Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-10
WEEKLY TRADE REVIEW.

The State OF Trade Throughout the Coun-
try as Reflected Through X. q. Dun .
Cos Weekly Review-A slowly -Growing
Demand for Goods, Indicating Gradual
Return OF Confidence business Failures
Showing a Gratifying Diminution.
NEW York, March y.-R G. Dun &
Co.'S weekly review of trade, issued to-
day, says:
With no more definite information than /
week ago regarding the outcome OF the imam
ciaI and revenue disputes perhaps more peo-
pie have come to the belle. that the end will
answer their wishes Certainly rather more
are taking limited risks in business. especially
In stocks II Is usually good plan for prac.
teal men to rely little on impressions which
are assiduously fostered in speculative cir
cles, where people rarely labor TO lit prices
OF things they want to buy. A more isubstan.
tal basis is the slowly-growing demand for
goods caused by gradual exhaustion OF stocks
held by dealers. and this has further enlarged
the working force In manufactures.
The fall OF silver 10 27A pence and below 60
cents here, and after slight recovery Ia re.
newed weakness Lave an unfuvorable tnnu-
ence on the markets. The announcement that
import duties are to be imposed by India, II
confirmed may Increase the difficulty. The
passage OF the seigniorage ill by the house
late on Thursday has not had time to produce
much effect but is not financially reassuring.
More works have resumed or increased
| hands or hours than have stopped or reduced,
but numerous reductions In wages continue to
lessen the purchasing power OF those at work.
Sharp reductions in Indian head sheetings
and Amoskeag tickfngs cause larger trading
but print cloths are accommodating and weak,
and several mills Of importance have closed.
In all bran ches Of the woolen manufacture the
demand is yet far below the usual mark. but II
| is somewhat improved in worsteds and dress
| goods, and leading mills have been taking wool
quite largely, so that in three chief markets
the sales have been 4.s9s o0) pounds for the
week, against 5, ,la6,2 200 last year, in part be-
cause scarcely any foreign wool has been I'M
| ported for months and supplies are short.
| Western markets are also broader without i'm
proyement In price.
Continued weakness appears In prices OF
| metal products, Notwithstanding some In.
crease in actual business. Even in the Pitts.
burgh region little over half the force is en-
| poyed. and only 81 per cent OF the Connels
| vile coke ovens are yet in operation A few
more furnaces are in blast; southern pig is
weaker and 5000 tons OF southern warrants
have been taken by English holders, who now
have 5000 tons There are heavy transac.
| tions in lake ore at Pittsburgh, and 1t is said
that with ore at s2.75, coke at 81 cents and
wages reduced ~ per cent, many furnaces can
| make iron at profit even at present pricos,
Minor metals are weaker tin in part be-
cause Of the fall in silver and dsorganizsd
eastern exchanges, and lead because OF ex.
| pected legislation,
| Shipments of boots and shoes from Boston
| show decrease of only per cent for the
| there is more buying. but almost exclusively
of medium or low priced goods.
| Speculative markets are more active and
| stocks stronger railroads having advanced an
average of - cents, and trust stocks % cents
mainly on Thursday. Receipts and exports OF
wheat for the week have been about one half
| OF last years while there Is great increase
both in receipts and exports Of corn, but
scarcely any change is seen In prices Of these
or o. her products.
| Cation receipts for the week are still slightly
above last years. The fall in silver and the
closing OF some mills hinder rise In prices
| The withdrawal of deposits from New York
| savings banks OF late have been unusually
| large, and these banks have generally raised
their rate Of interest to per cent.
The most encouraging feature OF the weeks
| record is the continued decrease in number
| and Importance OF failures Tho failures dur
| ing the past week numbered, IN the United
States, 26i, against 2j6 last year; and Canada
y, against IS last year, scarcely any being o
much importance.