Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-08-27
DUN'S WEEKLY REVIEW.
All Business is Cautious and Buyers
Are Careful,

weekly review OIL trade:
During the past week attention has
been absorbed by the great excitement
IN grain. There is little room to doubt
that the foreign demand will be greater
than ever, if prices here are not so adj.
vanced as to check it. Later reports are
still more favorable as to American yield,
and by many usually conservative author
tiles, 1T is now estimated 10000, 600 to
40,O00, 600 bushels above the govern
ment figures, which indicated about 544,
000, 700 bushels, and at the gravest fig
ure would give over 200, 900, 900 bushels
Tor export, and the latest dispatches from
Toronto says Canada has So, 900, 900
bushels to spare. 1t is in the highest
degree important for both countries that
the golden opportunity should not be
lost through such rise in prices as
would curtail foreign consumption. As
yet prices are not extraordinary high and
not as high by ten cents, with all foreign
news, as in April last, with nothing but
a dream of famine before July to war
rant them
The general business of the country
does well, with the gradual improvement
IN nearly all branches based on an actual
increase of demand from the farming
states. 1t may be doubted whether there
mas ever been more cautious and con-
servative feeling prevalent at a time when
the prospect of large trade is bright,
and IN scarcely any branch is there seen
a disposition to venture upon strong
speculative purchases. Stocks of goods
carried over have been large for years
and dealers are admonished by the full
list OF futures, and there is so general a
disposition to purchase only what it is
certain consumers will require that many
trades appear hesitating aud almost dull.
Yet the volume of business is probably
as large as ever before at midsummer.
collections are not generally good, and
there Is more than usual complaint. but
the rush of harvesting and other tempo
rary causes explain much of the delay.
1t Is surprising fact that the great
IRON industry does not yet meet the set
back which the enormous production
threatens. The movement of rails is I'M
usually small, while iron is pouring out
OF the furnaces at the rate of 1859, SIT
tons on August, against 1854, 79S last year.
Prices do not fall for pig iron or the fin
lshed products; nor do stocks appear to
increase. The production of domestic
IRON alone is at the rate of 312 pounds
for every inhabitant of the country, far
IN excess OF consumption of ali iron, do
mestlc and foreign, until last year and it
IS rlghtfully inferred that the demand for
other iron than rails must be unprece-
dented Some increase is seen for bar
and structural mills are fairly well en-
ployed.
The market for wool continues more
active than it was, Boston sales reaching
4,29S, 900 pounds for the week and ship
ments being very large from Chicago,
though trade here is very quiet for do
nestle, but better for foreign wool. The
situation as to mems goods is by no
means unhealthy, while in dress goods
business is excellent, but not very active,
but the outlook is encouraging.
At Philadelphia complaints of collec.
tons continue and the grocery trade is
dull. While no change appears in paints,
oils and glass, but for iron there is more
inquiry.
AT Cleveland no change appears and
money is In strong demand, and at Gin
.cinnati manufactures are quite busy,
while at Detroit business is good for the
season. At Chicago dry goods sales fall
short for the week, though larger than
last year. For the week thus far sales of
clothing and shoes are large, while the
receipts of wheat exceed last years four
fold and ofrye nine fold with an increase
Of about third in dressed beef, lard,
hides and wool At St, Louis largely
increased orders are seen in nearly all
lines and at Kansas City trade grows
more active. At ST. Paul and Minneap-
oils an excellent harvest makes trade pros
poets good and similar reports come from
other northwestern points.
At the South business is still dull
though some improvement is seen at New
Orleans and Atlanta, while the great fire
ut Jacksonville is reckoned upon as a
stimulus to local business. Money is
tight at many southern points and col
lections somewhat slow.
The stock market has decidedly i'm
proved in tone, but there is no sign of
speculative madness, and while prices
are higher, sales are not large. The
money market has continued undis-
turbed, notwithstanding the large move
ment to the interior for grain, and appre~
Henslons lOr the future DO not embarrasS
Legitimate business, but put wholesale
check upon speculative excitement.
The treasury has put out 81, ZOO, 900
more than it has taken in during the
week, and the failure to obtain for ex-
tensian large part of the Al per cent
bonds seems likely to oblige the treasury
to disburse large sums for the remaining
bonds on Sept 1st Money tends to ease
at Boston, is in brisk demand at north
western points, but easy for legitimate
business at Chicago.
Business failures throughout the coun-
try during last week number for the
United States 1919, Canada II, total 218
against 227 last week