Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-01-05
DUN'S REVIEW
or the Condition of Business for
the Past Week.
The New Year Opens With
Much Uncertainty.

Tho Records for tho Year Just Closed
Business, in Many Lines Surprising All
Precedent - No Improvement in the
Iron Industry-Failures.
NEW YORK, Jan. Or. G. Dun &
Companys weekly review of trade says:
The new year opens with so much of
uncertainty that there is natural dis
position to dwell upon the crowding
records of the year just closed, which
show an extraordinary volume of bust
ness, and in many lines surprising all
precedent. Iron, cotton, leather, boot
and shoe, and meat products We're larg-
er than in any previous year Thus
2,2l9,3l2, cattle were slaughtered at
Chicago against ,768, $40 in 1899, gain
of 25 per mt and 5,733,0S2 hogs against
4,2ll,767 in 1899, gain Of 36 per cent.
AT Boston, 3,j35,2l1 cases of boots and
shoes were shipped, against 3, 399,9S0 a
gain of per cent,
The clearing house exchanges show
that the volume of all business in 1890
exceeded that of any previous year by
at least 10 per cent, though in part this
increase was due to the higher range of
prices during the greater part of the
year The advance in prices of all
commodities compared with year ago
is &C per cent, and the average has
been about 5,5 per cent. higher for
eight aonths. The reports from other
cities are almost uniformly confident in
tone, and indicate good volume and
fair condition of trade for the season.
st. Louis has weather more favorable
4 l.,
cent; Kansas City notes a strong de-
mand Tor money, and receipts of 14,0)0
cattle and $4,000 hogs, and st. Joseph
reports large increase in the years
ira le. At Milwaukee and st, Paul un-
seasonable weather has affected trade
for the week
Az Chicago, though money is close,
confidence rapidly revives, collections
are easy At Cleveland jobbers are sur
prisad at the fulness Of collections, but
twenty-five furnaces in the Mahoning
region are about to close. AT Cincin-
natl holiday trade was satisfactory, and
money is less close. Pittsburg reports
decline of twenty-five cents in pig
iron, The ca tern reports show easier
money markets and more hopeful
feeling. At Philadelphia the grocery
season has been satisfactory with good
collections, AT Boston conditions are
deemed favorable; wool is fairly active,
with unsolo stocks in the country re-
ported at 2l,O00,000 pounds against 30
900, 600 pounds a year ago.
The iron industry does not improve,
as the closing of many furnaces indi-
Gates Southern iron has been sold here
at $l6,50 for No. /, and northern at
$l6. -, and Philadelphia quotations for
the best grades are $3.50, against $50 a
year ago. Copper and tin open the new
year lower, lake being sold at 14.75
cents and tin at 1850, but lead is sitter
at 10 cents There is better tone in
the anthracite coal market, owing to
favoring weather
The cotton market has advanced /.
with sales of 900 bales, although
both receipts and exports for the week
exceed those of year ago. Other specu-
lative markets have been comparatively
dull, but wheat has advanced 4 cent
and oats cents, with corn / cent
lower, coffee 1 lower, oil J cent higher.
and lard 20 cents per 100 pounds higher.
Exports at this point continue to exceed
tho,e Of year ago, swelling the excess
Of exports over imports, and the rate of
foreign eX hange has again fallen to
$4.S3, indicating that gold imports may
not be distant.
The business failures occurring
throughout the country during the past
seven days number, for the United
States, 31l, and for Canada 81,
or total of 34S, as compared with
total of 333 last week, and 404 Vle week
previous to the last. For the corre-
spending week Of last year the figures
were 322, representing 201 failures in
the United States, and 81 in the
Dominion of Canada.