Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1890-05-19
nlIN,s REPORT.

weeEiy Review OF the Condition of the
country's Business.
NEW YoRK, May 10.-R. G. Dun q
Company,s weekly review Of trade saysi
The stock market has rushed ahead
until it has absorbed all the money With
in reach, and now some signs of reaction
appear, with little selling by foreign
holders. Substantially the same phe-
nofnena have been observed in wheat
and corn, and in the market for pork
products. Each has at command a linn
tied amount Of money. When the sup
ply is absorbed, whether by aeculnula-
ton Of stocks carried or by advancing
prices, q reaction is natural. The tend
ency Of prices during the past week has
been downward.
Wheat declined two cents ON sales here
OF only $4,000, 900 bushels; corn cent
and three-qaarters on sales Of 12,500, 900
bushels, while oats are steady.
The trade begins TO comprehend that
inside Of thirty days a new crop of
wheat will begin to come into the mar
ket, and, while winter wheat Is certain
to be short, the report from spring wheat
states indicate great increase in acreage
and good condition.
Oils two and hree-eighth cents higher,
without definable reason.
The market for iron is weaker, and
the increased products Is sufficient ex-
PLANTATION. The Philadelphia market is
waiting" the Pittsburg market is less
strong in tone, and sales of southern
iron continue TO push down prices at
New York. Steel rails have been sold
this week at 5000 and $31 is freely
quoted. The structural market shows
no improvement, but plates are in fair
demand and bar iron is thought to be at
bottom. The key Of the iron business is
that railroad building does not increase,
and the demand for structural iron is
cut down by the concession of the eight
hour day TO the building trades IN
many Cities Coal is still weak, but
copper and tin firm and rising.
The reports from other cities are al
most uniformly encouraging. At Phil
vdelphia in the leather and boot and
shoe trade there is activity, while the
wool manufacture is hindered by appre-
hension of higher prices, and spinners
take for immediate wants only. This
Is true of Boston also, though the
prices realized at the recent fiannels
auction here have a depressing influence.
At Chicago dry goods sales exceed last
years, and payments are fair, but the
clothing trade is dull, and the fact that
the bank clearings are larger than ever
before finds explanation in speculative
activity In the grain and pork markets.
St. Louis reports good trade, and
supplies of money equal to the demand,
while at Pittsburg trade is rather dull
at Cleveland fairly active, causing some
monetary stringency; at Milwaukee only
fair; at st. Paul improved by recent
rains in the northwest, where drouth be-
gan to be feared; at Kansas City rather
quiet, and at Omaha good, with easy
money.
The monetary situation at New York
has not been altogether satisfactory.
The foreign trade of the port is more
satisfactory than was expected, showing
an increase over last year of $4,000
in exports for half of May, more than 40
per cent.
Business failures occurring throughout
the country the past seven days number
2l9, as compared with 209 last week.
For the corresponding week of last year
the figures were PAP.