Iuka reporter. (Iuka, Miss.) 1888-1894, 1893-11-23

Condition and General Outlook of The
Prospects Of the Country.

Il. G. Dun u Co.'s weekly review
says:
Business is gaining, but it is con-
slant complaint that the Improvement
is slow. This is because very few re-
alize how heavy u load business has to
drag after it in climbing up again.
Legislative uncertainties weigh heav-
lily, while trade and manufacturing
failures involving more than $780,
600, 900 in nine months, besides bank
ing failures of enormous liabilities
and failures of railroad and other COR
porations having heavy Indebtedness
to individuals aud firms, involve con-
tinual embarrassments which men are
prone to forget.
There has been encouragement dur
ing the past week in the fact that No
venber payments are far moro salts
isfactory than was expected, but
extensions of the month would have
seemed alarming in other years. Mer-
chants who receive part of the amount
are rejoiced, but their buying power
is not as large as usual. The extraor-
binary shrinkage in purchases for
consumption, if lesseniug, has still
made it impossible for many firms to
go as before, and the largest failure of
the week, that of the Thurber-Why-
land Company, illustrates embarrass-
ments which cannot be terminated in
a week or month. Monetary diff
culties no longer hinder. 1t is true
the treasury cash has fallen to S97,-
3S8, $3.50, Of which only $S5, AGO, 891
was gold, but there is no such alarm
as there was when the gold reserve
alone went below 500, 900, 900. Bust
ness is not leaning on the treasury,
and it is we'll that 1t is not. Receipts
for the month thus far are about $5.-
600, 900 less than expenses, and the
imports in October decreased about
! 500, 900, 900, partly because Of inflated
valuation of goods imported last year.
Weekly imports at New York decrease
| III part from the same cause.
The condition of industries i'm
proves, but they wisely wait the revi-
val of purchases by consumers.
| Twenty four works of all kinds have
wholly or in part resumed, against
| fourteen cl, sing. Yet less than half
the iron working power is active, and
out of nlnety-line wooden works ut
| the East only ten are working full
time, while forty-tive shut up Nov.
l, the production for four mon h in
mems wooens being Ia, 34S 431 yards,
against 25, 554 ,306 last year. State
factory inspectors report that out of
10000 persons employed in textile
mills in Philadelphia only II 500 are
at work. IN boots and shoes there is
also decided Improvement, in spite of
the fact that orders are smaller tn all
usual and most factories are receiving
orders, though not enough for full
employment. Shipments from Bost III
for the week were only per cent less
than the year before. The volume of
business through the clea Ing house
continues, and ior the past week it
increased Is & per cent.
The failures of the week were 364
in the United Sta'es, against 205 last
year, and SO IN Canada, against IS
last year. Besides one bank in Ohio
and the Thurber failure, there were
four of liabilities over 100000 and
6S others over $4,000. The volume
of Indebtedness of firms failing in the
previous week was So, 1927, ACT against
SO, 467 ,346 the week before, being
| larger East than South.