Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-07-13
DUN'S REVIEW
OF the Condition of Business
for the Past Week.
General Prevalence of Unusual
Conservatism.

Indications of Healthy and Solid Inn
prOvement When the New and Larg,
Crops Come Forward More Freely
Good Influence of the Absence Of Specu
latiVe ExciteNent-FuIInres
New YORK, July 13.-R. G.. Dun &
Company's weekly review of trade
says:
The unusual conservatism which pre-
walls in nearly all sections and branches
of business impresses many as most
disheartening symptom. But 1t may,
with at least equal reason, be interpreted
as the very best ground for confidence
in healthy and solid improvement
when new and large crops come forward
more freely. The absence of speculat-
i've excitement, the indisposition to buy
in haste, are having a most wholesome
influence.
Price of materials and products are
thus kept in such relation that large
and fairly profitable business is possible,
but will be based when it comes upon
the actual demands of consumers and
not upon inflated hopes. This con-
servative attitude is the more nee
essary this year because, while
money is now abundant here and
cheap on call, the possibility OF
disturbance abroad, or of difficulty in
obtaining needed supplies for moving
crops at the west is not yet entirely re-
moved
Crop reports have never been
more full than they are this year,
and they grow more clearly satisfactory
as to spring wheat every day, improving
also as to other grain and cotton.
Wheat has declined two cents during the
past week, notwithstanding exports fully
as large as year ago, but immediate
demand for corn has caused a raise of
one and one-fourth cents and oats are
quoted higher. Sales were but moder-
ate.
Pork products are shade lower,
coffee unchanged, and oil about cent
lower, with very little activity in deal
ings. The market for sugar has been
weaker, but grows steady, and refined is
in better demand. The general course of
prices has changed but little during the
past week Tin has declined a shade
through speculation at London, and
lake copper sells at twelve and seven
eighths cents, the half years production
by six companies being 28,04S tons,
against 26, $50 tons last year. Lead is
weaker at 445 with some realizing.
Reports from other cities show wait
ing trade at the east, greater confidence
throughout the west and general dull
ness at the south. Boston reports lit
tie more activity. Manufactured iron
at Pittsburg is in better demand and
the coal output in June was the largest
ever known. Trade is fairly good for
the season at Cleveland, also at Cincin-
natl, where new buildings for the first
half of the year exceeded by $500, 900
the record of last year.
Wool is moving better at Detroit and
iron is in fair demand. At Chicago
wheat receipts are three times last
years, and there is increase in -four
and corn, and trade in dry goods,
clothing and shoes exceeds last years
with good collections. Receipts of other
grain, cured meats, dressed beef and lard
fall behind last year. and crop reports
are very favorable, all indications point
ing to large trade in the future. At st.
Louis the trade in wool, grain produce
and live stock is good, but lumber and
the building trades are dull; the out
look for all trade is very encouraging.
Milwaukee reports some sensation
caused by failure of the largest grain
commission house. At Minneapolis
trade is good for the season, the flour out
put being 140, 600 barrels. At st. Paul,
Omaha and Kansas City crop prospects
improve trade, and at Denver business
is fair. Some increase is noted at
Louisville, but at other southern points
dullness prevails, and at New Orleans,
though slight improvement is seen, the
tactics of traders are extremely con-
servative.
The midsummer closing of iron works
almost suspends the trade, but while the
best brands of pig are well taken, others
are hard to sell, and Alabama No. has
been offered here at $l6 No activity is
noted in rails, and not much in manu-
factured iron, and it is thought that |
early resumption by the works will cause |
decline in prices. The anthracite coal |
trade is dull, the average price for June at |
Schuylkill mines being $922 per ton |
against 1924 last year. Wool moves |
slowly at New York, buyers taking only |
for actual needs. In woolen goods some |
in orders is observed, and |
q greater feeling of security for the fu
ture. The trade in hannels is strong and |
healthy, ard in knit goods very satisfac
tory. Agricultural implements are in
demand, and the makers |
are buying iron largely.
India rubber has rapidly declined, |
consumers refusing to buy from the |
syndicate, which is carrying an inn
mense stock, and it is thought the new
supplies coming in October will prove
too heavy for it. The building trade is,
On the whole, less active than year
ago, though at Chicago an increase of
I per cent. is noted. At Chicago and
other northern points generally the
supply of money is ample, though at
the west there is more demand than
heretofore. AT southern points the mar
kets are close as a rule, though only firm
and in fair supply at New Orleans.
The business failures occurring throug- |
)ut the country during the last seven
LAYS number PAT, as compared with
,otal of 237 last week. For the cor
week of last year the figures
we're 1877.
Chinese who Sneak In Cannot Stay Here.
WASHINGTON, July 13.-Assistant Sec
'etary Spaulding has instructed the col
ector of customs at Port Huron. Mich,
n the case of Cinnamon arrested there
or illegal entry to send him to San Fran
,isco for deportation to China. The de-