The commonwealth. (Greenwood, Miss.) 1896-1923, 1897-05-27
DuN's COMMERCIAL REVIEW.

UnmistaksbLe Evidence Of Improvemsu
In Busin ess -Gensral Increase Of Con
mercial Loans Nostiy for Eastern Mer'
chants or Companies. but with Consider
able from the Middle w~est-Genercl Re
view Of Markets.
NEW YORK. May a2.--R. G. Dun 4
Co.'S weekly review of trade SAYS:
Unmistakable evidence of improve
ment comes in the general increase OF
commercial loans, mostly for eastern
merchants OF companies, though some
well-known houses in the middle west
appear with considerable rediscounts
from the south.
Not for a long time have commercial
loans been fully half the whole. The
distinct change gives proof that ne"
business has been larger than many
have supposed. Receipts of money
from the interior exceed shipments
81, 800, 900, mostly from the middle west.
Exports Of gold have no influence,
and only signify the Willingness OF
Russia to pay a price for the gold
needed. The excess of merchandise
'Nt'' w =" HS'e " al q
year to come involve agreater excess of
exports when the anticipatory move
ment ends and crops begin to move,
which fact renders lar &c outgoes OF
gold less likely, aud gives the country
a stronger position in international
markets.
Meanwhile, there Is n continuing in.
crease. distinct, though gradual, in the
volume of business in demand for
products Of manufacture and. consider
ing the time of year, in movement of
grain and produce.
Western wheat receipts exceed last
years for the week, 2,3S4, $50 bushels.
against LBS, Os6 bushels, and Atlantic
exports were l,670, Sl3 bushels, flour in
cluded, against 1902, 49I bushels last
year, and for three weeks ATS, 7a2
bushels, against 3,SS5, 910 last year.
Western receipts of corn were 1885,
677 bushels, against 1,495, GO bushels,
and Atlantic exports 2, lsS, S25, against
l'"OS, 74s bushels last year. notwith-
standing the enormous increase hither-
to.
Wheat again cheated hopeful BUYERS,
and fell nearly four cents, closing 81
cents lower for the week.
Corn was q shade weaker. Cotton
once more hopefully advanced to u
cents, but fell back to ~ cents with
poor support here Or abroad.
Both the volume of stock and the
condition of domestic and foreign
markets Tor goods hinder advance, and
later acreage reports are better. The |
iron industry has quite an increase in
business, though not in all
Part was due to the rup-
OF the steel beam pool and the fall
in price from l So to LES nominally quot
ed, and some good structural contracts
at once secured. Part is due to Il
better demand for plates and for pipe.
Of which n large contract for In
llama fields was placed, and part to
growing needs for ears an d vessels,
There is also some increase in rods,
the season for wire and nails is
hearing an end. because of an ex-
pool of rod mills.
Low southern freight rates marketed
} little more iron at the north and
foundry slightly lower with
ray forge only sS.25 at Pittsburgh.
The Carnegie works are now turning
5000 tons rails daily, nearly all on
I'D orders, and exports of finished pro-
luctS increase.
Sales of copper. said to be nearly co.
200, 900 pounds, have stiffened the price
o 1lS for lake, and tin rose to 49,
in spite of large arrivals, though
cad was weaker at 3.25 cents, and tin
at $50. Coke is also a shade
over.
Sales of wool decrease, Enough still
than when all the mills were
but manufacturers are doing
carcely anything, most of their posi-
dc demand for morthS ahead having
'een supplied. Western holders BEGIN
o offer at 1 to IA cents lower than of
ate.
Wooden goods are dull. but prices
re firm. The strike of clothing hands
Ierc somewhat restricts the new de-
nand. Cotton goods are without
hange in prices, print cloths still at
lowest on record, and the demand
5 still indifferent, with talk of tenn
'orary closing of mills at the south.