Iuka reporter. (Iuka, Miss.) 1888-1894, 1894-03-08
TREND or TRADE.
Il. G. Dun Il Co.'s Weekly yeview Of the
Markets.


The growing demand for goods,
caused by gradual exhaustion of
stock held by dealers, has further en-
larged the working forces in manu.
factories, The passage of the Bland
bill by the house on Thursday has not
had time to produce much effect, but
is not financially reassuring. Moro
works have resumed or Increased
hands or hours than have stopped OF
reduced, but numerous reductions in
wages continue to lessen the purchas.
ing power of those who work. The
demand from distributors is almost
exclusively for medium or lower
priced wool and cotton goods, for
$3.50 and not for SO boots and shoes,
rather than both. Some statesmen and
traders find that stocks of higher
priced goods remaining on hand are
much larger than usual, and bankers
judge that much of the demand for
commercial loans is virtually for re-
newals TO carry such unsold stocks.
Sharp reductions in Indian Head
shcctings and Amoskeag tickings cause
larger trade, but print cloths arc ac-
cumulating and weak and several mills
of Importance have closed. In all
branches of wooden manufactures tho
demand is fat below the usual market,
but is somewhat improved in worsieds
and dress goods, and leading mills
have been taking wool quito largely,
80 that in the three chief markets the
sales have been 4,S9S,2 200 pounds for
the week, against 5, 10000 lart year,
in part because scarcely any foreign
wool has been imported for months
and supplies are short. Western mar.
keis are also broader, with improve
ment in prices
Considerable weakness appears in
the price Of metal products. notwith.
standing some increase in actual bust
ness. Moderate orders for cast pipe
have been placed and some large slruc-
tural contracts, with others expected.
Even in the Pittsburg region a little
over half force is employed, and only
IS per cent of the Connellsville coke
ovens are in operation. A few more
furnaces are in blast. There are
heavy transactions in lake ore at Pitts
burg, and it is said with ore at S2.75,
coke 80 cents and wages reduced 20
per cent, many furnaces san make iron
at profit, even at present prices.
The decrease. in domestic trade report
ed by clearings is 40.S per cent for the
week and 25.6 outside of New York,
little less than last week.
Imports of merchandise still show a
decrease OF 40 per cent, while exports
OF domestic products for three weeks
are 5 per cent larger than last car.
The most encouraging feature of
the weeks records is the continued
decrease in number and importance
Of failures. For the third week of
February liabilities thus far reported
are only $2.SS6, 546, and for the three
weeks of the month only $1I,420,4lS
of which $5.045 S47 were of manu-
fac uring and Sc, 29l $3.50 of trading
concerns. The number reported in
February is 1860, against 208O in Jan.
nary, and the full liabilities were
probably less than SIS ,000,000
against $50, o46,497 in January. In
November and December the amount
exceeded SGT, 900 900.
For the past week failures have
been 264 in the United States, against
FOG last year, and AZ in Canada,
against As last year, scarcely any be-
ing of much Importance.
THE GREAT ENGLISH PREMIER
To Lay Down the b rdcns of state So
Long nnd so WorthiIy Borne.
The Edinburg Evening News an
nounces that Gladstone has resigned.
The secretary of the "grand old man"
Gays the statement of the News is
"entire!y unauthorized" but he will
neither confirm the report nor deny
1t. Three London parers have pub
lished articles almost identical in sub
stance, indicating that Gladstone will
resign at ali early date, and it is said
that Inquiries confirm the report that
his resignation within few weeks is
inevitable. 1t was further stated that
he had intended to tender his resigna-
ton iN the house of commons on the
Goth ult., but was dissauded by his
colleagues. The condition of the
great premier's eyes, on one of which
cataract is forming, is one of the
reasons given for his desire to lay
down the cares Of public life. 1t is
considered probable, however, that
in his advanced age he has become
less impervious 10 the shafts of criti-
cism than formerly, ana that deeply
panied by evidences of ingratitudc on
The part of friends and political allies,
he has simply grown tired. The
Edinburg News says that Earl Spencer
will succeed to the premiership, but
the. London News Gays tho mantle will
fall upon Lord Roseberry, who was
doubtless Gladstone's choice.
Bill TO Remove the Utes.
The senate committee on Indian af.