The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-17
The Season Considered, Dun & Co. Con-
slider The Situation Encouraging.
BRADSTEETs SEE IT DIFFERENTLY
sfrilso ThrcatcMa n Coni EIun f,te-
Crops Generally Promising -Syhcnt
shipments faii Oif-EAcnvS Exports
Of Corn-1.nrgo Trnna,ct:ons IN
Wool-Faiinrcs anr tho Week,
New York, July 16 1897.

| "iich may terminate at any time there
IS Scarcciy u tea tire of the business out
iooh oh Whicn Is not encouraging, the sea
| son considered. Crop pospects have
| been improved by needed rain in sou,n
| regions and foreign advices continue TO
/ promise large demand. In many homo
| Industries. particularly IN building.
| there l.; more activity than in any wear
! since 1872, and the week has brought 4
! o"tter demand in boots and shoes and
! IA WoplenS, while the movement OF
| freight, mainly iron ore, through the
Sault Ste Marie canal, its the largest I'm
! us history. With money markets un-
ci'uded, there Is nothing IN sight to hin
de- rapid Improvement When uncertain
| ~ about legis!a ton has been removed.
Tor the miners strike could not last long
! IL huSlnes.s and Industries should become
| acuve, There is much less apprchcn-
SION OF 4 failure Of fuel supply than
there was during the first few days,
! when Prices RAPIDLY advanced.
Large quantities OF coal from West
| Virginia have reached Northern mar
keta but some Of the miners III that
section have struck.
Ihe advance in wheat to size. was
nor due TO the Government estimate,
+! which was followed by a decline. but TO
| foreign advices and consdcrab bic buying
| TOT export demand il already felt from
| even Argentina. While the promise for
| European crops is noI considered bright.
/ The disposition OF farmers to keep back
| wheat for higher prices may affect the
i outward movement. bu: Atlantic exports
| curing JSiE, flour Included have been
2,ll3,4i3 bushels, against 2,953,SlY last
year. although in the same weeks ,65g,-
! 5l: bushels or corn went out AGAINST -
| 5f4 ,OI2 last year. Wheat closed lc high
! en- for the week and corn 1ac higher.
! Co;lcn is JIG higher, the closing or
partial Stoppage Of important New Eng
land mills hardly neutralzing In market
estimation the apprchcnSions of injury
| from drought. The cotton goods mar
itct does not yet reduce large nccumu-
lated stocks, as the curtailment Of pro-
ductlon shows. but Is growing 4 little
more healthy without change in prices.
| Woo!ens FOR the coming season have not
been generally shown, though on som.
10" priced goods advances OF T,& per
cent. arc asked, and presumably will be
| asked on better grades
| There is rather more business In re-
orders, and the tone is more confident
! Speculation in the wool market con-
| tlnuos with prices at ali points stronger,
! at Boston advancing with signs OF :,
, boom among dealers, in which! manuiac-
/ tuners are taking little part, al current
prices, and a. the West where holders
are looking for q great advance I'm
ports Al Boston were %, ,S62 italErs IN two
weeks, ana dealers are said to have
| bought 100, 900 bales more In London
sales We're i0,452,30O pounds at the
three markets for the week and "a ,572, 500
in two weeks. OF which II, 2,617, 200 were
domestic
The output Of iron furnaces July 1st
| was lGf,06t tons weekly, against 1GS3SO
June 1st. but several furna ces have gone
! into blast since July 1st, ana the output
ls large for the season. Presumably an
unprecedented share OF l. is 10 supply
the great steel companies which are
even now putting more furnaces into
blast, and have heavy orders
taken when prices were dropped, while
the demand for structural and plates is
large and for bars improving, though
steel bars are now at The lowest quota
ton ever known in Plttsburg, S7ta 10 so
cents, with Resscmer pig quoted slightly
lower. Tin plates are also lower at
sd 10 for full weight. and less than $500
is paid for 100 pound boxes.
Failures for the week have been 2G3 in
the United States. against 269 last year,
and 2 In Canada, against 80 last. year
BRADSTREET's REVIEW.
New York, July 1t.--Eradstreet's to-
morr0W will say:
The duil"st month in the Industrial
year is duller than usual, n0twithstand-
lnS improvements among pGttcrS and
others. This is due 10 reaction in iron
and steel, prices Of which are back to
lowest points on record, a dragging de-
n1Hnd for boots and shoes and Il threat
ened' famine Of bitumiuous coal. There
are more coal miners out than ct this
time last week, and Notwithstanding as
seTtons that arbitration will end the
strike in the near future, some OF the
larger operators in the Pttshurg dis
trict declare that there IS nothing to ar
btrate.
Manufacturers Of cotton goods and
their agents report trade slow, owing to
higher cost for cotton and low prices
for goods. This has shut down q num-
Der Of cotton mills in Massachusetts s
and Rhode Island. a fairly steady bus
mess is reported by Eastern n1anufac-
turers OF shoes. but this trade at Phil
adclphla is dull, merchants heSttating
TO place orders. Western whoiesale
dealers in clothing report distribution
unsatisfactory. Western bar iron mills
are already shut dow, and If the coal
factory wheels Will stop turning This
checks the stronger and more confident
feeling in industrial circles, which was
80 pronounced a fortnight ago
The heavy loss Of sheep in Australia
due to drought and speculation in wool
here on tariff prospects have made
wool prices higher with large sales.
about S,000,000 pounds at Boston alone.
compared with 100, 900 pounds in the
J like week last wear. 3{j $ &; 5lS5, 5.iE