The times. [volume] (Richmond, Va.) 1890-1903, 1893-05-20
THE WFER'S TRADE
What Dun and Bradstreet say ABOUT
Business In the South.
NEW YORK. Nay io.-R. G. Dun &

| Co s. weekly review OF trade VIII say
Stocks rally from extreme depression.
hut business shows no substantial I'M
| provement The distribution Of products
| to final consumers Is rather less encour-
| agirg. though the weather has been gem
| c'dlly more favorable and az som" points
| helps retail trade. Wholesale business
! and production show each week more
| hesitation with regard 90 the crops next
| fall the possibilities Of tariff changes and
m6rey uncertainties. Some large failures
and many OF minor Importance snow u
effects OF increasing stringency In the
money markets. and while money Is COM
Iaratively easy here the press urc az other
points has II creased. Almost everywhere
| collections are slow. and about the future
affects new undertakings. although the
present volume OF trade based uTon past
| orders. is remarkably large The treasury
is I'm q stronger position than for some
weeks past but exports Of gold have nota-
biz Increased.
At Louisville the rooney market I'M
proves, though collections are slow. At
L'ule Rock money is tight and trade
dull. with slow collections; at Knoxville
trade is sluggish and collections back
ward. at Memphis trade is quiet. and at
Nashville somewhat better, with in
creased confidence. though money is close.
At Augusta there is no Improvement.
AZ Columbus trade is a little off and
money tight. but at Atlanta business is
satisfactory and collections good. Macon
reports moderate trade. collections hardly
fair and money close. At Charleston trade
i'm groceries is fair. but other trade dull:
collections are medium but money I'm
great demand. New Orleans reports quiet
trade. with much apprehension of floods.
/ IL. .r.H
money in increasing demand. The iron
trade is weaker. Southern forced sales
depressing the price. No Improvement is
seen in bar iron, and competition de-
presses plates. Pittsburg having taken
contracts at amazingly low prices. while
structural iron is lower than ever. The
failures for the week number pa I'm the
United States. against 100 FOR the same
weeI, last year, and "a I'm Canada against
. last year.
NEW YORK. May 10.-Bradstreets
tomorrow will say: There is mo- radical
or widespread Improvement I'm conditions
underlying general trade this week. and
i'm some respects relative quiet and de
clines I'm volume Of goods sold have bee
come more conspicuous. Emharrass-
ments Of financial and commercial i'm
stttutions and lighter money at am points
have exercised "a double influence first
causing the banker % scrutiuize CONNER
Cial paper as not before for years and
10 discount with rare exception none
other than paper of regular customers.
and 20 make the iohber and general
wholesaler still further restrict credits,
and interior country merchant Co buv
only 20 the extent De feels confident of
being able 10 dispose of soon This COM
servatism and higher interest rates ere
conspicuous at New York. Philadelphia.
Pittsburg. Cincinnati Chicago. ST. Louis.
Missouri. New Orleans, Galveston and
San Francisco.
The leading manufacturing Industries
show no gain. iron and steel. except Bes-
semer pig and steel hiliets. which are
higher. being as depressed as al 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 complain of the
falling off i'm the volume of business
compared with previous years. and with
anticipations
Savannah. Ca Is about the only South
city reporting an Improvement iu general
trade. and even that is offset hv % bank
failure at Brunswick. At other points
trade remains quiet. and collections slow,
while Texas complains that country mer-
a flood at New Orleans and stringancy OF
money have had a natural influence.
Sugar and rice are relatively most active.
Memphis has no fear of flood now, MS
the water is subsiding. Nashville has
an exceptional report I'm that country coli
lections are improved and in contrast
with tight money at the 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
beers and others at Charleston. where
large dealers are now seeking interior
trade "f0r cash" Atlanta advices are
that while trade is quiet. the situation is
fairly satisfactory The volume or husi-
ness at birmingham is small. as is that
at Mobile. collections al both points bee
ing slow Galveston wires that trade
has declined materially since May lst
and that tight money is the cause.