The Brookhaven leader. [volume] (Brookhaven, Miss.) 1883-1891, 1888-09-13
TRADE REVIEW.
Dun's Weekly Review The Situation
Healthy and a Marked InrroJement.


Healthy and a Marked Improvement.
NEW YoRR. Sept. 5.--R. G.. Dun g. Co.'S
weekly review Of trade SAYS: Wool and
iron industries respond at last, though
with some hesitation yet, to the st'mulGs
offered by good crop Prospects. The in
| creased demand for wool is shown in the
higher price for nearly all grades. Coates
circular for September reports consider
able speculative feeling and the average
of 1OS quotations Is now ~ I cents against
2l.7 August |. There has Feet distinct
improvement in thc purchasing by manu-
factur'"r< md ia dress and knit goods more
RctiVity. The demand for cotton goods Is
at present comparatively light and
irregular In the iron trade also an inn
proving demand is felt in oil directions,
excepting in the market for steel rails.
Pig iron is firmer and though some South
erh iron is still offered below current quo
tatIons, and four new Southern fuNtaCes
are to begin work this r.:Onth, the tone is
| firmer. At Pittsburgh, advances of - to 30
| vents per ton are reported. Bar and other
finished iron is stronger there and at Phil
adelphia and some speculative disposition
in the pig iron markets is noticed. Clevei
| land also reports an impro'e ed dtrfiand tor
ore and bottct prices. The deliveries of
steol rails for eight months of this year
| have been only 7l0,j02 tons, against l,045,-
| 0iS last year.
The speculative markets are higher
wheat nearly onc Cent, with sales of a.,
oNh0H bushels-and corn about cent, in
spite of excellent reports as to the probable
yield. Cotton has risen nearly half cent?
though the best recent rercrtH from le&as
as TO the Yield :tIe confirmed. The coffee
/ M arb C holf a ,.itb bot
demand. Oil is i. cents stronger and
foreign hides half cent higher. Sugar
had advanced a sixteenth and lard nearly
half cent, though other pork products are
steady and hogs 10 cents per leo pounds
| lower. The stock market hns rhai ed the
upward tendrrrfl showing an advance of
about haf dollar per share since a week
ngU. The gross earnings of railroads con-
tinue encouraging. The wars Of rates
do not cease and the decentralization is
such that the trunk line pool and the Gem
| trel Traffic Association have practically
ceased operations. Weakness eni selling
! in important Western stocks continue, but
the marked Improvement in the coal trade
! hclr7 many stocks. The situation does
not stimulate the demand Tor securities
offered by projectors of new roads. nor do
returns of foreign trade promise the I'M:
ports of gold which arc usually expected
in the fall: Exports from New York fall
s',e0O,O0O behind last years for the last
week reported and II per cent. behind for
the past five weeks.
The accounts from interior cities contin-
| ue decidedly favorable. AS to collections
also, while some complaint appears, the
general tenor of report is more favorable.
The increased demand fer iaohet has
caused some eloseness in the market at
Baltimore, Cleveland and Nashville, but
at most points the supply is ample. The
| treasury has taken i'll during the WEEK
S2,000,0o0 more than il has paid out, but
the payments FOR SlG000,OO0 bonds pur-
chased have not yet been reported. The
business failures number 224, as compared
with 22G for last week and PA the week
previous to the last. For the correspond
ing week of last ear the figures were ia,
and - for the Dominion of Canada.