The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1891-05-29
THE ooUNfRYs COMMERCE.

The Financial and Comri1er6iai Ohtl5oh
Throughout the EbHhtfy as shown BY
X. o. Duh 4 Co.'S Weekly Review-The
Continued Outward Flow Of Gold Exert
Ing Somewhat Depressing Influence
Markets show R GeaeraI Declining Ten
dency, and Crop Prospects Satisfactory
Business Failures, Etc.
New YORK, May 2A-R. q. Dunn q
Co.'s weekly review Of trade says:
The continued outgo or gold, in spite 6f
rose colored assurances by emiheht foreign
bankers, has depressing influence. Stocks
have been weak, though with a sharp rally
Yesterday (Fridayl afternoon, and the pro-
duce markets are much depressed, and tho
fall in the prices of all commodities has
been about 26 per cent. in two weeks,
The local money market IL fairly sappiIed
at moderate rates, as other eastern and
Festefn markets are, almost without ex-
ception, but at few southern points
money Is close or tight, and much
caution in extending credits prevails.
The iron business Is rather weak
ened at Pittsburgh by the prospect OF
Increased supplies and is very dun at Cleve=
land, but somewhat more demand Is seen at
New York and Philadelphia for various
forms of manufactured iron. Steel rails do
not share the Improvement, and arc fiat,
but there is more demand for plates, and
bar, which has been sold at 81 .65, now com.
threatened by production far beyond agree.
ment, and prices do not seem to warrant the
advance proposed for june J. The wooden
Industry is waiting, without any improve
ment I'm goods to justify the demand for
higher prices on new wool, At Boston the
goods trade Is not satisfactory, but sales of
wool reached 2, ,299, 500 pounds in the several
sales of new California. territory and other
domestic kinds being reported, and the mar
ket Is rather easy. Trade at Boston has
been quiet. Hides are dull, with some con-
cesslons, and the boot and shoe trade is
generally dull. Hartford notes fair trade.
At Philadelphia collections are more salts
factory in drugs and chemicals, but very bad
In groceries,, extremely poor in paints and
unsatisfactory in fewelry. Dry goods trade
is small, but heavy fall trade Is expected.
Pittsburgh notes that railroad orders are
held back waiting for crop results, and
while window glass does fairly well, flint
glass has slack business. At Cleveland dry
goods, groceries, hardware and shoes Inn
prove fairly; but machinery, lumber, iron
ore and clothing Is duh. At Cincinnati the
tobacco trade is brisk. Detroit notes good
prospects, though margins are close. At
Chicago dry goods sales exceed
last years considerably, as do sales
of clothing, and there are fair coun-
try orders for shoes; wool receipts
gain over last year IS per cent. corn 3S
per cent, and dressed beef, cheese, butter and
hides gain, but in cured meats there is a de-
cline of per cent, and in lard, flour and
barley of per cent Crop reports atChi-
cago are very satisfactory. and the same is
true at st. Paul, Omaha and many other
points where recent rains have made won-
derful Improvement.
The business failures occurring through
ont the country during the past seven days
number. for the United States, 2l4, and for
Canada 40, or a total of 254; as compared with
total OF 237 last week, and 222 for tho
corresponding week of last year.