The times. [volume] (Richmond, Va.) 1890-1903, 1894-01-27
REVIVAL OF BUSINESS.
.,r,II,s PROPOSED BOND ISSUE
mas sTiMULATED TRADE.
.,o,emcnt IL More Noticeable In manu-
e.,,nring Than in Commercial hiHes'
Ecrorts from southern Points.

,.,,,o recovery II industries and
Was hoped last week. sale oil
amount offered Will check anxiety
hc maintenance OF note redcmp-
..,o,c thc only pretcNt for further
of paper. and thus give a solid
. ior greater confidence res''"'ns
.. fa.nclal future.
r.. increase in number OF hands en-
.sde to the purchasing powcr OF
1. and dcnlcrs' stocks arc 30 |
PA mat any sign OF larger con-
...., n,iitkly gives mills more orders |
.. Short. the conditions are such 'ha,'
interrupted by adverse forces they |
could naturally hrins a steady ieN'N"'
. business.
$50. Row cstablis hmtuts have stop
orrk. while many have resumed or
ceased production. and though these are
works employing thousands each the
.rr.1ttc increase IS co.'s iaefabie. he-
.roas in wages continue. ana "Do"'
Fourth 90 Thcm are or ~ per ''"'.'
.., rest ranging from z 90 ID ler cen"
, ttr.rtion are quotations of manu-
..fsred products higher but While SOM
.,e actually declined. the general loi'e
- ..,.,e~.haf stronger. Thus. distinct lm-
.-ovrrnpnt is seen in the den ana TOT Hol'
--ofrcfs al Philadelphia, thouth LOT SUM-
rrirh 10 was thought could not go i'"''
..1fauons have been reduced. sales OF
l- are larger. though $3.50 rs now TN
Ian quotation for Bcsscmer at Pittspurs'
..d southern forge is sold at $50 NJ
birmingham. the lower price telegrapheu
last week having been. 30 is stated, Tor
lot OF inferior quality. The tennessee
coal and Iron Company has mace CON
tracts FOR ore which reduce the cost OF l's
iron - ID cents per ton. and lower CON
fraefe for ore and freight are also feuuC-
inc the cost 10 consumers of lake ore.
sornellsvile coke IS quoted an 81 per ION
win tine number of ovens i'm operation
practically unchanged. The increase I'm de-
mand FOR iron products Us NANNY l'
Structural forms. cast pipe. WIRE loos'
iarhod wire. and wire nails. while ~ rams
and other railway iron, business u IT,
narkaby small
textile Industries have increased the
norMng force mainly IN knit goods. un-
larwear. and carpets. though several
uoolea mills have started and others are
r.norted about 10 start.
Cottons are not stimulated rs was
f.rcd hv the reductions announced. and
ne effect has been TO make buyers OF
other goods bold of, so that the market
IS weaker.
Sow York banks again added 90 their
..3rmoua stock of money. and offers are
made for "a FUN year al per cent, the
lowest rate ON record for that period
while FOR short loans ! per cent. rules.
generalization in silver was caused by
.I.rf.nment Of the proposed import duty
Dr.. fa government of India. and also
fIa fxcd price for Council bills at
London. bat foreign exchange is not SEE
r0nslv altered. Domestic trade is the
r. Of the situation and clearings out
..fo View York are 2fOl per cent. smaller
fe
tfa average price OF commodities Us lS.OS
r- cent. lower than year ago, having
lnan t0 per cent. since October lst
while British prices. according To- the
London Economist. fell 2O5 per cent. orto-
Iar lft 10 January Isl.
Failures n the United states were $50
tfis week. against 80 last year. and 81 IN
f.naot against 40 last year. None are oil
lr.lf aeniiude
Heporis From Southern Points.
<ev YORK. y. r.. Jan. 26-nrad-
..r.et.s tomorrow Will say. The improve
mut In Industrial and commercih hl''S'
heretofore reported. continues To sioN
l..feratelv and shows gains from N'.N
-. week although more cChspicuousA lh
....,facturinc than in commercial llhe7
Tnis Is Indicated by the record ol slN's
1870 assumptions of more inpoIlHhl "i"'''
r..rfrtne establishments this week. COM
dem and severe change OF the weather
has checked shipments %. merchandise al
fr.nv Western and Northwestern points,
although orders for reasonable goods nave
iu many instances been increased win me
cold and storm. Stocks OF general hheI
llaudlse at interior points, almost WIN
unf execution. remain light and although
purchases from lobbers are generally toi
hear bv wants the accumulation OF these
DID,. argraeatlue "a considerable volume
More conspicuous increases IN sales bS
beers are of dry goods, clothing, SHOES
au1 hats There lis much better demand
f.l iron. although ut cat prices, ana lu"l"
toms in some lines of iron and steel are
below the figures al which IL was snppos
"a possible fo produce sales Of raw Wool
.re larger notably in Boston, although
Quotations are shaded. Demand for sihs
hams. prints and general wash taDrlcS
fom eastern jobOers Is steady, only cue
400 prices in some lines being the primer
rai indnoament 20 buy. Dress woOlens are
quiet though spring styles have openeu
Eastern cotton mills. are active, but pro
duet As not selling freely. Aside from the
depressing influence of an gnpfecedentedN
low range OF prices FOR leading staples
nd a heavy drag ON general trade, no"
is uncertainty as 10 the outcome Of tarin
legislation.
Accumulation OF funds at Philadelphia
emphasizes dullness. but there are gains
In sales i'm some lines. notably among
Iobbers OF dry goods and manufactu
NJ morocco. Baltimore reports the hope
frl feeling continues and that sales OF
millinery crOckery. glassware, and drugs
are larger. There is "A slight improve
nont I'm merchandise lines at l1ttsburg
where the raw iron and s:ecl markets
rar0r4 improved demand
There are more orders received at Rich
uoad and the feeling favOrs Improve
mfnt The outlook is brighter at Charles
fan but trade is quiet. Business remains
ss before reported at Nashville, but there
Improvement at Memphis in airy goods
and groceries. Gains are reported in gem
,ral lines az Savannah and al Atlanta.
while reports OF preceding weeks as 10
augusta and Birmingham continue UNI
changed There is a better demand for
iardware al Mobile and the outlook IS
lighter Trade is only fair al New or
lens but the money market is hrmcr,
owing 10 the demand caused by delayed
payment Of sugar bOuntes and 70 carry
cotton. larger volume Of trade Is an
nouaced at Galveston.
Snow, Church & co.
Tho snow-Church Company's weekly
f.fiew Of Trade. says. Business for the
past two weeks has shown gradual