The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1893-05-06
REVIEW OF TRADE.

The Monetary and Commercial Condition
throughout the Country as Reflected
Through X. G. Dun e. Co.'s Weekly Re-
view-Cold and Wet Weather and Mone-
tary Uncertainty Have Had Their Eff
rect In Depressing Trade to Some Extent
business Failures, Etc.
NEW YORK, April Or. G. Dun &
Co.'S weekly review of trade, published
this morning, says:
President Cleveland's decision about redemp-
tlon OF legal tenders, all admit has arrested
Wnat threatened to become serious disturb
ance Gold exports have ceased, sterling ex-
change has fallen to 487li and rates for money
nave declined from 10 to Az per cent. Stocks
nave been stronger gaining about 1.50 per
snare for the week. and some produce markets
are rising again. Yet cold and wet weather
ana monetary uncertainty have caused dis
tlnct depression in trade. Collections are al
most everywhere behind and interior money
markets arc growing closer or more conserva-
1--WE. reports from all parts of the country in
ulcate that trade has been much retarded by
pad weather and unsettled money markets, and
complaints OF poor collections are general.
BUSINESS at Boston is not active. In dry
goods 1t is smaller than last year; in wool and
Woolens, cotton, shoes and groceries dull; in
furniture fair, and in lumber, structural iron
ana building materials good. At Philadelphia
A"iiui % hNNO CduSeu SOmo blmlulUy, ana retail
sales are restricted by the weather; wool and
dry goods are inactive and the sales of
topacco liquor and jewelry are SMALL the GRO
Gerry trade slightly improved, while hardware
Is busy and building materials and paints in
falf demand. Trade is active and building
materials active at Baltimore. At Pittsburgh
IRON is In worse condition, but the glass trade
is fair and trade in hardware very good Busi.
ness at Cleveland is fairly good, but lake
irelghts are demoralized and manufactured
IRON active but lower. At Cincinnati the
weather and the money markets are depress-
Ing, but the tobacco trade is good. Money and
collections are slow at indianapolis and Detroit
the weather affecting all trade. Chicago
reports decreased wholesale trade and
collections behind hand, retail trade and con-
struction work being retarded by the weather,
ana building materials below last falls prices.
Inc demand for money is heavy, and banks are
conservative. No improvement is seen at Mil
Waukee, and st. Paul reports seeding retarded
by the weather and collections poor At Sioux
City no panic results from heavy bank failures,
ana at Omaha trade is very active, but retarded
at st. Joseph by bad weather. Business is fair
at Kansas City, cattle steadier, ,ut trade is
quiet at Denver. At ST. Louis the jobbing
trade is very good, collections fee and money
IN greater demand. Southern orders are small
but cottonseed is In demand for replanting.
Al points in Tennessee trade is generally slug
glsh and collections small. At Montgomery
| ana Atlanta some improvement is seen, but at
charleston trade Is dull New Orleans reports
falr trade with special activity in real es-
tate and building material better Most oil
other southern points report collections as
slow.
Distribution Of products to consumers fall
short OF expectation Monetary uncertainties
ana faliureS make people anxious. Wheat seed
ing has been greatly retarded by rains much
COTTON mas been killed, and signs of industrial
depression affect the purchases of millions
Inc dry goods business is plainly taking in
sail, buying only from hand to mouth and
waiting for events, so that this is called the
dlnlest week for years. Sales of wool are
greatly reduced, and some grades of ginghams
cNnbr1cs and other cotton goods are lower
with stocks accommodating. In leather the sales
have been growing lighter for weeks, and
stocks are growing; the boot and shoe shops
are still working on old orders and their ship
ments are large. The failure of the Pennsyl-
van1a company causes much depression and
makes 1t harder for other iron concerns to OBJ
| tain accommodations, especially in the rail
business, because 1t is doubted whether
receivers can renew the compact of
makers which expires July l. Trade In
pig iron is waiting and consumption of
manufactured products does not encourage
| hope of better prices; though in plates there is
more inquiry from shipyards and in bar iron
from builders. Structural iron is in demand
throughout the country, but at low prices
| Copper has declined contracts with consumers
at ii cents for lake being reported Tin is
weaker at 206 cents, and lead at 405 cents. and
| agents have reduced western prices of
| coal 10 cents. Anxiety about money has
| strengthened stocks. Railroad earnings
continue large and the proposed reor-
ganiZation of the Reading causes quite o boom,
while some buying from Europe has been re-
ported. Cotton Is an eighth lower on sales of
eoo bales, in spite of reported injuries the
| pressure of heavy stocks being felt as money
| lghtens. Corn has risen 1 cent, and pork S1
| per barrel, and speculation at Chicago seem
to have revived with the bad weather which
| retards farming operations. Wheat is quar-
ter OF cent higher than week ago, with
sales of 100000 bushels here, though re-
| ccipts at the west are still heavy and
| shipments by lake enormous. Produce
| exports have improved little but for the
| present all exports from New York are much
behind last years while imports here show an
increase of s9,000000. This state of foreign
trade is still of danger to the money market,
which no action Of the administration, how
| ever wise, can entirely relieve.
The business failSSSs during the past seven
| days number, for the United States, 216; Can
| ada, %; total, 23S, as compared with 2Os last
week and 200 the week previous to the last
For the corresponding week Of last year the
| figures were Eli.