Iuka reporter. (Iuka, Miss.) 1888-1894, 1894-06-21
STATUS OF BUSINESS.
As Seen and Reported by IL. g. Dun
& Co.'S Review.


The strike of bituminous coal miners
will end Monday wherever the author
ity and advice of their general organi-
cation can end it, and there is little
room to doubt that the coal famine
will then begin to abate, Some time
must elapse, however, before supplies
of fuel will enable all works to re-
sumo that have no other reason for
suspending production. Meanwhile
the demend for products is so slack
that it seems questionable whether as
many hands will find employment be.
fore the end of June as were employed
in April.
The actual output of pig iron for
the week ending June was only g.
SIT tons, against 1876, 1872 April l, aud
Iva, 029 a year ago, but the reduction
of 24S, 552 tons in unsold stocks indi-
cate that a quantity nearly double the
output has been taken for consump-
tiont If there were orders to continue
manufacture at that rate resumption
| of over two-thirds of the full capacity
of works would not be long delayed,
but tho eastern demand is, on tho
whole, disappointingly small and i'll
the central region the termination of
the coke strike is essential, but not
yet assured.
AT the west larger demand and
greater activity appears aud heavy
business is likely To follow the removal
of the obstruction. The WOODEN mills
are closing rapidly. 1t is asserted that
scarcely any have orders 10 occupy
them beyond July in mems wear,
but in the demand for dress goods
somewhat better tone is perceived
Further concessions have not enlarged
the demand for cotton goods, and the
recent report that production has been
close to last years is said to be based
upon returns from only the more fort
innate mills. That goods are accumu
lating is evident, but sales have been
distinctly improved with the weather
Exports of domestic products il
May showed decrease in all the princi-
pal classes, excepting provisions, The
aggregate being $37 ,S23,712, agains
$44, 34l ,443 last year, but more thai
So 900 900 OF the decrease in value is
found TO be due to the fall in prices
Exports from New York for TIVE
Weaks of June have D.en Z per cent
larger in value than last year, while
imports at this point have been Is pc
cent smaller.
| Comparison of exchange with las
year alone are no longer instructive
but the daily payments through TIN
principal clearing houses for the frs
half of June have averaged $l2S, 260,
600, against $lG2, 700, 900 last yea
and $17l, 100,0 900 for 1892. OWN;
to the fall in prices about this tim
last year, comparatively little of til
difference in the aalue of payment
can now be attributed to the diticrenc
in prices of commodities, but it can
not be judged how much may be, ow
ing to the strikes and their conse
quences.
Gold exports have diminished
S2,250, 900 for the week, and sales 0
foreign exchange to mature about tn
end of July indicate some borro win
from Europe against products to b
exported. A little more commerce.
paper from jobbors is also found b
the banks, but the flood of none
from the interior has not ceased
though the time for movement {
crops draws near.
While business is narrow it is con
parativcly free from loss by failul
for the liabilities reported in failure
for the first week in June were ON
50 ,507 1928, of which $476,1l8 wei
manufacturing and Sl,S72,261 of trat
ing concerns. The aggregate liabili
ties thus far reported in failures
May were but $l3,5 1880, of whic
S5,140,025 were of manufacturin
and $6,9l2,302 of trading concern
The number of failures this week hi
he.n 232 in the United States, again
BIG last year, and forty in Canad'
against lhirty-four last year.
s-~Ns------