Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-01-29
BRIGHT OUTLOOK FOR TRADE.
Silver Bullion Has Acted Very Curl.
ously.

r, G. Dunn 4 Co.'S weekly review OF
trade, for week ending January 18th, says;
How far the situation and prospect may be
changed by the passage Of the free coinage
bill by the senate Us as yet mainly matter
Of conjecture.
Reports of the state of trade at different
points reflect the situation and show a gem
eral improvement in the volume Of business,
an easier money market and a More cheer
ing outlook At New Hork, however, The
rise in sterling exchange to-day Is s4,SIs
against "a S6l< week ago and 81. W Decem-
Der 81, is believed to Indicate desire ON the
part OF some to have their funds in form
not to be affected by financial legislation.
The railway situation is better and pros
poets brighter, and Europe does not now APP
pear to be selling American securities to any
large extent. Eports of merchandise heavily
exceed imports in value at New York for
January. Thus far the increase In exports
over last year has been Il 400 900, or about IL
per cent while imports here show decline
OF s., 900, 600 or about Is per cent. Prelimi-
nary reports Of the exports OF cotton, bread
stuffs, cattle and petroleum in December
show an aggregate Of $74, 1856 ,449, against
ga, 463 $50 last year, when exports were al
most unprecedented Heuce it appears that
the excess OF exports in December was very
large, id spite of the decline In the move
meut OF hreadstuffs, which higher prices
tend to prolong.
For the past week, with wheat cent high
or, corn and oats practically unchanged and
cotton S-16 cents higher, the exports OF wheat
have been only about half OF last years, OF
aour less than a quarter, and of corn only
one eighth, while the exports of cotton show
a decrease for the week. in spite Of consider
able increase in the receipts. Pork has not
changed, but lard and hogs are higher. Oil
is Il cent lower and the speculative markets
are generally rather weak outside OF those
above mentioned. Silver bullion has acted
:uriously, having risen to 4Ss4 pence before
the passage of the silver bill; It fell to 49,
OH Friday after the vote and shows weak
ness similar to that observed in the stock
marked. Reports from other cities show that
until Friday the situation and outlook had
been improving and Il feeling Of greater con-
ddence prevailed.
Boston notes greater activity in wool.
Philadelphia reports easier money, better
trade in canned goods and in wool. fair trade
In groceries and in jeweiry and paints
Trade is improving at Louisville, Memphis
and Jacksonyille; only fair at New Orleans,
cut increasingly active at Baltimore, where
the value OF manufactured products in 1890
was about $50, 10000
the banks are able to help customers more
dberally, but at the east, the difficulty of
making commercial loans has not entirely
ceased, though money on call Is way album
liant.
At tho west and south, all e. money
markets are easier, though rates GA hot low
Or, and caution in regard to the character of
loans is more frequently noted. The market
Tor wooden goods is more hopeful and the de-
mand from clothiers is better, while the boot
and shoe trade continues highly satisfactory
The weekly output Of pig iron January 1,
was but l67, $50 tons agofnst 1888, SAG Decem-
Der l.
Print cloths have sold at the lowest price
aver recorded, 2. "a cents for "a. In general,
che course of prices for manufactured pro-
iucts is not hopeful to producers, while the
cost Of living and production is enhanced by
speculative advances in the prices OF many
tarm products.
Failures during the week number 500; fol-
the corresponding week OF last year tba fig
are was 30o.