The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-26
STATE OF TRADE.
a Review OF tho Past Week by nut.
ana RrnIstreet.

New York, June 25.-Bra dstreet's to-
morrow will say:
Inc persistent misrepresentation OF
the actual state or trade throughout the
country during the past month in an
apparent endeavof to make the prospcc
i've improvements In business appear to
De us present condition, In tho most an
examination to the facts, and Brad
streetS presents condensed results OF In
lcrVieWS with representative manufac-
turcrS and merchants at more than ff
" important commercial and Industrial
oehters east of the Rocky Mountains
me demand, except in O. few lines IS
less pronounced than it was two month.
ago. There is no material Increase in
the volume distributed compared with q
year ago, and prices for many staples
are lower. But there has been an I'M
proVement compared with the situation
pflor TO the Presidential election or 1896
ana as contrasted' with last January
Many or the larger merchants ana man.
uiacturerS characteriZe the .bus!nes.
record for the first half Of 1897 MS n dis.
appointment IN contrast with anticipa-
lsoI tons In sDece nlhsf 1896 On the other
nend corifhdenceF is wtdespreatl+ In a re-:
vlval Of demand this fall
Exports of wheat {ilour included no
wheat from both coasts Of the United
states ana from Montreal this week,
amount to 2156, ZIG bushels comnarnI
with 2,ai0 600 bushels last week S37 OOn
bushels in the week one year ego !, GAG
ouo DushelS two years 1,7l7.O00 bushels
onLee years ago. and as contrusted with
3 9I1,00 bushels in the like woel, or 800
Exports of Indian corn amount to . oe1
eoi nushels this week, compared with !
'I''Voo bushels last week, 1736, 600 hlIsh
els IN the week one year ago SSt mn
nusheis TWO years ago, $4,000 bushels
tiIee years ago. and as contrasted with
C1,..lc Z, T..
New Hork, June 25.--R. G.. Dun G, CO.
weekly review OF trade tomorrow viii
say: VIZ
There is no step backward In business
although the season Of mid-s,1mn1nr
quiet Is near. Improvement continues,
srautai ana prudently cautious as be-
lore although in many branches cyi-
dent, where no signs OF ii appeared =
lew weeks ago. Business men of the
h'SheSt standing In all parts Of tho
country. having gradually perceived
that the tide has begun TO rise, are rcuu
latlhE tneir contracts ana investments
anu their plans for the future with =
confidence quite unknown 10 ,hem y
snort time ago. Great changes before
me adjournment Of Congress are hardly
10 be expected but removal OF uncer-
talnty Is with reason expected to bring
INTO operation buying for months
The main factor at this time Is the
steady frightening prospect for crops.
harvesting of wheat has already be-
gun IN some winter wheat states with
surprisingly good results in the central
region and California, 50 that 500. 900
tons is now called the minimum from
the latter State, and stntisticians OF re-
pute calculate on 60000 coo bushels win
ter wheat beyond the Government cstt-
mate.
Cotton was lifted an eighth without
reason and has fallen back as much
because everything points to a larger
crop than has been commonly expected
Iron and steel products average
small fraction lower III published quota
tions. but only because private conces-
s!ons, which are now refused, were bv
various authorities cOmpacently con-
cealed two weeks ago.
The best Of the news is q material
increase in orders FOR plates, IN part for
ship-bu!lding. in bars for agricultural
implement works, in structural shafts
for buildings and brides and in ealvan-
lied sheets
There IS encouraging increase in the
cottOnS, which have so long been slow
and though It IS but moderate, there IL
nothing Of a speculative character IN th,,
transactions, ana prices are firmly held.
Recorders for wOoiens hive been rather
better than We're expected from clothiers,
and fairly good FOR dress goods. Opera
tions in spring goods are still deferred.
While mills are somewhat better en-
ployed and are buying to some extent.
Failures for the week have been 2l6
in the United States, against PIT last
year, and 81 in Canada, against 24O last
year.