Iuka reporter. (Iuka, Miss.) 1888-1894, 1893-11-02
Dun,s Trade Review.

Dun's Trade Review,
Il. G.. Dun y Co.'s Weekly Review
of Trade says: Port is in sight after
q long and stormy voyage and the
prospect Of a speedy end of the strug-
sic over repeal has brought bright
hopes to business. 1t is still too soon
to expect much effect in trade and
manufactures and though monetaE
obstacles are to a large extent II
moved, there still remain other legr |
latiye questions which create un5tc |
tainty. A fact of real encouragement
is that railway earnings for the tine /
week of October show an increased |
3 per cent. over last year, the first id
crease for q long time. Wheat rose 2
cents, although Atlantic exports fell
ter 100. 900 bushels for the week,
Nags lst 1900, 900 bushels last year, in
'part'because western receipts were but
5,S63,0 o bushels, against 100000
last year. But corn declined an
eighth, with better reports of yield,
and cotton fell a quarter, receipts be-
ing 10000 bales greater than last
year. AS yet, there is seen only a
continuance of the faint and slow in
crease in distribution of products
which have been noticed for some
weeks. Nor does this gradual revi-
val in demand extend to all branches.
Most of the increase yet seen in cot
ton and shoe manufacture may be ex-
planned by mere exhaustion in stocks
of dealers as frequent requests for
immediate delivery show, but there
is also reported q somewhat better de-
maud from consumers, and four more
cotton mills have started and seven in
creased force, against seven stopping
or decreasing. A similar demand has
increased by six the number of hos
iery and knit goods works reported in
operation. The shipment of shoes
from the east in four weeks of Octo-
bel are % per cent. less than last year
against so per cent. in September, but
against eight comparatively small
woolen mills, starting, five have
stopped, including one of 5000 and
another of 1000 hands. The total
sales of wool at three chief markets,
including several million pounds be-
lieved to be for speculation have been
9,207, l52 pounds i'll three weeks
against 1875, 900 last year. Two adj
dtional iron furnaces have gone into
blast, and the present output may be
little larger than at the beginning of
the month
Some rail mills have resumed man
ufacture, apparently to provide for
future rather than present wants of
their customers, and there is some
addition to the number of nail and
wire works and machine shops en-
ployed. But the demand for most
product is small; steel billets are
called firmer at $50, ship plates pre-
delivered at Philadelphia yards for
$1.55, and bar sells with increasing
demand for S135 at Chicago. 1t is
hoped that monetary ease aud security
may encourage railroad extensions
and Improvements and more architect
ural work, but the shrinkage in de-
mand is not wholly due 10 the state
of the money markets. The number
aud magnitude Of failures decreased
less than had been expected, the liabil-
tiles in three weeks of October
amounting to S15, 1912 ,920, against
$1,000, 900 for the same week of last
year. This week there have been 352
failures in the United States against
1877 last year and A in Canada against
20 last year. Including one bank and
two western failures for 81 100000
or more, there were 65 of liabilities
exceeding S., goo each.