The farmers' union. (Memphis, Mo.) 1891-1895, 1893-06-01


speaking Of the unreliahillty of conf
mcrcial statements calls attention to d
late one as being an interesting study,
full cf butts and excuses. The report
starts out:
''Thc smash in industrial stocks a week
ago. the failure OF some firms and of the
National CnrdIgc Company and the largest
decline IN stocks known in any wcr!. Siurc
1873. have been foitcwed by surprisingly
little di>thbanrcs;
Observe, greatest decline Since 1878,
but for all that business "Iooks ,ip."
''BnSlntss ha, shown remarkable sound
mes, and >tren,h Under >Hch Il strain. BANK
failures At Th:cago and indianapolis and
rnnto:s of others reflect large losses
through Chicago speculation IN real estate
and grain. and 1T indianapolis through
the failure OF the Premier Steel Company.
But cuilimerri | edits are not materially
affected. Interior money markets are
growing tighter and more cautious, but
no: such >trinscnry Is yet seen as to check
general trade. which appears to have i'm
proved.
Strange that any demand exists for
staple provisions and clothing. isn't it?
Money outside the great ccnters grow
ing tighter. 1t appears as we'll that
collections are somewhat slow. prcsag.
Ing more and greater failures in the
near future:
"Quict liuuidatio..s continue at Phila-
"eiph!a, and caution prevails as the pro-
portion OF un>oid goods IS larger than
usual Collections are slow and i'll the
iron trade some hesitation Is seen about
| the ability of buyers. Iron has grown
weaker at Pit.Sours. with slower demand
for manufnciu ed products. but the glass
ty,i do. Y..jr RAtt fiIHr Enir dryr
goods in Cincinnati. At Cleveland trade is
good to fair. Tn.asinrss is caused at In
dianapol!s by the failure of the steel works
and a bank, and money is close At De
troft collections and pro sprct, are Il little
| better. The vulun: OF trade at Ghica,r is
satisfactory. though somewhat disturbed
by financial troubles, and retail distrihu-
| tion Is hot up to expcctation.'
Trade at Chicago is satisfactory with
the usual but" somewhat disturbed by
two failures that involve about u hun.
dred correspondents in small country
towns. Still there is heavy de-
mand for money ard accommodations
are somewhat difficult, collections be-
| ing slow
| The weekly iron output May l. shows
a.1o0 tons insre Sc for tn, month. and is
| 3..oo greater than Il year ago. while un-
! SOFA 40 rs decreased LUZ tons II NiF1.
| good pi- iron l. scarce. but SOM Southern
! b:aId> are pr ed for sale. The shoe
! trade j. Unusually quiet for the season.
| Cotton goods are accommodating. and in tho
| wColcns trade thr:e + much anxiety about
| the future. Speculation h; lifted wheat ,
| cent, though crop reports ar" less rl"umy
| than was expected. Com has s.i-t,t!y ad-
| vanced and pork product iar-r!y. Cotton
! Is unchanged, exports in April having been
| $4,000, 900 less in value and 32.00o,ul0
pounds less in quantity than last year oil
| is II cent lower exports also .ierliuiu-.
! All export from New York a'c -. @ 0
! less for the past two weeks than last year.
| while imports show an increase Of %. ,01, 900
| for one week o! May.
! INCREASE GF FAILURES
| While failures for the past week were
| cSa in number q. ;.-..::.St - las. ycnr aud in
! the United states Ell, against i5e. there
| were Cny eleven with rating over :110. %.
! From SaG0.nQ0 tn $500. 900 there were five;
! from; son. n.Ioa "a S3eo. .nnl only two; one
from $500. oDt - S.,J.i6i. aud two tn
| rating over 81. 000, 0J0, tnn-idrr;n. TIA" rx-
traordiuary pressure i'll stock an! money
markets the reports indicate greater sonud-
| ness than could have been expected.
Big fish swallowing mp the little
ones. But times are good. consider.
ing.