Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-08-21
THE CoUNTRY'S COMMERCE.

The Commercial situation Throughout
the Country According to the Weekly
Report of II. G. Dun e. CO.-Manufact-
uring Industries Doing Less, but Specu-
lative Business More Active-A Tendency
Toward Higher Prices-Business Fall
for the Week, Etc.
New YORK, Aug. 16-R. G. Dun &
Co. s weekly review of trade says:
The Industries are doing rather less and
the spectators are doing more. That is the
weeks history in brief but the volume of.
the Legitimate business is very large, ex-
ceeding last year at this season by about 10
per cent, and the bulk of fall trade is con-
sidered excellent at most all commercial
centers. The range of prices of commodi-
ties is rapidly rising, and advanced more
than one-haIf per cent. during the past
week. In the first purchases of silver bull
ion under the new law the prices paid for
800, 00J ounces were a shade above the Lon
d on price, and the offerings are said to have
been about 10000 ounces. The fical crop
report sustained the fears of serious injury
to wheat, corn and oats, but indicated that
the yield of cotton is likely to be larger
than that of last year. Wheat has ad-
vanced 4l3 cents, with sales of 30 400, 600 BUSH
els here; oats cent,and corn, having pushed
quite high before the report appeared, has
since declined 1l2 cents sales of eight
and one half million bushels. Pork Is half
dollar per barrel lower: hogs CONF
ing forward IN great number and do not adj
vance. Cotton has fallen three sixteenths
but is still so high that purchases are linz
tied. CUffee has not changed. Oil has risen
pa cents and hides and leather are strong.
The potato crop is short and prices high
and the minor metals are about steady ut
recent prices though duh. A heavy decline
appears in the weekly output OF pig-iron
which was 164,793 tons August l. against
175,727 July l, and $50, 1911 June l. Prices show
little change though one large Southern
concern is reported to be cutting liberaIly
The demand for finished products is full
and well sustained and some forms of plate
IRON are a little higher The wool manu-
facture shows no Improvement, and many
makers express growing disgust at the
scantincss of purchases except for the
cheaper grades. Wool does not advance,
and the heavy imports of goods
tue output still falls below last
years. Dry goods j>bbers note that South.
ern and Western buyers are more numerous
than usual, but while cotton goods are well
sold up, the demand for wooden goods il
fair. The reports from other cities are gen.
orally favorable, no complaint being any,
where made as to the volume of business
Chicago notes that drought in some locaIi-
ties mas affected crops so that purchases will
be diminished, but the injury is not
yet thought in commercial circles To
be of serious magnitude. The dry
goods and clothing sales exceed
last years and collections were never bet
ter. St Louis notes fair volu ne of trade.
Milwaukee rains are held to have i'm nroyeI
crop prospects; ST. Paul reports the crops
equal the anticipations, and MINNEAPOLIS
notes good lumber trade and
satisfactory building, though tow water
restricts the flour output. At Omaha trade
Is good Kansas City about average: at De-
troit excellent, with manufacturing works
fully employed, and at Pittsburgh and Cleya.
land no especial change is seen, Phi,a
delphia reports the demand for drv
goods strong, and a stronger market for
groceries. Money is snug and firm; tighter
at St Louis and in demand. About a mill.
ion has been sent West from this city during
the week, and the treasury has taken in
Sl'ioo0ol more than it has paid out but the
BANK or England has gained 81, 1926. 900 gold
ana while gold rises in premium at Buenos
Ayres again, the foreign demand is not felt
mere at present The reports of merchan-
oise from New York fall below last wear NV
per cent for half of August while the inn.
ports continue very heavy and those con-
oiions, with the advance In speculative
markets, are not entirely favorable.
Failures during the last seven days. Fortb
United states. ia; for Canada, 20: total 1e-
compared with POS last week For the cor
responding week of last year the fpures
were: 2l3-lS1 in the United States 81 In Can
ada.