Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-06-12
THE WORLD OF TRADE.

/
Weekly Report of II. G. Dunn s. Co on
the business Observation-Disclosures En-
coHraging, But Some Speculative Excite
ment Noticeable Based on Pending Sill
yer Legislation-C Crop Prospects Bright
ened-Ths Monetary Situation aud Bus
mess Failures.
| New YORK, June 7.-R. G. Dun & Co.
in their weekly report say:
All indications regarding legitimate busi-
! ness continue encouraging. At the same
| time there is renewal OF speculative eX-
| element based on the prospect that Il Silver
| bill will speedily pass both houses, and in
such form that executive approval can be
| expected. 1t is difficult at times to diStin-
/ 'guiSh between the merely speculative and
the more substantial Improvement but in
this instance there is no reason to doubt that
conditions are improving for prod uctlve in
dustries and legitimate trade. Crop pres
poets have frightened wonderfully, and
those who look for better times are no
longer forced to account for a hopeful and
confident tone in the face OF a short
crop outlook. The general average OF
prices has not been affected much as vet,
out has turned upward, and manufactured
products, with breadstuffs show a general
tendency to advance. The reports from
other cities are almost without exception
favorable. Boston notes not much change
but higher prices obtained for boots and
shoes. with even more advance in hides and
leather, and large sales. Wool is quiet and
! firm, but manufacturers are looking for
some advance on lightweight goods. Cot
ton goods hold the late advance and lumber
Is firm with good business Philadelphia
mas reported three mill failures in the
neghborhood. and So per cent. of the spin
dies there are idle. but the situation in wool
Is ore of waiting. Iron improves, coal
stiffens, the liquor trade is more active, and
leather and the boot and shoe trades are
pleased. In building May showed de-
cline of more than third from last
year Pittsburgh notes Improvement in iron
and no expectation of trouble about tho
new scale of wages. Cleveland finds trade
good and iron improving, and ut Detroit
trade brightens with crop prospects. In
general, throughout the West the rains have
made the outlook very much brighter, and
business everywhere improves accordingly.
chicago reports Il marked increase III
movement of all grains and meats, to-
Gether with better trade in dry goods, and
fairly good in boots and shoes, with good
payments in all. ST. Louis finds the stua-
ton generally favorable, with bank clear
ings exceeding all past records At Mill
waukee, st. Paul, Kansa. City and Omaha,
the Improvement in crop prospects Stinu-
lateS trade. At salt Lake trade is active for
Ghe season with real estate firm, and at
Memphis decided gain in cotton prospects
give new activity. The great industries
show clearly the general tendency towards
Improvement. In iron weakn ess appears
nowhere while advance in many quotations
is reported. Large sales of steel rails are
reported, with 5000 quoted here 4 mimi
mum. The wool manufacture does not i'm
prove clearly. but there is distinctly
more confidence that some Improvement
in prices of goods which are now subjected
to foreign competition may be realized if the
House Tariff bill passes the Senate also.
Tne speculative markets are generally
stronger. The monetary prospect in all
parts of the country is favorable to business
activity.
Business failures throughout the country
during the last seven days numbered: For
the United States, 179; Canada, %; total, POS,
compared with 2lS last week For the
responding week of last year the figures
were 200 il tile United States and - in Cam
u6a