Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-09-10

weekly review of trade: Business inn
proves in all sections. At the South,
partly because of the injury of the cotton
crop and the consequent advance in price.
At the West some injury to corn by frosts
late in the week is reported, the extent
OF which is not yet known, and if it is q
serious loss, may affect trade to some
extent, but at the latest accounts business
was active and almost everywhere i'm
proving.
THE WHEAT CROP.
The wheat crop is out of danger and is
enormous, undoubtedly the largest ever
grown, and moving with Unusual rapid
ity. The corn crop has been saved and
is very large in most of the surplus pro-
ducing States, and even within the range
of the recent frosts appears to have been
in part beyond injury. Cotton has been
damaged seriously in some States-an
Alabama correspondent thinks so per
cent, aud New Orleans dispatches rep
resent Is to 20 per cent. in Louisiana and
Mississippi. Some allowance may be
made for the usual disposition to exag-
gerate the effects of any misfortune, but
the loss of some parts Of the entire crop
would not reduce the years supply below
the worlds requirements, while, by caus
ing higher prices, it might benefit pro-
ducers and business in the cotton grow
ing States. The fact is, that there is
danger of serious overproduction in cot
ton, ia spite of the rapid increase in the
worlds consumption.
THE MONETARY SITUATION
is also decidedly clearer and more favor
able. The imports of 81, 500, 900 in gold
have been ordered through the induce
ments offered by one of the banks, pos
sibly with shrewd regard for the inter
ests of custome in the stock market.
Foreign news appears less urgent, and
danger of successful resistance to Amer
lean demands for gold is diminished
The removal of the German prohibition
of American pork imports promises
largely increased demand for important
products, and considerable addition to
merchandise exports for the year.
Experts from New York in five weeks
exceeded last years nearly 81 per cent,
and while imports also increased largely,
the balance of trade tuns decide ly in
favor of the United States. The injury
to cotton may also hasten the exports of
the product, which foreign operators,
knowing of the large stocks in Europe,
might not have bought so early had the
American crop been full. Finally, the
Treasury is nov discussing many millions
for per cent bonds not extended, and
the announcement by the Secretary that
it is now able to pay $25, 900, 900 cash
for these bonds, if desired, gives assur-
ance to liberal supplies of money.
REPORTS FROM THE CITIES.
Reports from other cities express in.
creased confidence, and show some actual
gain in the volume of trade It all
Southern points higher cotton stimulates
trade, and collections are somewhat
better, and at New Orleans there is a
fair demand for sugar. At most South
ern points money is also easier, and at
New Orleans in ample supply for legiti-
mate needs. At the West no complaints
of stringency are noted, though money is
firmer at Chicago.
Operators in the speculative markets
have been more active, and cotton has
advanced notably, more than half a cent
| during the week, on sales of $50, 900
bales at New York, and the market is
likely to be uncertain for some time to
come.
In stocks there has been remarkable
advance, broken on Thursday by some
reaction on the report of frosts.
The great industries are DONG well,
| though strikes of Importance are threat
ened in the cotton mills at Fall River
and ~fndow-glass works at the West.
A distinct improvement is seen in the
demand for iron and its products, though
prices are unchanged, and also in coal,
while minor metals are firm.
TNE DRY GOODS TRADE,
Sales of wool at Boston reached 4, 317,-
600 pounds, buyers for worsted aud dress
goods manufacturers being especially
active. Trade in dry goods is fairly
large, particularly in all wool cassimeres
and dress goods. Cotton commission
merchants report trade fairly up to last
years, and some record considerable
increase.
Failures occurring throughout the
country durisg the past week number for
the United States 1877; Canada, twenty.
Total 217, against 226 last week.