The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-02-08
WEEKLY TRADE REVIEW
The Wonderful Success OF Bond Loan a!tsis.
the Face Of Events Materially d
THE NATION MOUNTS ABOVE ALL DeuBIsl
Importance of she Event Upon MONA.
iactures and Trade Cannet 10
lightly Estimated Signs or I'M
Observation-Disclosures Competitions
Lowers Coke Iron at Chicago. y

New York, Feb. 7.-Dun's reylew wiz
| say Tomorrow: 'S'i p WIS WIS 4
tSlliures for the week have been 32a
IN the United States against 2SI Iast yea IS
mha ,na % IN Canada against 58 last year Ri
Ihe wonderful success of the noniii. ~ ~
loan alters the face of events n Ia mo -, Z I
| operations became ancient history Ing
the natlon mounts above all doubts and 1:
fears to a solid certainty that the peopis$
can and VIII uphold their Government. ..Essa
Wlth Soosooo'0Oo bid by 1900 banks or
persons, tlhe tremendous strength or
the national credit Is as 1t has not bean
| for many years. The Importance o.
this event upon all manufacturing and
| trade cannot be lightly estimated. IT,
scrips the silver agitation of all its
| power to hurt. 1t puts the Treasury
upon safe basis for the time whether
Congress does anything or not. It notisS
1eS foreign nations that the United
states have power rs well as purpose
II unlocks millions of gold which have
been gathered in preparation brings d.
rectly several millions of gold from
EUROPE and stimulates the anxiety Of
foreign investors to obtain more securi-
ties With ouch n revision in business
suddenly effected, the customary records
OF the past week and more are OF less
value than usual. but there have beens
signs OF improvement in manufacture
although the prices are nearly one per-
cent. lower this week, and orders forS
wire nails are stimulated by disposI-f
ton to advance the prices again March
lst. There is also more active demand
for plates and sheets. Southern compe4;
tition lowers coke at Chicago and pre-
vents advance at the East. while sales
OF last years spectators in the PItts.s
burg region still depreSS Bessemer The
ore pool is expectedfto fix the price for
the year at 3d. or possibly $3.50. and the
coke pnol still reduces output. Il 3SsS
oh c,,<, a
not gain as yet, leather being about d
per cent. lower for the week. n titss As
The cotton, mills continue generalJyt
active. though talk OF decreasing their
production still continues. Print clotha,
don't rise above 2A cents and some
RrRdstrects Report. 81
New York, Feb. 7.-Bradstreets to-
morrow will say: Y s ??s$
General trade waited the resultsIi OF
the subscription to the bond issue, and,
the sentimental effects of the unexpectsi
edly favorable outcome have been for
easier money and improvements Addt-s
tional favorable inferences are found Int
heavy bank clearings. continued f1rm-s
ness of prices, sustained demand for iron;
and steel and the announcement from
st. Paul, Milwaukee. Omaha and Desf
Moines of a revival In business With
jobbers in staple lines. At the East,
Boston and Phtsburg report favorabIess
trade conditions. General trade at Chf-$
cago, st. Louis, Buffalo and PhiiadeL.s
phia shows no real gains from the pre-
ceding week. when the situation WaaS
quiet and the outlook unsatisfactorysN
The total number OF failures this weeks
as reportedsto Bradstreets Is consideres
Nbly smaller this week. 33S. as contrastedS
with 39S last week, 298 In the week onaS
year ago, 1885, or almost exactly the same
number in the first week of FebruaTyas;
1894, 223 in 1893 and with 214 In 1892. 2SEssSe