The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-11-14

i'St week, tnorc mas already enSueQ q
large Increase In the working force and
in the volume OF trade. Dispatches
telling of about 1--WE hundred establish
mentS which have opcucu or have ma
tertally enlarged their force. though
they fill many columns. give only part
OF the fact. for throughout the coun-
try the gain has hcen surprising even
to the most hopeful
Foreign need Of American wheat con-
tinues an important factor. end the
price has advanced to IS cents, gaining
SIX cents for one week. 10 cents for Two
weeks. and 81 cents since early i'll Sep
tcmber. The price is the highest since
juno 1892.
Many textile works have been start
Ing or Increasing working hours l.ut
there has not been much gain In the do
mn0d as yet AGter purchases OF &C. =
0oO.CO0 pounds OF wool i'm five weeks.
the transactions fell to G.oi: 700 puun as
last week, hut prices were strong and
III some grades one cent higher, untl
even greater advance Is demanded at
the West. while foreign nlarncts are
higher and Australian fully one cent
per pound. The market for cotton
goods IS not yet active. but more liberal
estimates of the cotton crop are general
ly credited causing an eighth decline
to cents The output OF iron furnaces
In blast November lst was l2A.O7i tons
weekly, having been increased ll."gs
tons. or ton per cent. In the latter bart
of October, by confidence in the future.
! 1t Is noteworthy that the prevailing
expectation. Notwithstanding the gen
eral Improvement In business i5 that
some. If not all, the combinations will
decide to reduce prices. The coke coui-
binntinn. II now appears, has not pre-
vented lnrGc contracts for future de-
livery Mt less than 50. it's fxcI price,
and even les than $l75, hut the out
put last week decreased
Failures for the week have been 27G
In the United states against 2S3 last
yenr. and i6 in Canada against 40 last
year.
Eradstrcets tomorrow viii say:
The volume OF business improves
slowly I'm nearly all lines. The most
active demand is among johhcrs in dry
goods. clothing, millinery, shoes. leather
and hardware, and In leading indus
trial lines, nearly 200 mills. factories and
foundri"s having started UP tiils week.
onc-holf ~ them In iron. steel. rachin-
cry, tools, carriages. lumber. Giuss. wool :
en- and cotton goods lines. About 10
other industrial establishments have in
creased working forces or workiag houra
or both.
y partial record &c the number Of
men riven employment in ;Ahustrinl
lines since November 9Th, shows an
aEsrcgate of ncally 10000. Demand for
iron arh steel has not increased after
the activity OF n week ago, but prices
aud the trade continues confident of q
large business during the coming year.
Cotton and cotton goods continue firm
and unchar~cd in prices: print cloths
have an upward tendency. Wool is
hiGncr on more active demand. but
manufacturers are not supplying in cX-
cess Of wants. Other advances in
prices ore for leather, shoes, white pine
lumber, petroleum.. lard sugar, and for
wheat. corn and oats. The strength OF
the statistical nosition Of wheat Is as
married rs heretofore, and renewed in
OUlries are received from Australia.
The conspicuous decreases In prices c,,c
those for coffee. pork and turpcntinc.
Western jnbbcrs report an IN ;reasn III
mail orders. and that between seasons
i'm some lines alone prevents improve
mcut IN demand from iohNing being
general Mercantile collections through
or Central Western and Southern
Sta;ca are easier, but complaints are
still heard from the West.