The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-12-18
THE STATE 0ETRADE.
iinsiHess Surprisingiy large for This
.i2 Tima,of tho Year.

- . o.. =
New York, Dec. 17.-R. G. nun &.
Co.'S weekly review OF trade Will say
In It's issue of tomorrow:
Close to It's annual holiday and halt,
the business Of the year is surprisingly
large. Payments through banks are
again 2.5 per cent. larger than In 1892,
heretofore the year of greatest pros
perity; the production of iron and
Woolens and boots and shoes Is larger
than ever before. exports eclipse MI
past records and failures for two weeks
naN Se 9eep us smallest for correspond
'hE weeks in five years. The Treasury
receipts show steudy incr,nsa for tha
hrst haif of December over nrcyjous
months, poth in customs and icrternaI
revenue and heavy payments TO the
government on Union Pacific account
caused silEht Strmgency in money mar
NILS win preparation for large cln-
collation. of bonds. The most wci.rbiy
news or the week is the riss of Nor
c cdS il exports in November to slGG,
o"o'@"p' inc excess or exports in four
months being S229, 2l2.40l, while in half
OF december exports urc nearly as 1orra
acd imports $500, 900 smaller Than In 81
year when the excess OF exports wn
Sos' 100: Probably all records are
surpassed by exports for this yr,r
when have been S97i,6 900 in eleven
ihontnS, and the excess over impnrt 9
VI nve months has probably exceeded
S2S9 900 900. eNeecuc'i
me output of pig iron December 1st
WAS the greatest ever known-o26 Oq1
~ o,,H.!Samn"saHlSt 2l3l39 November LIST, and
'.ooo III November. 1895, the highest
point heretofore. UnSold stocks ALEC
decreased In November % G5o inns T.,
alca'ihS consumption of about o3o OOo
''fis weekly during the month. Kos
Sether declined in the face OF such mo
uuCiion III cents and grey forge % cont,
at ilttSburg. The demand w,s an tbn
Whoie greater and unusual struciuraI
contracts FOR the season were nl,caI
WIN sales of 10000 tens steel mills -,
New York and unexpectedly ben:.v
,.,.i IN Plates. Much buying also
oo,''.H 'v. from expectation OF the wire
cohS'oHHatiOn, including -, 900 tons Rnc-
Ssemer and $4,000 tcrs billets a. pi,,s
nurS No reaction comes in conner
| Hhu exports for the month ora nsti
mated at 10000 tons. and lin nlo "a
sIitntly stronger. Coke production wa e
1850 tons. with contracts making for
ne coming year. mt Sl5O and anthro :
e'te coal was weaker at 1915 here.
Nheat IS just now the backbone of
80 'SH ieid'lonS, ana Atlantic eSports
IN Two weeks have been mOur includedl
''oso''i2 bushels, against 5.al3,677 Ia 81
year while receipts rose TO 10 ofo 100
pushels, against G,625. 3S2 last wear IN,
price gained fraction in snite NJ tbo
speculative decline in Chicago Cow
exports continue to exceed last ware
IN two weeks 6.$26S?4 bushels, apo;r,si
o,o'1,G2' last year, which is a nnrti.
cniarly Significant feature. The nrira
rose but fraction and receipts in Two
weeks were S,o23,O0l bushels. orainst
5,449,1Sl last year. '"'''"'
cotton mannfac.u Is In diGIcu,tv
due TO production last year. from min
excess OF demand ana TO partial trans.
fer OF demand to Southern mills. While
domestic and export sales have bnnn
large they arc behind in production
exceeding that of the hest prcvious
years. Northern and Southern included
ard the effort to straighten things nv
reduction of wages prcsumab iy in.
wolves strike and reduction of oui :
put. Goods are generally weak and
the range of prices is now the lowest
ever known. the reduction in hlnached
goods. prints and wide shectings hov-
inB caused considerable increase in
the demand.