The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-01-25
WEEKLY TRADE REVIEW
Apparent Rather Than Real improvement
Marks the Business of The Past Week.
SEEATE'S POLICY INJURIES BUSINESS
Prices of Some Products Have Risen
-Bustncss at Miils Does Not I'm.
prove Demand for Future Textile
deliveries is NnrrOw WOeien
Goods Tend Lower.

New York, Jan. PR G. Dun & Co
Will say tomorrow in their weekly
review of trade:
Failures for fifteen days of January
have shown liabilities amounting to
Sl2.53S.6lI, against $7,50l, 200 IN seven
teen days OF last year, and $l3.65S $50 in
eighteen days cG 1894 The failures for
the week have been 313 In the United
States against 363 last year. and Gl in
Canada, against 80 last year.
The week has been marked by i'm
prGvement apparent, rather than real.
PriceS OF some products have risen
but only because supplies are believed
TO be smaller than was expected
frices of pig iron and billets have risen
but because coke and Gre have been
made dcarer, and not because of any
better demand for finished products.
Money has been easier, but Nny be-
cause more has been borrowed fr0cn
Europe at time when the actual bal
ance of trade takes money away to
Europe. The Senate still Injuries all
business by doing nothing and the
treasury cannot expect to gain In gold
as yet. but lcScs less than was expect
ed. 1t Is generally assumed that the
new loan will be placed without diifl-
cuity business al the mills does not
improve. Payments at clearing houses
for the week are 6.5 per cent. larger
than in 1888, heing less satisfactory
than for 4 long time.
TeNtlle industries do not gain. With
materials practically unchanged they
matt because uhe demand for future de-
livery is 81 narrow. Cotton manufac-
turerS have for months been storing up
staple goods. but prices have gradually
declined ever since October 17th and
now average GA per cent. lower than at
that poiqat. Woollen goods also tend
lower, with small demand and are prac-
iraily ut the prices tf a year ago
though wool is higher. Finished pro
ducts OF Iron and steel are not stronger
while pig iron has advanced 10 per
cent since January 1st. and prices for
hnlshed Product averaged IT per cent
lower than al that time The demand
is plainly too small for the supply. and
uhe works in operation are killing
profits for each other by undertaking
I'm such case lower prices for pig, ore
ana coke would seem inevitab Bile. but
last year The raw materials holsted
everything else, and some expect the
operation TO he repeated While thir
teen furnaces in the Pittsburg region
nave stopped since January LIST, the de-
nianu fvu products of iron has not on
Inc whoie increased. partly because the
OAR. nail. and rail associations have all
refused 10 lower prices.
What Bradstrcets IIns 10 Say.
New York, Jan. 24.-Bradstreet's to-
morrow will say:
An analysis of special telegrams to
Bradstreets from the more Important
business centers throughout the coun-
Try shows considerable irrcgularity in
trade, the most favorable feature being
the tendency of staple prices to adj
vance. The late drop in iron and steel
prices was one OF the shortest on
record: There is interest attached to
me announcement that ten car loads of
Mobile cotton are at Tacoma awaiting
Shipment To Yokohama The fear of dis
turbance I'm the money market as the
result of subscriptions for the new Gov
ernment bonds has been greatly modi-
lied, and tilEc money is offered more
freely. London has inclined to buy
stocks, and short covering has helprd
the advance. The stock market is. how
ever. marrow and professional. Foreign
exchange is dull and less firm, at So
Gold shipments for the week are s., 500.
ou0 No exports arc announced by
SaturGays @ steamers Gold imports for
bond subscription purposes were Sl,15O.
900. The premium of sax for gold or
legal tenders for use in the same CON
nection is stu quoted. but transactions
are less important. 1t seems that bid
ders for the new bonds have generally
completed their arrangements
The falling off of scventy-one busi
ness failures in the number reported
from the United States this week, the
total being only 341. compared with Il2
last week. is somewhat unexpected. but
no less favorable for. compared with the
totai one year ago. 3l2. the contrast is
less marked.
Most favorable reports regarding the
movement of mercha ndisc. present and
prospective. are from Baltimore. where
orders are being received freely and
prospects FOR spring trade are bright;
where
is reported more active than for two
years past. and from Charleston. where
almost all leading jobbcrs report an i'm
provement in business
Carnegie'a latest Enporfation..