The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-17
IMPROVEMENT APPEARS,
AND THERE rs A MORE HOPEFUL
FEELING INBUSINESs,
But the Change Is Gradual In All Circles
OF Trsde-A Weekly Revue" OF the
Condition Of the Country.

NEW yOpK Nov. 16.-R. G.. Dun &
COS Weelsiv Review OF Trade tO-mor-
row will say: In nearly all ordhches OF
business gradual Improvement appears,
and the hopeful feeling ousSl teI Ias'
week. Then ii was also noteu tnat t1e
main conditions OF business anu " 4I I
comes clearer. 10 the disappointment OF
some. Low farm products low wages,
and only partial employment OF laoor sun
retard distribution, ana the united ue-
maud binders the recovery oil industries.
Progress toward recovery has not
ceased. and many estimates have re-
eumed or added to their producing force,
some also advance wages, but IL win
take time to lift business out OF us
depression. and the progress MADE, II
less than the sanguine expected, IS al
least encouraging. The decision TO oner
$1,000, 900 bonds for repleniehment OF the
treasury reserve was by bankers gen
orally approved, but events are showing
that rest6ration of confidence cannot by
itself remove all embarrassment
II is generally assumed that the oHefed
bonds will b. taken al once. ne elleC
Is less easy to anticipate LOT the lottld'
announcement that after beneIdi g.
construction OF the revenue laws II Is
still found necessary 70 borrow larsely'
tends TO raise doubt about financial pro
visions for the future
GOLD FROM LONDON.
The reported importation OF gold IRON
London with A loss on us race OF S',5V
at present exchange rates rs presuilnlaip'IIy
meant TO affect bond subscriptions. mere
have already been some "lthlardwailS o
gold from the Treasury by redemption 81
notes 10 make payfuents for bonds, ana
goods rather than goa, ore lhely ="
come from abroad 100
Money continues 10 D'Cuiuuld1c' 10y Io.S
ba To the South
has diminished Bankers are mucn en-
couraged by Indications OF larger ouSl-
ness, but there is no Increase as YET III
commercial borrowing, ana one dry soous
loan has been taken al IA per cent
Merchandise imports IN TWO weeks OF
November have been rs per cent. larger
than last year. though 90 per cent. less
than In 1892, and exports TOT the same
time show a decrease or about per cent.
Exports OF breadstuffs. coal, provisions
SS SIS. 9aj last year although million
bales of cotton went abroad and tho
value Of the same quantities exported
this year would have exceeded O,WOVO
at last years prices. me difference IN
prices alone being S060.00) in cotton,
and $4,000 in breadstuffs.
COTTON INDUSTRY.
Resumption Of work, and increase Of
working time have been more consplcu-
Gus in the cotton industry than in 9th
ers, but no increased demand for goods
appears. Print cloths are unchanged
and the market Is dull.
For finished products of iron, the de
mand Is, on the whole, narrower, so that
structural beams are lower, the barbed
wire commission has broken, the strife
in nails continues at the lowest prices
here; the following named and both gray
forge and Bessemer are a shade lower
at Pittsburg. At the West there IS a
little more improvement.
Failures during the first week OF NO
vember were rather larger than Of late,
Liabilities amounting % &,0N iij. Of which
S7i2, 40 were 81 manufacturing, and g.
O8977 Of trading concerns. In fve
weeks, ending November LIST, liabilities
I'm failures were Ni,lZ1.Z0 OF which 81,
CASH were OF manufacturing and S.
5u,9A OF trading concerns. The failures
IT The past week have been 20 in the
United States. against 323 last year, and
o5 In Canada, against 80 last year.
BRlDsrRRTTs REVIEW.
NEW YORK. Nov. 16.-Bradstreet's to
morrow will say:
Perhaps the most conspicuous favorable
feature Of the general trade situation is
found in numerous reports from mer-
chants and manufacturers throughout the
country OF a disposition to regard the
business outlook more encouragingly and
with increased confidence in an early inn
tons OF the Southwest and South adj
vices from the interior are that the oCun-
try merchant is doing an increased vol
ume of business. based on favorable
weather and large crops.
This is the most striking in view ~
continued reports Of the unfavorable effect
on trade South OF the low price OF cottN
From Georgia II is learned that fertilizer
manufacturers have arranged 10 curtail
their output next season, I'm some in
stances as much as Az per cent. Among
larger eastern cities, Philadelphia, Pitts
burg and Buffalo report a moderate i'm
provement I'm some commercial and manu-
featuring lines.
Among southern cities, New Orleans re-
ports relatively the greatest gain In
volume OF business. not only In groceries,
but shoes and dry goods. and Improvement
is noted at Memphis and a good volume
at Jacksonville also.
The least favorable situation Is an
nouuccd By Galveston, with collections
quite unsatisfactory and some interior
merchants asking for extensions. Chat
tanooga. too, reports trade duller and
collections slower. due 10 cotton being
withheld from market. There is a fair
movement Of merchandise al Atlanta and
savannah. but at Augusta jobbing IS dun.
Business I'm most lines Is reported very
quiet at Birmingham and at Charleston,
and, except for holiday goods, at Nash
Vile.