets VIII Say. 81
General trade began the week relative-'
ly less fnvorably. but with the change
from high winds and extreme cold which
checked trading. 70 miider weather. in-i
creased purchases and brightes prospects,
| for business have appeared. ~
Unfavorable conditions previously res
| ported are continued. but they are less
numerous than those calculated to ini-s
prove. Conspicuous among them Is con-
/
| cotton goods. Iron and steel have hadg
an unsatisfactory demand, and pricess
| of billets and southern pig are shadedM
| There are also reductions in quotas
tions for cotton print cloths. petroleum.,
hides. and for wheat Indian corn and
| oats. Mercantile collections are generals
| ly unsatisfactory. n
The distribution of general merchap-s
disc Is fairly satisfactory at the SouthS
and least favorably regarded East ands
| North. sss
Interior merchants South have metz
nearby needs and Baltimore travelersS
report sales throughout the South AtlanSs
tic coast and Gulf States satsfactory.sss
Relatively the most favorable situations
trade reports come from Jacksonville,g;
but Galveston says general business fss
quiet and collections ara unsatisfactory.fs a
| Failures throughout the country thtaH
week number 270. against 271 last week.
thus maintaining the improvements!
shown for nearly month The total girssl
the corresponding week year ago wass
1852. !IiFsss.,