Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-06-17
The WEEKS TRADE.
How II Appears to the CountrJ's Great
Commercial Agencies.

Commercial Agencies.
fBy telegraph TO the Dispstch.l
NEW YORK. June 1O.-R. G.. Dun a Co.'S week.
IL royiow OF trade tomorrow viii say: Tho cou-
certcd action by the banks o. New York has
changed the situation materially. The failures
and tremendous drain OK mouey 20 the Nsst
had auch efect hat tue banks were UNANIMOUS
in deciding upon inc ISSUE O' cIearilS-n, ,,.s
certificates. but II vas precautionary measure
TO prevent trouble rather thau pecanfs o'
urgency OF the trouble Increased accom- hds-
Hons tor the bugine53 community are eSp1rici
20 result. and dosbtcss Will unles. speed
intion Il M!munted to absorb ali tho
increase IN available resources throngh
undue preference for mirSetablo So
curlties over c,hcr assets Tho excitement at
Chicago end Milwaukee has about ataiet, tut
.he weakness al the banks nj many wcaiern
points continues, ana mo character o. tue iau-
ures reported indicates thai Widespread sifil-
genty g. having Il serious enect upon morcnAhtb
and manufacturers who are IN no way connects
cd with speculative operations. a very sharp
fall 10 foreign exchange removes the chahce OF
gold exports at present, Dut u quo 70 Foreign
purcnases u securities rather Than 10 chhnSe
in trade balances The exports during tho iTo
weeks Of June. II Is true. are but 81 fO",uJo. or
ID per cent. below last years, ana the Imports
show q small decrease 10 place VI tue enormous
Increase reported Tor months. but inc palahcc5
are stil, adverse and are likely 70 he ~ for some
time. -,, -.
wear ago St0cts on hand declined $4,000 tons
in ;He month. but further reduction OF the out
put Is IN progress. The market Tor iron and its
products remains dull and unsatisfactory. bar
being especially weak ana sOGthfTh pig ih''h
pressed for sale.
Reoorts FROM other cities nearly all show
teat money and slow Collections The eGcep-
tons orc. "a 30 money, few southern cilies,
like Cnarloston ami Mobile, ana At Now Orleans
money is In good demand, but IN only fair sup
Div. whhe at KnoLyi tno demand Ia 7nalle-:
Collections ere iair at Baltimore. Detroit, and
Nashville, average at hnoxvino, and goo' ~
The volume o. business has been inuch ahect-
cd by the prevailing Btringency ani caution
about credits.
not car;n,l,d Ivy the string"ncy At all southern
noiu,s trade IA slow or quiet, though al Atlanta
and Mobile p satisfactory trade is reported
Tho fanuros during the past week number Tor
the United States 80, against lo3 last year,
d and "a in Cnuala against 20 last year.
Iradsfrrsts tomorrow will say; 1ho leading
Industries are quiet. most Of them quieter tAan
lost week. rot - iron, the production oil pig
having been rc-u0cl by the blowing Out OF a
I number OF furnaces Cotton and Woollen GOODS
manufacturers are buying very conservauveiy,
and the demand for the finished product IL much
cut into. A dozen of the moro important south-
ern business centres report the financial sUuh'
ton practically unchanged, with TWO excep-
tlons-Richmond noting mat corrections are
slower aud Atlanta that money Is closer Otoce.
d
Memphis. ana az Nashville iavora-
bic report 10 made concerning bnsi,
uees Continuous rains nave cnecAeu
trade nj Charleston and birmingham. Jobbers
are not pushing sales. The demand for staples
AZ Augusta ~ restricted except Tor cotton Bools'
n,thongn at Savannah tho prospect IL slightly
improved ana the volume Of trade Is true
heavier. Floods IN the sugar region Oh boulel'
} ana ana tight money ct New Orleans continue
10 check trade at that city, and Dallas anu oni-
! weston merchants state that conservatism on tht
narf Of bankers f. having an enect on the volume
/ ~ business, toe reasonable duness being III
creased al this time. NJ.
and other eastern centres, owing 10 inc III
/ creased striugency OF money--wool. Shoes COT
tons anI other staples feeling the Influence ~
rniadelphia the outlook Is Tor smaller 10
production, higher prices Tor Goa, ana io|e'
/ nrices for most other staples. The favorable IN
T dications OF a week ago have disappeared
! General trade Is quiet at Baltimore orders are
small and credits are restricted. The sirngenci
h affect NJ all lines at Pittsburg where prlcei
/ are lower. GREATS shorter. and collections
/ slower. Cray forge iron has sold as low e.
. Sl3.lO.