The comet. (Johnson City, Tenn.) 1884-1916, 1891-01-15
VOL. VII.
The SOUTH REJOICES.
HER WONDERFUL MANUFACTURE
INC GROWTH AND GREAT
CROPS.


OF uncertainty that there is natural
disposition to dwell upon the crowd
ing records of the year just closed,
which show an extraordinary volume
Of business, in many lines surprising
all precedent. Iron, cotton, leather,
boot and shoe and meat productions
were larger than in any previous year,
Thus 2,219,312 cattle were slaughtered
in Chicago, against 1,763,3l0 in 1889,
q gain OF % per cent, and 5,733,0S
hogs, against 4,211 ,767 in 1889, a gain
Of Sc per cent. At Boston $685.
$50 cases OF boots and shoes were ship
ped, against 3,5S5,211, gain Of 4 per
cent. Tue clearinghouse exchanges
show that the
VOLUME OF BUSINESS
in 1890 exceeded that of any previous
year by at least ten 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 all prices OF COM
modities, compared with year ago, is
6.6 per cent, and the average has been
about 5.5 per cent. higher for eight
months. But this unprecedented vol
ume OF business has not been alto
gether successful, and the recorded
failures have been, in number and in
amount of liabilities, larger than in
any previous year since 1884, though
10 number only trile greater than in
1889. The average Of liabilities was
$17, ,406 Tor the year, against $13,662
the year before. Moreover the average
Of liabilities for the last quarter was
greater than in any other fourth quar-.
ter on record, namely, $26,7S4, against
$14,907 in 1889.
"The reports from other cities are
almost uniformly confident in tone
and indicate a good volume and fair
condition OF trade for the season, but
are liable to be colored by the retro
spect Of generally prosperous year.
THE SOUTH REJoIcEs
in great crops and wonderful manu-
factu'ing growth, and for the moment
notes less financial pressure, good hol.
iday trade an bright hopes. st. Louis
had weather more favorable for dis
trbution Kansas City notes a strong
demand for money and receipts OF a.
600 cattle and $4,000 hogs, and st. Jo
seph reports large increase in the
years trade and care in credits result
ing well. At Milwaukee and st. Paul
unreasonable weather has affected
trade for the week. but very satsfac-
tory reports are made for the past year
and money easier. At Chicago, though
money is close, confidence rapidly re
wives, CO lectious are easy, and the
past years trade exceeds by per cent.
that OF 1889 in general merchandise,
dry goods and shoes, somewhat more
in clothing, 20 per cent. in furniture
aud 33 per cent. in some other lines,
while the increase in products of fac
tories is $25000,000 At Cleve and
jobbers are surprised at the fuIness OF
collections, but twenty-five iron fur
naces in the Mahoning region are
about to closo At Cincinnati holiday
trade was satisfactory and
MONEY is LESS CLOSE,
"Pittsburg reports decline Of 25
cents in pig iron, weaker, for finished
products, and reduction in prices OF
coke to furnaces from $2.15 to $1.95,
though Chenango furnaces are also to
close. The Eastern reports show cas-
Ter money markets and more hope
full feeling. At Philadelphia the gro
Gerry season has been satisfactory with
good collections. At Boston condi-
tions are deemed favorable. Wool is
fairly active with unsold stocks in the
country reported at 100000 pounds
against 100000 pounds a year ago
and better prospect for wooden goods.
Domestic hides are firm, and leather
and boots and shoes are more active.
"The iron industry does not inn
prove, as the closing OF furnaces indi-
Gates, Copper and tin open the new
year lower. There is better tone in
the anthracite coal market 1t is evil
dent that prospects are thought to be
brighter in the cotton and wooden in
dustry, for the record shows that a
number Of
NEW MILLS ARE BEING ERECTED,
and while the great majority OF do.
mestic and WOODEN goods are selling al
az low prices as year ago, and some
even shade lower, the volume o.
sales improves and the market fol
dress goods and worsteds have beer
improved both in volume and to somt
extent in price.
aThe cotton market has advanced
16c, with sales Of 10000 bales, al
though both receipts and expor fe
the week exceed those of week ago
Other speculative markets have beer
comparatively dull, but wheat has ad
vanced 11Gc, with corn l16c lower
coffee l1Sc, oil 112c higher and lard 2
cents per 100 pounds higher. Tn
closeness Of money and the uncel
rainty as to the future have promote
q healthy inactivity in most kinds