Iron County register., 1890-11-13

The Commercial and Monetary Situation
throughout the Country Shown by
X. g. Dun s. Co.'S. Weekly Review-The
Volume of General Business Continues
Large Beyond Precedent.
New YORK, Nov. s.-R G. Dun s.
TO. S weekly review of trade says:
The volume Of business, 10th domestic
and foreign, continues large beyond prece-
dent, and in character pros porous. But
there is serious depression in the stock
market, and other speculative markets
generally lower. The labor situation is
generally undisturted, though the strug-
gle between morocco manufacturers and
walking delegates at Lynn still continue,
and there are received rumor5 of railroad
strike III contemplation. The mon etary sit
uation is substantially unchanged. The
ports from all parts of the country show
that business is large and healthy. Boston
notes wool more quiet and firm. Phila-
de!phia finds the wool trade active;
but shade weaker, bus roll
ing mills have full orders. At
Chicago grain receipts equal last years
At ST. LOUIS trade is rallying again; at Gin
cInnati 1t is encouraging, the tobacco trade
improving; at Pittsburgh IRON is rather de-
pressed, but the glass trade IS fair; at CIave-
land business is good; though in clothing
dull and at Detroit there is a healthy activ-
ftY. No change is noted at Milwaukee. At
Omaha business is excellent; at st. Paul
and Kansas City fairly active. New Or
leans reports larger trade than q year ago,
liberal receipts of cotton and sugar and
good outlook At Memphis and Savannah
the trade is sound and prospects bright
Iron Is weaker here for Southern, and bes-
semer is weaker at Pittsburgh, but at Phil
adelphia revised quotations are SIS and up
ward for standard Pennsylvania; sI7 and up
wards for standard Southern and Sis for neu-
trail forge. More inquiry for rails is seen
and the purchase of the Allegheny mills by
the Carnegie interest is expected to have AN
important nf1uence on the market. Foreign
trade in October will surplss that of any
other month in the. history of the country.
Tor exports from New York show gain of
$4,000, 900 indicating aggregate of more
than $l05 ,00o for the country. and imports
also show an increase of about 800 09Jo
for the month. The heavy excess of
exports helps to weaken the rate of ex-
change. The great depression in sugar
trustsihas muchiufiuence, but the shortness
of crop and scarcity of money for specu-
lative use sufficient reasons for reac-
tion, which the great strength of the farm
ers' organizations at the West tends to
increase. The money market here has been
active at about per cent at Boston the
market is strong. ut Philadelphia firm at 6
to per cent with large demand for dis
counts; ut Chicago close, with an advance
in rates of exchange, the tightness being
due to increase OF business and at St Louis
the market IS strong at to per cent. New
Orleans reports an easier market, but at most
Western centers the demand is sharp,
while outside of such centers the market is
comparatively easy.
The business failures during the last seven
days number: For the United States I72:
Tor Canada 33: total, POS; as compared with
n total OF 2lS last week. For the correspond
ing week of last wear the figures were 267
representing 22s failures in the United Stallj
and 80 i'll Canada