The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-12
sEGNS or rSpRING TRADE.
Indications Point 10 mn EARLY "Opens
ing orthr seasons Du.incss.

New York, Feb l.-R G. Dun &
Co.'S weekly review of trade will say
in its issue tn-morrCw:
business IS pushing toward spring ac-
tlv.tE rather carly. Events which have
| cnnrr1ll:d are good buying of iron by
the largest makers. the rise in cotton
| With strength IN goods, the great rail
| way consolidation and the Cuban insur-
| reu,inn. The la':ter. with it's pDsSibii-
ties. operates as : brake on speculation
and fCni!shnsss pf local traders gave
foreign rs Il much d. sired opportunity
| 10 buy sc-ckS on balance about ~. 900
! shares January earnings, $jS.0l7 .il7
already reported, are 1876 per cent. bet
Ter than last year, and 90 better than
in 1S92, showing the best month in six
years at least. and February returns
thus far are promising.
IN rise in cuttOn, iive-s.Xtccnths for
the week. results in part frCm better
prospects for mnnucnctura herr and
abroad. Gwt only in part. Speculs,.ors
became persuaded that efforts for a
short crop this year would prove effcc-
1--WE ana heavy short Interest covered
me attna mo"cms NJ shows no change
| q! cons Iuencc, hirt prices of gnsds
| have stronger tone and foreign pros
poets are better. With the better ,.enc
prevailing. chis manufactures should
sonn feel the heavy demand which other
industries are meeting
Wheat has been strlng with snot nd
vancinE two nts and May %; cents.
though Western receipts have been for
Wo weeks 5S6i,7lS bushels, against
3,"l ,S35 last year. Atlantic exports have
been 321i.43S bushels, flour included.
against A.o2G.59 in rwo weeks last wear
with Pacific exports larg,.
Corn exports are also SURPRISINGLY
well sustained, 7,1Gi. .762 bushels against
''SZ"'N'o last year, and the price has
advanced tlt!e. 1t is yui too early for
prospects 't coming crcp to influence.
markets materially and heavy opera
lions at Chicago, with reported sales
nf million bushels for export on
Ihmrsiay' have deferred speculative
selling
BRADSTREET'S REVIEW
New York. Feb. ll.-Bra1.,raa,s -
morrow will say:
y number OF favorable circumstance
ana events present themselves this
week Perhaps the most notable OF
ihese are the renewed activity in the
IRON ana steel market, accompanied by
prompt ana even rapid advances, in soy
eral grades Of crude pig iron and steel
and the advance in the price of raw cot:
ton. long predicted. but unrealiZed until
lht pItScHt week. w nat might be re-
Sartled as n minor feature in the bust
| ness situation, though at the same ,ima
conveying much that is hopeful to the
interest involved is quite general i'm
proVement in diS.ributive trade ana de-
mand in the central West and in the
South. where spring trade Is reported
opening in good shape. Less Favorable
feGures of the week are the alownet;s
Of spring trade in dry goods to develop
nj New York and other l1a stern centres
Although the advance in cotton has
been claimed 10 be too rapid, il has un-
dOubtedly impaired much more cheer
ful tone 20 the Southern business sit
uation and with the advance in iron ana
steel has done much 10 add to the con-
fidcnCe with which the trade outlook
FOR 1928 is regarded
Business failures continue to make
favorable comparisons with previous
weeks and years, the total for ths. week
JUST ended being 27S, against 2g5 last
week 30l in the corresponding week Of
1857. ISL in the week of 1896, 296 in 1895
and 2SS in 1894.
Wheat exports fall slightly below last
weeks reduced total. aggregating for
the week 3,4l9,5O4 bushels. against g.
G%5,000 bushels last week, 2,051 900 bus
els in 1896, 2,572OO0 bushels in 1895, and
2,O0a, 600 bushels in 1894.
Corn exports show a gain amounting
as they do to d,5OSG00 bushels, agains.
i,l0i, 900 bushels last week, 4,1G9, 600
buShela In this week last year, 3,143,0
bushels in 1896 and $4,000 bushels in
! 1895. sS