Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-08-13
DUN's WEEKLY REVIEW.
Thinks the Outlook Decidedly I'M
proved this Week.

trade SAYS: Business failures occurring
the country during last week
number for the United States 20f, Can.
ada "a, total of 231, against PAT last
week. With business In many lines |
disappoiutingly dull, a feeling of conf
dencc nevertheless distinctly increases.
Its basis is that crop prospects OF a for
eign demand for American grain expand
with every weeks news. Unless many
concurring reports, officially and unotii
cially, are greatly in error, Russian crops
have so far failed that exports from that
country must be small, while the re-
quirements of Fl gland, France and
Germany must be large, hence heavy
movement of wheat for the season. Re
ceipts at western points exceeding
million bushels every day, depresses the
price but little The belief increases
that the country will be able to sell such
vast quantities of grain abroad and to
draw so heavily upon the foreign sup
plies of capital that home industries will
be greatly stimulated.
Cotton reports are also most favorable
on the whole, and corn Is making excel
lent progress with an enormous acreage.
Monetary difficulties are still in the
future, for though, at some Southern
points, markets are tight, supplies at
western centers are adequate for legiti-
mate business and moreover speculation
gets less help than usual, Depression in
some great industries continues and is
real, but may be traced to causes OBJ
viously not permanent. Thus iron man
,,f, mt, g 10 h Lo
ity of railroads to make purchases, be-
cause they fail to negotiate securities,
but when the large crops and profitable
business have placed the companies
in stronger position they will be able
to buy freely again.
Cotton manufacture is retarded by the
extraordinary fall in the price of cotton
and consequently losses on goods made
from material purchased early in the
past year still finds fairly large demand
and at some reduction in prices. Most
goods are moving freely. Bleached
goods are lower and print cloths dull at
1857, but ample supplies of cheap ma
terial promise healthy business here
after. Wool manufacture is distinctly
improving and sales at Boston rise to
5,1S6, 900 pounds. Sales at Philadelphia
and New York since January l being
14S,000,000 pounds against 1873, 900, 900
last year to the same date.
Reports from other cities reflect grow
ing confidence in the future. At Boston,
the trade in merchandise increases, and
is very good for boots and shoes, with
factories we'll employed; and western and
southern reports are quite favorable. At
Pittsburg, manufactured iron is fairly
active, and the glass trade good, but
collections. Chicago feels the effect of
the great crops distinctly, wheat receipts
being sevenfold, last years, rye fivefold,
barley twofold, wool nearly double, and
in corn, beef, butter and hides some in
crease appears, as also in all sorts of dry
goods. Sales of clothing and shoes are
larger than ever before at this season.
and in all lines collections are satisfacz
tory.
At other western points crop propects
are almost everywhere mentioned as I'M
and at St. Louis the demand
for money in interior towns grows press
ing commercial borrowers are held close
" to their needs. At Minneapolis and
st. Paul, Omaha and Kansas CITY trade
is generally good. At Louisville and
Nashville improving, ard at Montgom-
cry the demand for goods is fair, but
credits very cons ervative; while at Mem
phis and Savannah reports of trade are
ess favorable, and at Jacksonville bust
less is very dull Unfavorable weather
las strengthened cotton at New Orleans
md the demand for sugar is good with
ice and money in good demand but
With supplies ample for legitimate trade.
Prices of commodities are down, and for
he first time this year the general level
8 lower than year ago, having declined
q per cent the past week. Wheat has
allen 3-3 cent in spite of exports greatly
exceeding last years, and the enormous
western receipts make the constantly re-
'eated assertions, that the alliance can
lold back wheat, appear ridiculous.
Western estimates, not unusually ex-
rene, now allow from 5S5, 900, 0O9 bush
lis upward for the crop; while even more
Tolerate eastern estimates make zoe, 900.
100 bushels for export. Corn is / IL
'ents lower, making products fraction
over; coffee 1-Sc and oil 1c lower.
FINANCIAL PRospEcTs
have not changed, and though money on
call IS cheap, commercial loans are made
with caution Large failures have &C
CURED, but none threatening financial
disturbance. The tone abroad is less
and the bank of France has
gained gold largely, but pressure in
Europe must result If needs t ~ bread
stuirs are a. / rye as is suppos d
Foreign imporss of merchandise in
New York in July fell 10 per cent below
last year, while exports largely increased.
The demand for money to move crops be-
gins to be felt BY many banks, and dur
ing the week the treasury has taKen 10
from circulation $500, 900 more than it
has paid out.
Foreign exchange has fallen from
e4.S6 liz to 81. SIS IA, and some talk Of
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