Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-05-18
DUN & CO.'S WEEKLY REvIw.
Most Favorable symptom that Contin.
ned ExDort of Gold Causes No Panic,

ued Export of Gold Causes No Panic.
New YORK, May 18.-R. G.. Dun &
Colnpany's weekly review of trade says,
The outlook is more favorable in every
thing excepting the large exports of
gold ana the advance in the Bank of En-
land rates to per cent, obviously for
the purpose of drawing more gold from
this country.
The receipts for customs duties in New
York are largely in silver certificates and
new treasury notes no less than "a 1-2
per cent. for the first ten days of May;
but it is @oper to remember that the
new treasury notes, being redeemable
Sin gold or silver coin with provision
of the law empowering the secretary to
maintain the parity of gold and silver
paper and coin, are in practice redeema-
BILE in gold in value equal to greenbacks.
1t is a most favorable symptom that the
continued exports of gold cause no panic
in the market.
1t is significant fact that the ex-
ports in April were about double last
years in value as to cotton, and showed
am increase in oil and provisions, but a
decrease in cattle and in breadstuiTs,
1 " Ill DIGdilODlllL6 lllC utCItuN6 w tbS
wholly in corn and the surplus of wheat
available for export was, May /, about
80, goo, 600 bushels. The exports of wheat
from Atlantic ports have been much
smaller than a year ago, until last
month, when an increase of 10 per cent.
appears. In corn the decrease is heavy
Of course.
The speculative markets havelacted pc
1,
vancing four cents per bushel on re-
ports, not substantiated of injury to the
crop in the northwest, while corn has de-
clined three cents on oats and two and
one-half cents ON moderate sales Pork,
lard and hogs are also lower, and a heavy
decline appears in butter Cotton, coffee
and oil are unchanged and this is the
more remarkable as to cotton because
much the largest crop ever produced is
going to market more rapidly than ever
before at this season. The foreign manu-
factureIs appear to be laying in a large
stock because the prices are close to the
lowest known for forty years, while the
consumption abroad is enormous ard
there are some signs that the production
Of goods exceeds the demand,
Reports from other cities show mod
crate distribution, with easy money.
Lumber is more active, and is ex-
pected to rise unless strikes prevent,
At Philadelphia combing wool is in
fair demand and knit goods full of
orders, but the dry goods trade is lini-
ted, and chemicals unchanged. Wool
is irregular and dry goods dull at Hart
ford, but hardware fair. Bessemer iron
is little more active at steady prices at
IDiA4.1,,,,,y, ,r1n F,s4,I,y "a
Trade is only fair at Cleveland and
Detroit, helped by activity in building
at Cincinnati, good at Omaha and
healthy at Kansas City, but at Mil
wauzee and st. Paul the need of rain is
felt. Chicago reports a third increase in
receipts of corn and chefs compared
with last year, and 90 per ee.ts increase
in sales Of dry goods, With very fair
trade in shoes, but decrease in meats.
At the south trade is seasonably dull,
Orleans and sugar inactive
The iron furnaces in blast May were
of about 1000 tons greater weekly capac-
ity than April 1, being 115, 800 tonsto 1871, :
4S3 a month ago, and tS0. .000 a year ago,
But the trade is less depressed The
long delay in the settlement of the coke
strike tends to strengthen prices.
In general industries are fairly active,
except where interrupted by strikes in
the building trades as at New York.
The final prospect just now turns
largely upon the export of gold. Mer-
chandise exports are, for the time, COM
paratiyely small $12, 100000 in two
weeks from New York, against $15, &c.,
0O0 last year, while imports continue re-
markably large.
The business failures occurring
throughout the country during the last
seven days number 237 as compared
with total of 2l2 last week For the
corresponding week of 1890 the figures
were 2t2