The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1894-10-19


in Government Crop Reports Very CoR-
fuSing.
New YORK, Oct 1s.-R. G. Dun &
Co.'S weekly review of trade issued to-
day says;
business is still waiting for. the de-
We opnent of retail trade. There is
little better demand in some indus
tries, but not so great in others.
Wholesale dealers in nearly all
branches are halting because retail
business does not yet show distinctly
what it is to be. Lower prices for the
great farm staples and lower wages in
some establishments hinder pur-
ellases- for consumption, willis POI
litical interest and uncertainty also
have some retarding influence. Mean
while large imports and small exports
/. of merchandise, with inadequate en-
ployment of money here, are raising
the rates of foreign exchange so that
possibilities of gold exports somewhat
affect the stock market The halting
attitude for the moment is disturbing
to those who have looked for contin-
ued gain, though, rightly considered,
it is the natural consequence of con-
ditions which were to be expected at
this season.
The government crop reports are not
greatly trusted, and yet have an infiu-
ence to actually exaggerate the ten
dency toward lower prices, because they
are supposed to put ali the crops too
low. Men calmly reckon that if the
government report indicates over 400,-
900 bushels of wheat, the crop must
be over 500, 100000 bushels, and though
western receipts for the week have
been only AGO. ,075 bushels, against
G, ,335, sos last year, and Atlantic ex-
ports only 647, PA bushels, against 900,
564 last year, the price is slightly
lower. Corn has been strong, for
receipts are hardly quarter and
exports barely an eighth of last years,
and men question whether the actual
yield, if above the government esti-
mate, may not prove lower than has
been supposed. The cotton returns
are more confusing, but all point to a
yield SO far above that indicated by
the government that it's statement has
been followed by further decline for
the week of one-quarter. The receipts
thus far hardly encourage extremely
large estimates, and yet it is to be con-
sidered that the crop was later than
usual.
Reports from the different cities
show, as they did a week ago, that,
while extreme low prices for cotton and
wheat are checking retail purchases In
the west and south, there Is. neverthe-
less, a general gain.
Monetary movements indicate that
the expected expansion of interior
trade has not been realized, and the
demand for currency from this city
has materially slacl1ened. The de-
mand for commercial loans is veaker,
and per cent. is quoted for prime four
months paper.
Exchanges at the principal clearing
houses for the second week of October
are relatively smaller than for the first
week, exceeding those of last year only
81 per cent, while 21.5 per cent. less
than in 1892. The general average OF
prices is about per cent. lower than
year ago, though still somewhat higher
than in July last
The iron industry records larger pro
|
month this wear, but as prices are
gradually weakening because of insult
ficient demand for finished products,
some works are preparing to close OF
shorten time. A few good structural
contracts are reported, and two,
amounting to IS, 600 tons, for steel rails,
but, while combinations hold up prices
of rails and wire nails, the demand for
bal. iron is unsatisfactory, and Besse'
mer pig and steel billets are weak.
The season for boots and shoes has
been unusually good in number OF
cases shipped, but in value the de-
crease must be large, because of the
general preference of low-priced goods
1t is stated that 30 per cent. of spring
orders are for shoes selling at 81 or
lower, and heavy shoes have largely
taken the place of boots. Most shops
have orders for some time TO come, and
demands for immediate delivery are
still numerous.
The demand for cotton goods has ma
terially slacl1ened, and prices have be-
come irregular, although resumption
of work at Fall River and New Bed.
ford, with only per cent. lower wages,
indicates confidence in the future.
The wooden mills still have numerous
belated orders for fall goods, but the
demand for spring goods does not in
crease, although in nearly all the
Iower-priced products domestic makers
appear able to command most of the
business that exists. Sales of wool
have been 4,S77, ,949 pounds, against
2, 500, ASP last year, and 7,090,6o0 in 1892,
and prices are shade weaker for fine
fleece. Ohio selling at 17H cents at
) Philadelphia, but combing and terri
tory wool are steady.
Failure for the week ending October
4 show liabilities of $1,7I4, 276, of which
Ss05, ,s85 are of manufacturing, and
1892, 391 of trading concerns. The final
report for September shows liabilities
of only S7,307, ,124. of which s3,254, ,373
are of manufacturing, an d 50, 710,O92 Of
trading concerns.
The failures during the past week
have been 231 in the United States
against 293 last year, and 43 iM Canada
against AZ last year.
VIII Reform the Government of Corea.
LONDON, Oct. 13.-A dispatch to the
Central News from Toxic says that
Corea, being cleared of Chinese, the
opportunity has arrived for Japan to
undertake thorough internal reform
IN order TO carry out this reform the