The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-12-25
New York, Dec. "a, 1S9

II. G. Dun &c Co.'S weekly review OF
trade: The weekly reports show re-
markably large holiday trade at many
points, the largest for five years.
Moreover at the season when Wholesale
business usually shrinks, the pressure
of demands for immediate deliveries.
which results from unprecedented dis
tribuItfon ITO consumers. keeps many
establishments at work that usually
begin their yearly resting spell some
what earlier. Instead OF decreasing the
demand for products shows an unex-
pected increase In several important
branches. Foreign trade continues
satisfactory, even In comparison with
the remarkable record OF n year ago.
when exports exceeded sll7,OO0O 900 In
December. Bank failures at Phnadel-
phia, due TO Individual operations,
cause no disturbance, and commercial
failures for the month have been less
than half last years no the same date.
The outgoing flood Of grain Is not
checked by Chicago speculation, though
more corn than wheat has been NOV
ifs. "heat exports, -four included.
have been 3.69S,S2l bushels for the
week. against 1867, ,S06 the previous
week, and 1.5a6,4i3 a year ago, and In
iour weeks 15.7SG.S95 bushels, against
o'oa'5Si last year, while corn exports
tor The week, i,5i0.S2S bushels. against
l,f3l,I4O last year, have been I'm four
weeks 14,4cO, ISL against s,liG,o73 l,s,
year. Last years corn movement was
by far the greatest ever known. ana
this years wheat movement for the
haii year nearly ended. mas been close
10 the maximum reached in 1891 Wheat
mas varied little. closing three cents
higher for the week. after deliveries of
surprising magnitude nj Chicago ana
corn closed nearly n cent higher. Cot
ton has also been moving largely and
has risen n sixteenth.
COTTON goods have further declined
IN prices OF bleached, which meet active
Southern competition. and the RaII
River spinncrs insist upon n reduction
OF one-nfnth in wages. other New Eng.
iand mills Joining. Out OF 1O1 New Eng
iand works 4h have passed dividends
IL at fnil River and Is Others paving
one per cent. for the last quarter. The
rail- In the price OF cotton when mills
were holding heavy stocks of goods
placed this industry in a most en-
paFFaSsihS position. WOJlcn mills have
begun buying domestic wool heavily.
especially Montana and territory. as If
assured or large business for the
season no open. Contracts of unknown
magnitude have been made, 1t is said.
many at previous prices. but others
at moderate advance. Wool is more
firm, traders having disposed of $500 :
o0o pounds territory and 1.500, 900 other
domestic at Boston. and sales at three
cities reached 7.S09.1o0 pounds.
There Is strong demand for iron
and Its products. bcssemer rising 10 $40
and grey forge to 50 at Pittsburg. and
the Eastern Bar association has adj
Vanced the price to IL cent for refined
and l.O2la for common. Owing to nos
siDie changes in freight rates South
ern pig Is offered % cents lower. A
striking feature is the unusual demand
for the season In building cars. of
which 1000 have beeh ordered a, Chi
cago by one trunk line, and rails there
nave advanced to $50 in new business
with sales here Of 5000 tons for home
use. and 1000 for Mexico.
Failures for the week have heen
292 in the United States against 297
last year and SO in Canada. agalus.
a last year.