Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-11-19
DUN'S WEEKLY REVIEW.
Thinks the Outlook Better Than
Last Week.
Iron Industries are Well at work.
Labor Well Employed--Generai
Average of Prices Lower.

Business failures occurring throug- {
out the country during the last seven l
DAYS, as reported to Il. G.. Dun " Coz
numbers for the United States, 223,
and Canada, AS: or 267, compared
with 255 last week and 249 the week
previous. For the corresponding week
last year the figures were 2l5.
The failure of widely known bank
at Boston was the striking event OF
the week, but has caused astonishment
rather than q disturbance. The With
drawal of money from this point TO
fortify Boston has caused higher rates,
6 per cent against three weeks ago,
but supplies continues to come steadily
| from Europe. The Bank of England
does not change its rates, though los
ing gold largely and the official treas
ury report shows an addition OF $780,
O00, 900 to the actual condition in DC
tober.
Crops are moving freely; SO that ii
seem scarcely possible that any inn
portant monetary disturbance should
arise at present. 1t is also reassur-
ing fact to eastern capitalists and in
vestors that the western elections have
resulted in the complete defeat OF
those who advocated wild financial
schemes, SO that their power in the
next congress is likely to be much
diminished.
Reports from all parts of the coun.
try show that business, though inter-
rupted some what by the elections,
has been healthy and large in volume.
At Boston, the failure of the Maverick
bank caused some uneasiness, but busl-
ness continues steady and healthy.
No lack of confidence is seen, ano
money is easy. The only cities report.
ing monetary pressure are Omaha ane
: Savannah.
cs6rpr,ssou industryi in spite Of the low.
, ducts shows no dependency, and the
demand for manufactured iron and
, steel does not diminish. Trade in dry
goods looks little better; sprino
! Woolens are in rather more demand.
The dress goods season is fairly salts
FACTORY and agents have begun to
snow over-coatings with fair results.
Inc recent decision as to worsteds
opens the way to lar. ely increased i'm
ports. The trade in cotton is not.
ust now, equal to last years, but for
the whole season thus far, it has been
considerably larger.
Speculations has lifted wheat "a
cents, though western receipts con-
tlnue enormous. Exports for the week
thus far are about equal to those of
recent weeks. Corn has declined 10
cent, with somewhat increased 1e
ceipts at the west; cotton an eighth.
with very heavy receipts at Southern
ports. Oil, pork products and hogs
are somewhat lower, but coffee 1-2c
higher. The general average of prices
Is shade lower for the week and the
markets are less embarrassed than
usual by cliques maintaining artificial
prices.
In the main, labor is employed.
with few controversies abou. wages.
stocks have been weak on account Of
laliufe at Boston, and some selling for
Foreigners, but show little better
tone at the close. The treasury con.
tinues to add new notes to circulation
IN exchange for silver purchased, but
the price of silver bu on has dronped
to AZ lid per ounce.
throughout the country collections
seem to be fair for the season and on
The whole gradually improving.