The Port Gibson reveille. [volume] (Port Gibson, Miss.) 1890-current, 1890-06-06
THE WORLD OF COMMERCE.

r q. Dun Co.'S, Weekly Review of tho
state of Trade and Commerce Generally
"A sharp Decline in Wheat aud
Strengthening of the Cotton Market the
Features The Money Market Amply
suppIied-Business Failures.
NEW York, June 1.-R. 9. Dun & Co.
In their weekly report says:
Another week has brought distinct reac-
tion in speculative markets. which was only
suspected a week ago. Stocks and wheat
have had a sharp decline, though the busi-
ness In progress throughout the country
seems about as large as at any previous
time. with no disturbance in the money
market, and no commercial disaster 10
cause apprehension, prices turned down.
ward, and the expectation OF an expansion
OF currency no longer sufficles 20 lift things.
Reports from interior cities continue highly
encouraging. Improvement Is observed at
Chicago, Milwaukee, Minneapolis and other
points where the brighter wheat prospects
have most effect recent rains having iusti-
fied larger estimates. At the South the crop
prospects and business Is satisfactory for
the season. AT the East groceries have been
comparatively active. and the boot and shoe
trade fair. while strikes still fall to disturb
the markets for building material The
great industries have not materially
changed In position. for although specula-
particularly IN bleached, the demand IL
only steady, and print cloths have not risen.
Wool Is called firm only because buyers and
sellers do not yet make concessions. The
iron and steel industry has not yet realized
the decided Improvement which dealers
hoped was foreshadowed by the hrmer tone
last week, and buyers do not forget that
the present production, at the rate q
nine millions of tons yearly, Is more
got into consumption. The works are gen
orally employed upon orders for some time
ahead. In the speculative markets wheat
has had a sharp fall OF 5ls cents on sales OF
q, 600, 600 bushels here, In part because rams
throughout the Northwest greatly Improved
the spring wheat outlook, but also because
high prices had checked exports. Corn has
heen Unchanged and oats one-half cent low
ar. oil speculation has also weakened "a
CENTS But cotton has been screwed up an
other one fourth of a cent by manipulation
and coffee has been lifted as much. The
stock market has had a considerable re-
action, by most persons attributed 20 the
appointment of a receiver for the chicago
| Gas Trust. and the sharp falling In that ana
Sugar Trust stocks The money markets Or
the interior have been amply supplied, and
while money Is sitter at Boston, close at
/ Cleveland. and In brisk demand at MIL
waukee. the demand Is good at Kansas
CITY, fair at Chicago and moderate az most
other western towns; but the market i
stronger at ST. Louis.
The business failures occurring through
out the country during the last seven days
i a. reported to r. G. Dunn Co., number;
For the United States, 204, and for Canada
IA. or a total OF 21s failures, as compared
with a total OF 272 last week and 2i2 the
week previous to the last For the CORE
sponding week OF last year the figures were
ais, representing zoo failures In the United
states and is In Canada