The Dawson news. (Dawson, Ga.) 1889-current, 1894-09-12
TRADE TOPICS.

Dun IL Co.'s Report OF Business Tor
the Past Week.
r. G. Dun & Co.'S Review of Trade
for the past week says:
'"The activity which came with ex-
hausted stocks, and was increased by
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 say
ing 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 year, is still poor in compar-
ison with years preceding. Presum-
ably there has not been time to feel
the full effects of the change, and
gradual gain will be more healthful
and encouraging than aspasmodie rise,
but the expansion of commercial loans
has suddenly ceased, prices of manu-
featured products show weakness rath-
er than strength, and there has been q
reaction in the stock market.
august has ended, but the Interior
demand for money still merely bal
ances the receipts of superfuous 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 i'm
ported goods taken out of the custom
houses, and has dropped off sharply.
The unavoidable conclusion is that the
desired increase in domestic distribu-
ton has not yet reached such proper
tions as to influence the loan market.
''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 order to lift prices and
make reduction of wages seem I'M
necessary. So far, print cloths have
advanced quarter, bat without cor
responding advance in other goods,
and while the demand is encouraging,
it does not compare with years before
the last. Neither in cotton nor wooden
mills has there appeared this week an
increase in production. In wOolens,
orders for spring goods of certain
qualities have been quite large, buy
ers concluding that prices are about
as low as they will be. 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
operations. Steel bars are sold at l
cent at Pittsburg; wire nails LOS
cents, with bessemer iron at $11.65,
several additional furnaces having
gone into blast. An encouraging sale
of 10000 bundles of cotton ties in
competition with foreign ties duty
free, warrants the hope that current
prices in other branches may be low
enough to meet the coming rivalry,
and sale of mesaba ore at 81. % de-
livered at lower lake ports is reported.
''There is better demand for struct-
ural work, though one considerable
contract for Cuba was broken off by
the advance in Spanish duties.
''Failures are still few and small.
For the third week of August reported
liabilities were 81, 976, 518, but for the
three weeks only $8,214, 47O, of which
32,845, 1913 were of manufacturing and
So, 384, Ala of trading concerns. The
average was only $1L-5 21 per firm fail
ing. The failures this week have been
188 in the United States, against 356
last year, and 40 in Canada, against 20
last year"