The times. [volume] (Richmond, Va.) 1890-1903, 1893-05-13
NOITHFKN TH1DE.
Dun SAYS There is Slight Improvement
but Bradstreets says ii Isn't So.


NEW YORK, May l2.-R. G.. Dun &
Co.'S weekly review Of trade will say:
The smash in the industrial stocks
week ago, the failure of some firms and
of the National Cordage Company, and
the largest decline in stocks known in
any week since 1873, have been followed
bv surprisingly little disturbance. Busl-
ness has shown remarkable soundness
and strength under such strain though
disquieting rumors are naturally frequent.
Bank failures at Chicago and lndlanapo-
lis and rumors Of others reflect large
losses through Chicago speculations In
real estate and grain, and at lndianapo-
lis through the failure Of the Premier
Steel Company, but the commercial cred
it's are not as yet materially affected.
There is more buying OF commercial
manor than a week ago, and while for
eign exchange has risen above the eX-
porting point. no gold is yet ordered Tor
shipment, as banking houses reckon upon
larger exports Of products before long
Interior money markets are growing
lighter and more cautious, but no such
stringencv Is vet seen as 20 check gem
eral trade. which appears TO have some
what improved. with more seasonaDle
weather. At Little Rock and other South
ern points the danger Of high water re-
tards trade. Collections are ialrly Soou
I'm Tennessee and Alabama, with quiet
trade: rather slower al Atlanta some
what improved at Augusta, with more
active trade I'm groceries, ana talr at
Savannah, where trade in naval stores
is active At Mobile trade Is Satisfactory /,
az Charleston brisk I'm dry goods. and
good i'm hardware and shoes, though the
uouor trade is unsettled by the new law.
Al New Orleans trade is only fair. though
sugar is strong. rice in active demand
and lumber and building materials active.
The Overlooking Of lowlands In the Aazoo
delta arrests collections and trade In that
region.
The weekly iron output May LIST shows
200 tons increase for the MONTH ana
| Is 300 greater than year ago. WINE
unsold stocks decreased u,W0 tons III
| Anrn Good pig iron is scarce. but some
| Southern brands are pressed for sale.
Demand for bar, plate. structural and
| sheet-iron is better in volume, without
improvement I'm price.
The business failures during the last
seven days number for the United states
| 257; for Canada, %. Total. go.
| NEW YORK. May l2-Bradstreets to-
morrow will say:
| Despite the favorable effects OF n week
| Of bright. warm weather, the condition OF
trade has not improved. There has beer
| no change in the condition OF Southern
trade except depression, due 10 the
treatened overfiows In the lower Aiisss
sippi Valley.
Leading Southern cities. except New
| Orleans and Dallas. report general trade
quiet. IL is dull at Memphis and only
small lots OF merchandise are movinf
| from Nashville. Charleston says trade
is slow, and prices OF -four are up. Their
is an active demand for shoes for fal
delivery at Atlanta. At Savannah trad
is quiet I'm all lines except in naval stores
where q is brisk. Mobile and Rirming
ham report demand quiet and collection
slow, and Galveston states that rain
throughout Texas have retarded business
while Dallas reports trade good In a.
lines, and that rains have benefited tn
| dry districts. There has bean ~ incyeas