The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-03-28
IN CIRCLES OF TRADE.
The Unpleasant Feature Is the Lack Of I'm.
proyemeat In Mercantile Collections.
REPORTS OF LARGE CROPsIA THE SOUTH
Heavy Failures Have Temporary
Effect on Trade nnd Has Caused
ports From New York SHOW an In.
crense Over Last Year SIX Per Cen

New York, March 27.-Bradstreet'u
tomorrow will say;
Fhe week has brought more favorable
weather, which tends to create q better
icel!nE. But trade. except at Baltimore
minneapolis, st. Paul and Chicago and
10 moderate degree at other points
remains dull and unsatisfactory. The
most encouraging feature Is the advance
IN prices OF wheat, corn and bessemer
pis IRON, tine latter being based on the
hisher value placed OH lake ores. The
oheck III demand for groceries and pro-
VISIONS at the South Is due to Southern
pa having raised larger food crops
thls year. Heavy receipts OF yegeta bIes
at southern markets are followed by re-
ports OF large crops there in sight.
one or the most unpleasant features Ia
The lack OF Improvement in mercantile
collections ~.
Jcial bank clearings continue the re-
cent downward movement and furnish
me smallest total for some weeks.
1877 9',ooo0o0. or per cent less than last
week. ana only | per cent larger than
III the fourth week of March. 1885
w oil in some instances has been zhad-
Ell III price. Trade in wool is almost at
a Sandstill. aside from n few sales ma de
Tor export. Foreign dress wooFlens ara
irGher, the only Improvement In the OUT
'N''N ~ <fIbel lCdil DflcS. Additional
wooilcn mills have closed for lack Of,
orders. oeA VI
Raw cotton Is lower presumably on
,epoits OF prospective large crop THE
le%Ny movement of ginghams appears
10 DC me outcome OF drives and auction
1"' % .le clicot OF which on other fabrics
- depressing. Large accumulatdons 90
mniie Gotten are reported, and the
IoNidehce bankers state that cotton
ma anuiacturers have sought their aid IN J,
nclp them to carry the accuInuiated
neavy mercantile failures have
tethpoTary effect on trade and in in.f
stances have caused n closer scrutinv ~
GreuttS ana check on salcs and distri-g
bu'iohS. only 2T6 business failures ara
reported In the United States com
pnfea with 300 last week. but an unus&
haiY .hrsc proportion OF them are Of COM
phFa'Nely heavy capitalized concerns &
T. q. DUN & co.'s OPINION.
the returns of failures are somewhat
disappointing. Several of mngnitudn
were mentioned week ago. and they
nave swclled the aggregate OF defaulted
ilahlllties for three weeks of March to
;is'"S36l4. against Sl1,27l. .121 last var. A
heaNy failure in Texas will also swell
the aggregate of returns for the past
s, weeh, which Includes $50 in the United
states. against pa last year and 40 in
canada. against ~ last year
NO important change has occurred In
thc general condition of business dur
rcsnnmt. ,oo,0,, "mu ,, II business IN some
they look better.
r,ctnr, itttie more salts
,h,oo us rom new York for
iast So"lhs s an increase over
iast year or SIX per cent. while i'm
~ - na aSe sioWh nearly the same rate
,;.,a IN general the course Of
,,i's piices tehu 10 lafor the mar
Nt.lns vi ataoies abroad.
'ot. i,au ii.ely rise with the coy-
e,ihs s ol snort sellers, but began to de-
ni.ie . again week ago and has been
hssing ever since The receipts from
plantations continue quite as large as
III the same weeks of the last short
crop year ana stocks in sight with the
auahtlties known to be held by Eu-
ropcah ana American mills make up an
ample supply for the rest of the crop
year
lions do not warrant Expectations thajt