The comet. (Johnson City, Tenn.) 1884-1916, 1891-11-26
DUA'S Review SAYS
The United States are the
Strongest Nation
On Earth, and Old World Matters
Need not Alarm.
Conditions Of Markets in Many Com.
mercial Centers.

New YORK, November 21.-The bus
mess failures occurring throughout the
country for the last seven days, as re-
ported to r. G. Dun & Co., number for
the United States 252, and for Canada
80, or total OF 2S5, compared with 291
last week and 26G the week previous.
For the corresponding week last year
the figures were PA.
Much has happened OF late to de
press business and shake confidence,
and yet confidence is not shaken, and
the volume OF business is still close to
the greatest ever attained The bank
failure at Boston caused scarcely ii
ripple of excitement. The failure of
speculative banks at Berlin has been
industriously used to depress stocks
during the past week, but the average
price OF shares is higher than a week
ago
This country begins to realize that
with only supplies of grain to keep the
millions in Europe rom starvation
besides meats, cotton and oil, which
other countries must have. United
States is il stronger position than
any other nation, and need not quack
at every European alarm, Prices are
settling downward with the enormous
production, but the fact that such pro-
duction continues shows that the low
prices are not serious.
The alarm about the money market
has passed and no disturbance is APP
pretended this year. Industries are
on the whole well employed and its
especially noteworthy this week that
there is better tone in branches of
trade which have been most embar-
raised.
At Pittsburg, the iron market is weak,
the glass works are in operation, and
coal miners have resumed work. AT
Savannah and Charleston, the trade
is somewhat depressed, apparently by
the very low price OF cotton, and
money is rather tight At Jackson
vile business is very brisk but at
Richmond the dry weather prevents
marketing OF tobacco. Manufacturers
are active. The most stubborn iron
known give surprise to many for in
spite OF the unprecedent production
prospects of the same accumulation Of
stock does not disturb the strong
makers, who reckon that it may be
well for the country to lay in and hold
much larger stock than heretofore, so
that the sudden and violent fuctua-
tons may not be readily produced.
Large sales of rails in the west are
reported, 175,000 tons in two weeks, but
the markets for other finished products
are not materially altered The re-
ceipts for wheat at the western centres
continues at the rate of more than a
million bushels daily and exports are
also large, but the price has declined
ga on sales of 100000 bushels
Speculation in corn is yielding, the
price being cents lower for spot
while pork product are substantially
unchanged and oats half cent higher
Oil has declined a cent, but sugar is {
shade stronger and coffee has risen z
on account of uncertainty.
Cotton receipts exceed last years
week by week, Notwithstanding the re
ported shortness Of the crop, and while
exports for the crop year thus far ar
but slightly less than a year ago
stocks at the principal ports are 1900,
900 bales, against 100000 last year a
same date. There was a decline t.
SOC
The money markets Of the countr,
are supplied for legitimate needs, bu
some points report speculative none,
tight" Here rates on call have de-
clined from 4 to 80 per cent and tn
treasury has paid out during the weel
100000 more than it has taken in
while considerable gold is still on tn
way from Europe.
The exports of merchandise from
New York in the three weeks of Nc
vember has been $25, PSI, 719 in valu
against $1S,553,273 last year, an in
crease of SO per cent, while the i'm
potts for November thus far, are abou
is per cent smaller than two year
ago, which points to an enormous ba
ance to be settled 10y other countrie
in specie. One danger is that grea
quantity OF wheat is now carrie
abroad, as well as in this country o
margins and loans and there is POI
sibilty that sharp decline migf
cause some trouble
Secretary 1illman, Of the Farmer
Alliance smoke against the third mart