The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1893-05-05
REVIEW OF TRADE.


The Monetary and Commercial Condition
Throughout the Country as Refies ted
Through X. q. Dun 6 Co.'s Weekly Re-
view-CoId and Wet Weather and None
tary Uncertainty Have Had Their Eff
feet in Depressing Trade to Some Extent
Business Failures, Etc.
NEW YORK, April 23.-R. G. Dun G.
Co. s weekly review of trade, published
this morning, says:
President C1eveland's decision about redemp-
ton OF legal tenders, all admit, has arrested
what threatened TO become a serious disturb
ance. Gold exports have ceased. sterling ex-
change has fallen to 4S71k and rates for money
have declined from 10 70 Az per cent. Stocks
have been stronger. gaining about 150 per
share for the week and some produce markets
are rising again. Yet cold and wet weather
and monetary uncertainty have caused dis
tinct depression I'm trade. Collections are al
most everywhere behind and interior money
markets are growing closer more conServa-
tive. Reports from all parts of the country in
dictate that trade has been much retarded by
bad weather and unsettled money markets, and
complaints OF poor collections are general
Business at Boston is not active. In dry
goods 1t is smaller than last year; in wool and
WoolenS, cotton, shoes and groceries dull; in
furniture fair, and in lumber. structural iron
and building materials good. At Philadelphia
failures have caused some timidity, and retail
sales are restricted by the weather; wool and
dry goods are inactive. and the sales of
tobacco, liquor and jewelry small; the gro
Gerry trade slightly improved, while hardware
is busy and building materials and paints in
fair demand Trade is active and building
materials active at Baltimore. At Pittsburgh
iron is in worse condition, but the glass trade
is fair and trade in hardware very good. Bust
ness at Cleveland is fairly good but lake
freights are demoralized and manufactured
iron active but lower. At Cincinnati the
weather and the money markets are depresS-
Ing. but the tobacco trade is good Money and
collections are slow at indianapolis and Detroit,
the weather affecting all trade. Chicago
reports decreased wholesale trade and
collections behind hand, retail trade and con-
structton work being. retarded by the weather,
and building materials below last falls prices
The demand for money is heavy, and banks are
conservative. No improvement is seen at Mi
waukee, and st. Paul reports seeding retarded
by the weather and collections poor. At Sioux
City no panic results from heavy bank failures,
and at Omaha trade is very active. but retarded
at st. Joseph by bad weather. Business is fair
at Kansas City, cattle steadier, but trade is
quiet at Denver. At st. Louis the jobbing
trade is very good, collections free and money
in greater demand. Southern orders are small,
but cottonseed is in demand for replanting
AT points in Tennessee trade is generally slug
gish and collections small. At Montgomery
and Atlanta some improvement is seen, but at
fair trade, with special activity in real es-
tate, and building material better. Most all
other southern points report collections as
slow.
Distribution OF products to consumers fall
short of expectation. Monetary uncertainties
and failures make people anxious. Wheat seed
ing has been greatly retarded by rains, much
cotton has been killed, and signs of industrial
depression affect the purchases OF millions.
The dry goods business is plainly taking in
sail, buying only from hand to mouth and
waiting for events that this is called the
dullest week for years. Sales of wool are
greatly reduced, and some grades of ginghams,
cambrics and other cotton goods are lower
with stocks accommodating. In leather the sales
have been growing lighter for weeks, and
stocks are growing; the boot and shoe shops
are still working on old orders and their ship
ments are large. The failure OF the Pennsyl-
vania company causes much depression and
makes it harder for other iron concerns to OBJ
tain accommodations especially in the rail
business, because it Is doubted whether
makers which expires July /. Trade in
pig iron is waiting and consumption of
Manufactured products does not encourage
hope OF better prices; though in plates there is
more inquiry from shipyards and in bar iron
from builders. Structural iron is in demand
throughout the country, but ar low prices.
Copper has declined, contracts with consumers
at ii cents for lake being reported. Tin is
weaker at 206 cents, and lead at 4.05 cents, and
agents have reduced western prices of
coal Is cents. Anxiety about money has
strengthened stocks. Railroad earnings
continue large and the proposed reor-
ganization of the Reading causes quite a boom,
while some buying from Europe has been re-
ported. Cotton IS an eighth lower on sales of
500 ales, in spite of reported injuries, the
pressure OF heavy stocks being felt as money
lghtens. Corn has risen cent, and pork 81
per barrel, and speculation at Chicago seem
to have revived with the bad weather which
retards farming operations Wheat is quar-
ter of cent higher than week ago, with
sales of 100000 bushals here though re-
ceipts at the west are still heavy and
shipments by lake enormous Produce
exports have improved a little, but for the
present all exports from New York are much
behind last years, while imports here show an
increase of S9,O00000. This state OF foreign
trade is still of danger to the money market,
which no action of the administration, how
ever wise, can entirely relieve.
The business failures during the past seven
days number. for the United States. 216; Can
ada, -; total, 2Ss as compared with S0S last
week and 200 the week previous to the last.
For the corresponding week of last year the
dgures were Eli.