Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-05-06
THE WEEKS TRADE.
Review of the Situation by the Massrs.
Dun and Bradstreet

DN teleEFapu 10 luc Dlslhltusi
NEW YORK. MGy5.-Dun's weekly trade review
says
At nearly oil points the backward season and
bad weather, as well as slow collections, give
Z use oI complaint At most southern points
trade Il improving, though at Louisville money is
close; at Nashville the nnaGcial situation Is
quiei; at Little Rock collections are slow AMI
heavy rains cause some anxiety; ~ Macon
t-1de Is good In groceries and dry goods and AZ
Knoxville and Columbus somewhat improved.
At Augusta business Is dun, but collections are
fair, and at savannah trade improves, especially
IN naval stores Business II gaming at New
Orleans, though the crop prospects are less IA
vCrahle on account Of the storms. At Jackson
lie trado - very feiI, but AT Charleston II -
cuIl, with collection very slow.
The iron trade SHOWS nn improvement. There
is pressure to sell from the West. southern No
:, - sold at SS.5C. Birmingham and Bc-semrr
have fallen 20 Sl&.4O at Pittsburg, bar IS cut
agaIn. and structural iron is slow. Tho imports
at New lOrG were yerg small last week hnl ior
the past four weeks have been aDout 33,OUO'uOO
below those or last year, - that tue imports
during the past month were probably SlU,OOO,-
600 OF more greater than the exports.
The Treasury still reports about s9I,OOO,OVO
free gold but part OF the amount offered by
bankers hos not been received aud the pressure
on the money market seems likely 70 arrest the
improvement III that direction. On the other
hand, foreign EXCHANGE is lower, with increas-
ING pressure tor money here, aud there is less
prospect of large exports OF gold
Among tie failures OF the week only one ~ re-
ported as rating above s200'OOO' only one as as
petWeen si35.O 600 and 100000, two between
$4,000 and $l2j.0OO, eight between s"O,OOO
and 100000, and in all only fifteen as rating
more than 3 10, ,00J out OF 243 In all the United
states and Canada. The total number of fail
ures during the week were &lb III the Culteu
States and - In Canada.
Blqdstrests tomorrow May 9Th will say
There is a relative improvement; IN general
trade In that large iobbers aud wholesalers have
tho liat of aht
grant and in other ways prepared iof squalls
The general tendency OF prices oil CONF
modiiiss " all lines continues down
ward, Bcssemer pig and blliets being
wet weather has greatly retarded the
movement OF goods from the hanGs of retailers,
aud this has reacted Ol iobbers, 50 that the
wholesale trade for th9 season Is practically
ended Al Fittsburs and other Pennsylvania
iron and steel centres, the tendency OF prices
continues downward. AnthTaeite COAL 100 Is
dull at the reduction.
Tho general trade outlook at Memphis, Nash
Vile, Richmond. and Charleston has become a
little brighter within day or two, and sales OF
hardware, plantation supplies, shoes DulldlnR
materials, and rico nave been more active. Eur
tner south. however, the reports are less en-
oouyaging, only the larger yobbing concerns az
Atlanta saying that collections are falriy satis-
factory. while trade thero Is dull rs al oaYannan
and Birmingham, although at tho Two iatler
points the outlook IA said 10 favor some improve
fneni. General trade az New Orleans Is disap-
pointing, and alarm Is caused by high water IN
the Mississippi and Arkansas rivers. Little
Rock reports that the floods have Affected Dusi-
ness untayoraby and done considerable dam-
age, particularly 20 cotton, but 1t IS hoped the
worst ~ past The untayorablc weather has
exersised depressing influence IN trade circles
also Rt Galveston, but at Dallas gon9rai trace
thus far this year Is 30 per cent heavier thah
last year.
Al Louisvllc where better weather has ap-
peared within a day or two and farmers nave
begun shipping spring products more freely ANA
are securing higher prices for them, and at NIL
waukee, where building operations have been
resumed and q better request for staples mas
been felt oy jobbers, are TO be found practically
the only encouraging reports regarding uado
from the West and Northwest