Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-06-29
REVIEW OF TRADE.
Frequent Signs Of improvement but No
Radical Changes Yet.


Frequent Signs OF improvement but NJ
Radical Changes Yet.
NEW York, June OR. G. Dun &
Company's weekly review of trade says
Signs of improvement in business
grow more frequent and distinct
though there is nothing like radical
change as yet The hesitation which
has prevailed during the year gives
way, but slowly to increased confidence
the more slowly because Of a few fail.
ures in woolens at Philadelphia and in
leather and shoes in the east. Yet the
soundness of the commercial situation is
generally recognized, and the hesitation
which remains is rightly attributed
mainly to uncertainties regarding the
demand for gold from Europe and the
financial situation there. Hence dis
patches announcing the settlement of
difficulties which have been hanging
over the London market and which
were supposed to affect one or more
houses having larger interests in this
country, are regarded with satisfaction.
| While gold continues to leave England
for Russia, the banking institutions of
western Europe are well supplied, and
in this country treasury disbursements
have been enormous. The one point of
danger is still the exceedingly strained
condition of credits abroad on account
of past disastrous speculations.
The reports from other cities are on
the whole more encouraging than a
week ago. Failures gave surprise at
Boston and delay confidence.
AT Pittsburg, Bessemer products are
somewhat more active, and the trade in
glass fairly good. Trade improves at
Cleveland, and fall orders are very fair,
and manufacturers busy at Cincinnati.
AT Chicago trade in dry goods, cloth
ing and shoes is larger than a year ago
and payments very good, Nceipts of wool
being double last years. of wheat more
than double, with slight increase in
-four, cheese, butter and hides, but de-
crease of fully half in dressed beef and
cured meats and third in lard. Money
Is active for the season. Reports from
other cities in the northwest are uni
formily favorable, as to crops, and gen
orally show some Improvement in trade.
At Omaha crop reports are very good
and trade fair. At st. Paul business is
fairly active and the outlook especially
favorable. At st. Louis trade was
checked some during the week by heavy
rains, but an active demand appears for
staples, with good business in shoes,
paints and oils, and crop prospects all
that could be desired.
Slight improvement is seen at Denver,
with the crops never better. Southern
reports are less encouraging, at Little
Rock money is tight and at Memphis
there is no appreciable improvement,
and trade is decidedly quiet at New Or
leans; slackening at Savannah, though
the prospect is bright and steady; ex-
ceeding last years at Jacksonville.
The speculative markets have declined
in almost every direction but without
panic or excitement. The transactions
have been relatively larger in cotton than
in any other, amounting to 100000
bales, with fall of only a sixteenth to
eight and three-eighth cents for spot.
Wheat declines one and seven-eighth
cents with sales of 24,000, 600 bushels,
the fall being resisted by reports of
damage by storms, and also by the large
export demand. Corn has declined five
and One-fourth cents, and oats four and
one-fourth cents, pork fifty cents per
barrel, and lard and hogs fraction
each. Raw sugar IS One-eighth cent
lower, and in wool more concessions are
noted at the west, and while iron pro
ducts are q shade stronger, the general
level of prices has declined more than
per cent. during the past week.
In the iron manufacture improvement
is still seen, with better demand for
plates and bar iron and very active de-
mand for structural, the mills being
generally well employed. At New York
there is some pressure to sell pig iron
not of the most favored brands, but |
good foundry is stiff.
Tin has yielded but shade, and lake |
copper is bought only as necessities re-
quire, while lead is unchanged and dull |
The coal market is quiet, the produc,
ton thus far having exceeded that of |
last year by 2,293, ,643 tons.
The yielding prices for wool encour-
age larger consumption, and, though |
sales are at present small prices of most |
grades are fairly well held. The manu-
facture is distinctly encouraged by
larger sales than are usually seen at this |
season of many kinds of products,
though in other directions the demand |
is still scanty.
Gold exports continue, not only be-
cause there is large excess of merchan-
disc imports over exports, but because
financial troubles in Europe have forced
large sales of American securities which
are now being delivered. The state of
foreign trade is little more favorable
than it was year ago, merchandise ex-
ports at New York for three weeks be-
ing 4.3 per cent. larger, while in imports
here there is considerable decrease.
Nevertheless the excess of imports over
exports June, 1890, was very heavy.
Money continues to return in large
volume from the interior, and the
market here is well supplied.
The business failures occurring
throughout the country during the last
seven days number 234, as compared
with a total of 253 last week. For the
week of last year the
igures were 202.