Arizona weekly citizen. [volume] (Tucson, Ariz) 1880-1901, 1891-08-08
TRADE REVIEW.


The different Trade Reviews while not
always accurate are still sufficiently so
to give a general idea of the trade
and business Of the country. Dun &
Co. in their last report show that bust
ness continues dragging and dull. In
commercial circles there seems to be
very general and growing confidence
that the business of the fall will be
large and profitable, and some improve
ment is seen but not enough as yet to
Justify ssnguine views. Trade at the
south is peculiarly depressed because
there is too much cotton. Again, IN
parts of the west where crops failed last
year trade has not yet recovered from
the great depression resulting, and as
long as the corn crop is in doubt COM
plete recovery is not to be expected.
In several states legislation hostile to
capital causes much disturbance.
Further, the collapse of real estate spec
ulation In many parts of the west and
south has brought severe losses and EN-
bsrassment to many. At the east
monetary uncertainties have powerful
influence. European difficulties do not
pass as quickly or fully as was expected,
and now serious financial trouble is ap-
pretended in Russia because OF failure
OF crops, which will only help this coun-
try in the end. There is growing doubt
whether the movement of crops here
will not cause a temporary drain greater
than eastern money markets can meet;
but il the grain can be sold, the gold
will come. One large financial institu-
ton has bought English consols to a
considerable amount, and a leading
trust company is said to have 100000
OF its deposits in gold. Though no gold
has been exported, the outgo OF currency
to the west and south is felt here and
at Boston. Money is close at Buffalo
and Cleveland, in active demand at Chi
cago, Cincinnati and Detroit, firmer at
to per cent at st. Louis, in good sup
ply for legitimate business at Mil
waukee, close at Omaha, Nashville and
Atlanta, light at Jacksonville, but easier
at Savannah and in fair supply at New
Orleans.
Business at Boston has further i'm
proved. Hides are dull and domestic
lower at the west. Philadelphia notes
more frequent orders for wool and
woolens and improvement in the 5obac-
co trade, and, while money is freely
loaned on call time, loans are almost
impossible to make. At Hartford and
Buffalo trade is quiet, but the demand
for lumber improves; at Pittsburg bust
ness is unchanged and rather slow; at
Cleveland fairly good for the season, and
at Cincinnati somewhat more active;
Chicago reports receipts OF wheat seven
times last years; of rye, cured meats,
lard and wool double the last years;
OF dressed beef third larger, with some
increase in cheese and butter. Dry
goods sales are slightly larger, and good
orders are seen for clothing and Shoes
At Omaha trade is fair, and at Mil
waukee satisfactory, and increasing &C
tivity is noted at st. Paul. Throughout
the northwest the prospect of crops is
exceedingly good, but at Kansas City
wet weather interferes with harvesting.
The distribution of goods is on a
large scale at st. Louis, and at south
ern points business is dull, or only fair,
though curiously improved at one or two
localities because Of injury to cotton by
heavy rains.
The great industries show no i'm
portant charges for the week, though it
must be said that DISAGREEMENT in
the wooden goods trade seems to in
crease, and it is admitted that sales are
not equal to last years, though the trade
was dragging then. Much Of the trouble
IL attributed to excessive credits in the
clothing trade. In boots and shoes there
is continued improvement, and Boston
shipments since July ID have largely ex-
ceeded those Of the same week last
year. The coal trade is still de-
pressed by excessive production, the |
output exceeding last years to date
100000 tons, Copper is still depress
ed by the apathy of home consumption,
and there is very little trade in lead, |
while speculation has lifted and again |
depressed the price Of tin. Philadelphia |
describes the iron market as frightfully |
dull and sales to realize are made at |
prices considerably below quotations |
Structural mills are well supplied for |
the present and bar iron is steady. |
though the poverty of railroads makes
the demand slight, but plates are irrequ-
lar; buyers refrain from taking rails and
the lower grades of pig-iron are offered
here below quotations. The market for
bresdstuffs has been strengthened by
reports of injury TO the crop in Russia,
and wheat has risen l. 5c and corn &c.
while no change appears in cotton. The
price Of oil has fallen over cents for
the week, but pork pro ducts are shade
stronger.
The business failures occurring
throughout the country during the last
seven days number DAT, as compared
with total of 254 last week. For the
week OF last year the
figures were 189.