Iuka reporter. (Iuka, Miss.) 1888-1894, 1893-10-12
TRADE rs STAGNA;EiE'
Due to Lack of Confidence Rather Than
Lack of Money,

II. q. Dun 4 Co.'s Weekly Review
Of Trade says:
1t is difficult to detect any signs of
Improvement. While there has been
some addition to the number of man
ufacturing establishments and to the
number of hands at work during the
past week, it has become painfully
clear that the orders do not suffice to
Keep at full time even the limited
force at present engaged. The bust
ness transacted is still far below that
of last year in volume, in railroad
earnings the decrease being 1916 per
cent, i'll spite of the large Worlds Fair
business and in payments throughout
the principal clearinghouse outside
of New York the decrease is 20 per
cent. Reports from other cities dis
close a distinct check on business.
There is on the whole less activity and
less confidence regarding the future
than there was a week ago, and this in
many instances is attributable TO the
uncertainty regarding the monetary
future which the delay in congress
causes.
While the volume of all kinds of
money in circulation has increased
S2l, 1877 PAT during the month of Sep
TENDER, and is now greater by almost
1900, 600 than it was last year, the
embarrassment has now, as it has all
the time been, due to lack of conf
dence rather than to a lack of curren-
cy. 1t is observed that while the bank
circulation increased in September
S5,O52,317, the amount of bank notes
in the treasury has increased 81. 657,-
945, and several of the banks whic.l
took out additional calculations have
retired it and sold the bonds deposited.
The stock of money in New York
banks has increased rapidly, and the
retirement of clearing house certifi.
Gates here and at other cities shows
great Improvement in the monetary
situation; yet there is but little in
crease perceived in that confidence
upon which commercial or industrial
loans mainly depend.
There is not snch encouragement as
might be desired in the industrial re-.
ports for the week. In almost every
department orders are found too small
to keep the restricted working force
constantly employed. Many concerns
arc working on short time, while the
general reduction in wages also affects
the purchasing power of the millions
who still have work. An increased
number of establishments is reported
in operation, but the sagging of prices
III print cloths and some other cotton
goods, and in the most important
products of iron and steel. discloses
greatly retarded business.
The demand for iron products is on
the whole less satisfactory than it was,
week ago. In the manufacture of
wool there is still remarkable hesiia-
ton, and the demand for consumption
is much restricted. VI
The Wheat movement has been fair
ly large, and the price has declined
about 2 cents, while corn has declined
about cent. Cotton is about lac
higher without distinct reason in crop
prospects, and pork products are also
somewhat higher, pork rs cents per
barrel. Happily the conditions thus
far have not diminished the exports of
products, which continue fairly large.
Failures continue to decrease in
number and Importance, though not
as much as has been hoped. The num-
Der reported in the United States dur
ing The past week has been 800, against
l04 the same week last year, and Can
ada 45, against 35 last year.