Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-09-04
TRADE AND COMMERCE.

1
r. G. Dun s. Co.'S Weekly Review Relief
In tho Money Market and an Improved
State of Business-A Reaction in Specn-
| 1ative Operations-With Some few Ex-
| captions the General Outlook is Pronlis-
ing-Business Failures, Eft.
New YORK, Aug. 30.-R. G. Dun &
| Co. s weekly review of trade says:
| The great relief in the money market here,
| caused by Treasury purchases of 4ia per
! cent. bonds, the refusal of the Labor Fed
Grafton to take up and extend the strike on
the New York Central railroad and the pros
pect that the Senate will soon reach final
action on the Tariff bill have all tended to
improve the state of business. At the Same
time better crop prospects have brought
distinct reaction in the speculations which
most retarded exports. Thus, while the
volume of domestic trade continues greater
than in any previous year at this season.
bank clearings for August outside this city
exceeded last year by q per cent. and the
outlook for the future is clearer and
brighter. A large failure of note brokers
at Boston caused some nervousness. but is
unlikely to produce other disasters. Wool
sales at Boston reached 3,C05. 600 pounds,
and many mills have used territory warp
for fleece wool in use. The mark ct for fleece
has been weak Better orders for wooden
goods are reported by the mills. particu-
larry in mems wear and dress goods. A fair
trade continues in cotton goods and the
manufacture Is encouraged by fall of five
Fights of Il cent during the past week in the
price of middling upands Copper is f1rmer
again after large sales at II cents. Tin has
advanced one half of cent and lead Is
stronger at 81 20 The boot and shoe trade is
large and active. the higher prices required
by the advance in material being obtained
with less difficulty but tanners are taking
hides less freely, believing in lower
prices. The past week has witnessed some
further improvement in the demand for
manufactured forms of iron and steel plate
and structural mills are being crowd ed with
better prices in some cases. But the pig
iron market, according to private accounts
from Philadelphia, is badly disorganiZed at
present and is not stronger here, the doubt
whether production has not much exceeded
the demand affecting the actions of buy
ers. Accounts from other cities are even
more favorable than usual, excepting to
money markets Boston notes especial ac-
tivIty in leather and firmer prices in lum-
Der. Chicago reports money plenty at per
cent on call, and collections easy; a better
trade than last year in dry goods and cloth
ing; reduction of IS per cent. in stock
yard business since the strike; decrease
OF so per cent. in wool compared with last
year; 20 per cent. in butter and steady de-
crease in dressed beef, but large int crease IN
cured meats, lard cheese, cattle, hides and
100 per cent. in hogs st. Louis has a
fair volume of trade. and Milwaukee
notes rapid absorption of money
Dy gram movement at increased
prices. At Detroit, Cleveland, Omaha and
St. Paul trade is satisfactory and at Mime
apoliS the flour output is ITO, 900 barrels and
the lumber trade is firm. At Kansas City no
change is noted; at Pittsburgh u demand
for manufactured iron; the window glass
works have agreed to resume September Is.
Savannah reports brisk trade and Jackson
vile reports much discOuragement; at
Atlanta trade is good and the outlook very
promising. There is still some doubt
whether the future of the money market is
assured, but in other respects the outlook is
plainly improved.
Business failures occurring throughout
the country during the last seven days
numbered, for the United States. los; and
for Canada, "a, total, 49,; compared with a
total of 1872 last week. For the correspond
ing week of last year the figures were 2l1,
representing 1S3 failures in the United
States, and % in Canada.