The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1893-01-28
BUSINESS THE WEEK.
As Reported by the Dun and Brad d street
Commercial A genctes.

NEW YORK, Jan. Pr. G. Dun & |
Cos, weekly review of trade will say
There has been some increase IN the |
distribution of products during the past
week and the demand for manufactured
goods is distinctly larger, so that busi
ness has perceptably improved at many
points, yet the outgo of gold is expected
TO exceed So 600 600 this week, which
reduces the treasury reserves and causes
increased nervousness about the future
aud renders men more reluctant to en-
gage in new undertakings. Money is
everywhere comparatively easy and cheap
nevertheless there is more sense of un-
certainty about the future than appeared
a month ago. Money is IN good de
mand, but currency is returning from
the country and southern cities generally
report ap Improvement, especially Louis
vile, Knoxville and Memphis, with
good prospects and collections At Lit
tie Rock trade is quiet aud collections
are slow, but st Atlanta business in
creases and collections are very fair. At
New Orleans trade is quiet and money is
in fair demand with ample supply, but
cotton is dull with light receipts. Sugar
is still strong. The iron and steel
industry during the past week
has been fair with record breaking
| prices, though the demand and sales are
| large. Bessemer pig at Pittsburg has
fallen to $l3 25, and other markets for
| pig are irregular though sales are large.
Business in finished products is very
heavy, but for many kinds prices are the
| lowest ever known. The contracts for
cruisers given to the Pittsburg works
and for elevated works which were given
to the Pennsylvania mills, are mentioned
as remarkably low, although structural
| iron works have far more business than
usual.
The business failures during the last
week number for the United States 255,
Canada 40, total 295, against 342 last
week.
| Bradstreet tomorrow will say: The
features of business this week have oeen
gradual return of movements of gen
eral merchandise aad produce to their
| accustomed channels. Boats are once
more running freely on some of the
southern streams. Except the river
traffic between New Orleans and the
north and some Atlantic tide water
points, produce and other perishable
goods are again moving freely with a
loss of some of the advances in prices re-
ferred to last week. Eastern joobers
and dry goods mills report the begin
ming of what happens to be the most
active January demand for cotton and
voolen staple goods for years past. Cot
tons are particularly strong and print
cloths are firmer with the surplus cut
down to 1000 pieces, against PAS, 900 6
wear ago Printers are unable to furnish
jobbers as fast as the goods are demanded
and Janusry's sales promise to largely
exceed those for 1902. The usual influence,
have been at work on cotton prices. Tht
English strike, prospects for and against III,
passage of the ant-option bill and reduced o
increased movement from plantations t
ports, the net result for the week showing
decline of I-Io cents. Considerable improve
ment is noted throughout the south, wher
, the effects of the cold snap week or so aG
were severe. Baltimore announces 4 large
| volume of orders than for the same period |
{ IS92 and the reports that country merchant
: | very generally count on good spring trade
: the recent ice blockade having been raised
. At Richmond orders for goods are active
4 with the exception of shoes, as is he deman
= for tobacco, while travellers for that city T,
. port that bad weather prevents their reacf
: ing interior points as readily expected. \
+ Charleston p.;ces for rosin and turpentine al
:, low, but the intended curtailln
/ of outputs of the season is expecte
! TO improve prices and profits. BuSine
has revived at Memphis, where navigatio
y is under way again, while at Atlanta satisfa
tory orders are being received for all stap
- goods AT New Oleans distributive trad
!. has been checked, as well as exports
:, wheat by ice in the river. AT Galveston ar
y other Texas cities country merchants a
- buying freely to supply their wants for sprir
l. trade Mercantile collections througho
h The south, very generally, are slow, as is
- | he exDecfed