The county record. [volume] (Kingstree, S.C.) 1885-1975, 1897-05-27
THE WEEK FfRADE.
Slight Improvement-A General In
crease in Loans is Noted.

Slight Improvement-A General In
crease in Loans is Noted.
Messrs. r. G.. Dun & Co.'S Weekly
Review of Trade for the week ending
on the 21st, says: UnmistakaHe evil
dence of improvement comes in the
general increase of commercial loans,
mostly for eastern merchants or COM
panies, though some well-known
houses in the middle west appear with
considerable rediscounts from the
South,
Not for long time have commercial
loans been fully half the whole. The
distinct change gives proof that new
business has been larger than many
have supposed. Receipts of money
from the interior exceed shipments ST.
500, 900, mostly from the mid
die west. Exports of gold have
no influence, and only signify
the willingness of Russia to pay price
for the gold needed The excess OF
merchandise imports to answer de-
mands for half year to come involves
the greater excess of exports when the
anticipatory movement ends and crops
begin to move, which fact renders
large outgoes of gold less likely, and
gives the country stronger position
in international market. Meanwhile
there is continuing increase, distinct
though gradual, in the volume of busi'
ness in demand for products Of manu-
facture and considering the time OF
wear, in movement of grain and pro-
duce.
Western wheat receipts exceed last
years for the week 1854, 1893 bushels
against l, 13S, $50, and Atlantic exports
we're 1,G7O,s1S bushels, -four included
against /, 3O2, 491 last year, andfo three
weeks AIS, 722 against 1886, $40, for
the same period last year. Western
receipts of corn were 1856, 611 bushels,
a gain of 1. .425, 671, aud Atlantic exports
9, 1873, S25 against ], 1,60S, so last year,
notwithstanding the enormous increase
hitherto. Wheat again cheated hopeful
buyers and fell nearly cents, closing
81 lower for the week. Corn was shade
weaker. Cotton once more hopefully
advanced to 7ic., but fell back to Il
with poor support here or abroad. Both
the volume of stocks and the condition
of domestic and foreign markets for
goods hinder advance, and later acreage
reports are better.
The iron industry has had an increase
in new business, though not in all
branches. Part was due to the rupture
of the steel beam pool, and the fall in
price from S1.55 to Sl.25, nominally
quoted, and some good structural con-
tracts were at once secured. Part ls
due to better demand for plates and
for pipe, of which one large contract
for Indiana fields was placed, and part
to growing needs for cars and vessels.
There is also some increase in rods
though the season for wire and nails IS
nearing an end, because OF an expected
pool cf irod mills. Lower Southern
freight rates marketed little
more iron at the North and Eastern
foundry is slightly lower with grey
forge only 49, 25 at Pittsburg. The
Carnegie works are now turning out 3, :
600 tons of rails daily, nearly all on old
orders, and exports of finished pro-
ducts increase. Sales of copper, said
to be nearly 10000 pounds, have stiff
fened the price to III for lake, and tin
1S3 cents, in spite of large arrivals.
though lead was weaker at s.. .25 and
tin plates at $3.50 Coke is also a
shade lower. Sales of wool decrease.
though still greater than when all
the mills were busy, but manu-
factures are doing scarcely anything,
most of their possible demand for
months ahead having been supplied.
Western holders begin to offer at | to
!! 1-2 cent lower than of late. Woolen
goods are dull, but prices are firm;
The strike of clothing hands somewhat
restricts the new demand. Cotton
goods are without change in prices,
print cloths still at the lowest on
record, and the demand is still indf-
ferent, with talk of temporary closing
of mills at the South.
Failures for the week have been 24S
i in the United States against 227 last
year. and 81 in Canada against % last
year.