The times. [volume] (Richmond, Va.) 1890-1903, 1894-03-10
PRICES TEND DOWN. ARD
,trTIH cONFIDINCE ~ FUrUEE
IuPROTEMENTS IN BUSINESS
The volume of Trade Does >ot Increase.
Evidences Of Present Improvement
multipiy-The Failures.

nil say. Evidences OF present H"b'Nf'
,...t ia business multiply but confidence
g, uure improvement does not seem to
..-.sse. There is more business and a
,...or production by industries. for the
.....n has arrived when greater activity
q. necessary if dealers stocks are 90 be-
....onished and those who cannot make
..I.Hauons beyond few months are She
r anxious To crowd as much ifade
.. .hcy safely can ia those months In
SOM. branches of distribution however
more are indications of a diminishing ue-
.I for goods and the evident prefer
.. to medium and low-priced articles.
,.ta the known reduction in wages ana
fnit expenditures. lead many 20 feel
...uruhaf less confident that business VIII
SOON recover its former volume. Under
r.l.nrs beyond q short time are not made
,...h eieat freedom. and in spite of
l.t.r demand prices 0i manufactured
l.aI4 tend downward
TDe most distinct gain is Boo iron ana
s..el manufacture The output of Ws
f.on March ISL was ii0l65 tons. having
increased iO per cent? during the mo"u"
though b. is siil 9lH per cent. i,-9 'NAI ... q
lrar ago. lt is also stated tn"' 9o'"
ffar.l ISL and fLlt uus0d STOCKS nave
..f. ,.,..f..tIlN 300 increase iu February
.. n.I fhe actual consumption M "i'
.r.D.. OF uluufactur. ls at least lN
,.r conn greater than u November Dee
I.. of january. Nef prices are lower
...I IIf.fr sil-l af plttshuIs aud plates
.f Philadelphia. The lowest ever
I..Nn Some moderate, nui no i"p'
..t contracts afe reported mere, anu az
0.I..l.InHIa business BOO finished piou1t'7
.. - active as DO Was two cor initr
.....- $3.50. so piusburg markets are
....tr. ln spite of falriy ldlse orders ioi
......f.r.I non nul encouraging condl i"ha
t... nfaInoUou of wire rods and nails
,.s. in bar iron is very unsatisfactory
-.. lre Fat. and with "a larger WoiV'-
.. .r coke. contracts are made al as
.. prices ass ever.
-...rente of boots and shoes from the
....f are 1913 per cent. smaller thdh
,..r alo for the same weeks ana pui-
..e. are stll mainly OF medium OF
I.t-nf.eed goods.
n feNtic manufactures ana airy goons
t.l are increased activity and rec
l.rI.hment of stocks. as is natural az
f. season. Eut tho demand thus Tar
tIs much short of expectations, ANA
SOL character indicates great economy
f. run-lmptIou s. reduction in VAN
..fa sheetiues and in Carriers fancy
r.Its fo four and ouc-fourth cents indl-
,.fo. the judgment Of leading concerns
f.tt markets require more stimulating
f.an usual. in w0olcns also manuiac-
flr.a are increasing in production. mainly
in tentative way. or on orders which
are little moro than sufficient 20 test
the market But the sadcs of wool al the
three chief markets for the week have
been pounds. against 3.5S9,l5O for
tNr sHn. week last year. and in the
iae. fFe weeks the decrease has been
,nlE - U.r cent?. which is marked inn
lroIeuent In part due 90 the fact that
one mills having any orders are buying
af or.. what wool they expect TO need
fur month. io come.
TIe volume ~ domestic trade shown
lt ceuInes decreases for the week only
rnr CENT outside OF New York. and
$40 per- CENT here compared with last
.rtr In foreign trade changes are also
f.r The better. exports having been large
snd joy four weeks ~ per cent. larger
frln last year. While The decrease in
imports for February was 81 per cent
'nns customs revenue does not improve
and for the week has been 81 per cent
Joss than last year. the decrease i'm
internal revenue being l0 per cent Money
weak with further decrease in the
Failures alo growing less important
and somewhat fewer also. For the
week ending March lst the liabilities
mus FAR reported were only S2931S32 and
for four weeks of February. Sli.SS6.O9i.
OF which >bI2.5l5 were of manufactur-
ing and E.GIl21 OF trading concerns.
ih number OF failures during the past
week has been -is in the United states.
a-fin@ iW last year. and 80 i'm Canada
one is oi Importance. and il as gratifying
mat the consequence of the ereat re-
verso last year have been SO far over
come
A. Bradatrest Sfes II.
NEW YORK. March 9-Bradstreots TO-
morrow "lN say. The comparatively less
laFoi"nie report as To the volume of sales
ana distribution of general merchandise
emphasized last week remains. with some
exceptions. practically unchanged. Bright
"Nu warmer weather has stimulated retail
lines al number of cities The seven
mohthS report of foreign trade of The
country indicates decreased purchases of
enc ads. hides. silks and other textiles.
'''''i' H"ni ana wine, accounting for
'Nr decrease of % per cent in value cou-
pared with seven months in iS12-'a8 IN
creased exports of corn. coal. copper cot
ion. Seeds leather. and spirits exrlaln
'i INC other hand. the increase ina value
'' domestic shipment of per cent Gross
earnings ON c.ghty-thrce railroads i'm Feb
1lHfN show 81 loss OF 10 per cent com
pared with February 1893. that being A
little greater than in January when 81
was l2f per cent. less than in that month
7he year before Southern and southwest
srn roads present heavier proporuonate
losses. the Granger lines doing better thau
.Il A. "A Irr.It
and oats advanced l-Sul3-ic. iu
puce respectively this week. ana cotton
and sugar remained unchanged. domestic
N...es have again been shaded Outting
lralian woods out OF The market 80
jan u.s. competition as 90 price is con-
d lis and shaped iron. steel billets
aUl raIs and iron ore have also been
shaded again. iu some Instances making
'.N .aW records Chicago advises that
l..ns EFF national banks there have ln-
creased szgoVl0 and total deposits Si3-
utWl smce December Ali New York
ssarina- house banks report loans S22Olo.-
nl heavier since December, and deposits
f.NNDH heavier
Business at Nashville g. smaller than
year aeo. Memphis reports moderate
gains in sales of plantation supplies. hard
wafe and dr, GOODS. South Atlantic coast
cities report mo- new feature within the
week. which is true as well at Mobile,
firmlnshHu. and Galveston. New Or
leans complains that slow payments of
sugar b0untios are having am unfaVorable
FHacnce ou general trade. Relatively the
mo.t favorable report al the South. as
heretofore, comes from Augusta.
snow Church Company.
The s1ow-Church Company's weekly re-