The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1894-03-30

Profit, Causes a PerpIexing situation.
An Unsatisfactory Showing, the
Whole of the business Outloolx. Though
Not without Some Encouraging Fea-
lures.
New YORK, March 24.-R. G. Dun s
Co. IS weekly review of trade, issued to-
day, says:
It is perplexing to be Obliged to report that
business grows larger in volume, at the same
time not more profitable. Uncertainty does
not diminish, but has rather increased in the
judgment Of many commercial bodies which
have urged the president TO veto the seignior-
age bill. Prices OF commodities do not rise,
but are on the whole about l. 5 per cent lower
than last week, though then the lowest ever
known in this country, and 129 per cent
lower than year ago. No more gold has
gone abroad, and stocks average only 3
cents per 500 higher for railroads than
last week. and exactly the same for trust
stocks; but some foreign purchases and the
Intervention of holiday explain the steadi.
ness. More mills are at work. though the pro-
portion of productive force unemployed is still
from fifth to a third In different branches OF
industry, and many mills are stopping because
their orders have run out, even while q larger
number are starting with orders enough for
time. The prospect OF getting constant or
remunerative employment for works and
hands does not change The fact that orders
keep only part of the force at work, while both
prices and wages tend downward. though spring
is near at hand, renders present business
less profitable and the future less promising.
The starting OF four furnaces by the Illinois
Steel Co.. and one otherN at Pittsburgh in
creases the output OF iron. and some sales
have been made at the lowest prices yet re-
ported with indications of continued demand
for structural work, especially at the west On
the other hand the demand for wire in various
forms, which led the way to- Improvements,
IN md ma are
ing lower than ever. below cent A reduc-
tion Of so cents in freights from Pittsburgh to
Tidewater only adds to eastern while 1t takes
from western business. In minor metals busi-
ness Is little larger but at the expense OF a
furthur decline to 950c for lake copper while
tin is steady and lead shade higher
In shoes some concerns which have been
running on large orders for cheap goods find
their orders exhausted; butfor other medium
and low priced goods the demand Is improving,
and shipments from Boston for the month
thus far have been 1871 per cent less than last
year. Textile industries are answering the
growing demand for replenishment of stocks
with hand-to-mouth production, some mills
getting orders enough to start. and others.
which have filed orders in sight stopping
without trusting to future trade .s s~#
The demand for cotton goods is fairly large,
but with reduction in prices of some gradesi
and the accumulation of print cloths con-
tirues. large auction sale of silks brought
fairly satisfactory prices. Sales of wool for
three weeks have exceeded last years %. 9 per
cent, though the transactions this month
last year were about 40 per cente below. the
average. There Is more demand for such
wool as is needed in the manufacture of ufn-
| derweap dress goods and worsted, but dne
fleeces are almost sunsaleable, Ohio Xxx being
quoted at % cents, and carpet manufacturers
| buy sparingly. though about half their ma
chinery is active.
Wheat cotton and pork have declined alit
tie, wheat making another record shade be-
| low 90 cents at New, York. s. Corr WAS cent
stronger with western receipts ,S74, COS bush
| els, against .953,322 last year. @nr w e.rf
The termination of the rebellion in Brazil
opens a new. scope. of coffee which Is Peported d
very large but prices are as yet steady Cat
| tie are low abroad almost beyond precedent.
so that exports are retarded Some hope OF
cheaper coal is encouraged BY D reduction OF
rates on the Lehigh road to 40 per cent. of the
| price in NewaYorb barber, The volume of do
naestfc trade measured by clearings for the
week has been 81 lilo per cent. SIN Iller than
last year and outside New York I7.9per cent.
smaller, the decrease being there less but at
| New York greater than for the previous week.
There is encouraging increase, the first for
many months, in south bound tonnage from
| Chicago and at Indianapolis tn movement is
almost as large as last year. while west tbound
| tonnage of high-class merchandise is also
large. The accumulation OF idle money contin-
/
| enlargfng and the demand for commercial
loans is no better than it was March l. While
interior rates of exchange harden, the banks
here are again discussing the need of reducing
| interest paid on deposits. ts
| The treasury has been losing little of its
| balances lately customs receipts for the
month so far being only S9.076 $50, against SI5,.
645 878 last year, while internal revenue is also
shade smaller. With long delay In fixing the
| basis of taxation, treasury embarrassments
increase and since the Bland bill passed. the
| government bonds recently purchased are
quoted at prices below the cost with interest
| The failures for the week ending March Is
involved liabilities of only 81 55S,stS, and for
| the two weeks OF March only 81 1851 10, rot
| which So $50 PSI were of manufacturing and S.
| 446,O6o of trading concerns Some deferred
| reports win further swell the aggregate but
| at San Francisco the assumptions now. ex-
| ceed the failures. "A number Of railroad re-
| cefverships are noticed though none Of irnpor-
tance. The failures this week number pa in
the United States. against 2l7 last year; and
| 30 in Canada. against 20 last year 1t is note.
worthy that Canadian failures are considera-
| bly, increasing.