Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1890-05-26
GREATER N EVER.
The Volume of Legitimate Trade
at This Season of the Year.
Ordinary Business Indications
More Favorable.

Reports More Encouraging Than Usual.
Money Plenty and Cheap--A Decided
Improvement in the Great Industries.
Wooden Manufacturers Keeping an Eye
Open for "a Tariff Change.
New York, May 26.-R. G. Dun q
Company's weekly review of trade says:
All the ordinary business indications
grow more favorable. While specula-
tion in some lines is active, possibly
nearing the point of danger, it is unde-
niable that the volume Of legitimate
business is, ON the whole, greater than
it has been at this season in any previous
year Money is comparatively easy, and
commercial credits undisturbed.
The volume of business at New York
has been swelled by heavy speculation,
and at Boston sales of stock are three
times those of last year. But bank
clearings at Boston, Philadelphia and
Chicago are 20 per cent, larger than
year ago, while the aggregate at all
other points outside of New York is 25
per cent above last years. The rail-
road earnings still tell the same story.
The foreign trade shows less change,
and yet it is heavy; exports from New
York in May thus far are IA per cent.
larger than year ago, and imports here
per cent. larger. In all these compari-
sons it is to be remembered that last
years movement was about the largest
ever recorded
The reports from other cities are more
encouraging than usual At Boston
very fair business is reported, with
money easy, and the lumber trade not
affected by the carpenters strike, At
Philadelphia business is of fair volume
at low prices, and money is plenty and
cheap.
Iron improves.
Az Chicago the movement of grain and
meats exceeds last years; the dry goods
trade is good, though not up TO last
years liberal orders for boots and shoes
and larger sales than for some time are
noted but there is q slight relapse in
clothing; the money market Is un-
changed, and the prospect deemed good.
st. Louis reports favorably as to nearly
all lines of trade, with money in good
demand.
At Milwaukee and st. Paul trade is
good, and business ut Omaha and Kan
sas City is up to the average, with some
lU DtbIOlU VI llIt NOOk
weather But Mt these and all other re-
porting points this week collections are
fair, the money markets are undisturbed,
and there is apparent much confidence
in the immediate commercial future.
The great industries also look better,
for even at Pittsburg, where the recent
decline in iron was felt most, there is u
decided improvement, pig being higher
and Bessemer fully III per ton, with
manufactured iron stronger. AT Phila-
delphia prices have slightly improved.
Nothing favorable can be reported out
of the wooden manufacture or the trade
in woolens, except that makers appear
to have adjusted themselves to the situa-
ton, and, though buying only for pres
ent needs, are still buying, with the
hope that change III the tariff may
lessen foreign competition.
In the speculative markets wheat has
been stronger, rising two cents, with
sales of 33, 100000 bushels here, and the
exports continue far. Corn has de-
clined nearly one cent, and oats risen
as much Pork products are all shade
lower, and coffee unchanged, but oil
has risen over five cents, and cotton
seven-sixteenth cents. In general,
prices of products are lower than
week ago, and will naturally decline as
new crops approach,
The business failures during the last
seven days number 222, as compared
with 2l2 last week For the same time
last year the figures were 229.