Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-10-23
MONEY AND BUSINESS

The State of the Financial and CONNER
ciai Interests of the Country as shown
by Il. q. Dun & Co.'S. Weekly Review
Business Failures for the Week.
New YORK, Oct. 1s.-R. G. DUN &
Co. s weekly review of trade says:
In all directions the business outlook i'm
proves and the volume of trade SO increases
that, notwths landing the recent enormous
increase of circulation, the money markets
are growing stringent. Exports have be-
come remarkably large, and the domestic
trade is such that exchanges outside New
York exceed last years by 10 per cent. But
while New York and Boston money mark cts
are fairly supplied and steady at to per
cent, the market is tight at Chicago and
stringent at Philadelphia. ST. Louis notes
an active market at to per cent, Milwau-
kee a close market at and Savannah
tight market. At Cleveland and Detroit
the markets are rather easier; at Kansas
City firm; at Denver good demand is we'll
supplied, at Omaha the market IS easy
and at Pittsburgh there is good
demand without stringency. The Bank
of England has not raised its rate and for
eign exchange here has yielded from "a. SJA
to 81. S5s4. Trade is strong everywhere. at
Boston wool is rising, sales being All, 900
pounds for the week. At Philadelphia wool
is more active and slightly hi CHER Chicago
reports smaller receipts of grain, cured
meats and dressed beef, than a year ago,
but ST .shr increase in lard and double re-
ceipts of WOOL st. Louis merchants are ad-
justing themselves to new tariff conditions
and trade is strong. At Cleveland and Mil
waukee bad weather has retarded trade,
which is nevertheless fair At st. Paul,
Omaha, Denver and Kansas City, trade is
good; at Minneapolis the flour output de-
clines to- $50 barrels. but wheat receipts
were 500 600 bushels. At Pittsburgh the iron
and glass trades are active with prospect OF
an advanc, in window glass, and at Savan-
nah trade is brisk and cotton receipts 59,4l4
bales. The increase in output OF pig iron
in September, according to the Iron Age
port, was "A per cent. and the weekly out
put 49, 264 tons, ID 6 per cent. larger than a
year ago Yet four more Virgin ia furnaces
are about to begin work within few
weeks, with a capacity of 3, 800 tons weekly.
There more sales of pig at Cleveland.
and all manufacturers in iron have large
demands. At Philadelphia the steadiness in
pig iron is encouraging, though Bessemer is
weak, but all finished products are in
New York Is the sale of 1ennes.
iron, Lucy or Ensley brand aud
strict No. / foundry at $l625 per ton.
Speculation in wheat has made further
progress this week, the price rising Il2 cent
on small sales. The new tariff has caused
advance in prices on some kinds OF
goods which, together with the rise result
ing from partial failure of crops, has moved
up the general level of prices materially.
though less than one per cent. on all COM
modities since October2
The business failures during the last seven
days number: For the United States, 1893;
for Canada, 20; total 227: as compared with
q total of 2l5 last week aud 1877 the week
previous to the last. For the correspond
ing week of last year the figures were 223
representing lS2 failures in the United States
and Al in Canada.