Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-07-15
Ths WEEKS TRAOe.
An improvement, Particularly at tho
soush-EasIor Money Markets,
10 tne DiIpttchI

lbJ JtolegtApl 70 mo btip'thi
New YoRK. July l4.-BrGds1re's to-mor-
row will say OF the business sltuatlon
The antlcipations of excessive demands
on New York banks after July lst re-
suited IN preparations 20 meet such Te-
quests. and while none took place, tho
locking up Of funds by capitalists. bank
ers. aud others caused high rates Tor money
early IN the week. further restricted c0u-
mercal discounts resulting IN several
pauks cashlug checks at tho sub Treasury
instead of using tho Clearinghouse, and
in other ways producing "a rnther
less favorable financial situation tuau
n. the close Of the preceding week,
which, however. has since been relieved.
Chicago, too. has felt an incTease II tho
demand for funds. and New NOrG's rela-
tive inabilitv 10 supply the same was COM
mcnted on West and Northwest. Ihu' iai,
appaI emily, commercial discounts have m
creased, though oniy u small eNtelt.
PhlladelphIa. Boston. Providence. and
Chicago have not advanced IN TINS respect
rs anticipated. but at the South prospects
are much brighter 4 majority OF the cities
renort,ug actual Improvement. Nc-' md
Northwest no such gain has taken place,
although there IS no retTosfade move
meut.
Tho volume Of trade OF Memphis ia M
changed except for seasonab!e arr q, IN
which 10 Is larger. Early tail trade las
oupned at Nashville. and tho merchants
there are confident OF a fair business suOh.
Business is dull at Richmond except tor
hats. dry goods and notions. III which 1; -
fairly active, with collections Improved.
There is some ll,to Improvement
in wholesale lines at Chattanooga
due 10 commercial travel having been
resumed. while at Savannah tue busi-
ness situation l. mora encouraging.
and wholesale grocerS report coi-
factions improving. Mobile reports money
easier and in good supply phrase
which mas not been seen IN a long time.
larger volume of goods has been dis
trIbuted from New Orleans, and there -
moro confidence there that trade Will
soon become fairly active because OF tho
large crops of rice. sugar. and cotton 20 be
harvested IN the Lower Mississippi valley,
which will relieve the strlnganCY. Charles
ton reports brighter prospects tor
trade and expects actual Improvement
lied. Birmingham. Ala, aud Houston.
Tex. have no new features in busl-
ness circles "a compared with last week,
while in Atlanta trade has % wait for the
coming crop. Jobbers ami manufacturers
regard the prospect as favorable. DnllaS
SAYS wholesale trade Is larger than last
wear, but collections are stlil slow. Gal-
weston reports no Improvement IN TINS
direction and explains that country mer-
chants are asking extensions until after
harvest
h. G.. Dun & Co.'S review will say:
There is a somewhat better tone 10 busl-
mesa. because the money markets are q
little less stringent. but II cannot DO SAID
as vet that there 10 any distinct improve
mcnt. In every direction unusual con-
seryatIsm prevails, orders are relatively
small. the volume OF business is restricted,
and q waiting policy rules. ihe New
York banks have received some money
from the interior, but are not yet clear
that il IS best 70 retire clearing house GER
tlfcates, because there are said u bo weak
spots which may yet require liberal exton-
sion of credits. Other cities have drawn
less from New York. because their busi-
ness Is restricted. Some gold has come
already from abroad. and more Is expected
within the next week, but exports or
products DO not increase as much as has
been expected.
Trade at St. Louis is very satisfactory.
with good orders for the fail and business
ahead of the average for the season.
Louisville reports easier money and busl-
meas fair in volume. At Nashville trade -
quite fair and at Montgomery Improving.
At Columbus trade is fair with collections
unlmproYed, and at Atlanta satisfactory
In volume. but collections are very slow.
Trade is dull at Augusta. though crop
prospects are good. and at Mobile crop
prospects are fair and trade Is satisfactory:
jacksonville reports country buying small
and collections slow. and OF Charleston
the dry-goods trade is fair and money
easier. but collections are yery slow. Az
SOW Orleans little Improvement is seen
an money ~ very tight. but q better teel-
lug prevails. for crop prospects are bright.
The decrease of nearly 10000 tons II the
weekly output of pig-iron Is not nneX-
pected NJ this season. nor ls II an uniayor-
| able symptom. Unsold stocks hay, de-
creased 10000 tons, but the markets are
| dull and concessions common.
| The exports OF products are light toT
| two weeks, at New York being only Sl3.-
sl2.G10 against ls.979.759 last year. In
| June the exports OF wheat. provisions,
| cotton, oil, and cattle amounted 10 sJ9.-
| 705, ,9Gl in value. against S42, 79a.2OO Tor the
same month last year, with noteworthy
! decrease IN the quantities OF most pro-
| ducts, though in wheat and oil the loss ID
value was due TO fall in prices.
| Tho failures during the past week were
! 37i in the United States, against i6s last
I year for the same week. and in Canada 70,
| against - last year.