Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-06-15
DUN'S REVIEW
OF the Condition of Business for
the Past Week.
An Unusual Heavy Strain Upon
Upon Business,

| in May-MOney Easier Nutwithstand-
ing-The Outlook Gloomy for specnIa-
tors. but Decidedly Hopeful for Pro-
ducers and Legitimate Traders.
NEW YORK, June 15.-R. G.. Dun a.
Companys weekly review of trade
says:
Very rarely has such a strain been put
upon productive industries and business
| as by the enormous exports of gold in May.
1t is most significant fact that after
this severe test the state of trade is bet
ter for the season and more hopful than
it was in April when the great move
ment of gold had not begun.
Wheat.
Within thirty days the largest crop Of
wheat ever grown, it is probable, will be
moving to the market, The government
report and other information put down
the price three and one-half cents.
While the official report was not so
favorable regarding oats, the price
dropped two cents, though corn rose
nearly one and one. half cents.
Cotton
Cotton dropped an eighth TO tine lowest
point touched for nearly forty years.
Lard declined, and petroleum one and
One-half cents and coffee three-foarths of
cent, and on the whole the week was
not a good one for the people who bet on
higher prices.
Money.
Money was easier in spite os previous
exports; silver was lower and the rate
of foreign exchange declined so far that
bankers admit gold can now be sent
abroad only at loss to those who order
it. The treasury has added about 80, 400,-
600 to the circulation during the week,
and the receipts of currency from the
interior have been heavy.
In all parts of the country the money
markets show surprising strength, not
withstanding the loss of gold to Europe,
and while closeness is reported at
Detroit, Cleveland, Cincinnati, St.
Louis, Nashville and Savannah, re-
ports from nearly all cities indicate
that nobody is suffering except specula-
tors. In brief the situation is not good
for gamblers, but for producers and
legitimate traders decidedly hopeful.
Outside of New York.
Reports from other cities show that
trade, while moderate in volume, as is
to be expected at this season, is fairly
large, undisturbed and exceedingly con
fident as to the future.
At Boston boots and shoes are recov-
ering from the depression caused by fail
ures.
AT Philadelphia manufactured iron
is strengthened by orders from Chicago
Hides are quiet, with cheering pros
poets, though the shoe trade is but
fairly satisfactory.
Pittsburg reports no change in iron,
except that Bessemer steel is stronger.
Chicago reports increase of 300 per
cent. in movement of wool, and
some increase in flour, wheat cheese
and butter, but decrease in hides, In
lard a third, and in cured meat one
half, with the dry goods and shoe trade
larger than year ago, plenty of money
for legitimate business, and nothing for
spectators.
AT Milwaukee good crop reports stim-
ulate manufacturers and jobberR.
At st. Paul rains have made the crop
prospects excellent
st. Louis finds the decrease in general
trade about equal to the increase last
year, though it is up to the average for
this season, and while small fruits have
suffered some, the yield of grain prom
ises to be phenomenal.
AT Kansas City trade is fairly salts
factory.
At Denver, and at Louisville crop
prospects stimulates confidence.
AT Cleveland dry goods, groceries and
hardware are moving firmly, and man
ufactured iron is in fair demand, but
coal and ore are inactive.
At Cincinnati trade in groceries is
smaller, but profits better that last year,
At Detroit wool is moving at a de-
cline of four to six cents, to meet the
needs Of manufacturers, with other
trade unchanged
Memphis notes that recent rains have
much improved the prospects, and ut
other southern points trade is seasonably
dull.
These and other accounts for which
there Is not space show that the capable
businss men in all parts of the country
look upon the moderate shrinkage In
present trade as natural result of last
years short crops, and count with great
confidence upon large business with the
full yield promised this year.
Iron.
The iron industry for months exceed
ing Others in decrease of production, re-
ports weekly output of LAG, ,782 tons
against 115, $50 last month, with decreas-
ing stocks unsold, which is evidence
that heavy demand hereafter is expect
ed. In bar, plate and structural iron
the demand is already larger.
Wool.
Wool sales are also larger here, at
Boston and Philadelphia, with the
moderate concessions by holders, and
the manufacturers show greater conf
dence by their buying.
Failures.
The business failures occurring
throughout the country during the last
seven days number 244 as compared
with total of PAT last week For the
corresponding week of last year the fig
ures were 212.