The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-20
TRADE IN A DULL RUT.
No Substantial Improvement Shown
in ANY Line Yet.

! Wholesalers and Producers Hesitat-
/ ing on Account of the Uncertainties
! of the Future-The Interior Money
Markets Tightening Iron Trade
Weaker and Prices Demoralized.
New York, May 19.-R G. Dun Il Co. s
weekly review Of trade will say: "Stocks
have rallied from the extreme depression,
but business shows no substantial i'm
provement. The distribution of products
to final consumers is rather less encour-
aging though the weather has been gen
orally more favorable, and at some points
helps retail trade Wholesale business
and production show each week more
hesitation with regard to the crops next
fall, the possibilities Of tariff
changes and money uncertainties.
Some large failures and many of minor
Importance show the effects Of increasing
stringency in the money markets, and
while money is comparatively easy here
the pressure at other points has increased.
Almost everywhere collections are slow
and doubt about the future affects new
undertakings, although the present
volume of trade, based upon past orders,
is remarkably large. The treasury is in
a stronger position than for some weeks
past, but the exports of gold have notably
increased.
THE SITUATION IN THE SOUTH.
cat Louisville the money market i'm
proves, though collections are slow; at
Little Rock money is tight and trade dull,
with slow collections; at Knoxville trade
is sluggish and collections backward at
Memphis trade is quiet, and at Nash
not irp cd
confidence, though money is close
'At Augusta there is no improvement.
AT Columbus trade is a little off and
money tight, but at Atlanta business is
satisfactory and collections good.
Macon reports moderate trade, collec-
tiOns hardly fair, and money close.
''At Charleston trade in groceries is fair,
but other trade is dull. Collections are
medium, but money is in great demand.
New Orleans reports quiet trade, with
much apprehension of floods, cotton de-
pressed, sugar weaker, and money in in
creaSing demand.
1.-The iron trade is weaker, southern
forced sales depressing the price. No i'm
provement is seen in bar iron, and COM
petition depresses plates, Pittsburg hav-
ing taken contracts at amazingly low
prices, while structural iron is lower than,
ever.
"The failures for the week number PAT
in the United States against 1859 for the
same week last year, and IA for Canada
against % last year"
BRADsTREET's REPORT.
Bradstreet's tomorrow will say:
There is no radical or widespread i'm
provement in the conditions underlying
the general trade this week, and in some
respects the relative quiet and declines
in volume in goods sold have become
more conspicuous. Embarrassments
of financial and commercial
institutions and tighter money
at all points have exercised double inhu-
ence-frst, causing bankers to scrutinize
commercial paper as not before for years
and to discount, with rare exceptions
none other than paper of regular Gus
toners, and to mike the jobber and gen.
eral wholesaler still further restrict cred
it's and interior country merchants to
buy only to the extent that he feels conf
dent of being able to dispose of soon.
This conservatism and higher interest
rates are conspicuous at New York, Phil
adelphia, Pittsburg, Cincinnati, Chicago,
St. Louis, Mobile, New Orleans, Calves
ton and San Francisco.
MANUFACTURES SHOW NO GAIN.
Leading manufacturing industries
show no gain, iron and steel Except
Bessemer), pig and steel billets, which
are higher, being as depressed as at any
time this year
Comparatively few orders are received
by Baltimore wholesale dealers on ac-
count of bad weather. Merchants in
almost all leading lines com
plain of a falling off in the
volume of business as compared with
previous years and with anticipations
Savannah, Ga, is about the only southern
city reporting an improvement in general
trade, and even that is Offset by the bank
failures at Brunswick.
AT other points trade remains quiet
and collections slow, while Texas com
plains that the country merchants are
asking extensions
THE sTRINGENCY IN MONEY
''Fears of flood at New Orleans and the
stringency of money have had the natural
influence. Sugar and rice are relatively
most active.
Memphis has no fears of flood now;
says the water is subsiding
Nashville has an exceptional report
In that country collections are improved,
and in contrast with tight money at that
city; shoe and hat travellers are out from
Richmond and are sending orders for fall
delivery. Wholesalers there are scanning
country credits very closely, as are job
bers and others at Charleston, where
large dealers are now seeking interior
trade for cash
ATLANTA advices are that while trade
is quiet, the situation is fairly salts
factory.
The volume of business at Birming-
ham is small, as is that at Mobile, collec-
lions at both points being slow.
Galveston wires that trade has de-
clined materially since May /, and that
tight money is the cause"
RALLY OF THE PRESS CLUBS.
Officers Elected-The Committee on
the Proposed Home Continued