The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1894-03-23
tEfipiNo DOWNWARD.

The Partial Resumption of Ma1ufaetur
ing Industries Marks Al Era of Com
noner Wares Adapted to the COnsurn-
Ing PuDlic-The Business Outlook. as
Depicted by Dun q Cos weekly Re-
view.
NEW YORK, March 17.-R G. Dun &
Co. S weekly review of trade, issued to
day, saysi
Week by week It is found possible by an in
ereasing number Of concerns to revive produc
tion with general range OF prices the lowest
| ever known As old stocks give cut orders fol
| feplenishment are Hfst for cheaper goods thar
have before been chosen traders therein rep
fesenting consumers who are COMPELLED or de-
sire to live n1or6 cheaply. Then the quanti-
ties ordered are much smaller than the indus
| tries have been accustomed to SUPPLY aud so
| far below the capacity OF the works that
| the competition drives prices in each
grade down to or fellow actual cost
/ squeezing out profits and forcing down
/ wages Yet the profits and the wages are the
/ fund from which future purchases for con
sumption must be made 1t is under such con,
/ dtttons that more works are gong into opera
/ ton, many with doubt how long they viii be
\ able to operate. Thus the Measure Of tesun1p.
/ lion by works or hands or hours Of labor L.
/ not measure of the revival in business.
/ either as to quantity or value of goods dis
| trihuted, ana prices of commo 1tttes are this
| week on the whole the lowest OF which there
/
/ Tuary and averaging 1l.3 per cent. lower than
year ago, 80 that more thar a third OF the de
crease In volume OF all payments is due to de
cline In prices of things consumed
Six more iron furnaces have gone into blast
| this month. in part because prices of finished
| products are shade lower, and further con
tracts have thus Eeen secured. Pittsburgh
/ gets the lions share, and has most of its works
| in operation. cheaper freights having helped
4 this work with lower wages and coke. and
contracts for Mesa ba ore at e. g. The Illinois
steel works are about to resume In part hav
| iBg secured orders for rails. but at the east
| rails are Inactive, and deliveries everywhere
are the 1oKest for many years. Cheap
| ness of material and labor stimulates
| the erection of many buildings, both
east and west Pig iron does not
change in price, but sales are somewhat
| more easy. More purchasing of copper for
| consumption is noticed; lead is d shade strong
| err. and SO is tin, because of speculation in
| London. The boot aud Shoe industry falls 1873
| per cert behind the record for the same week
last year, but owing to the almost unanimous
preference for goods of cheaper Qualities the
| decrease in value of shipments is greater.
| There is some Improvement in orders, and it
| is worth noticing that in this department OF
| business and in dry goods there is more nearly
the usual demand for woms s than for mems
goods. In women's dress goods, 1t is judged
| from sales OF WOOL the business Is about
| three-duarters or the usual magni-
tude, serges being In better demand
| But in men S goods not more than quarter of
| the usual orders for fall trade have yet been
received. Purchases are mainly of all-wool
| suitings from s7la cents to 81 in price, unfin-
lshed Tofsteds and cassimeTes net about 81 3,
| and fancy cheviots from 6712 cents 10 ST. i25a.
The demand is so large that sales of wool again
| exceed last years, and for the month thus
| far has been about 10000 pounds though IN
| February the decrease was 21.3 per cent
Cottons are generally steady, though good re.
suits have followed u small advance In Ian
| caster ginghar1s, and further concessions in
| brown goods are refused But stocks OF print
| cloths are the largest in March since 1885,
The volume of business represented by all
| ciearings this week is 81 , per cent less than
a year ago, and at all cities outside New York
clipper cent less against a.. per cent last
| week,
Railroad earning make better comparison,
falling but 1916 per cent. below last year for
the first week of March, against 49, per cent
| In February, but the gain is in part because
| trunk lines have cut rates and secured, for the
| FIRST week in a long time. a larger east
| movement than was recorded year ago. The
| west-bound movement is also larger in dry
| goods and groceries.
| Railway stocks have been remarxab bly, steady,
and have slightly advanced the past week.
Speculation continues rampant in trust stocks
4 affected By legislation. and the average has ad.
| vanced for the week nearly 80 cents per share.
| Speculation in products is somewhat tame.
though pork and lard have declined sharply,
| while corn is held steadily, with receipts 40
per cent. larger than year ago. Wheat has
| been depressed by the department report that
| tl4000,G01 bushels remained in farmers hands
! March 1, indicating very great errors in estf
mates of yield, or else heavy deer ease in con-
| sumption.
| Cotton has declined shade. and estimates
Of the crop are about 1900 900 bales in place of
| S600.000 solemnly repor ted not long ago
Monetary conditions have teen growing
more favorable, though it is impossible to say
how far they may be changed BIZ the riassage
| Of the seigniorage bill on Thursday. Some
nervousness in the market is seen already and
at least S1,250,0G0 in gold will be exported to.
| day.
| The treasury has been improving it's condi-
| ton, for while customs revenue this month
| have been Is per cent. less than last year,
there is some recent increase in internal reg.
| enue through removal of spirits from bond TO
| avoid higher tax With none OF the outgo
| from city banks, that is usual at this season,
| there is almost unprecedented want of demand
for commercial loans and for the best paper
per cent is quoted. Exports of products are
40 per cent above, and imports 5s below last
years for the month thus far.
Failures Tor the ffst week OF March we're
few. with liabilities thus far reported of only
s.. o25 ,3Ss. of which ss16.28i were of manufac-
turing and 81. l6i .270 of trading concerns. Ow-
ing TO large deferred statements. received too
late for use last week, the aggregate of liabiif-
ties for February has been raised to ST., s95 go
3e4 I'm the United States, against 100 last year;
and So in Canada. against 80 last year. The
absence Of important embarrassments Is stu
| INST