The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-27
Two REVIEWS OF TRADE.
The Outlook Somewhat Better Than
a Week Ago.

Wholesale and Retail Trade More
Active in Consequence of Better
Weather The Monetary Anxieties
Less Great-Cal Money Abundant,
but Gold Still Going out-A Slight
Increase in Imports Helps the
Feeling.
New York, May pr. G. Dun & Co.'S
weekly review of trade will say: In two
ways there has been general improvement
during the past week. Better weather
throughout most of the country has slim
ulated the retail trade and large distribu-
tion of goods has made the iobbing trade
more active. The monetary anxieties
have largely abated at many
widely separated points. The large
loans solicited here week or two ago, to
provide for extreme emergencies in differ
ent cities, have not been wanted and
threatening failures at several points
have passed without causing much dis
turbance Yet the actual conditions do
not seem to have changed materially.
Gold is still going out and $1,000
600 more is to be shipped to-day.
The treasury reserve is again
reduced below the 100000 900 limit. The
large demand for rediscounts and adj
vances by western and southern banks,
though considerably abated, has been
greater than the eastern hanks could
wholly meet. There is no definite i'm
provement in financial affairs abroad, and
the prospect of a continued outgo of gold
for some time to come has not
altered. The speculative markets
show comparatively little activity. Cot
ton is an eighth lower, although the re-
ceipts have been smaller and the exports
larger than for the same week last year,
but the enormous stocks in sight are not
diminished more than is usual at this
season.
st. Louis notes steady and satisfactory
iObbing and fair collections, though south
ern planters are buying less meats than
usual Factors are making very limited
advances.
Business at Nashville is improving
and also at Savannah, but at other points
at the south business is quiet and at
nearly all collections are slow and money
somewhat close.
Mobile reports large shipments of early
vegetables and New Orleans a bright out
look in the building trades though the
breaking of levees will seriously affect
| Northern louisiana
THE imports are still large, for the
by nearly S6000,000; but the exports have
somewhat increased and for the three
weeks show a slight gain.
Money on call is cheap and abundant,
but loans on time for commercial needs
are yet made with some difficulty and
sparingly.
The failures for the last week number
for the United States $50 and for Canada
IA, total of 273 against 26, last week"
AIDED BY BRIGHTER WEATHER.
Bradstreet's tomorrow will say:
brighter weather west, south and
northwest has stimulated sales of staples
in many lines, though the increase is con
| spicuous rather through contrast with
| the movement few weeks ago than as
| compared with one or two years ago. The
/ comparative gain has been emphasized by
a slight relaxation of the money market
| at the interior, but country banks con-
| tinue to call on the east for funds, al
| though their deposits in some instances
/ are again increasing, and most of them
! decline to extend loans freely, as they are
busy renewing paper when it falls due.
| 1.-The speculative stock market is
| steady and featureless on the existence of
| q heavy short interest in stocks and the
! absence of activity or unfavOrable devel-
| opments. The renewed ease and conf
| dence in the London market have aided
]
minal reorganization plan is the financial
| event of the week. 1t is admitted that
its provisions are made necessary by the
/ circumstances, but their severity causes
selling by the weak holders and has
caused declines in the securities of the
system.
cat the larger eastern centers trade is
of a hand to mouth character. There is a
gain in the demand and prices for some
grades of iron. The demand for bar iron
| at Pittsburg is good, but prices are low,
owing to competition and sellers needs.
Charleston merchants regard trade
there as fair. The local liquor dealers
are moving or preparing to close up, as
the new liquor law has been declared
constitutional.
"There is improvement with jobbers of
groceries at Atlanta, but other lines are
dull.
Manufacturers have fair orders Shoe
and dry goods orders are being placed by
Birmingham travellers for fall delivery,
but merchants there are not seeking to
increase their sales much.
Business is quiet at Nashville, Mem
phis and Richmond, where collections are
slow and banks exceptionally careful in
discounting. There are a few increases
in the volume of goods distributed from
Richmond, and Memphis reports that
higher water thus far has not materially
effected tributary trade. Business at
New Orleans is dull owing to fears of
damaging by higher water and higher
rates for money. Sugar crop reports are
favorable A serious crevasse in the
levees will result in overflow in a region
usually producing 10000 bales of cotton
"There is a strong demand from the in
terror for money at Galveston, where
trade generally is quiet.
Business is quiet at Louisville, with
| lower prices for tobacco
wAsHINGToNs WHITE GAPS.