Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-11-05
DUN'S WEEKLY REVIEW.
The Business of the Country Is
Not Satisfactory.
At the South All is Brighter.

Dun's weekly review of trade says
The business failures occurring dur
ing the past seven days number: For
the United States, 207; Canada AZ,
com pared with total of 249 last year
and 259 the week previous; the CORE
spending week last year, 2oS, repre-
, senting $50 failures in the United
States and IS in Canada.
The improvement in business con-
tinues. 1t is greater than before at
the west and considerable at the south
and is clearly perceived even at the
ea,st; yet, Encouragement in some
bra inches of industries is not less, but
more apparent than before, evidently
| because calculations had been made
upon more rapid and great increase
in business than has been realized.
Peculiar expansions in some trades and
depr essions in others exist, which is SO
gene raj that it might easily be misin-
terpl eted. i
In the speculative markets the ten
dency to reaction in stocks prevailed.
The Bank of England advanced the
rate of interest and gold imports have
been, for the time being checked.
The reported prohibition of wheat
exports from Russia has stimulated q
specula lion in bread stuffs which
threatens to interrupt free marketing.
| The iron industry shows the most
change, for following the large gain
of output. last month there has come o
decided change of tone. Extreme
anxiety TO- sell pig iron and financial
weakness in unexpected quarters pro-
duce the present depression, which is
in curious contrast with the Astounding
confidence which prevails regarding
the future. Additional sales of rails
reported are rs, 900 tons east and 80 900
tons at the west, but the bar mills find
lack Of orders; plate mills have a
fair business at the lowest prices ever
recorded and structural iron is irreg-
ular and also very low.
The anthracite coal market is more
cheerful, production to October "a be-
ing 81 ,8o8, 1918 tons, or 3,059 AL more
than list year to date. The dress
goods market is active and the works
we'll employed, though narrow mar
gins of profit. Cotton mills have in
creasing business in fancies, but trade
in staples is falling off, and buyers
urge lower prices as justified by the
decline in aw cotton. Yet the south
ern demand is better, and trade on the
whole fairly good.
Reports from other cities are decid-
eddy more encouraging than usual,
though at the xeast the Improvement
is not rapid. At most southern points
trade improves, but at Charleston
money is tight. Wheat rises cents
without any excuse. Speculative ma
nipulation has raised corn s cents, but
pork products are shade lower, and
cotton declines 1-16c with continuing
heavy receipts. Oil has fallen 3-Sc.
Best coffee is shade mp and sugar is
unchanged. No fears are entertained
of monetary pressure, for it is not be-
lieved that the advance in rates of the
Bank of England can much diminish
the shipments of gold to this country.
The treasurer put out 81 500, 900
more in new treasury notes, but took
in the same amount Of other forms of
money. Throughout the east and
west and at most of the southern
points, the money markets are well
supplied, for legitimate business and
rates tend lower, while collections i'm
prove to, some extent almost every
where, especially at the principal
western points.