The times. [volume] (Richmond, Va.) 1890-1903, 1893-06-03
DISHEARrEYING CONDITIONS.
All Branches of Business. Especially Iron,
Reported Dull.

NEW YORK, June 2.-R. c. Dun & Co.
weekly review Of trade viii say:
More disheartening conditions have pre-
vailed during the past week, and thos,
| who saw the beginning Of a permanen,
| recovery I'm the better tone "a week gcC
! are disappointed The money markets
nave been closer, especially in the in-
terror and manufacturing and trade are
| more affected than before. Some inn
| portant failures have occurred, including
one bank at Milwaukee Gold has gone
out again in large amounts. exports
for this week being about 100000. and
| the Treasury gold reserve has been drawn
| down 10 about $9O.W00)0.
| In nearly all departments Of trade nm
| certainty about the future has a de-
| pressing influence, which Is now clearly
| perceived in the decrease of business.
| and while most manufacturing works
are yet employed on fun orders. as these
run out. the number of works closed in
creases.
Philadelphia reports much disturbance
I'm iron, on account Of the change I'm rail-
way rates. and a large demand for ma
terias for trolley and other electrical
railroads.
The iron trade at Plttsburg is less
encouraging Pig Is weaker. and finished
iron very low in price, with weaker ten
dency.
st. Louis reports satisfactory trade.
with very fair collections: cotton and
corn moving literally. but loans are cur
tailed 10 the minimum. and there is no
market for local securities, save at buy
ers prices.
At Little Rock trade Is dun. with col
lections slow, and at Knoxville not i'm
proved.
Atlanta reports fair trade. close money
and slow collections. and Augusta re-
ports slight Improvement I'm trade. with
improved farm prospects, but tight money
and slow collections
Columbus. Ga, reports collections less
favorable and money very tight. and at
Macon trade is quiet, collections slow.
and money close.
Mobile finds trade reasonably good. with
larger shipments Of vegetables, and money
easy.
At New Orleans business is only fair.
but building materials are very active,
and crop prospects. though backward,
are promising.
Jacksonville notes a little falling off,
and at Charleston trade in dry goods and
shoes is dull. and In groceries fair, but
jobbers are cautious In selling
Uncertainty about freights. labor. crops
and finances make the iron trade gloomy
i ibNiifft VI llOublf Win lut <AHldlEhIltttu
Association sustains the present demand
for finished products. and higher freight
rates raise prices OF pig, not 10 the ad-
vantage of sellers.
Structural mills are vet well employed
but at prices which return scanty profits.
Export OF products still falls below last |
years I'm value, and there is much with |
drawal Of money loaned I'm this country |
on foreign account. The fact that s.. 100000 /
Of such loans mature within the next |
week leads 10 the expectation Of further /
exports Of gold. Money on call here has |
somewhat advanced. but there is strong |
complaint Of difficulty I'm getting COM |
mercal loans
The failures during the past week have
been 236 i'm the United States, against /
l75 last year. and p I'm Canada. against
S2 last year.
Condition Of Trade I'm the South.
NEW YORK, June 2.-Bradstreet to-
morrow will say: Some effects OF the
stringency in domestic money
markets are characterized I'm detail I'm
special kilograms 10 Bradstreet's this
week. Genernl trade has already been
mt into, noticeably In Eastern and Middle
States; to marked extent I'm Central.
and Western States. but
o more moderate extent In the South.
Interviews with several hundred promi-
lent j0bbers. manufacturers and bankers
Il peadlng money centres indicate a
likelihood Of continued stringency, and