The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-29
TRADE UNDER A CLOUD.
Storms and Monetary Uncertainty
Have a Bad Effect.

President CIeveland's Stand, How
ever, Admitted to Have Averted
Serious Collections AL
most Everywhere Behind The Dis
tribution of Products to Consumers
Short of Expectations.
New York. April 2S-R. c. Dun & Co. IS
weekly review of trade viii say: "Prcsi-
dent Cleveland's decision about the re-
demption Of legal tenders, all admit, has
arrested what threatened to become a
serious disturbance. Gold exports have
ceased, sterling exchange has fallen to
81 81; some gold has gone into the treas
ury from Boston and other cities, and the
rates for money have declined from 10 to
~ per cent.
Yet the cold and wet weather and
monetary uncertainty have caused dis
tinct depression in trade, collections are
almost everywhere behind, and the in
terror money markets are growing closer
or more conservative.
THE failure of the Pennsylvania and
Maryland Steel companies has arrested
what improvement had appeared in the
iron business, while the wooden and cotton
TRADE RETARDED.
Reports from all parts of the country
indicate that trade has been much re-
tarded by bad weather and unsettled
money markets, and complaints of poor
collections are general. Trade is good
and building supplies active at Baltimore,
but money is tight. At St. Louis the
iohbing trade is very good, collections
free and money i'm greater demand
Southern orders are small, but cotton
seed is in demand for replanting.
AT points In Tennessee trade is gener-
ally sluggish and collections small
AT Montgomery and Atlanta some i'm
provement is seen, but at Charleston
trade is dull.
New Orleans reports fair trade, with
special activity in real estate and build
ing materials, but there and at most other
southern points collections are slow.
DEPRESSING INFLUENCES.
THE distribution of products to con
sumers falls short of expectations. Mon
etarE uncertainties and faults make peo-
pie anxious and cautious.
Wheat seeding has been greatly re
tarded by rains and much cotton has been
killed, and signs of industrial depression
affect purchases of millions.
The failure of the Pennsylvania Steel
Company causes much depression and
makes it harder for other iron concerns
10 obtain accommodations. especially in
the rail business, because it is doubted
whether the receivers can renew the com
pact Of the makers, which expires July |.
Trade in pic iron is waiting, and the
consumption Of manufactured products
does not encourage hope of better prices.
though IN plates there is more inquiry
from shipyards and in bar for car
builders. Structural iron is in demand
throughout the country, but at low prices
The business failures during the last
week number for the United States PIG.
and for Canada p, a total of 23S."
THE WEEK NOT A GOOD ONE.
Bradstreet's tomorrow will say: Cen
eral business this week has been affected
untavOrably, the exceptions being so rare
as to make them conspicuous Bessemer
pig iron and anthracite coal declined in
price. Between seasons trade is reported
among jobbers and wholesalers south,
with no Improvement compared with the
preceding week a most cities.
AT Memphis, Nashville, Chattanooga,
birmingham, Lynchburg, Norfolk and
other cities there has been no change in
the movement of merchandise and col
lectionS are as slow as previously. There
has been some Improvement in collections
at Richmond, where the demand is more
active than a year ago
AT Charleston wholesale grocers are
discriminating sharply to credits and some
have called their travellers off the road
AT savannah, naval stores are in fair
demand and Atlanta manufacturers re-
Port satisfactory trade.
a DECREASED RICE ACREAGE.
There is to be a decreased rice acreage
in theriver sections of Louisiana. Sugar at
New Orleans is active and strong. but
grain exports have fallen of because of