The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-19
GAIN RURIN HSs.
nun sS 90. Note nm Improvement I II
TrntlG Conditions.

New York June lS.--R G.. Dun Il
C0mpany's weekly review or trade to-
morrow will say:
The retarding influence OF cold and un-
seasonabie weather has passed. The
gain in business, in spite Of 1t, which
was seen week ago has become clearer
to all AS no genuine Improvement ever
begins with an uplifting OF prices before
the producing force has become fairly
employed, this does not, and the buy
ing OF 1000 bales OF Australian wool by
one Boston house. and 100000 tons OF
pig iron by q Wall street operator, and
advancing prices for stocks, are only
PROOF that the actual conditions are un-
derstood by some capable men, There
is evidence of gradually enlarglnE bust
ness i'll every important department:
more establishments have been set Mt
work and more hands employed, and
while prudence still hnders speculative
e;Xeesses. the progress towards better
lhings Is unchecked Reports from the
various cities this week show Il very
general progress and 4 continuing large
distribution through retail trade.
me PROOF Is. clearer, as Il should be- in
me lndustrial' than in{the trading field
Comlr on lracls @ providing for consumption Of
been made. 100000 within the past
fortnight, 1t Is believed. though Inst
years contracts only Terminated about
Two months ago. Bessemer ore Is SELL
ing lower by 90 to 20 cents than at the
outset The speculative purchase OF ION
600 tons Southern pig 1T $5.75 clears Tia
decR Tor larger business at better flp
ures. and sales at Chicago-15O. 900 tons
nave been the largest for eightee,;
lliohths. s. Reaction after the sudden pur-
onaSe or 5o,ooo tons Bessemer at Pitts
me heaVy orders for bars there and for
nnrgh leaves the price $3.50 per ton but
aoooo tons at Chicago, mainly from i'm
plehieht makers With orders for many
new buildings a. the West, one OF mar-
M Ni.ude AZ fhiladelphia and several at
iNeW crk, the larger demand for plates
ana ana sheets. the order for 90 miles OF
PIPE, and the purchases Of steel RI ils
Mnich nave started the new Joliet worl, q
Mn soou orders, are far more Important
e.,an the. s9eeuia ton; jasnat terla!s.
tons. nearly 2M per cent, without without
chanEe In price Tin is stronger, at l3 ~
cents ana the copper output In Nav,
larger than In any other month this
year, has not yet lowered quotations.
While lead is stronger
The demand for print cloths RI, tho
ilrst time in many months. hns excnsdnd
me weeks production, and the price ha {
risen a shade, while prints and other
grades or cotton goods are in Slightly,
pettcr demand. There Is n more widely
pnted business in woolens than was
expected Clothiers are buying and as
they come late. are in haste. some ia st.
erh mills nave been in the market but
the pulk of the purchases of WOOL has
! again been by speculative houses at R1a-
ION where almost ten million pounds
were sold, against G,551 800 at New York
ana Philadelphia. Western operators
still pay more than Eastern prices wor.
rant. 80
In produce markets The year draws
toward close with slightly stronger
prices for corn, owing to heavy foreign
ouSing, and In cotton owing to a better
1oreiGn demand, Notwithstanding more
ehcouraglng crop reports. Nobody can
count bales in June, but the outlook is
SO far favorable that few make large
ventures against the yield exceeding
nine million pales
Wheat was hoisted nearly 9 cents, but
fell about as much, closing a NC. higher
Tor the week, In spite of reduced West
eln receipts and Atlantic exports. In
Two weeks OF June, Atlantic exports OF
wheat and -four have been equal to A.
9H. .Ga3 bushels against G,2l0, ,S23 las year.
Failures for the week have been lgS
III the United States. against ZIG last
year, and &c in Canada. against IS last
year.