The times. [volume] (Richmond, Va.) 1890-1903, 1893-04-29
UNFAVORABLE REPORTS
no IMPROVEMENT IN SOUTHERS
business is REPORTED.
Status of the Wholesale Jobbing Trade In
the Principal Southern Centres-The
Financial Situation.

NEW YORK, April 2s.-Bradstreets to-
morrow will say: General business TINS
week has been affected unfav )rably, ex-
cepticns being so rare as to make them
CONSPICUOUS. Bessemer pig iron ana an
thracite coal declined in price. Eetweeh
seasons trade is reported among JoDpers
and wholesalers South with no improve
msnts compared with the preceding week
at 10 st cities. At Memphis, Nash'iie'
Chatts nooga. Birmingham, Lynchburg'
Norfolk and other cities there has been
no change i'm the movement OF merchan-
disc. and collections are as slow as pre-
vio,.sly. There has been some improve
mont in collections at Richmond. where
the demand Is more active than year
ago. At Charleston, wholesale grocers
are discriminating sharply as 10 credlts,
and some have called their travellers on
the road. At Savannah naval stores are
IN fair demand, and Atlanta manutactur-
ers report satisfactory trade. There Is 10
be decreased rice acreage In the river sec-
tions Of Louisiana. Sugar al New or-
leans IS active and strong, but grain eN-
ports have fallen of because Of smaller
receipts Bad weather I'm Texas has
checked trade again. such cities as Gal
weston. Dallas, Houston feeling the IN
fiuerce.
All larger Eastern centres, except Pitts
burg. where general trade is satisfactory,
report there has been no Improvement
within a week. The volume Of sales Is
no larger. and between seasons char
actar or Business is still conspicuous.
being empha sized by unfavorable weather
and stringency Of money, and at New
York by the naval parade. There are no
improving features at Philadelphia be-
sides the inquiry for petroleum and to-
bacco. Baltimore does not report the inn
provement expected.
NEW YORK. April 2s-R. G.. Dun &
Co.'S weekly review Of trade will say:
President Clevelands decision about re-
demption Of legal tender. all admit. has
arrested what threatened TO become
serious disturbances. Gold exports have
ceased: sterling exchange has fallen 10
siN -; some gold has gone into the
Treasury from Boston and other cities,
and rates for money have declined from
10 to 41-2 per cent. Yet cold and wet
weather and monetary uncertainty have
caused distinct depression in trade. col
lections are almost everywhere behind
and interior money markets are growing
closer or more conservative. The failure
of the Pennsylvania and Maryland Steel
Companies has arrested what improve
ment had appeared i'm the iron business,
while the wooden and cotton industries
grow more unsatisfactory. Reports from
all parts OF the country indicate that
trade has been much retarded bv bad
weather and unsettled money markets.
and complaints Of poor collections are
general. Trade is good and building sup
plies active in Baltimore. but money Is
slllA l. fn
very good. collections free and money In
great demand Southern orders are
small but cotton seed is in demand for
repanting Al points in Tennessee the
trade is generally sluggish and collections
small at Montgomery and Atlanta
some Improvement is seen, but at Charles
ton trade IS dull New Orleans reports
fair trade with a sDecial activity In
real estate and building material. but
there and nj most other Southern points
collections are slow. Distribution Of pro-
duets to consumers fall short OF eXpecta-
ton Of money: uncertainty and faults
make peoDle anxious and cautious.
Wheat seeding has been greatly retarded
by rain. and much cotton has been killed.
and signs Of Industrial depression effect
the purchases OF millions. Failure OF
the PENNSYLVANIA Steel Company causes
much depression, ana makes " hArder
for other business concerns 10 obtain
accommodations. especially In the rail
business. because n Is doubted whether
receivers car renew the compact of
makers. which EXPIRES July ist Trade IN
mig iron is waiting and consumption ot
manufactured products does NOT encour-
| age homes Of better prices. though IN
plates there is more inquiry from shin
wards and IN bar from car-huilfers
Structural iron Is In demand Throughout
| the country hut at low prices.
Business failures during the past week
rnn1her FOR the United ST. Pre-.
| Canada. 90 Total failures. 236