The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1892-01-15
THE CouNTRY.s TRADE.

Ine Opening of the New Year S'gnaiIsed
Dy marked Declines in the Prices of
wheat and Cotton-Ths Ls%ter Now tha
.owese Since 1S40-A Depressing In-
nuence In business in the South-Trade
Ia other Sections Generally Good.
NEW YORK, Jan. 9.-R G. Dun &
20. s weekly review of trade says:
The first week of the new year has been
marked by some striking events. There has
Deen an important decline In the price of wheat
and cotton, which have been held of late little
too high for foreign estimates of valtie SO that
exports were somewhat checked. The decline
VIII bring out larger orders for export. Cotton
mas dropped to the lowest price since 1849,
viz; 744 cents for r1iddling uplands. Receipts
are greater In the south and the stock Is accu-
mulating, being largely carried by banks at
various points, all of which has d depressing
effect. This affects trade throughout the south,
and at Memphis the outlook Is considered poor
ana collections are very slow. At Nashville
trade is only fair, though money is easier; at
Little ROCK trade Is dull; at Galveston very coii
servat1ve, with failures much exceeding th0ss Of
last year in numberj at Savannah trade Is
quiet, though money Is easier, and at New Or
leans banks are easier and better feeling is
seen IN the money market, though unusual
quantities of cotton, sugar and rice are being
carried. The demand for sugar and rice is
strong and active with slightly better prices,
put cotton is declining with heavy receipts.
Trade IN other parts of the country is fair for
the season At Boston business Is better in
some lines, with considerable activity in dry
goods, new goods being opened and selling freely.
Boots and shoes improve slowly, manufacturers
having fair employment, but being anxious for
further orders An improved demand is seen
for rubber goods. At Hartford hardware and
groceries are in fair emand and dry goods
Gull AT Philadelphia liberal orders are noted
for spring materials, and while trade in other
branches Is now very light, the prospect is con-
sidered good. Baltimore reports healthy
money market, and Cincinnati activity in cloth
ing, and moderate trade in whiskys, with
favorable start for the year. AT Cleveland
trade is good for the season, and rolled iron in
good demand. At Pittsburgh the outlook seems
better; pig iron is stronger and finished iron in
good demand. Chicago reports some increase
in receipts OF barley, cured meats, cheese and
cattle; receipts of oats nearly double last
year s; OF flour, corn, rye and dressed beef
fully double, and of wheat three times last
years. Dry goods sales are light, though pay
ments are better; sales of clothing and shoes
are larger than ysar ago, and money is In fair
demand, with the supply a11pls for legitimate
trade. Milwaukee finds good indications for
the spring trade, and heavy snow helps the
Timber business At st. Paul trade is quiet, as
usual, with excellent prospects. At Minneapo- |
us the car famine is over, and the output Of |
hour l7O0O0, barrels, against Ia 600 last year,
Win sales OF 1871 exceeding those or /
1890 by 100000 feet At st. Louis cold |
weather causes better trade in heavy clothing, |
and other trade is seasonable. the |
grain blockade having broken. Trade at |
Kansas City is quiet, and money is in light de- |
mand. Collections throughout the northwest |
are very fair, though slow at most southern |
points. The great industries report no import |
ant change, though In iron large business is
being DONE and the tone is improved. Some
improvement is seen in bar and plates and q
fair business in structural iron. The coal trade
Is ragged, though the demand is beyond all
precedent Less demand Is seen for copper,
though large sales have occurred. Tin is
weaker and lead dull, and other markets
throughout the north are easier
The business failures occurring throughout
the country during the last eight days, number
for the United States, 1893, and for Canada A. or
a total of 435; as compared with 329 last week,
and 292 the week previous to the last. For the
corresponding week of last year the figures
were 4G3, representing 375 failures in the United
States, and 28 in the Dominion of Canada.