The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1890-06-20
THE WORLD OF COMMERCE.

| The Business Outlook of the Country as
Reflected In R. G. Dunn a. Co.'S Weekly
Report - Speculation Not Particularly
Active, But Legitimate Business of Al
1 most Unprecedented Votume-The Money
Market Easy-Busiuess Failures, Etc.
New YORK, June IA. R. G. Dun s. Co
their weekly report say:
Speculation has been neither large in vol.
| dme nor enthusiastic in tone during the past
| week, but the legitimate business of the
| country continues unprecedented in volume
TOT the season, and highly encouraging in
prospects. Although the Treasury has
taken IN $2,9Oo,000 more money than L has
disbursed, and foreign exchange, appar-
emily because of sales of American secur.
| tiles and slackening of exports, has ad-
vanced about cent during the week, the
current rate for money on call has declined
| from to 4ls per cent There has been quite
decline in exports from New York for two
weeks past the value having been Ia per
cent. below that of the same weeks last
year, while in imports here a moderate
increase continues, last week s per
cent But the flow of currency to this
center supplies demands and makes the
market easy, and confidence in cur
rency expansion by legislation is una
bated. Interior cities report rather more
demand for money and at Boston rates are
rising; at Chicago and ST. Louis steady and
at Philadelphia dull, not much commercial
paper offering. but at most points the de-
mand is fair with a sufficient supply. Crop
prospects begin to rule all markets at this
season and these are distinctly improving.
The capacity of iron furnaces in blast June
was lS),795 tons, against 180,093 May l, and
l37, l19 year ago. 1t seems scarcely cred-
Bile that the actual consumption can be 81
per cent greater than year ago and yet
the tone of the market is fairly confident,
and does not indicate material accumula-
tion of stocks. Eastern makers are said to
have checked the incipient advance In
prices, in order not to establish market
for Southern and Western producers to an
load on. The demand for various forms of
manufactured iron and steel is still good
and prices steady and sales of 10000 tons of
rails arc reported, with $31 quoted at East
ern mills. The wool market has been dull,
sales at Boston being only 1,540o0O pounds
and dealers there do not regard the outlook
with confidence. Philadelphia and Chicago
reports Indicate that growers are holding
for higher prices. But no improvement is
seen in wooden goods, though dress goods
are in fair request here and stocks of light
weight cloths are small Flannel mills
are generally cutting down produc-
ton. Reports from other cities
show healthy state OF trade with
clear signs of Improvement where better |
crop prospects have immediate influence. |
Railway wars do not cease; on the contrary |
more cutting of east-bound rates appears, |
oHu arc SuSp6Cbtu u |
Willingness to see lower prices. 1t is but |
fair to remember that the competition of |
Canadian and lake lines is felt with con |
stantly increasing severity, and until the |
inter State laws have been changed, appa-
rently must be. Prices of stocks have been |
weaker, though sugar trust has been put up |
again With reports of large profits. The de- |
lay of the Senate finance committee in act |
ing upon sugar duties suggests some uncer- |
tainty, but IN main the House Tariff bill has |
been accepted by the committee aud is |
thought likely to be passed without great |
changes. The latest advlces about silver |
legislation suggests greater possibility that |
the two houses may disagree, the disposi |
tion toward free coinage being strong in the |
Senate.
Business failures throughout the country
during the last seven days numbered: For |
the United States, 1876; Canada, II; total, PIP,
compared with 205 last week. For the cor
responding week of last year the figures
were 226 In the United States and "A in Can
ada.