The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1890-12-19
MONEY AND BUSINESS.

The State OF Finance and Commerce
Throughout the Country as Reflected
Through II. G.. rua a. Co.'S Weekly Re
vIew-The business OutIOots More Hope
full ana the supply OF Money Moro
IIentIful-The Week Notable for the
Large Number of business Failures.
NEW York, Dec. 6.-R. G. Dun &
%. s weekly review of trade says:
The business outlook ia more hopeful.
There has been numerous failures, and thers
is still much pressure, bat the supply of
money has so improved by treasury Pur-
chases of bonds and by shipments of gold
from Europe, that there is more ground for
confidence and actual Improvement Until
after January l. not much relief can be ex-
pected, and followers of unwise legislation
continue to cause much withdrawal of
money from active use, but for the present
there is less pressure here or at Boston. The
South reports fair business in spite of the
continuing decline in cotton. Spirits move
freely at Savannah,i orapgesAat Jacksonville
and sugar, molaSSes and rice at New Orleans
all at good prices. The supply of money is
ample for necessities at New Orleans, but at
other points money is tight, though banks
help their customers as far as they can in
legitimate business only. At the West
colder weather has helped trade
at Cincinnati. Detroit and some other
points, and business is only fair at Denver; /;
good for the season with large cattle and hog
receipts at Kansas City strong, with liberal
distribution of goods at st. Louis; fair for
the season at st. Paul, and more active in
holiday lines at Cincinnati At Chicago buSi-
ness continues much larger than last year,
being little affected by Eastern troubles, and
the receipts of most products show increase.
At Pittsburgh the worst is thought to be
over. Boston observes improved demand
for leather at the lower prices, and retail
goods are lCs active for seasonable products !
" N al a~a ,nn a,,d uInIn GaI or
ally quiet. Philadelphia notes little inn
provement. Iron production increased in
November, reaching 1S3, SIC tons December l.,
gain of nearly 600 for the month, and over
l4,OOO tons compared with last year. Sew
eral new and large furnaces have gone into
blast, but later dispatches show that
within two weeks a number have
stopped production, and one Southern
establishments has failed. The wooden
manufacture is doing decidedly better than
year ago, but heavy woolens open at last
years prices. This is a waiting market for
knit goods and a shrinking demand for
dress goods. The cotton manufacture Is less
satisfactory and some works are suspending
production, print cloths having fallen to 3
cents for six-fOurs The speculative
markets have not been very active. Tin has
risen half cent during the week, but cop
per is of uncertain.price, offers at 16 cents
for lake being unavailing, and the market
for lead is thoroughly deInoralized by inn
portatiOns of $3.50 tons at the recent specula-
tive prices. Treasury payments for bonds do
not yet appear in statements of cash. which
show no loss for the week. The most signih-
cant fact is that a very large proportion of
the money was taken in gold by the sellers
of bonds, presumably for withdrawal until
uncertainties about silver legislation
have passed But the fall in foreign
exchange and the movement of over $1,000,
900 gold to this side show disposition of
Enrnnpan n n a q nrOnRrtipa
here at current prices. The commercial
| troubles outside of monetary stringency are
mainly due to excessive purchases made in
| anticipation of great rise in prices.
The faifures during the last seven days
| number. for the United States, 347, and for
Canada q, or a total of 374, as compared with
| a total of 249 last week. For the correspond
| ing week of last year the figures were 29O,
! representing 260 in the United States and so
1 in Canada.