Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-09-03
DUN's WEEKLY REVIEW
Speculation Has Rather Broken the
Good Markets.


R. G. Dun Il Co. s weekly review of
trade says: Speculation in breadstuffs
has broken down. The failure to ex-
port at more than 81. 10 for wheat has
administered corrective which this
trade greatly needed. The threatened
withdrawal of the crop by the Farmers
alliance amounts to so little that receipts
were II, 400, 900 bushels for the last
week reported against 4, 800, 600 for the
corresponding week last year, while the
receipts of other grains slightly de-
creased.
The price of corn declined five cents
for the week, though oats rose one cent
per bushel. Crop prospects are in all
respects exceedingly bright and reports
of injury by frost do not appear to affect
any considerable proportion Of the crop
There is every reason to suppose that the
yield of wheat will be 544, 600, 900 bush
els estimated by the agricultural depart
ment, though yield no greater would
leave 200, 900, 600 bushels for export.
Hog products are somewhat Stronger,
in sympathy with corn, but oil is lower
and so is coffee. Cotton has advanced
3-16c, on account of the reports of in
jury to crops in some parts of the South.
The markets for iron shows some
what larger scale and better demand,
though new brands of Virginia iron are
still offered at a low price. Little i'm
provement is seen in bar iron; plates are
more active, though prices are very low.
Structural iron is in fair demand, but
not stronger in prices. The demand for
rails is stagnant, combination having
succeeded in so far maintaining the price
that buyers are disposed to wait as long
as possible.
Trade is better at Boston, with special
improvement, in boots and shoes. A
slight improvement is seen in leather at
Philadelphia, though buyers are cautious;
but lumber is quiet the building trade
being stagnant and orders for wooden
goods are backward. Trade at Cleveland
shows some gain over last year, and at
Cincinnati, fair, with Improvement in
groceries; while at Chicago receipts of
wheat are increased four fold, and of
wool, twofold, compared with last year
and the increase is seen in flour, cheese
and in sales of dry goods, clothing and
shoes, but decrease of one-half in
cured meats, a third in lard and some
decrease in butter, hides and oats.
A heavy increase is seen in trade in St,
Louis Country merchants buying liber.
ally, and trade is improved at Kansas
City and at Minneapolis and st. Paul
Harvest prospects being Of the brightest
At Nashville the grocery trade is bette,
but the other business only fair. and
very little improvement is seen at Mem
phis, while trade in cotton is slightly nj
New Orleans, and at Galveston prospects
are favorable.
AT Savannah rain for three weeks has
affected crops and at Jacksonville bust
ness is dull, as much depends upon the
balance of foreign trade, it is highly
Important that imports for July exceed
exports by $500, 1000 instead of 500
600 last year, and for August for H.
crease in exports at New York of 1910
per cent, while in imports there is de.
crease OF 1S per cent; the prices Of all
commodities have declined /. 3 per cent
for tee past week, yielding Il little every
day, aud there is every reason to exnect
that exports of products will now No
free and large unless speculation inter.
feres and an enormous increase in o.
ports may reasonably be anticipated with
a large movement of gold this way nm
less foreign holders Of securities prefer
to realize.
The stock market at New York has |
been comparatively free from speculative
excitement and fairly strong with soma
foreign buying and not much realizino
thus far, by foreign holders.
Business failures occurring tbrouobont