Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1893-11-04
THE STATE OF TRADE.

The Condition Of Commercial and Finnn-
cIai Affairs Throughout the Country as
Reflected Through r. e.. Dun u Cos
Weekly Reyiew-The Number and Mag
nItude of Failures Preeeptibiy Decrease
ing aud Confidence Gradually Returning.
New York, Oct. Or. q. Dun u
Co. S weekly review OF trade, issued to-
day. says:
Port IL in sight after long and stormy voy-
age, and the prospect OF . speedy end oil the
struggle for repeal has brought bright hopeste
business Stocks climbed rapidly for three
days, banks relaxed restraints commerctai
loans are more freely sought and made, ana re-
ports from all quarters show the prevaiehce
of more hopeful feeling. This In itself tends
to produce some revival oil consumption anu
OF industry which, nevertheless, has MADE out
moderate progress as yet. 1t Is still TOO soon
10 expect much effect In trade and manutac-
lures, and though monetary obstacles are 10
large extent removed, there stiil remain
other legislative questions which create uncer.
tatnty Opinion also differs az to the extent OF
improvement now to be expected after 30
| much doubt and delay and loss But the clear
| ings outside New York this week are not quite
| 20 per cent less than last year.
| The anticipation OF repeal and the happy un'
| ION OF the Vanderbilt. Jersey City and LacKar
| wanna gave the stock market three happy
| days In which stocks rose an average OIL SZ''o
| per share and trust stocks $50 per share, ana
| the sales for the week have been 2,25o,Wo
| shares. But on Thursday there came pause
Traders were taking profits, OF course, but
| more important fact was that London emptled
| about S3 so OO1 worth OF stocks on the market
| rapidly This indicated less confidence on
that side than had Lcen anticipated in the re-
cuperative virtue Of assured legislation ana
coming so soon after The Vanderbilt purchase,
suggested whether its effects upon trunk-line
and coal.carrying roads, though obviously
encouraging, had been in all respects
| npprehended. This selling raised the
| rate OF exchange in the race
of the announcement that a5lO0 900 gold has been
shipped hlther the same day from London at
| On operation which might have paid better IN
. ! prices obtained for stocks than in any other
way. a fact OF real encouragement Is that
railway earnings for the third week OF OCTOBER
, show an increase OF per cent. over last year
the first increase for long time Notwith-
standing the large sales the market continued
unusually strong In other speculative
| markets. in spite OF monetary comfort and
| bright prospects gains realized were small.
Wheat rose2 cents, though Atlantic exports
| fell to / 100 00l bushels for the week against
100000 bushels last year in part because
/. western receipts were but 5,sD0oW against
4 s9OO0Ju last year. But corn declined an eighth
, with better reports of yield. Coffee declined
three-si sixteenths. Pork products made only
& slight gains and cotton fell quarter, receipts
X being 600o0 bales greater than last year
h As vet there Is seen only a continuance o
70 the faint and slow increase in distributor
i, Of products, which has been noticed for somt
u weeks. Nor does even this gradual revival IT
u demand extend to all branches, Most OF tn
increase yet seen in cotton and shoe nanutac
ture may be explained ly mere exhaustion II
| stocks OF dealers as frequent requests for In
!, mediate delivery show; Tut there is also r.
C ported by dealers a somewhat better deman
:, from consumers and four more cotton mill
II, have started and several increased their force
u against those stopping or decreasing.
)l- similar demand has increased by sixty In
aa number of hosiery and knit goods works r'
\, ported in operation. The shipment of shoe
Va from the east in four weeks of October are
per cent less than last year against 32 per cen
er in September but against eight comparativel
Of small wooden mills starting five have stoppe'
,s Including one OF 5000 and another
90 1000 hands There is little sign
nc increase in the demand for goods I'll
Ia recent demand for worsteds has subside'
ly cothiers are doing hardly more than enoug
ra to prepare samples. The total sales OF wool
+ The chief markets including several millit
| DnNnuS ttlltNtt W ut Sp'tuldl'oli' nav wv
907 ,l52 pounds in three weeks, against sl,9''
OeO last year Two additional iron f,irnac
have gone into blast, and the output at Il
10 south may be little larger than at the hegl
2S ming of the month. Some rail- mills nave |
sumed manufacture. apparently to provide
bal future rather than present wants OF their CT
toners and there j. some addition TO the nu
res ber OF rail and wire w1klts and machine sho
employed. But the demand for most produt
sI,.sI 81. e
ns is small; steel lliet' "re catieu hIihef AZ ..
he ship t,1'"s We WI q" ,aai 1,,,,a
for II. 81 at Chicago. 1t is hoped shat moneta
.he ease and security may encourage railroad
rs tensions and more arr hitectural work. /
the shrinkage in demand is not wholly due
the state of the money markets, Lake copf
no IS sold at % cents Tin is a shade lower le
ed. suuoted at 80 cents, in spite of the sale
,es 5OJ tons. and spelter is iirmer only because
large purchases for export.
= The New York banks still accumulate mon
- and commercial loans are more largely ask
eu' and obtained. This enables merchants to "a
ast goods out OF bond, and may increase custo
ma receipts. which have amounted in tweuty-f
.,-, days OF October to Sl0,20sasl, against 1853
$50 for the full month last year. Apparen
os' the month. decrease will he about
Sti. per cent Internal revenue is proba
as better maintained in the same time, Sll 5U,
fla against sli573,7s6 for the same month
~, year The treasury gold fell to nearly SSH
ho OOo hut has since risen more than mill
ere pension payments decreasing.
e OF The number and magnitude of failures
,ods creased less than has been expected the
~. bilities in three weeks of October amount
to S5I 700 iaa, against about 100000 for
Stly same weeks last year, This week there b
by been 339 failures in the United States aga
ocls ls7 last year, and A in Canada agains' y
ing year,