Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-02-02
UNPRECEDENTED.
The Great Volume of Business
Which Still Continues.
Trade Decidedly Satisfactory
in Character.

Money Comparatively Easy at All
ern Cities-Cotton Lower-Increasing
Demand for Wool-Failures
NEW York, Feb. 2.-R. G. Dun e
Company's weekly review of trade says;
Business continues unprecedented in
volume and satisfactory in character.
Measured by clearing house relations,
trade exceeds that of year ago by
about % per cent. in a amount, and that
means a volume of business larger than
in any other year at this season. The
tone in commercial circles throughout
the country is hopeful, and the money
markets are now comparatively easy at
all points.
The dry goods trade is on the whole
very satisfactory for the season, and
while buying is conservative, both in
cottons and woolens, and prices are low
enough to embarrass some branches of
production, the trade is clearly on a
more healthy basis as well as larger in
volume than it was a year ago. The in
creasing demand for wool, though still
confined to actual needs for consump-
ton, proves that the current prices, low
as they are. do not arrest production.
Trade in boots and shoes and leather
is somewhat retarded by monetary I'M
certainties, Sales in the northwest,
Judging from Chicago reports, appear
to exceed last years, but it is doubtful
whether eastern sales are larger and
from Philadelphia and Baltimore come
some indications that southern sales
may not he as large In the manufac-
ture and sale of machinery, implements
and tools, business seems to be larger
than ever, and while copper, tin and
lead are all shade lower for the week,
the consumption of each is very heavy.
The embarrassment in iron and steel
manufacture and trade is now clearly
perceived to be the result of q marked
shrinkage in demands for consumption.
Bar iron is very dull, the demand for
plates is very much smaller than was ex-
pected, and for sheets irregular and un-
satisfying, while structural iron is dull
and lower. There is very little doing in
rails, at prices now nominally asked.
The unsOld stocks of pig iron are now
said te be 400 600 tons more than year
ago.
Accounts from southern cities indicate
only fair trade, with increasing re-
Ceipts and lower prices for cotton at
New Orleans. At St Louis business is
apparently strong, and building prom
ises to begin earlier than usual; at Kan
sas City and Denver trade is fair, at
Omaha dull, but at St Paul excellent,
snow having helped, and the -four trade
at Minneapolis is aided by the
rise in wheat. The lumber trade
there is good, though logging in the
northwest is embarrassed by lack of
snow at many points. AT Cincinnati
manufacturers are active, especially in
machinery; at Detroit iron is firm, but
at Cleveland in good demand, and at
Pittsburg there is no especial change,
though the glass trade is rather dull.
Chicago notes larger trade than a year
agoin nearly everything excepting dress
ed beef, the gains in hides and wool
being especially heavy, and in dry goods
and clothing sales are increased with
better collections. Boot and shoe manu-
facturers do not report as many orders
as they wish, but wool is active, with
sales of 3,696,000 pounds for the week.
Philadelphia reports a good demand for
combing wool, encouragement in the
dry goods and shoe trades and improve
ment in paper because of government
award to Pennsylvania makers.
The startling death of Secretary Win
dom caused a sudden fall in the price of
bar silver from Az to 468d in London it
is stated in the dispatches. But no
change whatever in the financial policy
of the government is likely to result,
though it may easily happen that sue
cessor however able may not possess
the fertility of resources which Mr..
Window has shown in meeting emergen-
cies.
Business failures occurring through
out the country during the last seven
days number: For the United States,
27S: Canada, 42 total, 800, as compared
with total of $50 last week, and Al
the week previons to the last For the
corresponding week of last year the fig
ures were 291. representing 246 in the
United States and 4j in Canada.