The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1893-12-15
MONEY AND BUSINESS.

Review OF tile Condition of Commercial
aid Financial sfatkets as Co1lated and
Prepared BY II q. Dun q Uos-Trade
Continues in ~ Waiting EToud-Money
Plenty with Light Demand for Either
General or Speculative Busincss-Busi-
Hess Failure for tile Week, Ets.
NEW 1oRk, Dec s.--R- G. Dun SC
Co. S weekly review of trade, issued to-
dayssays: aa
.Tfade OF all kduds IS waiting. There Is re
Sisibis impretefhenf, and on the whole tie In
dicationss are d little less satisfactory than
they were asweek ago. The folbme of business.
measured by clearinghouse returns outside OF
New York, show decrease of only IL per cent.
compared with last year, which is encourag'
iiisi but ss the statement scSfers the payments
for the first of the Month - may rot correctly
measure the volume of new traa Sd ctiofs. THO
reports from the other clffas show hesfts-
ting trade almost everywhereS with decided
disposition to wait uni til cougre5s has acted on
the tariff question. Hence tha tsfay and un-
certainty are likely to last for sbnle weeks.
The speculative markets have not moved
much. In railroad stocks there has been
slight decline of fifty cents per share. and in
trust stocks neaf1y as much. without much ex-
citement in either market. The sales have
been only million shares, but reports in re-
gard to the increase of taxation of sugar,
whisky and other products make whatever
market there Ia.
they show decline of only per cent. com
pared with last year; and in freight earnings
the decrease IS oily per cent The eastern
roads continue to show sons gain. E1d ON the
Southern roads there is d small decrease, but
! the decline western roads is still heavy,
running from to 10 per cent, awith even
larger declines In F5cifc roads.
Wheat has risen shade The western re-
, ceipts were only 2Si bushels against
669i, $50 for the same week last year; while the
exports from Atlantic ports were only 427.484
bushels against 1921 400 for the same week
! last year The receipts of corn were unusually
large amounting to 3,2277 I'll bushels against
2166 T6O for the same week last year, and the
exports were ss9.Oe6 bushels. against e27,boo
last yeaf
The movement of eottdn Vas not enc6uTaa'
! Ing to holders; and Appearances iH6icate q
larger supply on plantations than had been az
pected. tHe tecetpts at the ports for the week
were 25s2 POS tales against zis.5t7 fet the same
time last year. but the exports were ls"'s75
bales, against III 236 last year. The price de-
clined an eighth, with strong evidence that the
continued EetYy feceipt5 are wearying the
holders Tfi6 cobtoh tHaruf8ctufe does better
than other branches at present, and Yet has
not very healthy appearance The demand
is not Strong, and prices OF goods are barely
maihtained. The disposition 10 buy With great
caution and c0nhh6 purchases TO actual re-
quirements is more clearly unaffected than In
previoue weeks. ~-
In woolen goods the sense Of disappoint-
ment is very clear. ind there seems no reason
/ te expect any decided Fec6tefy uiltii csngtess
i has acted on the tariff question. Several
, works have stopped production during the
week. and others are running only to fill or
| ders which will soon be exhausted No quota
| BILE change is noted in prices, but the sales OF
wool for the week have been only S,747500
pounds, against 759, 500 for the corresponding
week last year. Tn5 demand for speculative
/
tion of the sales are OF that character.
i In the iron and steel manufacture there
symptoms of Improvement. The eastern MIR
kets are waiting, and while one company has
slgone in the market. as a. speculative buyer.s
taking about 1900 tons. it Is sail, ana there
have been large purchases of pipn iron also,
Tie general tone 81 The market IS not I'm
proved. There is a feeling hat the new steel.
rail com binaton will result in decided de-
crease in the demand for rails and also fol
pig iron; and at Philadelphia and Pittsburgh
no Improvement in prices is seen.
Copper is somewhat stronger, with 10la bid,
and the evidence of a combination of pro-
diicefS acctiEluldte lead has remained un-
changed in price, and in tin psices hase been
almost stationary.
The prospect of renewal OF gold exports
causes no great excitement in the street, as the
banks now hold so large stock OF gold on
hand that really heavy loss would not cause
them any emit arraSSment Yet 1t is felt that
any outgo OF gold at this time would be evidence
that Europe has been selling q large amount of
aeeirittes In this market, and there is a fesl-
ing that such sales may easily be pushed far
enough TO cause serious disaster. The bank
reserves, amounting to sl9S,0,0,GGJ, are the
largest over known, and there is a feeling that
the accumulation of idle money here is some
what dangerous to legitimate trade. but as yet
there appears no indication of speculative ex-
element in products or in stocks.
The inc rease in circulation during the
month of November was about 100000, al
though there was no demand for additional
currency in any of the interior markets, and
the evidence is clear that the supply of cur.
rency is far in excess of the needs of business
The failures for the week number 1886 in
the United States, against 27l for the CORE
! spsnding week last years and AZ I'm Canada,
against Sc last year. SIS