Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-06-22
FIFTEEN CENTS A WEEK.
REVIEW OF TRADE.
Condition of Dusiness as Reported by
Dun d Company.

NEW YORK, June 23.-R, G. Dun &
Company's weekly review of trade says:
While crop reports continue remark
ably favorable, the volume of business
at present transacted is not as large as
1t has been in other years at this time
This is in part because exceptionally hot
weather at many points has induced
something like midsummer dullness, but
the more important cause undoubtedly
Is that trade in many branches has been
waiting for certainty of improvement
and definite orders before undertaking
new risks. There is also some hesitation
owing to recent failures, particularly in
Philadelphia.
Credits have been more cautiously
given in the woolen and the boot and
shoe trades, and this has lessened the
volume of transactions Hence it is en-
couraging to find that there is actual i'm
provenent in the demand for consump-
ton in several of the more important
trades and that manufacturers already
begin to feel the effects
AT Boston more disposition to buy is
noticed in the leather trade, and steady
orders for boots and shoes, though
small, give encouragement
AT Philadelphia the wool trade is wait
ing, holders asking more than buyers
wish to give, but the leather trade is
healthy, with better prospects.
In building much depression results
from recent failures.
Pittsburg notes better demand for
manufactured iron, and Cleveland moro
demand for pig.
AT Cincinnati trade is picking up, and
of inc cad in It,1
moving at two or three cents lower
prices than year ago.
Chicago notes wool receipts double
last years, with an increase of one-half
in wheat and dressed beef, and moder-
ate increase in hides, but decrease in
-four, corn and lard.
Sales of dry goods and shoes continue
to exceed last years.
st. Louis notes some change by fre-
quent rains, and while lumber, build
ing, hardware, paint and oil trades are
especially active, the general aggregate
is rather less than year ago, though of
fair volume.
1t is important that all northwestern
and southwestern reports mention rains,
and brighter crop prospects.
Crop prospects strengthen confidence at
Kansas City, and business is improved
at Louisville, decidedly at Montgomery
and slightly at New Orleans. Trade is
small at Memphis quiet at Little Rock,
dull at Nashville, better than usual for
the season at Atlanta and much better
than last year at Jacksonville.
Reports from all quarters indicate
little complaint as to collections. Re-
garding money, they show almost
every where an ample supply for legiti-
mate and safe business but it is fre-
quently mentioned that there is no sup
ply for speculation, and at St. Louis the
market is sitter at to per cent. at
Kansas City, firm at to 10; Detroit,
strong at 7; rather stringent at
Cleveland; tight at Little Rock and At
lanta; close ut Nashville, and in good de-
mand at firm Htes at New Orleans
From all other 2oints reports indicate
comparative ease.
1t is another hopeful Indication that |
the demand for manufactured iron and
steel improves. For structural iron
there is rush of orders. though bar
iron is only fairly active. but plates
are in good demand. The stagna-
tion produced in rails by the COM
bination to hold up prices is shown by |
the official report that sales to June / |
this year were but 725, 376 tons, against |
1856, 900 to same date last year, and de-
liveries but 337 900 tons, against 500, 900
last year.
The wool market at New York shows
improvement, and large demand by
manufacturerers.
In woolen goods therei isa large volume
of business, and the orders show that |
distinct gain in the consuming demand |
is felt.
The orders for foreign goods are said |
to be so per cent. less than a year ago, |
but the domestic trade gains.
In hides large receipts at the west |
have broken the combination to lift |
prices, and buffs, after rising from five |
and three-fourths to seven cents in
March, sell at i've and three-fourth cents
again.
Coal is very dull; copper and lead
unchanged, and tin shade lower.
Speculation in breadstuffs has been |
more active and wheat is about one cent |
higher in spite of the prospect that the
yield will be the largest ever known.
Corn is weak and lower, and oats four
and one half cents lower.
Cotton has fallen three-sixteenth cents |
and the price is the lowest since 1854,
receipts continuing heavy.
Coffee is one-fourth cent lower, and
oil one and one-fouth cents lower, but
pork products q shade stronger.
Business failures occurring through
out country during the past seven days |
number 253, as compared with total of |
244 last week. Fer the corresponding
week of last year the figures were 1899.