Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-09-11
THE COMMERCIAL WORLD.

The Weeks Business and the Outlook, a.
Reported by r. G. Dun s. Co.-Trade
Generally Good with an Easier Feeling
in the Money Market-Business Failures
Etc.
NEW YORK, Sept 6.-R. G. Dun &
Co. s weekly review of trade says:
Another large faiiure-that of Sawyer.
Wallace 4 CO. comes at II time when the
seffects of the Potter Lowell failure at Bos-
ton proves more disturbing than was ex-
pcct ed. 1t is not believed that the joint eff
fects of the two failures will be much felt in
legitimate trade, but the speculative mar
kets are affected. o her conditions are all
more encouraging. The Treasury has an
nounced a secon purchase of S2l,0)o,000 II
per cent. bonds. and has disbursed during
the week at New York S7,930001 more than
it has taken in, and while the Bank of France
has lost nearly S20]00I0 gold, the other
continental and London money markets
are undisturbed Foreign exchange
has risen from 4S5 to 1854, but
the money market is fairly supplied on
call at per cent, and there is no unusual
pressure in the commercial loan market.
The prospect of speedy action on the Tar Fl
bill in the Senate and onsiderably better
Sales by clothing dealers, have made the
wool manufacturers more hopeful, and pur.
chases of wool are larger at Boston, reach
100000 pounds. The dry goods trade Is de-
cidedly larger than last year, with better
movement OF heavy weight woolens and
orders continuing for low grade goods. In
cotton the demand is full and prices well
sustained The iron manufacture is also
more promising; but pig iron is kept low
by the heavy supply. Copper is stronger at
IL cents; tin rising at % cents and lead
strong at $3.50. 1.-THE anthracite coal
trade from all parts of the country are en-
couraging this week. At Boston the money
market is pretty stiff. At Philadelphia the
liquor trade is active, chemicals in fair de-
mand and drugs and tobacco quiet Chi
cagO reports smaller receipts of grain than
last year, except barley, decrease of half
in dressed beef, because of the stock yards
strike. and a large decrease in butter, but an
increase of 35 per cent in cured meats; 200
per cent. in lard, and heavy increase in
cheese and wool; while merchandise, and
especially dry goods sales, much exceeds
last years. st. Louis notes good trade in
nearly all lines. Cincinnati finds business
favorable. Trade is fairly good at Cleve-
land; encouraging at Detroit; better
than was anticipated at Milwaukee;
unchanged at st. Paul, and fair at
Kansas City. From Jacksonville there
come brighter reports; at Savannah BUSH
ness is brisk, receipts of cotton for the week
beng 21,30O bales The speculative mar
kets are lower. 1t is the prevailing belief
that the second order by the Treasury to
purchase bonds insure5 fairly easy
money market for the fail. The volume of
money in circulation Increased i4,30 600 IN
August, and is S45 100000 greater than year
ago.
business failures occurring throughout
the country during the last seven days
numbered, for the United States. 1917; and
for Canada. &c; total, 213; compared with a
total of 1e9 last week. For the correspond
ing week of last year the figures were pol,
representing ia failures i'll the United
States, and q in Canada.