Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-11-20
THE SOUTH is MORE CHEERFUL.
The Business Prospects Brighter Since
CIevcland's Election.
[sradstreet's Weekly Trade RevieW.l

CIeycland's Election.
tsradstreets Weekly Trade RevieW.l
There ia n more cheerful tone TO nearly
all telegraphic reports to Brddsfreets from
southern cities. New Orleans reports cot
ton 1c. higher. sugar active, and rice IN
free movement with an upward tendency
to prices. Now that the strike has ended
lower temperature alone IS needed 10
greatly stimulate distribution. These con-
dltions to some extent characterize At
lanta. Birmingham, and Charleston. where
the volume of business has increased and
collections have improved. Like reports
come from Nashville and from Memphis,
while Baltimore, which does large trade
with the South. sends word that while the
seasons consumption of staples has been
small an improved business Tor spring
trade is expected. Business coilections are
generally fair.
Stock speculation at New York is inert,
though foreign buying is becoming more
noticeable. The movement OF prices,
however, is in narrow limits and depends
mainly on bear selling and subsequent
rallies due to covering of short contracts.
The advances of exchange and fears OF
gold shipments create unfavorable feeling
| The agreement of the trunk lines to main
tain rates and regulate competitive traffic
is considered beneficial influence. The
| silver market is dull and does not respond
either to the meeting of the international
conference or the allegation that Englands
policy will be to prevent positive action.
The price of wheat has stiffened little
| this week on reported decreases In avalla-
/ bic export supplies in Australia and India,
! checked deliveries by American farmers.
| and the spread Of the belief that ll2.0JO,-
| 600 fewer bushels produced in the United
/ States this year than last must tend TO
/ stimulate demand and prices later In the
/ wear. Exports, too, continue heavy each
/ week, far exceeding the movement in any
| o'her except last year. This week domes-
| tic seaports, both coasts, exported 3,943,-
600 bushels of wheat flour included):
I against 3,SS5,500 bushels last week. and
/ 1888, $50 bushels in the like week of last
/ year. Indian corn, too. Is trmer on de-
| clining available supplies, small crop esti-
mates, and full average exports.
There have been 2O5 business failures re-
ported to Brdds'resPs tins week, last week
there, were lSS, and the same week one
wear ago 909. The total Of bank clearinss
at cities throughout the country reporting
the same amount this week 10 81 ,335,OO0.-
/ GOO. which is less than per cent. IN excess
Of the like total one year ago and nearly
! - per cent. more than last week, which
was interrupted by tho election.
/ Hamilton, Toronto. Montreal. and Hall
I fax report bank-clearings this week aggre-
eating SOS. 301, 900, or II per cent. more
! than last week, and 80 per cent. more than
/ in the third week of November, 1891. There
/ were Al failures in the Dominion this week.
I Last year the weeks total was AZ; last
/ week it was IA.
/ Locally ia all lines orders are reported
more active than last week; collections
better, and southern trade prospect much
/ brighter