Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-07-08
No TREATMENT FOR OBESITY.
THE WEEKS TRADE.
Improvement in Money Matters South,
East, and West.
[Byteiegraph to tho Dispatch.l

NFw York, July 7.-BrddstrtePs tO-mor-
row will say; Improvement IN the hnan-
clal situation at southern cities Is noted,
and mt the West st. Louis and San Fran
cisco make like reports, while East
there is corresponding report al New
York. where there is better tone,
due to.tbe completion of July settlements,
although, as at Boston, cohmerc!al
paper remains practically unsuitable IN
the open market, and discount rates are as
extreme as from 8 TO 10 per cent. Inc
New York banks. however, are providing
somewhat literally for regular customers,
which Is IN part Offset by comparative
tightening of purse-strlngs at Chlcago'
due 10 the demands of country banks tor
rediscOunts and the tying up OF lunds III
wheat. Money has been shipped East from
New York to provide savings banks with
funds against possible Withdrawals OF De
posits but slight inflow from the West
No improvement in the iron or glass in
dustries IS looked for until there Is
change for the better i'll the financial sltua-
ton. Many iron-mills have shut down
for repairs and stock-taking.
Nearly one half the southern cities spe-
CITY a moderate improvement IN either
General trade or the financial situation.
Reasonable lines distributed from Rich
mond report slight gains III volume,
although collections are difficult. Ihere
are increases in sales OF groceries
and hardware at Memphis, and there
is Improvement at Chattanooga, whlle
nj Savannah the volume OF sales IN
general lines has increased and mercantile
collections are made more promptly, Win
money easier. Mobile banks are Lending
more freely. but the volume of trade Is
the same. There Is a better feeling CT
Nashville, but money continues close
and the volume of trade Is I'M
changed. Business is quiet at Charles
ton, very few liquor houses having
closed entirely. The better teellng
is also noticeable at Atlanta, owing 10
favorable bank statement on july lst.
There arc no new features TO report from
BIRMINGHAM, but business at New Orleans
continues restricted, owing TO the strln-
gency and continued nigh water, although
tho influence of the latter Is SAID TO be
gradually disappearing. Texas crop pros
pects are reported excellent by houston.
Galveston reports that no gains IN the
trade situation need be expected Tor thlrty
days. aud that banks usually snppIleu WIN
funds from the East have applied To Gal
weston institutions for relief without avail;
k. q. Dunn q Co.'s weekly review Will
say tomorrow: The tone IN business CIR
cles has percept.bly improved. ms
IA uartly because the banks have been rem
dered more hopeful Of an early financial
settlement by the calling OF an extra ses-
ion of Congress. partly because OF some
recovery in prices from the sudden uepres-
sion which followed the decision 10 close
tbe India mints. and partly because crop
prospects have clearly improved III
spite OF dismal reports from some
sections. On the whole, there has been
n little better distribution of goods 10 con-
sumers, and perhaps the oountermandlng
of orders given some months ago Is NOT
quite ss frequent as 1t was last week. Inc
more hopeful symptoms are gladly noted
hut while tho causes OF depression remain
!, would he rash 70 calculate that diiti.
cnlties will not reappear. Soon large sums
OF money will be required 10 move the
erops. and in the present state OF the
money markets some stringency IS not I'M
Rnsiness in Baltimore is very dull. Iron
has taken another drop at Pittsourg.
though many furnaces are closing. re-
dnction in cost is expected from the wages
settlement. Cincinnati reports little i'm
n,ovement. with cfoee money. AtSt. Louis
trade is quiet. but collections are very
iair. while th. banks are still ufnst eau
tious. Nashville and Knoxville re-
mort a better feeling, aud Montgomery re-
norris trade quiet. At Little Rock business
e very dull. and ut Augusta and Atlanta
auiet, with money comparatively easy;
Gaiyeston reports the situation fairly good
in Texas. with few failures and prospects
Of more than an average crop. Inc oanhs
care for customers. but discourage new
loans. New Orleans notes no improve
ment. Money there is tight and collec-
tions are slow. but crop reports are excel
lent. except IN the oyeriowsd sections. AZ
Mobile the banks are more free at jack
seuyille trade is fair, but collections are
slow and the banks are cautious. ana a.
Chsrieston the tone improves though