The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-11-21
TRADE MAKES GREAT GAINS.
Hundreds or Industrial Establish
In0nts Have Rcsumcu

New York. Nov. 2O.-R. G. Dun & CO.
VIII tomorrow say In their weekly re-
View of trade:
"The gain in volume of business con-
tinues entirely without precedent More
than 800 establishments have started
work since the election, which was
Idle, and at the least 300 have increas-
ed working force. Every day thus adds
thousands to the number OF those who
are able 10 BUY weeks supplies, and to
make UP gradually for many months OF
enforced economy. Already this brings
great increase in the volume of bu siness
and the clearing house exchanges for
the first time in several years not only
exceed those of last year by 10 per cent
but also exceed those OF the same week
In 1892 by per cent. Business men are
all anxious to prevent anything like the
fictitious excitement of last summer.
and In nearly all Branches an excessive
rise In prices Is prevented. But, with
more hands at work, there Is inevitably
greater demand for supplies, materials
and products.
The demand for freight room, both
here and on the Pacific coast Is still so
large as to disclose an extraordinary for
eign demand.
Cotton has declined from to 7.2C in
spite of the starting OF so many cotton
mills. and the controlling fact for the
momen; Is that repon.s of d yield small
er than S,000,000 bales, are now entirely
discredited. The quantity coming into
sight has exceeded last years by $780,
600 bales, and Il Is not expected that the
decrease in the remaining months of the
year VIII bring the aggregate below
S,450.o00. The export demand does not
abate, although temporarily checked.
while prices were above S cents and the
increase of S9,400.000 In value OF cotton
exported in October contributed more
than any other single item TO make
Il o. O In hot .,c Ia
month In any previous year.
In transition period, industries re-
cord gains slowly, but the slight decline
in prices of Bessemer pig iron and of
finished products OF iron and steel Is
partly due 10 realizing on speculative
purchases before the election,and partly
10 the selling of nails by jobbers below
the combination price. For most manu-
factured products of iron there Is bet
ter demand, and n slow advance in
prices. Shipments of boots and shoes
for the three weeks of November have
been 1S3,2O7 cases, against 1Ii.lTS last
year, but while the works have orders
for some time ahead. neither manufac-
turers nor dealers are disposed to do
much because OF the unccr q inty- about
the prices, those OF boots and shoes being
about IL per cent above ,.he lowest point
leather 1873 per cent, and hides 5i.i per
cent, the latter again rising at Chicago
In woollen goods no serious changes ap-
pear. although there is continued weak
ness in cottons, and print cloths are low
cr-1-1G.
Failures for the week have been 3iI
in the United States, against 320 last
year, and forty in Canada. against ~
last year"
B;adstreet's tomorrow will say:
"Jobbe"s. and otlrer wholesale dealers
in general merchandise do not report the
anticipated increase in the volume OF
goods distributed this week. There are
increased purchases Of holiday goods,
and the tone of the market for staples
is one of encouragement. Relatively the
heaviest demand has been for dry goods
shoes and groceries, hut even in these
lines. particularly dry goods. the volume
has been smaller than expected and dis
appointment is q result.