Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-07-30
DUN's WEEKLY REVIEW.
The Iron Trade Is Reported Dull
With Lower Prices.


Business failures occurring throughout the
country during the last week as reported to
r. G. Dun & Co.'s mercantile agency: Unit
cd States 2Sl, Canada 90, total 25i; against 27i
last week.
n. G.. Dun Il Co.'s weekly review of trade
says: "Some Improvement in the business
situation is still noted. There is more actual
trade in most of the leading branches and
more general confidence as to the future.
The average decline in active stocks has been
= 81 81 per share for the week. Speculation In
products is springing up which threatens to
make troubles when the crop movement be-
comes large.
Tho distribution Of circulars in enormous
numbers from Minneapolis and Washington,
professedly by the Farmers alliance, advls-
ing all farmers to hold up their wheat does
not yet affect the actual receipts, but stimu-
lates spectators to buy largely in expectation
of boom and much money has already been
locked up in accommodating stocks. With the
utmost freedom in movement of wheat the
recovery from Europe of $4,000, 600 of gold
shipped this year would be difficult, but with
wheat exports checked for some months the
scarcity of money would be felt in all mar
kets and all branches of industry.
Reports of the condition of trade are gen.
orally more favorable than week ago.
At the west crop prospects are good every
where
At the South little change is noted and
money is generally tight and trade inactive.
lint tha al I'm,
proved in Alabama.
Sugar is active and firm at New Orleans,
and trade holds its own at Savannah. The
suspension of the bank at Paletka causes
some depression In trade there but the
heavy purchases Of tobacco at Key West
show unusual activity in cigar making, Bus
mess in Florida is more promising than last
year.
Cotton has fallen from $50 to cents for
trade for the season.
The average prices of all commodities have
fallen ~ per cent during the week. The
great industries show Improvement in wool
and leather manufacturing but no signs of
recovery in
IRON AND COAL.
The depression In iron is serious, though
prices are, on the whole, but little changed;
nevertheless some shading is seen and at New
York reports of cutting in Southern iron are
numerous. Rails are stagnant. the ship
ments to July being but 454, 42S tons. Little
is doing in bar iron and plates are quiet and
the market for structural iron Is disappoint-
ing. Contracts are expected for six sea- going
steamers and some bridge contracts are made
at very low prices.
In the wool trade large sales at Eastern
cities and continued large receipts at the
West reflect the Improvement which a better
demand for dry goods naturally causes. Con-
siderable improvement Is seen in the sales of
fall and winter woolens and some activity in
spring goods. Leather is awakening and
manufacturers are laying in stocks more
literally. Boot and shoe prospects at the
South and West are excellent and Boston
shipments again exceeded last years, but the
money market at the West shows an increas-
ing demand and at some points approaching
strtngency. and collections are not, ON the
whole, good for the season.