The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-10-23
PAUSE IN the RUSH
Trade Takes a Eeeded Breathing Spell 10
Find Out Its Bearings.
VOLUME OF BUSINESS STILL HEAVY
Isut There is nn End for tho Present
to Buying tn IN cess of fssIstributive
Denand-BroaHF Foundations being
I.nid for Larger RusineSs-D Decilmo
I'm Cotton Duo to Large Crop.
New York, October %, 1857.

II. G. Dun Il Co.'S weekly review of
trade vii say in its issue OF tomorrow:
After the heaviest buying ever known
in many branches during September
and the first half Of October II was both
natural and desirable thn; Il more quiet
period should give time for testing the
size and temper of retail trade and for
distributing part of the enormous guam
titles bought in textile goods. The rush
Of orders Went far beyond a.! distriDu-
tive demand in August, and represented
great rcplenishmcnt Of stocks, and the
similar rush for goods hlS been cores
pondingiy SrcM. in other lines during
the past TWO months.
In lion and steel and in boots and
shoes there was actual danger OF a spec
ulatirc Initiation OF prices such as was
seen in 1880 but II has not been. IT has
been avoided appircn!ly for this sea-
son by the solid sense Of leading men
who regard Il time Of comparative quiet
as essential 10 the coming ana permnn-
cnce Of prosperity In their lines. AS the
buying for rcplrniShmrnt is partly sat
iSticd and diminishcs. there is some de
crease in :hc volume of t:anSac lions,
though at the same time the working
force has further increased, the wages
OF labor have III numerous cases been
advanced, and the foundation laid more
broadly every week for larger buying
and business: hereafter
The iron industry waits, because pos
| siblc production for che year has been
practically ordered. while neither buy
| ers nor sellers regard contracts at cur
| rent prices for next years business as
| quite safe. itstscnicr pig is a shade
weaker At Sl0.I0 and grey forge at $3.50
| at PittSburg, While hillC:S are hard 10
E"t a any price, owing To the sloppaG
| of Only tSo ks of moderate size,
50 much has the current demand come
TO exceed production. Sales of warrln;
| pig Iron at rhiladelrh!a - cents below
J iS nHt In a l,,t-i
| In finished products is almost of ncccs-
| sity smaller, since manufacturing works
are nearly all fun for months ahead. the
| plate mills at :hc West - full that they
could not compete at all for three Rock
| cfCllc" vessels requiring 800 tons each.
! The demand for bars is the hest for n
| long time. ana contracts for the Eas:
| river bridge, for numerous Hcw build
| inGs and railway bridges, are Skill pend
| ing.
The coke ou;ru, has risen 20 1i5 .0S3
| tons weekly, ana Is tEc largest known
| for years. Anthracite coal is sold at
! SALE IN New York harbur. or 20 cents
4 h"Isw the circular, and conservative
estimates make the years output i0,-
| 600.u0p IONS. The only Eotrw 1rlhy fcn-
ture i'll minor metals is the semsL tional
collapse in lead OF 80 points. with sales;
| Of 5000 tons.
The severe decline in cotton to G.l2
| cents from $50 cents August 80. 10 due
~ hItts Gnu commence III ItiSt tSsl
mates In yield. = natural consequence
. - The fall Of print cloths - the lowest
point in the history Of the ma lkct. 2.37
cents, ana cotton goods generally are
easy with l!m!icd sales OF staples. All
wool"n EOodS are firm, hut there Is no
new business Of nO:c for spring out
side Of dress goods. Sales, OF wool have
sharply decreased again at Boston
amounting tn only 3,0i3.000 pounds
agaiuH: over l3OO0.O00 pounds the las,
week in Scptemhcr. and the week there
was the dullcst since January 7. Some
large offerings We're made to realize
profits before prices fall. but quotations
remained unchanged because even II:
half cent decline buyers were not dis
pc-cd Ia take mold.
The produce market acted with rs
| l:;tle appat en-. reason rs usual. Al
! though Atlantic exports of wheat were
3.5IG, Cos bushels. flour included ana for
three weeks OF October 10, pos bushels
against I,1l2."ii last year. With Western
receipts not half a million bushels
larger. III" price advanced 21s cents.
Corn. with smaller receipts ana cXpor,n
barely a quarter of last year. declined
a small fraction.