Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1892-07-07
"A YEAR OF PROSPERITY.
r. G. Dun 4 Co.'S Review Saws il
is Unprecedented.
Our Exports Have Increased Fifteen
Per Cent.

NEW 1Ohh, July liz. VI. Dun &
Cos. weekly review of trade says: The
business failures occurring thoroughout
the country during the week number
for the United States III, and Canada
20; total 1877. The fiscal year has never
been matched in the whole history of
the country in the volume of industrial
production, the magnitude of domestic
exchanges, or in foreign trade Just
closed, Imports for the year have been
1888, 900, 900, the increase at New York
in June over last year being about IS
per cent.
Exports from New York in June
gained 15.4 per cent. and the aggregate
for the year has been about 81 ,O27, ,OOO,-
900.
Railroad earning have been the larg-
est in any year thus far, and the clear
ings in June were the largest lever known
outside of New York. The failures for
half the year have been 5,503 against
6,O74 in 1891, and liabilities 62,OOO,OOO
against 100000 and on the whole
about the smallest for five years. In
spite of the low prices, additional works
are going into operation even i'll iron
manufacturing and yet more in wooden
and cotton.
Moreover, the crops of this year prom
ise to be very satisfactory, and the new
half year begins with excellent pros
poets.
Excessive rains have again set back
grain to limited extent, principally in
the lowlands, but wheat receipts in
western points have been 1882 900 bush
els in three days, and Atlantic exports
$4,000 bushels, showing that old sup
plies are not exhausted and prices are
an eighth lower than week ago. Corn
is cent higher in spite of larger re.
ceipts and very light exports, the fear
being that a part of the crop may be de-
stroyed by wet weather or SO delayed
that frosts will catch it before maturity.
Oats are also cent higher. Specu-
lations has been light in grain, but
pork products have advanced sharply,
pork 81 per barrel, lard 40 cents per 100
pounds and hogs 80 cents.
Speculation in cotton has been active
with sales of 100000 bales here result
ing in decline of sixteenth though
receipts are getting ligt. But the crop
prospects are good and the stock in
sight enormous.
AT Philadelphia manufactured and
especially structural iron are firm,
some demand is noted for delivery of
dry goods in July and manufacturers
are buying wool more freely. The hard
ware trade islarge though at low prices
and in other branches business is fair
for the season.
AT Baltimore good orders for clothing
are noted and an early season for shoes,
expected, though packing season is ex-
pected to be light. Eastern shipments
of boots and shoes gain every week on
all past records, and for the year nearly
six per cent ahead of last year aud only
one per cent below those of 1890.
Woolen mills are rather more active
than usual for the season, and cotton
manufacture has rarely been in better
shape as to stocks unsold.
Speculation in stocks has been Ian
guild, for holders expected great public
demand for investment of unprecedent-
ed dividends and interest payments July
first, but it has not yet appeared.
Money is abundant at all financial
centres, with but moderate demand
and collections good, except where wet
weather and bad roads check distribu-
tion and settlements. Rarely has the
country begun new fiscal year with
more satisfactory commercial prospects,
and there is less financial apprehension
than is usual in presidential year.