Iuka reporter. (Iuka, Miss.) 1888-1894, 1894-05-10
,.;sNFIDENcE PREVAILS.
.,.vx.. Financial stress Alb oud Cuts
~ peInnnd For Our Products.

.,,vx.a. Financial stress Alb oud Cuts
an Demand For Our Products.
Il. q. Dun 81 Co.'S weekly review
says: The past week has seen events
which would suffice TO cause or to ex-
plain much disaster; strikes of nearly
all the bituminous coal miners and
coke workers, with numerous riots;
strikes of many thausond men in 9TH
er employmenIs stoppage of many
manufacturing works in consequence;
arrest of traffic on several great rail
roads by lawless proceedings and the
tramping of DISCONTINUED men, in all
numbering several thousand, towards
the national capital in the hope of
controlling legislation; the lowest
price ever known for wheat, and al
most the lowest price known for com
mo1ities. as whole; exports of So
900, 900 of gold. Instead of abnormal
ly cheapened products, and the fall OF
the treasury gold reserve below the
800, 000. 200 limit, are significant of
widespread difficulty. Yet the vol
ume of business is but 3l.3 less than
year ago. In some directions signs
of improvement appear even now,
and the sublim faith of the
future is shown in the general belief
that the strikes and disorders will
quickly disappear.
1t is also important that prices OF
iron and steel product promptly adj
vanced in answer to the stoppage of
some works through stikes indicates
that the recent improvement on that
apparent demand was of substantial
character. At Pittsburg and Chicago,
Philadelphia and New York prices
have steadily advanced, although IT.
regularly, and in bar iron quotations
appear shade weaker. Bessemer
pig has advanced rs cents TO 81, steel
billets 81 to ST. 80 and plate and structur
al iron and steel and wire rods are
stronger. Many reason that the ad-
vance may be maintained, at least for
time, because the cost will rise if
the strikers succeed, and if they fail
because of the demonstrated existence
of demand substantially equal to the
full production of the works thus far
started.
The money markets have not been
disturbed by the large outgo of gold,
which was taken mainly from the
treasury through notes, Continued
flow of money hlther is not sign of
health, nor the outgo of gold instead
of wheat at 81 cents or cotton at 7.31
cents.
The demand for commercial loans
for the better class does not increase,
but there are more numerous applica-
tons on questionable paper from the
interior. Customs receipts were only
$10,l76, 691 in April against Is, 4l6, 1913
last year, and are not likely to increase
while The tariff changes are pending
Exports of products are declining. the
decrease in April being 90 per cent
larger than last year, aud the decrease
in imports is about 33 per cent
The most encouraging sign is the
marked decrease in liabilities of firms
failing, which were only $1,443, IA
for the last woek of April, and for
four weeks $780, S7, of which
$3,722,2 20 were of manufacturing
and 81, 644, 367 of trading concerns.
The amount of liabilities at the south
was $2,919,419, against IS, ,032 in
eastern and S2,692,257 in western
states.
The failures this week have been
233 in The United States, against 219
last year, and So in Canada, against
W last year.