The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-08-15
WEATHER AND TRADE:
THE Sitting Heat Of The Last Ten Days
Had Depressing Effect.
BUSINESS SHOWS NO IMPROVEMENT
I'm Some cities It Ia Rather WORSE
Mercantile Collections Arc SLOW
Evcrywhere-T The Cheering RE-
ports Concerning Crop Conditions
I'm Some states Had Good Effect.

New York. Aug. 14.-R. G. Dun e. Co
will say tomorrow in their Weekly
Review OF Trade:
Failures for the week have been 2gS
In the United States. against 1876 last
wear. and 36 in Canada, against IS last
wear.
An extraordinary spell of deadly hot
weather has affected trade throughout
the country. ana In the East specula-
tive feeling was somewhat affected un-
til Thursday by apprehension of the
possible influence of the Bryan meeting.
With cooler weather there came also on
Thursday perception that the meeting
would not affect business unfavorably
But other conditions were not stimu-
lating. According to Government re-
ports the crops have sustained serious
injuries. Labor difficulties extend and
THE closing OF establishments for want
of work anu the refusal Of commc.-
cial loans by banks, checked operations
in many branches of industry and
trade. The week. therefore. closes as
the last week did, with domestic husi-
ness unusually dull for the season
Iron production was reduced 20 1Gi
tons weekly in July and has been fur
Their reduced since August list while
unsold stocks increased 6.192 tons IN
July. The stoppage of n large share of
the Connellsville coke works and OF
MANY lake iron mines is fair indica-
ton that the two combinations do not
believe anything could bc gained By re-
ducinE the prices Of materials. and the
main difficulty Is obviously the extreme
narrowness of demand for finished pro-
ducts. which is so small that most
transactions are at some concessions
even from the current low prices with
Alabama No. . offered at $3.50 at Bir-
mingham, equivalent to jl025 here.
against sl1.50 for Northern No. . the
market Is not large enough to support
prices of either.
bn cl, t,,I l.
proa ching the end of orders In hand ana
and gradual advances in the prices asked
tend to the restriction OF new orders.
Leather is scarcely changed in price.
many of the tanneries having ceased
operations, but hides are 6 per cent.
lower for the week and have declined
1T.43 per cent. within the last five weeks.
The WOODEN manufacture makes little
change. with not more than Il third of
the machinery now running. ana the
demand for goods does not improve, al
though prices of some important grades
have been further reduced. Nor has i'm
provement appeared in cotton goods al
though the curtailment of production for
some weeks has been great.
1t is Il step toward recovery not quite
pleasant but sure that merchandise inn
ports since July are is per cent. less,
while exports are l6 Per cent. more than
last year. 1t means depression of trade,
but also decrease OF foreign indebted
ness.
New York. August l4.-Bradstreet's
tomorrow Will say:
The volume OF business throughout
the country is practically unchanged.
New features do not point To improve
ment I'M prospects for fan business. In
dustries generally continue quiet with
more men idle than week ago. The
most significant feature was higher
rates for money early in ;hc week and
some difficulty in obtaining time money.
Tn1, tn, 81 tn,
| mediate wants only. Receipts of new
wool exceed sales and manufacturers
prefer to let holders carry the raw ma
terial Jobbers of dry goods report no
outlook for an active fan demand. High
er priced cotton strengthens the views
of manufacturers, but does not sell
goods.
Mercantile collections are dinlcult 10
make at Charleston. and at Atlanta
they are poor jacksonville jobbers re-
port rcm!ttanccs slow a do those at
Birmingham. and in the West--at Clevc-
land, Detroit, Milwaukee, and St. Paul.
There is little or no demand for iron
or steel, Notwithstanding the capacity
of furnaces in bias, was restricted dur
ing July more than $4,000 tons. Manu-
facturers of hardware and jewelry re-
port business excessively dull. Corn
exports from some portions of South
Carolina are discourag!ng while the
vegetable crop In Florida has been
greatly reduced by the drouth. Crop
conditions in Alabama have fallen
OFF within two weeks and wholes ale
dealers At Chicago ana ST. LOUIS report
moderate gains an distribution of dry
goods
The brighter side of the picture is
found in generally favorable c-op cnu-
ditions at the South which has imu-
lated buying nj Baltimore Savannah
New Orleans and Texas. The early move,
ment of co ton Is pointing to lmuroyed
mercant.l lie coll c;ionS. The fnanc al st:l
non at New orleans is relieved by SUI
gar bounty payments.