The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-05
ENCOURAGEMENT HERE.
Decrease Of Failures and Liabilities Indi-
Gates Improved Business Conditions.
MAY COMPARED WITH PREVIOUS MONTHS
Course OF Prices tn 1870 nnd Now-Ex-
ccssivc Productions OF Goods In
Advance OF Dcmnnd-Iron INDUS.
Try Ginning Ground--Crop Pros.
poets Gaod ana Prices Rule Low.
New York June 4, 1897.

New York June 4, 1897.
X. G. Dun e. Co.'s weekly review Of
trade tomorrow will say:
The statement or failures in May by
branches or business gives much en-
couraScment. In amount OF defaulted
liabilities the month was the smallest
since September. 1895; In manufacturing
liabilities, the smallest except the last
month since September, 1894 Failures
or general stores have not been as small
In any month as in May, 1897; in only
Two months out of thirty-six have there
Dech smaller failures in books and hats,
only i've In groceries and not one trad
ing class In that month has reported
iallures larger than in half the proceed
ing months, though in furniture failures
are father numerous In clothing manu-
lacture the month was the smallest, ex-
cept Tour, out Of thirty-siX, except five
III chemicals. six in woolen goods, seven
III machinery, lumber and miscellaneous
manufactures, and exceeded the average
oniy III IRON and cotton goods and earth
enWafc, owing 10 few failures OF ex-
cepllonal size. Nobody can mistake the
meaning of such returns.
The statement that. except for tho
temporary depression in prices the vol
uhhe ol business transacted Is now larger
tnan 1t was in 1S92-the year Of greatest
prosperity been questioned by
some. But Il comparison Of prices this
week IN the leading branches OF man
u1acture not only confirms that view.
out SHOWS 4 remarkable similarity to the
course or prices IN the earlier months
u Io'", when the most wonderful ad-
vance III production and prices ever
known IN this or any other country was
c!ose At hand. The key Of the situa-
uon is the excessive production of some
SUOuS Ill advance nf
crease In demand. So in 1873 coraI,mp.
llon gradually gained, month by month
uhtll suddenly il was found that the de-
iianu MAJ was great ter that the possible sup
pls. All Know how prices then ad-
!anced ana the most marvellous prorress
IN the history of any country rcs1lltcd
Witnlh Two years. Reports from all parts
ol M me country now show that retail dis
tr1butlon OF products is unusually larra
and increasing. ee
=. mere IS no Improvement In the mar
ket for farm products. Cotton is MOI
higher and the belief that the next cron
VIII be large in spite or the foods Is
general, While the demand for goods
uoeS not change, although in this coun-
Wy IL Is large enough 10 keep the mar
kst TOT most goods steady Nor is there
no "nSds sit,slaootFy ana ,t demand for woolen
soous' ana the sales Of wool fo,. tho
WeeK have only been 5,s35900 hounds
d ainu 1or 1lve weeks "a, Gal 400, against %
oUv'loo IN the corresponding weeks or 1899
ne transactions greatly exceed tho de-
,nands or the mills, although these are
raiser than or late, because the manu-
facturcrs OF woolen goods have stca ALL,
increasing orders
ny IRON industry Is apparently ev
pdndinS production, and is certainly get
l'HS larger contracts, in part bccoi,se of
My low prices, cent being made fo,
,rra1y ..,'T To.oln oessemer pig is stronger and
6iey Jorge q shade weaker under pres-
sure OF Southern anxiety to cali M
ran mills are all full, the Illinois Stani
company having orders for q "a ;lw-,,
.iiiu an bridges In Corea, and there is bet
.er demand for plates and sheets and
:, - on makers or agricultural implements
~ LhlcaSo Tor bars. Shipments OF iron
ore from Duluth far exceed thnsn ns ~,
pieVlous year, both the Minnesota Iron
company and the Carnegie mines shin.
plnS over 100. 600 tons each Dcr yycaI,
" hiie the rod combna ton has not vnt
neeh formed, expectation of it with q
aiSe ; demand, has advanced prices of
nails . cents per keg. Tin is very firm in
spite or visible supply of 43, 1876 tons Mt
i".o cents, and there are large ,lraljnrs
IN copper, not above II cents for lake,
.ead Is in fair demand at 3.25 cents. and
IN plates are still selling at $3.50 for
1ull weight American.
Crop prospects are so good that tbo
rnmors customary at this season receive
no attention. It was stated q week o-o
that along the Northwestern roads
prospects were remarkably bright. and
hlghiy favorable reports have since an
Dcarcd from Kansas and Texas, and are
given in to-day's dispatches from the
racine coast. The receipts at Western
points We're 2,05S.705 bushels. against
2.o0h,iio last year. and the Atlantic cy
ports, -four included, were Q. lG5. 7S7 bush
els. against 1888 S53 last year. The enor-
nous outgo Of corn continues. rcceipts
having been 1921 .023 bushels. against
2 6o!,9S4 for the same week last year. and
the exports were 1926 566 bushels
against l,293,31G last year.
BRADSTREET's REVIEW.
New York. June 4-Bradstreet's TO-
m borrow will say:
Ihc only Favorable features OF trade
are encouragement at the outlook for
rail- business and Improvement in de-
mand ana prices of iron and steel Crops
at the southwest, particularly Texas.
nave improved with seasonablc rains
and the prospect favors larger exports
OF wheat from the Pacific coast.
fairly satisfactory jobbing trade con
tinues at leading cities in Northwestern
spring wheat States.
Business. as a whole, shows no pro-
nounccd activity and the tendency of
funds is to accumulate. Where the
volume OF business exceeds that OF a
year ago. as 1t does In q few lines, pro-
fits are frequently so reduced as to rem
der this years movement less satisfac-
tory. Orders for dry goods, clothing and
shoes for nearby delivery have fallen