The times. [volume] (Richmond, Va.) 1890-1903, 1894-05-05
FAITH IN THEIR FUTURE
.,,,,sroUNs AMERICA AGAINST
OVERWHELMING ODDS.
.,x,h.,a.dius Many Rsverses rhere aro
Same signs of improvements In the
Bu,lness world-Conditions.


compsnys weekly review Of trade WIN
say. III.
-, Sc now as it has been for nearly
tho amazement Of intelligent OBJ
,e that the United States suffers so
,.,1c from reverses which other lands
80 hut which fan more heavily here
. a,vwherc else. The past week has
.,,pts which would suffice 70 cause
.,,tain much disaster, strikes OF
al bituminous coal miners and
49,. workers. with numerous riots,
''N ~ many thousand men in other
...tments. stoppage OF many manu-
"... works IN consequence. arrest
o.r on several great railroads by
o. r~,cccdings. and the stamping
4@" s....,,t.ntcd men. in all numbering
4" thousand, toward the National
tr the hope Of controlling legis-
,pa lowest price ever known for
' and almost the lowest prices
t,.,r for commodities as whole,
'-,.a f 8, 90 90 gold, instead of abnor-
On ...rencd products. and the fall
i.4.+ --...,rv sold reserve below the
.... limit are significant Of wide
un.uIty. Yet the volume Of
f.. f.. bat Sl3 per cent less than
..1 md in some directions signs
..,...ln.ut appear even now, and
lurs Cath OF the people In their
-. shown ln the general belief that
AMI disorders viii quickly dis
apqear
-...- ~ fr.N AND STEEL HIGHER.
.., m.ortant that prices Of
.5 steel PRODUCTS promptly ad-
"' .r answer 10 the stoppage OF
o.-.- dough since II indicates the
movement In demand was
t..... one. Chicago, Philadelphia,
All sew Y0-t prices have generany ad'
n.l.h irregularly. and I'm bar
,-.r un-a,0rs appear shade weaker.
p.s..~.- p.s has advanced - cents to
a CO.. huets ST to $50. and plates
- structural iron and steel and wire
~. a,. stronger. Many reason that the
o5tar., may be maintained at least for
t-re. because cost will rise If strikers
succeed and Il they fail. because Of the
demonstrated existence OF a demand sub
fautiaUy equal To- the full product Of
works thus Ear started
MONEY MABKIT NOT DISTURBED.
Money markets have not been disturbed
D. the large outgo of gold, which was
taken mainly from the Treasury through
redemption of notes. Continued fOw Of
unemployed money hither Is not a sign
az health. nor the cutgo Of gold, instead
IL wheat az 81 cents or cotton at 73l
cents. The demand for commercial loans
~ the better class does not increase,
but there are more numerous applica-
lions for loans on questionable paper
from the interior. Customs receipts were
only SlOl7669l i'm April. against SIS 41S,63S
la fs..ar erl.
while tariff changes are pending. EX-
ports of products are declining. though
in April 90 per cent larger than last
year. and the decrease III imports is
about 80 per cent.
MONEY MARKET NOT DISTURBED.
The most encouraging sign is the
marked decrease in Liabilities in firms
failing, which were only S1.44s.lA for the
last week Of April, and for four weeks
s. 366. 5S7, Of which S722.22O were Of manu-
featuring. ard S4,6H,367 OF trading con-
Germs. The amount OF liabilities at the
South was S29l9, u9 against S31l1.022 in
Eastern and 2.692. 81 in Western States.
The failures this week have been 2SS
IN the United State against PIG last year,
and 81 IN Canada against = las. year.
A. Brsdstreet Se.e It.
morrow viii say:
The movement Of general merchandise
throughout the country is smaller in
volume. Spring trade is finished, and or
ders for fan delivery are with few eX-
cepuOnS, not meeting expectations. JOB
bers In leading lines at almost all large
cities report sales as of. a hand-to-mouth
description. The extension of the coal
and coke strike, accOmpS MED by riots at
Cleveland and Mesaba. has emphasized
the depression. The industrial situation,
therefore, has no improvement. Strikes
Of iron ore miners. among building trades,
with an extension OF the coal miners
strike and the almost total cessation OF
operations In the coke regions, have
swelled the total number Of idle industrial
workers TO fully 1l5,0O0. Shut-doWns OF
industrial concerns dependent on coke or
soft coal for fuel are increasing, notwith-
standing an attempt OF coal operatives
and operators 10 get together to arrange
a basis OF settlement.
There is more animation in demand for
lumber and leather at Philadelphia, but
increased prices for Bessemer pig iron
and steel billets at Pittsburg and other
points. due in part 10 scarcity OF fuel,
have not resulted in more orders.
,orrHEES TRAFFIC QUIT.
Throughout the South traffic has re-
mained very uniformly quiet exceptions
being al Charleston. Augusta and New
Orleans. The strength of rice is a fea-
lure. At Baltimore quiet prevails in ali
kinds OF trades. A few manufacturing
lines az Louisville report an April bust
ness equal 70 1898. but almost all others
say 10 is from 10 10 30 per cent. smaller.
The Nashville money market is weaker.
tN 20 Memphis and Chattanooga there
Is no change in trade from last week in
any direction. Wholesale grocers at At
an'a report the only activity noted IN
staple lines, and the Savannah naval
stores market is firm. Only a moderate
volume of trade has taken place at Mo-
bie and birmingham frankly admits the
,'a strike has further checked sales by
Jotocrs