The times. [volume] (Richmond, Va.) 1890-1903, 1893-07-15
LITTLE IMPROVEMENT.
VOLUME or BUSINESS REsTRrCTED
AND A WAITINi POLICY RULES.
Good Crop Reports Stimulate Trade
Somewhat In tho south-The Pig
Iron Outpr. Decreasing.

NEW YORK. July AR. G. Dun &
Co.. in their weekly review Of trade will
say:
There is a somewhat better tone in
business. because money markets are
little less stringent. But II cannot be
said as yet that there is any distinct
Improvement. In every direction un-
uFual conservatism prevails; orders are
relatively small, the volume Of business
is restricted, and waiting policy rules.
New York banks have received some
money from the interior, but are not vet
clear that it is best to retire clearing
house certificates, because there are said
10 be weak spots watch may yet require
liberal extension OF -riits. Other cities
have drawn less from New York. be-
cause their business g restricted Some
gold has come already from abroad. and
more is expected within the next week.
but exports Of products do not increase
as much as has been expected.
Trade at ST. Louis is very satisfactory.
with good orders for the fall. and bust
ness ahead Of the average Of the season.
Louisville reports easier money and
business fair in volume.
At Nashville trade Is quite fair. and AT
Montgomery II is improving
At Columbus trade is fair. with col
iections unimproved and at Atlanta sat
isfactory in volume, but collections are
very slow.
Trade is dull at Augusta, though CROP
reports are good, and al Mobile crop
prospects are fair and trade satisfactory.
Jacksonville reports the country buying
small, and collections slow, and at
Charleston the dry goods trade is fair
and money easier, but collections very
slow.
At New Orleans little Improvement IS
seen, and money is very tight, but
better feeling prevails. for crop pros
poets are bright.
The decrease Of nearly 20.000 IN the
weekly output Of pix iron IS not ex-
pected this season. nor Is 70 an unfavora-
bic symptom. Unscid stocks have de-
creased 1000 tons, but the markets are
dull and concessions common.
The exports Of products are light, for
two weeks az New York, being only sl3.-
sl2.MO against Sl5,09,i59 last year. In
June the exports % hreadstuffs. pro-
visions. cotton. oil and cattle amounted
10 $50 705. .96l I'm value against Si2. 792 200
FOR the same month last year. with note
worthy decrease I'm quantities Of most
products. though In wheat and oil the
loss I'm value was due 10 a fall I'm prices.
Failures during the past week were:
For the United States. 37i. against 1853
last year for the same week, and in
Canada o. against % last year.
NEW YORK, July H.-Bradstreets to-
morrow will say: Andcipations OF ex-
cessive demands on New York banks ar
ter July 1st resulted in preparations 10
meet such requests. and while none such
h.. Igaffn.r gf funds nv
capitalists bankers and others caused
high rates for money early I'm the week.
Further restricted commercial discounts
resulted I'm several barks cashng checks
AT the Sub-Tredsury instead OF using the
clearing house. and In other ways pro-
duced n rather less favorable financial
situation than AT the close Of the pre-
ccding week which, however. has since
been relieved Chicago. too. has felt an
Increase I'm demand for funds and New
Yorks relative inability TO supply the
same was commented on West and
Northwest Thus far apparently a tone
has increased commercial discounts
though only 20 a small extent Philadel-
pnia. Boston. Providence and Chicago
have not advanced I'm this respect as an
ticipated, but at the South prospects are
much brighter, a majority of cities re-
porting actual improvement. West and
Northwest no such gain has taken place,
although there is no retrOgrade move
ment The volume Of trade at
Memphis is unchanged, except for sea-
sonable articles in which IL is larger.
Early fall trade has opened at Nashville,
and merchants there are confident Of
fair business soon. Business is dull at
Richmond, except for hats, dry goods
and notions, i'm which IL is fairly active,
with collections improved. There IS some
little improvement In the wholesale lines
at Chattanooga, due 10 commercial trav-
elers having resumed work while al Sa
vannah the business situation is more
encouraging and wholesale grOccrs re-
port collections improving. Mobile re
ports money easier and IN good supply"
a phrase which has not been seen In a
long time. A larger volume OF goods has
been distributed from New Orleans. and
there is more confidence there that trade
will soon become fairly active, because
Of the large crops Of rice, sugar. and cot
ton 10 be harvested IN the lower Mis-
sissippi Valley. which will relieve the
stringency Charleston reports brighter
prospects for trade. and expects actual
Improvement when the liquor question
is settled. birmingham. Ala, and Hous-
ton, Tex. have no new features i'm busi-
ness circles as compared with last week
while az Atlanta trade ha1ts 20 wait for
the coming crop. JObbers and manufac-
turers regard the prospects as favorable.
Dallas says wholesale trade is larger
than last year, but collections are still
slow Galveston reports no Improvement
In this direction. and explains that mer-
chants are asking extensions until after
harvesting