Iuka reporter. (Iuka, Miss.) 1888-1894, 1893-07-13
TRADE REVIEW.
Condition and General Outlook
The Prospects of the Country.

r. G.. Dun &c Co.'s weekly review
of trade says: The tone in business
circles has perceptibly improved.
This is partly because the banks have
been rendered more hopeful of IN
early financial settlement by the call
ing of an extra session of congress,
partly because of some recovery in
prices from the sudden depression
which followed the decision TO close
the India mines, and partly because
crop prospects have certainly inn
proved in spite of dismal reports from
some sections. On the whole, there
has been little better distribution of
goods to consumers, and perhaps the
countermanding of orders given some
months ago is not quite as frequent as
it was last week. More hopeful
symptoms are gladly noted, but while
the causes of depression remain, il
would be rash to calculate that difficult
ties will not reappear. Large sums OF
money will be required to move the
crops, and in the present state of the
money markets some stringency is not
improbable.
Business in Baltimore is very dull.
Iron had another drop at Pittsburg.
Though many furnaces are closing, a
reduction in cost is expected from
wage settlements. Cincinnati reports
little improvements, with close money.
AT st. Louis trade is quiet, but collec-
tons are fair, while banks are still
most cautions. Nashville and Knox.
vile report better feeling, and Mont
gomery quiet trade. AT Little Rock
business is very dull, aud at Augusta
and Atlanta quiet, with money COM
paratively easy. Galveston reports
the situation fairly good in Texas,
with few failures and prospects of
more than an average crop. The
banks care for customers, but discour-
age new loans. New Orleans notes
no improvement, with money tight
and collections slow, but crop reports
excellent, except in the overfowed
sections. AT Mobile the. banks are
more free. At Jacksonville trade is
fair, but collections slow and The
banks cautious; and at Charleston the
tone improves, though money is tight.
Trade in groceries is fair and other
lines moderate.
The market for pig iron and steel
rails is very gloomy, rail makers hav-
ing about reached the end of their cr-
ders, yet the consumption of pig lfas
been $4,000 tons larger for the half
wear than for the half war of 1900
stock being reduced $4,000 tons.
Heavy contracts for iron have been
made by agricultural implement
works. Locomotive works were new
CT buster. Cramp and other ship
yards are well employed Hardware,
stove and other special works are busy,
with good prospects, and yet prices
for pig are quiet demoralized by
southern pressure to sell, snd in gen.
eral, the prices of iron products are
the lowest ever known.
Money has grown easier, but it is
still hard at most points to get accom-
modations, as the banks are preparing
for larger demands.
Foreign trade shows little change,
exports being much below last years,
and imports quite large. Stocks are
dull and inactive, with some signs of
more foreign disposition to buy, but
prices are only fraction higher.
The mercantile failures during the
week number 1924 in the United States,
against 1873 last year, and 20 in Can
ada, against 10 last year.