The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-10-30
Trade Not Quite as Brisk as Il Was a Few
Weeks Earlier In the Season.
FOREIGN DEMAND FOR WHEAT CONTINUES
Six Cont Cotton Due 10 the Relief l,ut
tho Crop la I.nran -soiton Mills
Producing In Excess of Cousuinp- :
iion-Iron nnd Steel Works EnJoy u
Season Of prosperity.
New York. Oct. 2a, 1897,

New York, Oct. o. 1897.
II. G. Dun X Co.'S weekly review OF
trade tomorrow will say:
The testing of retail trade Is In pro
gress. but results are Remarkably re-
tardcd by long continued mild weather
and also by the fever in Southern dis
tricts. Even from that quarter some
large orders lately received show better
distribution than was yet expected. In
spite OF unseasonubly warm weather,
which greatly hindcrs retail dealings in
winter goods at all points east of the
plains, the large number OF supplement
tnry orders with urgent pressure for
quick delivery make ii clear that the
sales In many branches have exceeded
the expectation of dealers, so that re-
plenishment 'of stocks is not yet finish
cd. Meanwhile Wholesale trade and or
dcrs 10 manufacturers have been small
or than when the rush was greatest,
but have nevertheless been large for
this stage. even In u year of general
prosperity, for the payments through
the principal clearing houses have for
the week been 80 per cent. larger than
in the same week OF 1892 and for the
| month G.l per cent
Heavy engagements for outgoing
| wheat, covering 1000 900 bushels ths
week, affect the monetary pr1SpcctS but
still more the produce markets for the
Atlantic exports are large already
| 1851 ,6i9 bushels, flour Included rs wheat
| against 2,3ii ,S4i for the week last year,
nnd in four weeks l3.904,5 against
| 9Sl7.05S last year. Western receipts are
not quite equal to last years for tho
week. but have been 27.9G9, ,2SS bushels
| for four weeks, against 2S,75G.G44 last
ycnr. The market advanced 2E with
No. actually selling above 81 here,
| while speculation at st. Louis Is push
| ing prices yet higher. The possibility
| that Foreign exports may be checked Is
not to be overlooked. but the heavy en-
Engcments besides exports for four
months past prove that foreign needs
| are real and large. The corn movement
was smaller, though exports fell only
800 600 bushels below last years and the
price advanced but slightly
The fall OF cotton to 6 cents for spo.
ana a.5S for January, making the price
the lowest since March 1ith 1895. and
| not half Il cent above the lowest for
nearly half century, Is partly dut to
cmbarrassmentS caused by The fever,
but also indicates the prevailing belief
| That the quantity to come forward +.
large. For two months more cotton has
come inio sight than from the greatest
crop ever grown. in spit of the delays
caused BY quarantncs. burt the tlnfa-
Verablc conditions about the time of
maturity render 1t less likely than usual
| that the top crop viii he satisfactory
so that receipts may drop OFF earlier
than usual. On the ether hand il Is 10
be noted that extensive labor troubles
threaten the manufacturers i'm England
while the lowest price ever known here
for print cloths reflects II heavy accu-
| mulated stock Of other goods as well
| The increase In production by the mills
has been over 40 per cent in len years
| far beyond the increase in population
| and they consumed almost as much cot
| ton in the last crop year, with mater
| Tally diminished demand for goods. az
III the most prosperous years hereto-
| fore
Wool markets have become auict. In
stead Of 1900. 900 pounds reported sold
| in Boston In the last week OF Srptcm-
| Der, 100000. the next week 100000 the
| second week of October and 5000 900 the
| third week. sales have been but 27I0OO
| and at three chief markets 5,23I 800
making the aggregate for the month
"6.29iG $50 pounds. against over G6. 600 COO
| pounds in September. Prices are said
| to be well maintained. though to 5
ccns below former asking prices. but
| occasional heavy sales indicate conces-
| sions for liquidation of speculative lots
| The market for goods is not active
as prices have been so far advanced as
| to binder buying in many cases intcn-
| tionally. and the future Is more clear.
and the nils have ahead quite as large
| contracts as they just now desire.
| The buying cf iron and steel pro-
! ducts, though smaller than of late
| continues to keep works well engaged
/ ahead and induces others TO resume on.
! crations. Both buyers and manufac,u-
! rcrs find it prudent to limit engage
! m5n;s ahead, ana the period Of adi,,s;
| ment Will make the industry safer for
some time to come. There Is great pres
sure for speedy deliveries, hut in bars
| and wires some abatement of dclnnnl
with slightly lower prices for wire
| nails.
Tin Is a little weaker and copper at / (
| cents for lake and competition of home
! producers lowers tin plates to $310
| The cokt output is larger, l49 553 tons
weekly. burt anthracite coal is weaker,
being offered here mt s4.05 against 81 50
| named In circulars.
Failures for the week have been 81?
| In the United States. against go last
year, and % In Canada, against 40
| last year.
AS BRADSTREETS SEES 1T.
New Ycrk. October 29.-Bradstreet's
tomorrow Will say: