Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-06-19
THE WORLD OF COMMERCE.

The Business Outlook of the Country ~
Reflected in X. G. Dunn s. Co.'S Weekly
Report - Speculation Not Particularly
Active, But Legitimate Business of Al
most Unprecedented Votume--The Money
Market Easy-Business Failures, Etc.
New YORK, June IL. -R. G. Dun & Co.
in their weekly report say:
Speculation has been neither large in vol
ume nor enthusiastic in tone during the past
week, but the legitimate business of the
country continues unprecedented in volume
for the season, and highly encouraging in
prospects Although the Treasury has
taken in s., 100000 more money than it has
dlsbursed, and foreign exchange, appar-
emily because of sales of American secur-
tiles and a slackening of exports, has adj
vanced about cent during the week, the
current rate for money on call has declined
from to Ale per cent. There has been quite
decline in exports from New York for two
weeks past the value having been II per
cent. below that of the same weeks last
year, while in imports here moderate
increase continues, last week 5 per
cent. But the flow of currency to this
center supplies demands and makes the
market easy. and confidence in cur
rency expansion by legislation is una
bated. Interior cities report rather more
demand for money and at Boston rates are
rising; at Chicago and st. Louis steady and
at Philadelphia dull not much commercial
paper Offering, but at most points the de-
mand Is fair with sufficient supply. Crop
prospects begin to rule all markets at this
season and these are distinctly improving
The capacity of iron furnaces in blast June
was ls),795 tons, against lsJ,O99 May l, and
49, 19 year ago. 1t seems scarcely credi-
bic that the actual consumption can be 81
per cent greater than a year ago and yet
the tone of the market is fairly confident,
and does not indicate material accumula-
O Eastern IN re To
have checked the incipent advance in
prices, in order not to establish Il market
for Southern and Western producers to un-
load on. The demand for various forms of
manufactured iron and steel is still good
and prices steady and sales of 10000 tons of
rails are reported, with $31 quoted at East
ern mills. The wool market has been dull,
sales at Boston being only 1,540,000 pounds
and dealers there do not regard the outlook
with confidence. Philadelphia and Chicago
reports indicate that growers are holding
for higher prices. But no Improvement is
seen in wooden goods, though dress goods
are in fair request here and stocks of light
weight cloths are small. Flannel mills
are generally cutting down produc-
ton. Reports from other cities
SHOW healthy state OF trade with
clear signs of Improvement where better
crop prospects have immediate influence.
Railway wars do not cease; on the contrary
more cutting of east-bound rates appears
ana speculative managers are suspected OF
Willingness to see lower prices. 1t is but
fair to remember that the competition of
Canadian and lake lines is felt with
stantly increasing severity, and until the
inter State laws have been changed appa-
rently must be. Prices of stocks have been
weaker. though sugar trust has been put up
again with reports of large profits. The de-
lay of the Senate finance committee in act
ing upon sugar duties suggests some uncer-
tainty, but IN main the House Tariff bill has
been accepted by the committee and is
thought likely to be passed without great
changes. The latest advices about silver
legis lation suggests greater possibility that
the two houses may disagree, the DISPOSE
ton toward free coinage being strong in the
Senate.
business failures throughout the country
during the last seven days numbered: For
the United States, 1876; Canada, Il; total, 2l2,
compared with 205 last week. For the cor
responding week of last year the figures
were 226 in the United States and "a in Can.
ada.