Iuka reporter. (Iuka, Miss.) 1888-1894, 1892-03-03
DUN'S WEEKLY REPORT
ON THE CONDITION AND PROS
PECTS OE TRADE.

The business failures occurring
throughout the country during the
past week for the United States 251,
Canada AS, total 299, against 276 last
week.
The business situation is not quite
30 satisfactory or encouraging as 1t
has been. While the gradual increase
in distribution in many lines Of bus
mess continues, there is o shrinking
demand and much depression in IRON
A further decline in cotton blights the
hopes of revival in the southern trade,
and the speculative mania stimulated
by the great success of coal specula-'
ton, now extends TO wheat and threat
ems to restrict the exports from all
parts of the country.
The returns regarding the money
markets re satisfactory, indicating
an ample supply and on the whole bet
ter collections than are usually seen at
this season, Notwithstanding the fact
that the exports of wheat have been
diminishing, and four days of the
present week there have been only
100000 bushels from the Atlantic
ports, while western reports continues
Large speculation at Chicago has
lifted prices 1--2 cent during the week,
and the sales here have been $500, 900
bushels. Apparently short sellers
have made an advance possible, but
the stories of gigantic combinations
embracing bonanza nitrate, standard
oil and other powerful capitalists have
helped. to create the excitement.
| Corn has declined 1-2 cent, with
large exports, but very large receipts.
Pork productions, oats and coffee
are substantially unchanged and Oil is
1-2 cent higher on small transact
tons.
Cotton is shade lower with sales
of 587 900 bales here, the receipts
being "a per cent greater for the week
than last year, but the exports are SO
| per cent greater.
The movement in dry goods at
Philadelphia promises an active spring
trade, though the south is still be-
hind. But in liquors, tobacco, chem-
icas, paints and. glass the trade is
| quiet, and in groceries very dull.
The wool market is dull, worsted
| mills lacking orders. At PittsDurg
the trade in iron and steel has grown
duller and prices are weakened. AT
the south business Is quiet. AT Little
Rock and Memphis and in all lines
rather quiet at New Orleans, though
sugar is strong and active. AT Sayan-
nah trade is good and prospects
brighter, factors advancing on cotton
because money is very easy. But
throughout the south the continued
depression of cotton is noted as the(
cause of dullness. The week has beeR
gloomy in the iron trade from thel
pressure to realize on quantities ind
iron not well known or produced ip
excess of requirements. More inquiry
appears for structural iron, beama
selling ut IA cents, but bar iron is id
light demand and weak, and for fin
ished products generally the demand is
disappointing.
Since the large sales at l05 to 10a
the copper market has been steadier,
and tin and lead are strong. The coal
market is very dull, awaiting the re-
suit of the combination.
and growing, though cutting of prices
for boots has done no good and ship
ments are below those of last year. In
wool there is distinct Improvement
in the demahd for carpet use since the
slight advance in products by some
makers, and also in half or three
quarter blood woods, because of the
strong demand for cheviotgoods. The
spring demand for mems woolens is
large and many tardy clothiers find
their orders long delayed or refused.
The trade in dress goods is also i'm
proving, though at this city there is
much cutting in prices. Cotton goods
are more active than at any previous
week this year, and few other grades
have slightly advanced. The value of
all experts from New York for two
weeks of February have been 81 per
cent larger than for the same weeks
of last year.