Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1893-10-28
TRADE REVIEW.

rhe Condition of Business Throughout
tho Country as Reflected Through X. q.
Dun a. Co.'S, Weekly Review-Mueh
Gain In Hope, hut Little In Actnai
NEUTRALITY-SUSPICIOUS. and Internal rev
enue Receipts Materially Decreased
Business Failures. Etc.
New YORK, Oct. 21.-R. q. Dun
Co. S weekly review OF trade, issued to
day, says:
There has been much gain In hope ana NJ
tie in business. Assurances thar the repeai
bin will soon be passed have been received BY
traders as n reason for buying things specula.
tive at higher prices, and with money abun.
dant on call--sss, 900, 900 having been received
In this city within ten weeks-speculatlon In
stocks and products has an unusual stimulus
and would have expanded more but Tor con-
tinued embarrassment OF Industries. Stoehs
have gained during the week 65 cents per share
on the average for railroads, with sales OF
1000, 900 shares.
The receivership for the Union Pacihc had
been anticipated, and the street reasons tha1
many other stocks are selling on receiver
| ship basis already and that In general tho
worst that is likely TO happen has been DIS
| counted.
| Wheat has risen "A cents, helped by heavy
| foreign purchases, and In spite OF better crop
| prospects corn Is rating stroger. PORK mas
| been lifted so far that another collapse ls
feared by some. Petroleum has been advanced
T cent and Brazil spectators are supposed 10
| be utilizing hombardments to increase Inc
| value OF coffee.
With these good signs are some not so gooL
Renewals OF maturing notes 10 largor
amount are forced upon the banks mere, though
practically all the Clearinghouse certificates
| har nd R09f0n
ness is so slow that merchants are asking fol
few new loans, and yet the aggregate OF com
mcrcial Indebtedness must still be large. INT
state OF the treasury excites remark, It's golo
surplus having fallen to Ss2,3225,7s9
Imports are far behind those OF last year, ana
the accumulation of goods in bond Is unusn
allv large so that customs as we'll as interna
revenue receipts decrease heavily. The roo
of the difficulty Is the decrease In consumPlo
OF all kinds and in that respect the week ma
r brought no perceptible change. ThiS SHRINK
nge appears less In cotton hero than In SOM
other branches Of manufacture, and during tn
e week there was slight improvement in tn
S market for some goods. But some large mill
n which recently resumed have stopped agar
J. and while the number reported in operation II
creases the condition OF tho markets ina
Gates plainly that few are working AT thel
s full capacity. The reduction OF wages nj
" been general ana does not tend to increaset VI
=. CONSUMPTION OF goods. The caution OF boot on
= shoe manufacturers, 1t is believed, has enable
that industry to work into safe position D.
while the stocks Of dealers are unquestionap
very low orders received are not enough
s. fully employ the shops in operation. Sol
+, Improvement Is reported and the decrease
=. eastern shipments compared with last year
= but % per cent for the week. In silks mix
'p textiles and knit goods, the situation u
e. not changed, and the demand is sma
- In woolens, slight Improvement
l., perceived in orders given ana
~ number OF cutters employed, but about
r. many mills are closing as resuminS work,
lv the sales of wool at the three chief mills hf
nn been 3.U2s,5O0 pounds, against o.o33'oo II
+o wear. There has been some buying at
''' west. and one or two carpet houses are start
ol- since the export of 10000 rolls has upset
it English market, but il the home market
an in normal condition the exports would not
have been tried.
The exchanges at the principal clear
houses show decrease Of 25.5 per cent, for
week. which is less than appeared some we
r., ago. though it may be partially due TO the
,se usual volume OF payments deferred anu
at made only in part,
The failures this week number $40 IN
'"' United States, against 2l0 last year; ana
les Canada, against - last year.