Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1892-10-27
REVIEW OF TRADE.
No Cloud has as Yet Shown Itself
in the Business Sky.
All the Domestic Industries are Crowded
With Orders.

New YORK, Oct. 20.-R. G. Dun &
Cos weekly review of trade says: There
is still no cloud in the business sky un
less the state of foreign trade be one.
All home trade is of enormous volume.
making an aggregate of bank exchanges
outside of New York, thus far in Octo-
ber, never equalled in the same month
of any previous year, the excess over
last year being about fourteen per cent.
and oyer 1890, when the October trans
actions were the largest on record, ex-
cept this year thus far, about nine per
cent. Prices are low, but merchants
are pressing for more business at the
same rates.
All domestic industries are crowded
with orders, and works, as a rule, are
fully employed many being pushed to
overtime by urgent demand resulting
from an unprecedented distribution of
goods. Merrimack S are fairly supplied,
and there is reason to hope that some
return of gold from Europe is not far
distant Exports in September were
but S62, ,949,526 in value, against S82,-
954,OS5 last year, great decline due
mainly to the fact that last years move
ment was far beyond all precedent.
Cotton exports were 81 200, 900 pounds
less, and the average price 1928 cents
against 9.37 last year.
The money markets are nowhere
stringent, notwithstanding unusual de-
lay of returns from the the west or from
Europe. In this market money has
rison from 81 to 8 per cent. on call and
there is more active and firmer mar
ket at Chicago; but nothing like a
monetary pressure is reported from any
quarter. The treasury has taken in
100000 more gold than it has paid out
during the week, and has put out $780,
900 more silver, but has added to the
circulation 80, 300, 900 in notes.
The report from Chicago serves this
week to indicate the tone of business
at the west Merchandise sales in lead
ing lines are larger than last year, and
great number of buyers are in town
and business in dry goods and clothing
is expected to be brisk early next week.
Collections are good, real estate deal
ings heavier, amounting to over $3,OOO,-
600, and bank clearings sixty per cent.
larger than last year.
The receipts of all kind of produce
increased enormously over last year,
except in live stock, which shows a
slight decrease.
At the western points transactions
are enormous, and several cities report
railroads blockaded by the amount of
freight offered.
At the East business has been more
active since the great celebration and
in volume never equalled. Textile
manufactures continue extraordinary
activity, fully described in the recent
report. In printing cloths there is some-
thing like corner, and three and five
yarn sheetings the chief productions is
sold into January and silk goods are
dearer.
Claims against wooden looms never
were so large and orders seem to in
crease about in proportion to the enor-
nous distribution.
In boots and shoes the season is the
oretically closing, yet business is large
and works are all busy, and some can
not meet their orders in six weeks, many
orders come daily by mail with urgent
demands for immediate use, SO that
stocks are well closed out, and many
hands have been working overtime for
months.
The iron industry feels the impulse
of an increasing demand, especially for
plate and structural forms, such works
being all crowded and greater demand
from ship yards is expected, while the
market for bar is moderately good.
Notwithstanding large production of
pig, the market is stronger. Some
grades have slightly advanced.
Speculation has not been very active
except in cotton, of which 92S, 900 bales
have been sold and the price advanced
an eighth.