Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-09-08
DuN'S COMMERCIAL REVIEW

ihe Long -Looked-For Improvement in
BUSINESS Yet Remains Thing OF the Flu.
ture-Business, II Good in Comparison
with Last Year, Is Stili Poor when Com.
pared with Former Years-So boom Ex.
pectcd.
NEW YORK, Sept. 1.-R. g. Dun IS
Co.'S weekly review of trade issued To-,
day says:
The activity which came with OK.
hausted stocks and the pressure of de.
layed faii demands, and was increased
ny the removal of uncertainty about
the tariff, has continued with heavy
entries of foreign goods since the bill
became law. But the people who
know best are saying Improvement
Will come, rather than Improvement
has come" The gain is not yet what
has been expected, and business, if
good in comparison with last wear, is
still poor in comparison with years pre-.
ceding.
August has ended but the interior
demand for money still merely bal
ances the receipts OF superlluous cur
rency from eastern points, although
crops are moving quite freely. The
recent material increase in demand for
commercial loans appears to have been
due to payments for sugar imports,
for whisky taken out of bond, and for
imported goods taken out of the Gus
tomhouses, and has dropped off
sharply. The unavoidable conclusion
is that the desired increase in domes-
tic distribution has not yet reached
such proportions as to influence the
loan market.
Imports will be large, it is cle..r, but
for the past month have been ) per
cent less than year ago, and mean.
while exports of domestic products
from New York for the month have
been S2,6l9,597, or per cent. smaller
than last year. Europe sold securities
here for some days, and August earn
ings are IL per cent larger than last
year, but 1i.3 per cent. smaller than
1892. Passenger business last year was
heavy, and decreases this year 1876 per
cent on roads reporting. against an in
crease OF 49, per cent in freight earn
ings; but the cast-bound tonnage from
Chicago was ls9,7ss tons in four weeks
ending August %, against 100, 7si last
year, and 207, G9j in 1892,
Wheat moves largely. buf western
receipts We're 5,762,777 bushels for the
week against 2,923, 9Ol last year, and
for August $500 600 bushes against
l5,5o0,00o last year, which does not fit
short crop predictions. Atlantic ex-
ports for the month have been only a.
100000 bushels against $4,000, 900 last
year, and the price has risen shade
during the week. Receipts of corn are
only ,423,5o3 bushels against 3,i60,6
for the same week last year, while ex-
ports are insignificant, and the price
has advanced 81 cents, while pork has
risen % cents per barrel, and lard IS
cents per 100 pounds.
Fears of frost, the crop being late,
are urged as a reason for quotations
otherwise .unwarranted. Cotton has
declined an eighth for the week, but
the year closes with every indication
of a yield materially exceeding the
| worlds maximum consumption of
American and with 1.600, 600 bales of
cotton in sight, If all the mills were
running full force the situation would
not promise much. The mills are not
running full, though the stoppage at
Fall River looks every day more like
an effort of the operatives to force
curtailment Of production in or
der to lift prices and make re-
ducton of wages seem unneces-
sary.
The demand for products of iron and
steel has increased, but prices tend
downward where any change appears,
as there is not enough business yet to
employ the works in operation. Steel
bars are sold atone cent in Pittsburgh,
wire nails at Los. with bessemer iron
at ll.65. Several additional furnaces
have gone into blast An encouraging
sale of 40, 900 bundles of cotton ties in
competition with foreign ties, duty
free, is noted.
There is Il better demand for struc-
tural work, though one consdera BILE
contract for Cuba was broken off by
the advance in Spanish duties.
The boot and shoe manufacture still
finds highly encouraging orders,
though almost wholly for low grade
goods, so that sales of leather in all
markets are notably of thirds or other
qualities below the best. Shipments
from the east are not only larger than
last year, but for August were S55,si4
cases against sos, 494 N 1892.
Marked changes in tin, which sells
at 1876 cents. and in lead, which is
quoted at SO cents, arc due to tho
change of duties, and tin plates sell at
IS to so cents per box below recent
quotations. Glass manufactures are
demanding reduction of 40 per cent.
in wages, which the men, though will
ing to accept 20 per cent, have re.
fused.
The volume of trade shows gain
over the worst month of last year. ex-
changes at the principal clearing
houses gaining s.3 per cent. for the
month, but are 2l,5 per cent. lower
than in 1892. The average of prices,
all products considered is but per
cent. lower than in 1892, and not quite
per cent. lower than last year.
Failures are still few and small.
For the third week of August reported
liabilities were S2,916,5ls, but for three
weeks only Ss,o14,47O, of which Ss,s45,-
33s were of manufacturing and 80, 1884,
414 of trading concerns The average
was only Sl1,59l per firm failing.
The failures this week have been 1888
in the United States against 1856 last
year, and 40 in Canada against 80 last
year.
The Case of Edward T. Adams, Convicted
Of Musder In Mexico.
WASHINGTON, Sept. 1.-The depart