The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-03-27
wEEIkLF REVIEW OF TRADE.
There Is Scarcely Anything TO fndi
cute improvements

| .
tomorrow will say: While the week Is
not without favorable features, ,lnfa-
Vorable Influences have been more num-
erous. Leading money markets show
no Improvement. Mercantile collect ions
continue slow and the volume OF funds
offered is in excess Of demands for dis
counts. The tendency or Investments to
improve has temporarily disappeared
under the influence OF the Supreme
Courts "anti-trust decision" which ap-
parenty threatens arrangements for the
maintenance OF railway rates, rs we'll as
railway trades union activity, SO FAR as
It may affect interstate commerce.
me tendency OF prices is downward.
quotations being lower for wheat, Indian
corn, oats, coffee, cotton and for pig
iron and steel billets on the outlook for
lower priced ore. Stormy weather. high
water and floods in The Ohio. MISSISSIPPI
pi and Missouri river valleys and in
country drained by tributary streams
have interferer With interior trade
The gradual increase in the number OF
industrial strikes is the outcome Of a
movement to secure higher wages, and
in instances moderate advances have
been obtained. Staples for which prices
are higher, include wool. law sugar,
wheat, flour. petroleum, linseed oil and
turpentine.
Bank clearings at II cities through
out the United States are disappointing,
the total being only SSSS, 900 900 for the
| week, GO per cent. less than last week
| ana IL per cent less than in the like
week one year ago
The rate of commercial mortality con
tinucs the decline shown in recent
weeks, the total number OF business
failures throughout the United States
being aa1 this week, compared with 231
last week and 276 in the like week in
1896
r.. G.. Dun & Co. will say tomorrow,
rtnx nf yro
Iiarely have markets sustained more
surprises rs they have received Of late
with so little loss. Foreign condition,
and London alarms The collapse OF the
iron ore combination. the destructive
floods in the mississippi valley. and The
decision of the Supreme Court against
railway associations, have been used to
the utmost, but not even in railway
stocks has the result been important
with confidence that better times and
larger shu siness are coming, men are less
disposed every day 20 throw away good
investments. and the very fact that
prices OF products are low is regarded as
n guarantee against much further de-
cline. In all industries, also, the num-
Der of mills and shops and hands at
work gradually increases
COTTON was helped upward an eighth
by the flood, but has lost half the gain
although manufacturing is more hone.
ful. Without change in price goods
were In better demand, and sales OF 500
600 pieces print cloths result in a stron-
ger tone.
Speculation in wool has recorded lar
ger sales for four weeks than ever be-
fore, AG,6o5,3Oo pounds, against 81. $751;. SIC
IN the same weeks OF 1892 Much mora
than half IS for speculation, rs nothing
like the full capacity Of mills is en-
ployed.
The wool manufacture Is steadily in
creasns, but cautiously. as It Is too
early 10 anticipate results from changes
which may be made in duties.
Failures for the week have been oa1
IN the United States, against 259 last
week, and 80 in Canada. against 80 last
year. 0II7o71l >''f