The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1891-06-12
TRADE AND FINANCE.

The Commercial and Financial Outlook
Throughout the Country as Shown by
II. G. Dun q Co.'S Weekly Review-Money
Easy at the Seaboard. but Tight in the
INTERIOR Trade Not Very Active. But
Everywhere Hopefui-Business Failures,
Etc.
New YORK. June e.-R. G. Dunn &
Co. s weekly review of trade says:
While the hesitation in business has nos
ceased and decided activity is hardly ex-
pected now until after the close of the fiscal
year. it continues to be a matter of sur
prise and congratulation that the
money markets and trade have been
so well sustained in spite of heavy
exports of gold. The exports this week
have already been about 81, 900, 010, and from
orders thus far, 1t is said that g, 100000 more
will go out to day. The exports, of prod
ucts are larger than a year ago, With not
much difference in imports but the excess
of imports was very large at this time last
year. The New York money market has
been easy, rates on call dropping from 5l3 to
3 per cent. with heavy receipts from the in
terror. Reports fra<ARother cities show
that money Is tighter at st. Louis, tight az
Nashville. frmer at New Orleans and Pitts
burgh, in hardly adequate supply at CIeve-
land, not Stringent but affected by dis
trust on account of city finances at PhladeI-
phia, firm at Boston, in good demand at
Chicago and Milwaukee. but with supply
for all legitimate needs, and easy at all other
points reporting. Trade is not very active,
but almost every hopeful. Failures at
Boston have made shoe manufacturers eau
tious, but there is q belief that the worst is
over, and that fall trade will be very active.
Hides are easy, dry goods quiet and wool
sales moderate. The exposure of official
and banking misconduct at Philadelphia
tend to make business inactive, and no life
is seen in iron. Wool is dull, though some
concessions are made by western holders.
At Hartford little Improvement is seen in
hardware and groceries, but none in dry
goods. At Pittsburgh rise in iron is pre-.
vented by the reopening of some Mahoning
and Shenango furnaces and preparations for
others: window glass is fairly active, but
flint dull At Cleveland iron is IN more
demand; trade is good in dry goods, hard
ware and groceries, and dull inshoes. Some
activity is noted at Cincinnati in clothing,
and at Detroit trade is up to last years in
volume. Throughout the west and south
the fine crop prospects give encourage
ment, almost the only complaint now COM
ing from New Orleans of drought in the ad-
joining region. In the northwest continu-
Gus rains have. made the prospect unsur-
passed Chicago reports larger receipts
than year ago of -four, wheat, cheese and
hides and three times as much wool; smaller
receipts of oats, rye, barley and lard and
but one third as much cured meats, with
IullsIreUe IN Ofy gOOuS ana DrlgnG prospects
generally. St Louis notes q fair volume of
trade; Milwaukee great Improvement from
rains, and St. Paul also; while at Mime
apolis the lumber trade is unsurpassed. At
Omaha and Denver trade is fair, and at Kan
sas City dull because Of too wet weather.
AT LouisFine the outlook is good, but at
Nashville . heavy dry goods failure
causes some depression, and there is
no improSementS at sAIemphs. New Or
leans report trade dull and cotton
in fair demand, sugar fair, molasses dull.
and rice quiet and lower. At Savannah trade
improves and at Jacksonville is quite
steady. In the great Industries there is
better demand for iron, as yet without
change in prices More ord ers for structural
iron come from the break in the building
strikes. and special caution appears in the
boot and shoe trades. Sales of some cotton
goods are recorded at the lowest prices ever
made. Wool moves slowly but yielding at
the west gives better prospect In bread
stuffs, the decline continues. Pork products
are lower, and coffee about three eighths
while tin, copper and lead are all stronger.
In general, the approach of harvest which
is expected to be most bountful has its nat
ural effect prices and trade is but little
embarrassed by speculative movements.
The business failures occurring. through
out the country during the last seven days
number, for the United States, 21l, and for
Canada 13. or a total of 224, as compared
with total of 254 last week, 247 the week
previous to the last, and POS for the
responding week of last year.