Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-02-24
STATE OF TRADE.
Reports of Messrs. Bradstreet and Dun
Thereon-B Business Waiting.


Thcreon-Buslness Waiting.
NEW YORK, February Elm its weekly
review Of the state OF trade Bradatreets
Will say tomorrow:
TIE demand for fertilizers remains mo-
dcrate.. active at Charleston and Augusta,
and at the latter city collections have l.-
proved, as has the demand for cottOL-i~c-
tory products Trade at Atlanta Is dull.
but at Chattanooga the seasons business
in hardware is reported more satistactor
than last years. General trade Is un-
changed az Savannah and quiet at Nash
VILE where collections are only fair. Mem
phis reports moderate activity. with ten
drncy To Improvement I'm business. AZ
Birmingham Ala, and at Galveston no
change Is reported In business. Heavy
rains have affected dealings at New Or
leans. although rice ia active and the corn
export movement heavy Dallas reports
a growing volume of business. with cold
weather stimulating request and immigra-
tlon enhancing values OF farmland.
f.. G. Dun 4 CO.. weekly review OF trade
tomorrow viii say:
\ waiting condition Of business IS one
OF which tho weekly fluciuations mean
nothing. business Of all kinds is hesitating
Uflfl more Gun W. lriftlItf'l tNVhA Nff
future. and meanwhile orders which viii
keep hands at work for time are given
and accepted. this week increasing as IN
some others decreasing. without anordlue
unreasonable Indications Of the future. Prices
are again greatly depressed. as low or
1ower than ever having been made I'm
wheat, silver, and some manufactured pro-
duets. and neither cotton WOOL nor raw
iron have advanced.
The glutted money markets continue 10
show that the volume Of business is still
Inadequate to employ tho circulation avail
able and the withdrawal Of about SG1vp.-
600 from the New York market Ly 'lr sale
OF government bonds does not cause tho
expected strengthening Of rates. Win
gradually decreasing shipments Of mer-
chandlse 10 other countries, foreign *
change rises, ana some exports OF gold are
expected.
The volume Of domestic trade does not
seem 10 increase. In all clearing house
payments the decrease IS ii.6 per cent
for the week. against 37.S for the previous
week, and about 31j per cent for the
month thus far
Cotton was a sixteenth lower. with con-
siderable trading. the receipts from plan
tations still exceeding those Of last year,
but the exports show a relatively large
increase While Ellison reports foreign
consumption nearly full the takngs OF
northern spinners since January lst have
been IS per cent. smaller than last years
to date.
Hesitancy and uncertainty still control
the money market. Rates are even shade
lower than in recent weeks. commercial
paper being in small supply AZ 3 - u
per cent, while loans are seldom made
at more than / per cent Foreign cN-
change has advanced about cent, ana
but for the strong condition Of European
banks, gold would have gone abroad al
ready. 4 further decline IN silver iake4
the price below the lowest previous re-
cord. and is partly due 10 a heavy ship
ment from New York during the week.
The Treasury deficit in February is some
what smaller than In January, for though
customs receipts do not enlarge, and Tor
the month thus far are 35 per cent. less
than a year ago. the internal revenue FOR
the month shows some Increase over last
years.
Industrial changes have been few. but
a little better demand for some textile
goodse has started more mills than have
stopped. There Is better feeling In
fancy cottons. though some goods are
shade lower. WoOllen drcss-goOds are
steady, with fair demand, ana thOukh
orders for heavy woollens and worsteds
are light, they are a little better. some
agents having made fair progress.
A larger demand gives encouragement
10 iron and steel manufacturers. and in
some cases the output OF the mills has m
creased, though II Is yet only 50 10 %
per cent. OF their capacity. Hence fierce
competition continues 10 depress prices.
and while the recent slight advance IN
steel billets and pig-Iron has been lost,
some other products are selling lower
than ever.
The prices of commodities now average
about Ia per cent higher than month
ago, but III per cent. lower than year
ago. and. excepting this year. have never
been az low on the whole as they are
now.
The failures during the past week num-
bered IN the United states DIS. against
10, last year. and Ia Canada 81. against
81 last year.