Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-07-17
THE COMMERCIAL WORLD.
The Weeks Business and the Outlook, az
Reported by X. @. Dun & Co.


Reported by II. g. Dun & Co.
NEW YORK, July 12.--R. q. Dun & Ca
in their weekly review of trade say:
In spite of the usual midsummer dulness,
aggravated this year by exceptionally hcs
weather, the volume ofIbusfness continues
larger for the season than in any previous
year, and in all quarters high hopes
stimulated by excellent crop reports. The
passage of compromise Silver bill by the
Senate helps to give encouragement,
though delay of action on the tariff ques-
ton depresses some important Industries.
Large exports of gold have begun, how
ever, owing to suspension of specie pay
ments in South America, and urgent de-
mands in that quarter for commercial me-
cessities. The Bank of England lost s., 100.
900 in gold last week the Bank of Germany
$4,000 and the Bank of France S1,245,0 )0, In
all s. ,S95 eco in a week, and it has been de-
cided to call over S5,oO0,0)0 gold from this
country, the first shipment being to-day.
with scanty reserve on which to begin tEs
fall movement and money light at Boston
and active in Philadelphia, and
in sharp demand in Chicago -
per cent. on call. The prospect is less
clear than it has been, though rates
comparatively steady. The Governments
crop report for July was very favorable as
to cotton, showing a better condition than
in any previous year for i've years, and saf.
isfactory as to wheat, the Improvement N
spring having nearly balanced the loss OF
condition in winter wheat. Corn is in fine
condition with small increase in acreage.
From many Northwestern cities special re-
ports show distinct Improvement in trade
because of crop prospects, which st. Paul
calls the best for years. The general aver
age of prices has advanced fully per cent
The more important branches of manufact-
ure show hesitation. Wool receipts aru
large at Boston. but many mills ling idle,
Ia dn d" not DuP lTeey ana SaHs
ness reigns, and Western markets ara
weaker, though still too high for tho
is seen for Improvement in prices
of goods and the heavy imports are
expected to keep prices down for the rest o.
the year. In the iron business the buoyancy
anticipated at Philadelphia does not APP
pear; there ard here pressure to realize
foundry at $3.50 and Southern at SIT and mill
iron especially weak. Rails for fall de!it-
cry are quoted at S3l, and while mills have
orders for some time to come, the present
demand for finished products is not large.
Pittsburgh notes no loss in price, but slower
movement. The traffic of railroads is still
very large-for the last week of June, about
per cent, and for the month about is per
cent above last year. while the fe" reports
for July show still larger gains. Definite
agreement to restore rates would give more
hope but for the reduction in rates threat
which the railroad officials declare will
take more money from the COM
panes than has been awarded in any
money Judgment since the world began.
This with monetary uncertainties, has
made stocks hesitate, and London has been
selling somewhat freely, but action on the
Silver bill causes a stronger tone, and it iS
observed that, in spite of their wars, the
railroads have not been swelling the list of
bankruptcies unusually, receiverships for
the haif-year covering but S41 G00,000 of
stocks and bonds of 1850 miles; while fore
closures for a half-year covered $92 100000
of stocks and bonds and $3.50 miles of road.
The steady growth of the country is Illus
trated in National bank reports, showing an
increase since 1880 of Sc per cent in number
of banks 81 per cent. in deposits and 80 per
cent in loans.
Business failures during the last seven
days numbered For the United States Us,
for Canada, %; total 1877. compared with
1879 last week. For the corresponding week
of last year the figures were 191 in the United
States and IS in Canada.