The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-06
DUN'S REVIEW OF TRADE.
Bad Weather and Slow Collections
Cause Complaint.

Business on the Mend in the South-No
Improvement Shown in the Iron
Trade-The Exports From New York
Still Below the Imports-The Fall
ures of the Week.
New York, May 5.-Dun's weekly trade
review says: AT netrly all points the
backward season and bad weather, with
slow collections, give cause for COM
plaint.
"At most southern points trade is i'm
proving, though at Louisville money is
close at Nashville the financial situation
is quiet; at Little Rock collections are
slow and heavy rains cause some anxiety.
AT Macon trade is good in groceries
and dry goods and at Knoxville and
Columbus somewhat improved AT Au-
gusta business is dull but collections fair,
and at Savannah trade improves, espec-
tally in naval stores
Business is gaining at New Orleans,
though the crop prospects arc less favor
able on account of storms
cat Jacksonville trade is very fair, but
at Charleston dull with collections very
slow
There Is pressure to sell from the west.
Southern No. , is sold at SS 30. Birming-
ham and Bessemer has fallen at Sl3 40,
atPittsburg bar is cut again and structural
iron is slow
The exports from New York were very
small last week, and for the past four
weeks have been about - O00. 600. below
those of last year. The imports for the
past month were probably 10000 600 or
more greater than the eXpOrts
J"The treasury still reports about S07,-
OOO,O 600 OF gold, but part of the amount
offered by banks has not been received
and pressure in the money markets seemed
likely to arrest Improvement in that di-
rection. On the other hand, foreign ex-
change is lower with increasing pressure
for money here, and there is less prospect
of large exports of gold. Among the FALL
ures Of the week only one is reported of a
rating above $200000. only one between
Sl25, 900 and 300, 600, two between $40, 900
and $40, 900, and eight between $50 coo and
100000, and in all only fifteen of rating
exceeding $4,000 out of 243 in all the
United States and Canada. The total
failures for the week were PIG in the
United States and 81 in Canada"
BRADsTREET's REPORT.
Bradstreet's tomorrow will saw:
'Hhcre is relative improvement in gem
| eral trade, in that large 1obbers and
| wholesalers have revised the list Of
credits they are willing to grant, and in
! other ways have prepared for squalls.
The general tendency Of prices Of
commodities in all lines continues down
ward, Bessemer, pig and billets being OF
30 tos95eeatseach.
''At Baltimore cold wet weather has
! greatly retarded the movement of goods
| from the hands Of retailers and this has
! reacted on the jobbers, so that the whole
sale trade for the season is practically
! ended.
"At Pittsburg and other Pennsylvania
! iron and steel centers the tendency Of
! prices continues downward. Anthracite
| coal is dull at the reduction
TRADE at Memphis, Nashville, Rich
/ mOnd and Charleston is still little brighter
withnh day or two and sales of hardware,
! plantation supplies, shoes, building ma
! terials and rice have been more active.
| Farther south reports are less encour-
| aging Only the larger 1obbing concerns
at Atlanta are reporting collections fairly
satisfactory and trade there is dull as at
| Savannah and Birmingham, although at
! the two latter points the outlook is said
| TO favor some Improvement.
General trade at New Orleans is dis
! appointing, and alarm is caused by high
| water on the Mississippi and Arkansas
! rivers
Little Rock reports that the floods
| have affected business unfavorably and
done considerable damage, particularly,to
cotton, but it is hoped that the worst is
| past
"The unfavOrable weather has exer-
| cised a deep depression in trade circles at
| Galveston, but at Dallas general trade
thus far this year is 80 per cent. heavier
than last year.
cat Louisville, where better weather
has appeared within day or two and
farmers have begun shipping products
more freely, and are securing higher
| prices for them, and at Milwaukee, where
! building operations have been resumed
! and a better request for staples has been
| felt by jobbers, are to be found practically
! the only encouraging reports regarding
! trade from the west and northwestn