Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-02-10
WEEKLY TRADE REVIEW.


The Condition Of Trade Throughout the
Coantry as Reflected by X. q. Dun =
Co.'S. Weekly Review-The Success OF
the Bond Issue Promises . Fresh Inn
pctus tn Business. which. u showing
Gradual but steady Improyement-fsu
!. ures for the Week. Etc.
New York, Feb. 3.-R. g. Dun
Co. s weekly review of trade, issued 70
day, says:
A fresh impulse has been given to business
this week by the success OF the Treasury IN on
tanning gold for Its reserve thus strengthening
confidence in It's ability to maintain gold pay
ments The revenue had fallen on 80 mucn
and the prospects for the loan looked 50 I'M
favorable, until financial Institutions here de-
cided TO carry 1t through, that some anxiety
about the monetary future was natural IN
vestments in the ordinary sense have boon af
fccted very little. and while more demand for
time loans has appeared. the money market
can not be expected to change much with e3Aos'
OO0 900 cash In the banks and more coming
from the Interior while the treasury also II
compelled to pay out more than It now receives
In taxes.
/ Gradual improvement In business explains
| the appearance Of more commercial paper IN
tho market this week than has boon seen Tor
latien Of idle funds Is proof enough that Trade
has by no means regained normal proportions
Industrial recovery continues, though 1t Is but
gradual. In response to the demand Of people
whose consumption Mt the lowest Is greater
| than that Of any other country and more
mills are now at work. II Is we'll for the
country that speculation has not been stimu-
| lated thus far to dangerous ventures In any di-
rection, and the markets are unusually free
| from disturbing excitement Stocks have
been stronger since the result as to the bonds
was foreshadowed In spite OF continued SELL
ing on foreign account, which reached many
thousand shares in Union Pacific, and the
| slow improvement in railroad earnings.
| In fact, though earnings received for the
month OF January thus far are smaller by Ill
| per cent. than last year, less decrease than
| appeared In December, and the loss for the
| latest week is but SO per cont, the difference
| may be attributed to less severe weather than
| prevailed year ago. rather than to more per.
| manent causes On Granger and other west
| ern roads the decrease Is about 10 per cent,
and while southern roads gained In freight
earnings, the tonnage of western and trunk
lines is greatly reduced, and lighter than for
| many years.
All stocks advanced about IS cents per share
| In the average, and the new agreement OF
/
Other speculative markets have been almost
| stagnant. Wheat has advanced about one-hnlf
cent because western receipts were only l,448
40l bushels for the week. against q S93, 900 bush
| els last year--though there are no signs OF
material decrease In the enormous visible sup
| ply-and Atlantic exports dwindled to 4l4.sO
bushels for the week, against i40i AL last year.
Smaller receipts and exports Of corn have not
prevented a slight decline, and pork products
are dull without important change.
Cotton advanced a shade, but closed without
change, from last week, receipts from the
plantations exceeding last years, though less
than OF late, while exports continue larger
than year ago. Foreign consumption Is heavy,
| but American mills are taking much less than
| y year ago.
The market for cotton goods has better
TONE and more staples have been taken, par.
ticularly print cloths, with slight advance in
prices but all qualities are extremely low, and
scarcely any increase in the working force Is
seen.
Some decentralization is again reported In
| prices Of woolens fries having been reduced
in price, and trade In 0vercoatings Is not satis-
factory There Is more activity In suitings
since the date for new duties was deferred,
but not many lines OF the better grades are yet
on the market. Howard casslmers are quoted
are offered at q heavy sacrifice but there Is
more business In dress goods, and tapestry car.
pets are In better demand, while some lines Of
brussels have been reduced In prices Salos Of
wool are still small; for the week 4,550, 100
against e,178, 100 last year
Eastern trade in boots and shoes still hesi-
tateS, with Boston shipments 2s per cent be-
low last years: but western factories are re.
ported little better employed, about Is per
cent. below their full capacity.
Larger demand for structural iron and steel
for railway material except rails, for barbed
wire and especially for wire rails and wire
rods, gives better look to the iron industry
both east and west Chicago notes
distinct Improvement; at Pittsburgh bust
ness is larger though prices do not
gain: and oven at Philadelphia trade
is better both for pig and finished products
while encouragement Is found III the fact that
prices do not further DECLINE. Only four oi
the eleven stacks.of the Thomas Iron Co. are
in operation. and OF Connellsville coke ovens
(, $40 against O. 108 are idle. offers having been
made as low as s. cents. facts which indicate
that the improvement is not great as yet; but
there are reported heavy sales Of billets and
wire rods at slightly better prices Twoevnnts
Of some note are a sale OF bessemer pig at
Cleveland for go and the capture OF an or
der for sixty miles Of wrought iron pipe for q
Canadian company Ivy the American tube
| works.
Domestic exports for four weeks have beer
"A per cent lower than year ago, while i'm
ports have been 81 per cent. smaller.
Customs receipts for January were but Gil,
50AJS1, against &2i. 900 900 last year, and evi
IDENTIFY the success in the sale Of bonds is a
matter OF high Importance
Failures for the week have been 366 In the
United. States. against oa5 last year, and 5g II
Canada against &c last year, the list including
two Of over quarter OF million each.