The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1894-12-14


Again Commenced.
NEW YORK, Dec. s.-R. G.. Dun g.
Co. IS weekly review of trade issued to-
day says:
IT is difficult to detect any change in
current business. Prospects for bust
ness after January are quite gener-
ally considered more hopeful; in some
branches there are larger orders and
the west-bound shipments of mer-
chandise are a little larger. But the
working force is naturally diminished
near the end of the year. and the holi-
day traffic brings just now temporary
activity which is no. of much general
significance.
The meeting of congress and the an
nOuncement of the new currency plan
and of various bills proposed, have not
affected the situation perceptibly.
Payments for bonds have been COM
pleted without disturbance, but did
not prevent the shipment of some gold
to Europe to-day. On the whole, agri-
cultural products are scarcely stronger,
and wages of labor do not advance.
but there is reason TO expect the en-
plOyment of a somewhat larger work
|
The expected government report on
feeding of wheat to cattle and hogs
has scarcely influenced the market.
10 is doubted whether the estimate is
more reliable than the estimates of
the yield of wheat and cotton, which
arc not regarded seriously. The re-
ceipts of wheat arc larger than year
ago and the exports smaller, but for
eign accounts, particularly as to the
Argentine crop, have helped an ad-
vance of IA cents Estimates of the
winter wheat acreage indicate an in
crease of 10 per cent, with a condi-
tion somewhat be tier than last year.
Although corn receipts have been
much larger than year ago, and ex-
ports not one-siXth as large, the price
has changed but little. Cotton has
fallen again to SO cents, very close to
the lowest point for many years, and
actual receipts from plantations are
larger to date than in 1891, when the
crop was over 9, 200, 900 bales. Neither
abroad nor here are there indications
as yet of more than an average con-
sumption.
The iron industry seems to have dis.
tinctly brighter prospects at Chicago,
where pig iron is frmer and bar in
larger demand because of orders for
freight cars. But Bessemer iron has
sold at S1O.25 at Pittsburgh, steel rails
have been reduced to So there and
wire rods and nails weaker. A COM
parison of prices there and at
the east shows the lowest aver
age yet recorded; taking prices
of October, 1880, as 100, quotations
have fallen to 50. : and are so far shaded
that substantially half the price has
been cut off within four years. South
ern works are offering iron here and in
New England at very low figures, and
| though a somewhat better demand APP
pears for finished products, it is SO far
below the output that the competition
leaves scarcely a profit.
Heavy sales of shoes during the past
two months at prices said to be to ~
cents lower than recent prices of
leather warrant, cause a general effort
for an advance, and some jobbers have
conceded ~ cents on women'S grain
and buff shoes, but others protest that
no advance is possible, and have cut
down or withdrawn their orders. Or
ders for next season are quite encOur
aging as to quantity. but it is claimed
that few can be filled at profit and
leather seems firmer with no prospect
of decline.
The wool manufacture, judging from
sales at the three chief markets since
September /, has been doing per
cent. more than last year, but 81 per
| cent. less than in 1892, and the average
of 1O4 qualities of wool quoted by
Coates Bros. is 1879 cents, the lowest
ever known, and II per cent. lower
than in 1892
Manufacturers are receiving more or
ders for spring, and still have consid-
cradle demand for heavy goods par
ticularly for overcoat goods on account
of change in the fashion, and there
is much confidence expressed that they
will be able to continue production at
about the present rate after January /.
| The cotton manufacture shows no
material change, though the demand
! for spring is very backward.
| The money market has not i'm.
! proved and the drift of idle money
hitherward is as large as at any time
| this year. A remarkable statement
/ shows that treasury transfers of money
| have been almost exclusively to New
| Orleans, 81, 375, 900 in October, against
| $685. 900 to all other points, and So, 49,
| 600 in November, against S2O3, 900 TO all
other cities. Commercial loans show
no increase whatever, and heavy sales
| of American securities by London this
! week have advanced exchange to the
shipping point, SO that S1,25O, 900 gold
will be exported to-day.
The liabilities in failures for the last
week of November were s., OBS, 4O7,
against S2,9O4, 476 for the same week
last year, but the decrease was wholly
in manufacturing liabilities, S427, GA,
against 81, G57, O27 last year. while trad
! ing liabilities were 81, SCI, 34s, against
| 81, POS, 449 a.. last year. For the four
weeks of November the aggregate was
$40, 5s1 1913, against $50 s41 62l last year.
The failures this week have been $50
in the United States, against Ss5 last
year, and 10 in Canada, against AZ last
year.
WILL PROTECT THE INDIANS.
military Mon Say that Settlers and Cow