The Russellville Democrat., 1890-08-21
THE coUNTRY's COMMERCE

The Commercial Situation Throughout
 the Country According to the Weekly
 Report of R. G. Dun S Co. -Manufaet-
 uring Industries Doing Less. but speeu-
 lative Business More Activc--A Tendency
 Toward Higher Prices-Business Fail
 ures for the Week, Etc.
 NEW YoRK, Aug. 16.-R. c. Dun & Co weekly review of trade says:
 The industries are doing rather less and the spectators are doing more. That Is the weeks history in brief, but the volume of the legitimate business Is very large, ex- ceeding last year at this season by about 10 per cent, and the bulk of fall trade is con- sidered excellent at most all commercial centers. Tho range of prices of commodi- ties Is rapidly rising, and advanced more than one.half per cent during the past week. In the first purchases of silver bull ion under the new law, the prices paid for S00, ,00J ounces were shade above the Lon 1n price, and the offerings said to have been about ,000 O ounces. The official crop report sustained the fears of serious injury to wheat, corn and oats, but indicated that the yield of cotton is likely to be larger than that of last year. Wheat has ad- yanced it5 cents, with sales of 30 000.000 bush els here oats 1 cent and corn, having pushed quito high before the report appeared, has since declined Ia cents on sales of eight and e-half million bushels. Pork Is haf a dollar per barrel lower; hogs are com ing forward Tn great number and do not ad- vance. Cotton has fallen three -sixteenths, but Is still so high that purchases are linn lted. Coffee has not change Oil has risen 24 cents and hides and leather are strong. The potato crop Is short and prices high, and the minor metals are about steady at recent prices though dull. A heavy decline appears in the weekly output Of pig iron, which was 16I,T98 tons August l. against I75727 July l, and ls079i June l. Prices show little change though one large Southern concern Is reported to be cutting libcraiiy. The demand for finished products is full and well sustained and some forms of plate ron are little higher. The wool manu- fracture shows no Improvement, and many makers express growing disgust at the seantlness of purchases except for the cheaper grades. Wool does not advance, continue. Coal Is very dull, and the output stilI falls below last years. Dry goods tobbers note that South ern and Western buyers are more numerous than usual, but whlle cotton goods are well sold up, the demand for wooden goods is fair. The reports from other cities are gen erally favorable, no complaint boing any where made as to the volume of business. Chicago notes that drought in some iocali- t,es has affected crops so that purchases will be diminished, but tho Injury Is not yet thought in commercial circles to be of serious magnitude. The dry goods and clothing sales exceed last years and collections were never bet. ter. St Louis notes fair volume of trade, though less strength than last week; at Milwaukee rains are held to have improvel crop prospects; St. Paul reports the crops equal the anticipations, and Minneapolis notes good lumber trade and satisfactory building. though low water restricts the -four output. At Omaha trade is good Kansas City about average; at De- troit excellent, with manufacturing works fully employed, and at Pittsburgh and Cleys- land especial change is seen. Phiia- delphla reports the demand for dry goods strong, and stronger market for groceries. Money Is snug and firmi tighter at St. Louis and In demand. About mill ion has been sent West from this city during the week, and the treasury has taken In Sl,7000O moro than 1t has paid out but tho Bank of England has gained SS326,000 gold and while gold rises in premium at Buenos Ayres again, the foreign demand Is not felt here at present The reports of mcrchan- disc from New York fall below last year by per cent for half Of August while the iIn- ports continue very heavy and those con ditions, with the advance in speculative markets, are not entirely favorable,
 Failures during the last seven days: For the United States, l74; for Canada, 23; total l97 compared with 30s last week. For the cor responding week Of last year the figures were: 2ls-isl in the United states 3l in Can