Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-09-24
DUN AND BRADsrREET.
The Great Commercial Agencies Report
Improvement.

DUN AND BRADsTREET.
The Great Commercial Agencies Report
improvements.
NEW YORK, September g3-R. G.
Dun & Co.'S weekly review of trade
to-day, says: There is no longer
only microscopic or sentimental i'm
provement that cannot be measured. Some
increase is seen both In production and
In the distribution OF products. True It
is small az yet. but after the worst flnan-
cial blizzard OF twenty years 1t Is not to
be expected that all roads can be cleared
In day. But all conditions, except at
| Washington, favor gradual recovery.
| Business goes on In unquestionlng conf
| dence that the general desire OF the peo-
| pie will In some way prevail. Money has
| been abundant and easy at per cent.
on CALL znd stagnant speculation fortu-
| nately favors greater freedom In CONNER
cial loans. Stocks and products are dull,
without serious fall in prices; the indus
| tries are rapidly r8llying to make good
the scarcity OF supplies caused by weeks
of inaction: the vitality OF the demand
| for goods shows that the wonderful con-
| Stunning power OF the people. IL lessened
| for a time. has not ceased, and the
shrinkage In the record of commercial
disease and mortality shows progress to-
| ward health.
Neither the advance OF 1hc. in ex-
change nor the small absorption Of gold
by the Treasury has been felt, for the
market Is long way beyond the point at
which IL waited with breathless anxiety
for steamers. Monetary conditions favor
revival OF trade and industry. While re-
newals are as large as ever, commercial
loans are no longer unknown. The ma
turity OF large western obligations has
brought hither unusual sums OF money
from that section. but the banks while
retiring part OF the circulation recently
taken out and some certificates have not
retired b large proportion. keeping
weather-eye on the body of commercial
Indebtedness to mature In October and
November
Foreign trade grows more favorable.
Cotton has huctuated much and Is
shade stronger, though nothing appears TO
warrant an estimate which would reduce
the worlds supply OF American, including
the quantity carried over, within 100000
bales OF the largest consumption ever
known.
THE Industries are giving proof that
the consumption OF goods was not as
much arrested as many feared when the
collapse of trade and manufactures came. |
While manufacturers show extreme eau |
ton. and decline to start work without |
orders, piling up goods at their own risk. |
the improved financial conditions enable /
them to accept many orders which would |
have been or were refused some weeks |
ago, and actual orders are rendered fire.
Quent by the exhaustion of retail supplies
in many directions. The number Of works
resumng this week has been at least
hfty-eight wholly and twenty-four In part,
against only fifteen concerns mentioned
as having closed and eight reducing force.
The gain has been greatest In cotton,
where some goods touched the lowest
prices ever known. The industry which
shows least actual gain is the manu-
facture Of iron and steel, where the only
I'm price are downward, and In
spite Of the great decrease in production.
the consumption seems to have shrunk
even more. But even in that branch dis
tinct increase Is seen in the demand for
q few products.
1.-THE failures for the week number only
319 in the United States. against 1873 last
year. and in Canada 20, against q n
year ago. Only five failures were for
over 10000 each The liabilities in fail
ures for the second week in September
were but s3,Oi2129. against $5.3l909S the
first week"
Bradstreets tomorrow will say: aside
from the increased activity in general
trade at Atlanta, Savannah. Dallas, St
Louis, omaha, Kansas city, Milwaukee,
and Minneapolis. no Improvement In de-
mand for staples is reported, in contrast
with the last week. The higher prices
for cotton seem to have stimulated ship
ments in Georgia. but elsewhere receipts
at primary markets are slow. An in
creased distribution OF dry goods, notions,
shoes, and grocery staples IS reported
from Baltimore, but clothing manu-
lecturers who bought heavily last spring
are anticipating a large fall business.
Money is in slack demand at Pittsburg,
and trade has not been as active as last
week, inquiries for iron and steel having
declined. Country buyers at Louisville
have stimulated trade in staples, but the
factories there recently started are not
employing full forces. A reaction is re-
ported IN various lines at Cincinnati, in
which increased trade has been announcer!
N preceding weeks.
Six out of a dozen southern trade centres
report gain over last week. The pre-
Improvement in Memphis
has continued. and the Ike Is the case at
Nashville, but industrial operations are
restricted by the financial situation. The ,
business situation at Atlanta appears
relatively most favorable the higher
prices for cotton having stimulated re-
,eipts, and collections being as good or
,etter than in preceding years. The Chat
anooga merchants also report an in
volume OF business. Savannah's
,otton receipts have increased, but the
naval store movement is restricted. owing ,
o the lack OF tonnage. The cotton goods
Industries at Augusta report the demand
air. Dallas announces increased ease in I
he money market. and a tendency on the
,art of the cotton planters to hold for
higher prices indicates the nature of the
collections are not as free at Rich
nond. and general trade remains dull at
charleston. although grocery, shoe. and
notion drummers report the outlook bet
er. AZ birmingham dizziness character
yes almost all lines. and at Mobile light
eceipts Of cotton tend 70 restrict trade.
Iew Orleans reports improvement, por-
ion of which Is evidently prospective.
The stocks OF merchandise IN the terri
orv near New Orleans are reported small.
)ullness affects some lines of trade at
Galveston. but in millinery and notions
here Is fair demand. Cotton Is moving
lowly"
SENATOR LITTLE RENOMINATED.