The free press. (Poplarville, Miss.) 1890-19??, 1892-02-25
FEWER FAlLUR ES.
Furious SpecuIatlons In Stocks
and the FIeecy Staples.

The business failures occurring
throughout the country during the
past week, as reported to r. G. Dun
& Co., number for the United States,
1856; Canada, Al. Total 276, against
369 last week.
Silver and cotton have declined yet
further, the latter TO z 3-16 cents, the
lowest price for many years, and sill
yer bullion to Al pence at London, the
lowest price ever recorded, though
there followed a slight recovery to
Al IA.
The cotton receipts and exports have
been much larger than year ago, but
the stocks on hand decrease but slowly,
and are very large and speculative,
sales for the week nave been 932 900
bales.
Wheat has declined / 1-8 cents on
the sales Of 46,0O0,000 bushels ex-
ports being seriously diminished, and
corn has fallen 1 1-2 cents ON sales Of
100000 bushels, western receipts
being unusually large,
Lard and hogs were somewhat
stronger. Exports of products from
New York fall little from those of the
same week last year. but the shipments
from other points continue very large.
The production of pig iron is about
stationary, amounting on February l.,
to 1877, 1856 tons, against 190,0S2 tons
January 1, and 146,0 ,050 tons a year
ago. Stocks of charcoal iron are sub
stantially unchanged, and unsold stock
of anthracite are a little smaller than
n month ago, but the stocks of coke
iron are considerably larger, so that
the consumption does not appear quite
up to the enormous supply. No change
appears in the market for pig iron,
and rails are in small demand at fixed
prices. Bar iron does not improve,
and the demand for plates is smaller
than was expected, while the collapse
in the combinations in beams and
barbed wire has q somewhat depress-
ing influence. Reports from other
cities indicate a general Improvement
in trade.
AT Philadelphia the dry goods trade
is quite encouraging. The business in
groceries is generally satisfactory; but
very little is doing in wool, and other
lines are quiet and without change.
Building permits were fewer in
January than last year, but have in
creased largely in February thus far.
The prospects at Baltimore are much
brighter, with decided improvement
in leather, shoes and harness. Better
accounts also come from the Sou.h.
AT Louisville the ade has improved;
at Nashville it l., :ry fair; at Mem
phis, light, bat lmpl,yng, and at
Montgomery increasing. AT New
Orleans business in all lines is only
falr, but there is slight improvement
in cotton, and sugar is firm and active,
with light receipts. Nearly all the
Southern points report an easier money
market and more hopeful prospects.
Money is only too abundant, and
has been quoted on call this week at
IL and l per cent. The treasury
continues to lose gold, and has caused
some embarrassment during the week
by refusing to supply the domestic
exchange, except upon actual deposit
OF gold; but it has put cut 1921 900
more money of all kinds than it has
taken in, with much reduced revenue
and large disbursements required by
appropriations. The treasury is not
III shape to bear with the strain
which the financial vagaries in con-
gress might putupon it, but confidence
IS felt that no measure calculated to
10 harm can be passed over veto. In
the meanwhile the danger of accumu-
iatlon in excess of public needs is
illustrated by the various speculation
III stocks and cotton, which may yet
result in some difficulty.