The times. [volume] (Richmond, Va.) 1890-1903, 1894-06-02
TRADE REMAINS QUIET
i Few Southern Points, However, Report
an Increase In Volume.


NEW YORK, June 1.-Bradstreets to-
morrow will says:
The decidedly unfavorable condition OF
general trade reported last week CON
tinues without material improvement
CONTINUED delay OF tariff legislation pro-
longs the sitting effect on wholesale
business; the great coal strike continues
without sign of early Improvement, no
concession having been made by elther
eide More mills factories, and furnaces
have closed Their doors for want Of fuel
The volume of general trade is sun Iur-
ther reduced by the Intervention OF
holiday and by cold and vet weather.
The favorable features come from Dn-
luth. Omaha, Augusta, Ga, and JACK
sonville. Fla. Augusta, Ga, reports
gain in the volume OF business as CON,
pared with the last three weeks anu
that cotton manufacturers nave oIusIs
ahead, and are running on iuiI tii iI
while needed rains throughout the florlna
vegetable districts have stimulated the
demand. so that Jacksonville trade is
brisk. At Louisville sales at fa1r prices
are noted only with reference TO Ieal TO-
Philadelphia textile workers are opera
ting from fifty to seyenty-five or thelr
plants. but on orders only. Business az
all except southern cities mentioned re-
mains quiet Mill machinery and pan
tatioa supplies are in fair demand al New
orleans. and Atlanta furniture manu-
fact,Irers expect TO start up this month.
NEW YORK. June II G. Dun AZ
Co.'S weekly review of trade Tomorrow
viii say: ~ ~, l..
II is a sign of cheering import that in
finished business, represented by clear
ings and railway tonnage, there mas neell
less decrease since the strike began IMAM
n,iglt have been expected. But inchoate
business. the orders which start the
wheels In result in tonnage ana payment
weeks or months later, there seems TO
be an actual decrease. Not only are new
orders few and small in most depart
ments, but cancellations Of orders pre-
viously given are increasingly numerous
This Is in part the effect of the uncer-
tainties which the strikes produce, put
fl extends also to numerous industries
which proposed changes Of duty might
affect. Meanwhile the exports OF soid
rapidly deplete Treasury reserves, while
idle money gathers here in unusual amount
for the season. although crop prospect
continue on the whole most favorable.
The stoppage of iron furnaces between
the Allegheny mountains and the Mis-
sissippi river has become complete ara
n great number of concerns manufac-
turing irons and others requiring SOFT coal
for fuel. have been forced 10 stop. Busi-
ness cannot increase In volume ulluel
such circumstances. and yet payments
through all clearing houses for the week
show a decrease Of only DOS per cent,
compared with last year. and are nearly
as large as in April. aVeraging a1ou.
Sl42 900 900 daily at all cities, against
SI44 900, 900 In that month ana Mafch
and $40 100000 in February:
Though a large number or works are
idle. the demand for product Is not what
might be expected either in volume or
in urgency. The output OF iron anu
steel has been suddenly and sharply
reduced. but the reduced supply seems
about as sufficient for the demand as
n was n month ago, except In Besse-
mer. Sales of small lots OF Bessemer
pig at places as distant as West troy
and Duluth for transportation 10 tne
how completely stocks are exhausted,
and sales for delivery In July and August
at S1l to s11.i5, price Sl.5o higher IMAM
prevailed few weeks ago, indicates the
belief that the termination OF the strike
will not soon bring back the old prices.
But for most products the demand Is
unexpectedly narrow. and buyers feel
that the present advance is but tenn
porary.
now believed TO be due In part 10 prepa-
ration for gold resumption in Austria.
The loss Of s5,600,000 this week, and S2S,-
10000 since May LIST. has reduced the
while the Bank Of England holds the
largest gold reserve since 1879, the date
of specie resumption here. The currency
continues to come hither In great
amounts from the INTERIOR
Liabilities reported in failures for the
fourth week of May were $3.50. 0S7. and
for four weeks ending May 24th. 81 .39l.-
042, Of which COS were of manufac-
turing and $5s06,S9l of trading concerns.
Reports yet to come in may increase the
aggregate to sl4.Oo0.000 for the month.
Failures this week have been 1873 in the
United States. against 200 last year, and
q for Canada. against q last year. Only
two failures. both banking, were for $780,
900 or more.