Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-12-18
MONEY AND BUSINESS.

The State OF Finance and Commercs
Throughout the Country as Reflected
Through r. G. Dun G. Co.'S Weekly he-
view-The Business Outlook More Hope
full and the supply of Money more
PIentlful-The Week Notable for the
Large Number of Business Failures.
New YORK, Dec. 6.-R. G. Dun q
Co. s weekly review of trade says
The business outlook is more hopeful
There has been numerous failures, ana thera
is still much pressure, but the supply Oh
money has so improved by treasury pnr-
chases of bonds and by shipments or gold
from Europe, that there is more ground 1or
confidence and actual Improvement. Cnth
after January /, not much relief can be ex-
pected, and followers of unwise legislation
continue to cause much withdrawn OF
money from active use, but for the present
there is less pressure here or at Boston. mo
South reports fair business in spite OF tho
continuing decline in cotton. spirits move
freely at Savannah, oranges at JacksonViiic
and sugar. molasses and rice at New orleans,
all at good prices. The supply OF money u
ample for necessities at New Orleans, Dut ae
other points money is tight, though banks
help their customers as far as they can ia
legitimate business only. At the west
colder weather has helped trade
ut Cincinnati, Detroit and some other
points and business is only fair at Denver;
good for the season with large cattle and noit
receipts at Kansas City; strong, with lDerai
distr. button OF goods at st. 1 olis; ttir lor
the season at st. Paul. and more active III
holiday lines at Cincinnati. AtChicaSo oual-
ness continues much larger than Last year,
being little affected by Eastern troubles, ARD
the receipts of most products show increase
AT Pittsburgh the wocst is Thought 10 i'o
over. Boston observes improved deihahu
for leather at the lower prices, ana reEu
goods are IL SIS active Cor SeaSonaoIe pfouucts'
wool sales are SIN all and VIII Dlesaie gener-
ally quiet. Philadelphia notts Lite nm
provement. Iron production increased in
Novemb, r. reaching IS2 ,S46 tons December },
a gain of nearly 600 for the month, ana over
l4,00O tons compared with last year sew
eral new and large furnaces have gone into
b asst, but later dispatches show that
within two weeks nanoer ha'o
stopped production, and one southern
establishment has Jailed. The wColen
manufacture is doing decidedly better tnaA
a year ago, but heavy woolens open Ut ias1
years prices. This is a waiting market LOT
knit goods and shrinking demand Tar
dress goods. The cotton manufacture is less
satisfactory and some works are suspendtnG
production, print cloths having fallen 10
cents for sx-fours. The speculative
markets have not been very active. I'm AZ
risen half cent during the week, but COP
per is of uncertain price, offers at 10 certs
for lake being unavailng, and the marbes
for lead is thoroughly demordlized by ia
portations of 5000 tons at the recent 5pecula-
tive prices. Treasury payments for bonds no
not yet appear in statements OF cash, WhL;h
show no loss for the week. The most signfh-
cant fact is that a very large proportion OF
the money was taken in gold by the sellers
of bonds, presumably for withdrawal until
uncertainties about silver legislation
have passed But the fall in foreign
exchange and the movement of over So,O0o,-
600 gold to this side show disposition or
European investors to take some properties
here at current prices. The commercial
troubles outside of monetary stringency are
mainly due to excessive purchases made i'll
anticipation of a great rise in prices.
The failures during the last seven days
number for the United States 3i7. and for
Canada %, total of 314, as compared wish
a total of 249 last week. For the correspond
ing week of last year the figures were 30,
representing 260 in the United States and 30
in Canada.