Iuka reporter. (Iuka, Miss.) 1888-1894, 1892-01-07
ALL ABOUT BUSINESS.
Dun & Co. Tell OF Trade for the Hol-
idays-The Outlook.

idays-The Outlook.
Business failures occurring through
out the country during the past week,
as reported to r. q. Dun & Co., num-
Der for the United States 307 and Can
ada %, or a total of 329, compared
with 392 last week and 335 the week
previous. For the corresponding week
of last year the figures were 34S.
SATISFACTORY REPORTS.
The old year has closed with a little
more than the usual holiday dizziness
in general trade, but reports as TO the
volume of the holiday trade are mains
ly satisfactory. AT Chicago it was
the heaviest ever known; at St. Louis
it was unusually large and in jewelry
the biggest known, but at Philadelphia
and at New Orleans it was not quite
up to expectations, and at Little Rock
unsatisfactory. Quiet in other trades
at this season is not a bad sign. and
nearly all reports add that the pros
poets for the coming year are consid-
cred unusually bright.
Exceptions are to be found at the
south, where the unusually low price
of cotton and the accumulation of ex-
traordinary stocks cause depression in
trade and stringency in the money
markets, but at New Orleans the mon
ey market is easier, though still there
is strong demand there, and at Rich
mond and Savannah. 1t is plain that
the South is one obstacle to general
progress at present, the o7erproduc-
ton of cotton being the cause.
Receipts at ports are no longer equal
,, to last years, and yet do not fall off
as much as expected, while the accum-
ulation of stocks has become heavy
financial burden, and the price has
dropped three-sixteenth during the
past week to 3-4c for middling upy
lands at New York.
THE PROVISION MARKETS.
The sugar movement is large at
New Orleans, with prices improving,
and the movement of rice steady, and
tobacco is fairly sustained in the
northern market, but the southern
trade depends so largely upon cotton
that serious depression necessarily
follows the lowest price for many
years.
1t must be added that the greatly
increased production of iron has made
it very low, and thus strained the re-
sources of many new and costly works
at the south, while the bottom has
gone out of many speculations in real
estate. On the other hand, the west
is peculiarly favored by an enormous
foreign demand for crops, which
would otherwise be depressed because
the largest ever known.
Wheat comes forward as rapidly as
the crowded conditions of the railroads
will permit, and exports, though re-
duced last year, are very large again
this week, and for six months have
exceeded 120,000,000 bushels, -four
included, whereas the greatest move
ment ever known in the last half of
any previous year was lis ,00O, 900, iii
1879. The price has declined nearly
l per cent during the last week: corn
2 1-2 and oats IL, but prices are
highly satisfactory to western farm
ers.
Pork products are a shade lower;
coffee nearly cent lower; oil FIVE
Fights lower and the prices of all COM
modities average more than one-half |
of per cent lower for the week.
The money markets continue well
supplied and undisturbed and the
treasury has again paid out more than
81 900, 900 in excess of its receipts for
the week
Foreign exchange tends lower, in
dicating larger imports of gold at no
distant day. Foreign trade continued
exceedingly favorable, for while the
increase of imports at New York DUR
ing the past month has been about
1-2 per cent increase in exports there
have been over SO, 178, 700, or about
81 per cent, which would indicate an
excess of exports over imports exceed |
ing SAC, 000,0 900 for the month.
The stock market has been strong
toward the close of the year, and divi- |
dends declared have been encouraging
but the records of receiverships dur
ing the year includes twenty-six rail-
roads with 2,159 miles in operation
and $84, AIS, 600 in stock and bonds.