The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1892-08-12
MONEY AND BUSINESS.
The Outlook Throughout the Country as
Reflected by II. &. Dun s. Co.'S Weekly
Reyiew-A Distinct Improvement All
Around Safe In the Large Amount of
Gold Withdrawn to Meet European Bal
anCes on SfOcls-RuSfneSS Failures

Reflected by r.. &. Dun & Co.'S Weekly
Review-A Distinct Improvement All
Around Safe In the Large Amount OF
Gold Withdrawn to Meet European Bal
ances on Stocks-Business Failures. Etc.
New YORK, Aug. 7.-R. G. Dun &
Co. weekly review of trade SAYS:
In every respect save one the business out
look distinctly improves. Crop prospects are
clearer and it is certain that the supplies OF
the leading staples will be abundant Manu-
facturers are doing finely, even in the iron
branch, and labor troubles seem to approach
settlement Domestic trade is of enormous
volume and decidedly the largest ever known
for the season. Money is still abundant and
somewhat general improvement in demand
causes no pressure. But the heavy sales of
American stocks by foreign holders continue,
and draw large amounts of gold from the coun-
try, indicating FOREIGN distrust of American
finances.
At Boston trade is fairly active. especially in
boots and shoes, and the leather trade is fair.
Rubber factories well employed, the fall
trade in dry goods is excellent and the outlook
promising, the works having large orders. At
Philadelphia receipts of wool large and
prices firm, the manufacturers doing a good
business. Increase is seen in dry goods buyers.
Trade in paint and glass is moderate, and
liquors and chemicals active, and in tobacco
dull. AT Baltimore the fall trade opens favora-
bly,, country dealers holding small stocks, and
demand for money increases. AT Cincinnati
trade is quiet, but wholes ale drug sales exceed
last years. At Cleveland trade is good, business
in groceries, Shoes hardware and structural
iron, and orders for rolled iron are large and
the dry goods business is fairly active. At De-
troit crops look well and trade is fully equal to
that of last July. Business at Chicago consid-
erably exceeds last years; collections are sat-
isfactory; money tends to stiff and fair crops
and large business expected. Receipts for
the week fall somewhat short of the excep-
tional receipts year ago in many lines, though
in cured meats, lard, barley and oats large in
crease is seen and some increase in cattle,
hides and -four. Business is good at Milwau-
kee improving in all lines with brisk demand
for money. St. Paul reports encouraging
crop prospects; and Minneapolis
material increase in all lines of trade
and very good business in lumber with stiffen-
ing prices. Duluth reports shipments of iron
ore greater than last year. and large re-
ceipts of coal. Business at Omaha is excel
lent, and at Kansas City satisfactory, though
collections are slow; but receipts of cattle and
grain are large and at fair prices. At St. Louis
business is strong in all lines, and collections
more prompt than usual, and receipts of wheat
for the fortnight have been heavy.
Business is good in all lines at Denver. At
Louisville trade improves and the outlook Is
better. At Little Rock trade is quiet, but at
Savannah it is we'll sustained. AT New Or
leans money is in an improved demand at
slight advance Cotton is steady. The volume
last year. and greater than in any previous
year, in spite of a decline OF per
cent. In prices since a year ago. Imports
are enormous, exceeding last year r's;over 19 per
cent, the past month, which is proof OF great
activity in domestic manufactures and con-
sumption At New York decline of half of
per cent appears; in value for five weeks the
business is really larger than usual Railroad
earnings show gain OF nearly per cent in
July, and cattle receipts at Chicago were never
a6 in
Though the coal trade is dull, shipments for
seven months show gain of per cent. over
last year.
Pig iron is, on the whole, no weaker, though
Bessemer has sold at Pittsburgh for $3.50, and
southern sales at Chicago have depressed gray
forge to Sl2, equal to S8.15 at Birmingham. The
demand for bar is more active, and Eplate, sheet
and structural mills crowded with orders.
Shoe factories unusually active. Sales OF
wool have increased largely and for the year
at three chief points are, 174,OOO,000 pounds,
against 1460O0, 000 last year to date The re-
ports about cholera in Russia has some effect.
Cotton mills are sold ahead four to eight, and
print cloths strong at SIG. No change IS
seen in copper; tin has been lifted by specula-
| ton, but lead is dull at Al.
Speculation has made higher prices for bread
sstuffs, half cent for wheat, in spite of re-
ceipts at the west exceeding 100000 bushels
per day, with exports of 100000 bushels IN
| three days Corn has been advanced nearly D
| cents on small sales, and oats 234 cents; west
| ern reports favor shorter estimates. Cotton
has declined an eighth on sales of $4,000 bales
for the week, crop reports being more favora-
| BILE. Coffee is ne-eighth stronger, and oil
| three -eighths lower.
In the stock market higher prices have
prevailed in spite of large foreign sales,
| which caused a heavy outgo of gold last week,
and from 900 600 to 100000 more will proba-
| bly, go out TO- day Saturday. But within a
| short time the movement of merchandise will
cause a balance in favor of this cuuntry for
some months to come.
The business failures occurring throughout
| the country during the last seven days, number,
for the United States. 160 and for Canada "a; or
a total of 1874. compared with 1913 last
| week 1877 for the week previous to the last,
and 23i for the corresponding week of last year.