Iron County register., 1890-11-27
MONEY AND BUSINESS.

The Condition of Finance and Trade az
Kehected Through II. G. Dun & Co.'S
weekly Review-A Slight Falling OFF in
values Through the Week and a Gpner-
aiy right Money Market-The Outlook
Notwithstanding the Eastern Monetary
troubles, FavOrable-BusinesS Failures
Etc.
New YORK, Nov 22.-R. G. Dun &
Co. s weekly review of trade says:
Stringency has checked some buying, diff
hculty of making foreign exchange threat
ems to retard the movement of cotton and a
more conservative temper is seen in trading,
put every thing thus far Indicates sounder
condition of Legitimate business than many
supposed. The collapse of many great spec
ulatons has brought heavy losses, but the
public has not been taking much part in
such operations. While the money mar
kets are generally tight, there is still no un-
usual complaint as to collections, though
rediScOurts have been large. The volume
of business continues to exceed that of any
year at all clearing houses outside New
York about 1879 per cent. for the month thus
far. Exports have been che ckeu at New
York, falling per cent. below last years
for the month, but imports here in half of
November exceed last years b. - per ce mt.
Prices are yielding, which will help ex-
ports of products. Wheat has fallen
cents during the week, corn about 2 and oats
2L2 cents, sales of As, 0ol bushels of wheat
here ind icating large liquidations. Cotton
has fallen one -efgth on sales of 64 1000 bales
coffee half cent, oil 45s cents, pork IS cents
per barrel and hogs 80 cents per 100 sugar is
also an eighth lower, tin is demoral!zeu at
81 Is cents, lead weaker at as cents and no
takers are reported for copper at l634 cents.
The general average of prices has fallen ia
per cent. this month, but is still about per
cent. above that of the same date last year.
Silver has fallen back to the price of April
Is, when the boom" started and the output
of mtpes appears to increase. The volume
OF currency in circulation outside the treas
ury is Sl,5G0,o00.001 against $1,ii5,0l0 900 4
year ago, but there are very few interior
markets at which more or less strirgency is
not reported. Baltimore, Pittsburgh and Gal
weston are exceptions, being well supplied !
but at Chicago and most other points,
while the demand is sharp, no trouble is
reported Reports of trade from other
cities are encouraging. The South is NOV
ing the largest crop of cotton ever grown,
and while exchange causes some embar-
rassmcnt, the movement is rapid Sugar
comes in largely at good prices, and the re :
cefpts of molasses at New Orleans are lib
cral at some decline, with moderate re-
ceipts of rice. Trade is healthy at Mem
phis, Louisville, Atlanta and Galveston,
though in Texas lower prices cause some
country failures. Baltimore notes no dis
turbance because of Eastern trouble and at
s.. Louis trade in all lines is good, with
bright prospects. Trade at Denver and
Kansas City is fair; at st. Paul active
thought! money pressure is felt; Milwaukee
and Detroit. good, except that mild weather
checks retail trade, and the same cause af
fects the shoe trade at Cleveland. Cincin
natl reports manufacturers busy and Pitts
burgh notes fair business at all mills. no
chan &c in iron or steel, and good trade in
glass. OF the great centers, Chic Igo fares
the best, feeling Eastern troubles little. The
movement of wheat and corn is slig htly
q hl
dry goods trade equa;s last year and
the trade in clothing and shoes is ending IA
prOtftab bic season. Even at = pStOn and at
Philadelphia the great failures are felt less
in commercial circles than might have been
expected. At Philadelphia money is tight,
and commercial paper almost unSalabie,
bur trade improves. Boston notes very
quiet wool market, with sales OF only ,5S1. =
600 poun"s and small hope that manu- act
uTerS Will now obtain any advance in heavy
woolcnS; but lumber is in very fair demand
and prices of boots and shoes are firm,
though some grades of leather are lower,
and hides are depre sScd. On the whole,
the commercial outlook Is decidedly moro
favorable than might have been expected.
But while the outlook is generally cheering,
it is wise to remember that all difficulties
have not yet vanished.
The business failures during the last seven
days number: For the United States, 247;
for Canada. 81: total, ga: compared with
a total of 2G6 last week. For the corresp pond =
ing week of last year the figures were 277,
representing 245 failures in the United States
and a in Canada