The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-06-20
TRADE IS IMPROVING
The General Tone In Business Circles Is
Regarded as Distinctly More Hopeful.
CONFIDENCE IN MONETARY CIRCLES.
stocks Have Gone Higher Than
They Were HeIore tho Breuk
Of Several Days Ago-The Boot
and Shoe Induatry StIII First In
Prosperity and Gaining.

New York. June 19.-R. G. Dun g. Co.
VIII say tomorrow i'm their weekly re-
view of trade: Failures this week have
been 276 In the United Stau,s, as against
ssS last year. and 2S In Canada, against
81 last year
There are continued signs that n gain
IN business has begun. Stocks have
gone higher than they were berore the
artihcial break ten days ago, wheat and
COTTON are in better demand there Is
more confidence In monetary circles and
the tendency toward shrinkaEe IN great
industries seems in some measure. Mt
least, no be checked. Whita the outcome
OF the Democratic Convention is uncer-
tain and the great crops are not We.
wholly beyond danger. a sure and strong
Improvement could hardly be expected
put Nhe tone In business circles has
grown distinctly more hopeful.
The boot and shoe industry not enly
holdS Gts place las the most prosperous
OIL the great Industries, but reports sonra
gain both In orders ana Fn pi1ces
Iextile manufactures do not gain,
STOCKS or dealers are believed to be 90
low mat reDlenishment would now MAKE
Il greac change In the condition of the
industry
The waiting in iron and steel brings
Il signify lower average of prices the
lowest since April 1. and only is per cent
npovc the lowest of the year. though
quotations. Since coke was advanced
to ~ per ton the ovens at work have
decreased 3a per cent. and the weekly
output Go463 tons or SO per cent
Brndstreet's View ofEt.
New York. June 19.-Bradstreet's TO.
morrow Will say:
a national Presidential convention In
the opening week of the between-seasons
perioa OF dullness explains the increased
l,n
trade. In Industrial lines there Is no i'm.
proVement. In iron and steel prices oi
some varieties tend lower and buvers
manifest little interest as to require
ments. Present. activity among dry
goods 1obbers Is confined to working off
Qua lois preparatory to ltock-takine.
manufacturers Of cottons have cut quo
.ationS 10 attract buyers. and while there
Is increased activity In flannes for fall
delivery, recently opened fall prints have
FOUND few buyers. Manufacturers of
wooiens are reported more hopeful and
10 be making Inquiries as ito supplies of
iaw material, but quotations for wool nj
the interior are still above parity with
seaooard prices. At Eastern centers The
iuHDer trade has been Disappointing At
Baltimore general trade is very dull. all
though some merchants are preparing To
send travellers South. Crop prospects In
IeNas are unfavorable. owing to lack of
RAIN but quite satisfactory In South Da-
kosa and west into Washington Rela-
lively the most favora BILE trade report of
the week is from Chicago, where inuuity
iof IRON and steel has Increased, specifi-
cations for work are coming forward
more freely. This has created a better
feeling and the business outlook there
is mo:e favorable.
There Is moderate increase in bank
clearings throughout the United States.
watch amount to Sl,03S. 900 900 this week
All increase OF 10.6 per cent. over the pre-
ceding week, but a decrease of 3.5 ner
cent. as compared with the correspond
ing week one year ago.