The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1897-05-29
DUN 8 CO.'S. TRADE REVIEW
New Business las Dtel Larger Than
Many Supposed.
QUITE AN INCREASE IN IRON INDUSTRY.
Cotton is More Hopeful-sales D,
Wool Decreased-Print Cloths SIN
at the Lowest on Record-A Do.
crease In Failures.

r. G. Dun & Co.'S, weekly review .,
trade says: Unmistakable evidence n
Improvement coming in the general in.
crease of commercial loans mostly io,
eastern merchants or companies througb
some we'll known houses in the middIa
west appear with considerable re.dis.
counts from the south
Not for long time have commercial
loans been fully half the whole. Thu
distinct change gives proof that new
business has been larger than mapv
have supposed, Receipts of money
from tho interior exceed shipments
81, 800, 900, mostly from the middle
west. Exports of gold have not inau.
cnced and only signify the willingness
of Russia to pay price for the gold
neended The excess of merchandise
exports to answer demands for half
year to come involves greater excessoi
exports when tho anticipatory move.
ment ends and crops begin to move
which fact renders large outgoes Of
gold less likely and gives the country
a stronger position in international
markets. Meanwhile there is a con.
tinuing increase OF the volume Of
business IN demand for products Of
manufacture and considering the time
of the year, in the movement of grain
and produce,
Western wheat receipts exceed last
years this week 1884 SS bushels
against 1. 738, $50, and Atlantic exports
were l, 670,813 bushels, flour included,
against 1902, 491 last year, and for
three weeks Ats, 1872, against 1885,.
go last year. Western receipts Of
corn wero 1865, 577 bushels, agains
1,494, go, aud Atlantic exports Q, 1888.
1876, against 1,60S, 748 last year, not.
withstanding the enormous increase
hitherto. Wheat again cheated hope.
full buyers and fell nearly cents, clos
ing 81 lower for the week. Corn was
q shade lower.
Cotton is more hopeful, advanced to
TIC, but fell back TO 7ic, with poor
support here or abroad. Both the vol
ume of stocks and the condition Of
domestic and foreign markets for goods
hinder the advance and later acreage
reports are better.
The iron industry has quite an in.
crease in business, but not in all
branches. Part was due to the rupture
of the steel beam pool and the fall in
price from 150 to 1875 is nominally
quoted and some good structural con.
tracts were at once secured. Part is
due to q 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 uneI
pected pool of rod mills. Low south.
ern freight rates marketed little more
iron at the north and east and foundry
is slightly lower, with grey forge only
1926 at Pittsburg. The Carnegie
Works are now turning out 3, 900 tons
rails daily, nearly all on old orders
and exports Of finished products in.
crease. Sales of copper, said to be
nearly 60, 100000 pounds, have stiffen
ed the price to III for lake, and tin
rose to 133, though lead was weaker at
1926 and tin plates Mt $50. Coke is
also q shade lower.
Sales of wool decreased, though still
greater than when all the mills were
busy, but manufacturers are doing
scarcely anything, most of their posi-
BILE demand for months ahead being
supplied. Western holders begin to
offer at to II lower than of late.
Wooden goods are better and prices
firm. The strike of clothing hands
here somewhat restricts the new de-
mand, Cotton goods are without
change in prices, print cloths still Of
the lowest on record and the demand
is still Indifferent, with talk of tempo
rarily closing of mills at the south
Failures for the week have been Z4o
in the United States, against 225 last
year, and 81 in Canada, against % last
year.