Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-08-07
TRADE AND COMMERCE.

r.. G. Dun g. Co.'S Weekly Review OF tho
State of Trade and Commerce In tho
Country - Imports Exceeding Exports
Midsummer Business Better than Usual
Speculative Markets Showing the IN
fueuce of Expected Currency Expansion
business Failures. Etc.
NEW YORK, Aug. Ar. u. DUN q
Co.'S weekly review of trade says:
Heavy exports of gold. S4,O00,o0) having
been engaged for Saturday, and the advance
of the Bank of England rate from 60 per
cent, have altered the monetary OUTLOOK io'
the present. Large realizing sales ny ioi
eign holders of securities naturally APP
peared, and caused weakness in stochs,
Notwithstanding the agreement or Western
trunk lines upon advanced rates for i've
stock dressed beef and provisions. Ino
Treasury circular inviting offers TO sen
silver bullion has been is sued and the price
has been rapidly advanced to 50o6 pence AZ
London, though OF late there nave oeen
large exports from this country AS the
new supply of silver notes is the chief re-
lance at present to compensate for the QUIZ
go of gold, the offers and the action OF the
Treasury upon them will be awaited with
interest On account of the South
American disturbances, the demand
for gold is likely to continue,
and the state of foreign trade Is not
such at present as to promise an early ar
rest of the movement. The merchanuise
imports have been very heavy; for -FOUR
weeks at New York, exceeding last years py
% per cent, or So so 1000, and yet the months
imports last year were about ST., 100000; but
exports from New York for four weeks nave
been s., 220, 600 less than last year, or nearly
9 per cent, and the months exports TINS
wear from all ports are but So, 2os.2l6. These
facts indicate a very heavy excess OF inn
ports for July Prices of commodities tend
steadily upward with expectation OF abun-
dant money, and have risen balf or one per
cent. during the week, and this movement
x.yil1 IN
ments of gold instead of prod
ucts. At almost all the interior
money markets, here, the rates nave
been moderate thus far, but the supply am
Pile, however. and the complaints OF slow
collections, though little more frequent
than of late, are comparatively rare. Ihe'
accounts of trade are almost uniformly sat
isfactory. For the midsummer season the
state of business Is better than usual. inc
iron business appears rather more conn
dent though no change can be observed In
prices. The wool manufacture changes but
little; the tone is not satisfactory. inc
DO OF and shoe business shows no weakness.
both leather and hides being firm and higher
in price. Fears of injury to wheat and corn
are caused by very numerous reports from
the Central Western States, though esti-
mates of yield of 100000,0OO bushels OF
wheat in the Da kotas and Minnesota ap--
pear well supported by detailed railway
reports. The conflicting local accounts ana
estimates helped speculation to a sharp
advance in wheat and corn, but
in both reaction has since appeared,
and wheat closes 3la cents lower
than week ago; corn about cents higher,
and oats unchanged. Heavy Western pack
ing causes some weakness in pork products,
and the fine crop reports from the South
help to lower cotton shade. In general
the speculative market show the influence
of anticipated currency expansion, but re
action would be natural IL outgoes of gold
at the rate of "a ,0JO, 900 in a week should con-
tinue to overDalance expected purchases OF
silver at the rate of 4500,00J ounces in a.
month. For some time to come the none
tary outlook will therefore be narrowly
watched, on account of its possible influ-
ence upon the course Of prices.
Failures during the last seven days: For the
United States, lei; for Canada, ~; total. 1879,
compared with 1893 last week. For the cor
responding week of last year the figures