Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-08-27
MONEY AND BUSINESS.

r.. G. Dun & Co.'S Weekly Review of Trade
and Finance Throughout the Country
The Flusry in the Grain Market the
Absorbing Factor-Caution and Conser-
vatism Characterixing Trade in General,
But the Volume of Trade Healthy
Money Rather Tight, Especially at
Southern Points-Business Failures, Etc.
NEW YORK, Aug. 23.-R. G. Dun &
Co. S weekly review of trade says:
During the past week attention has been
absorbed by great excitement in grain.
Russian orders prohibiting exports of rye
was taken as official confirmation of the
worst reports regarding the harvest in that
country, and were supported by further re-
ports that similar defensive action would be
taken by other governments. There is little
room to doubt that foreign demand will DO
greater than ever IL prices here are not so
advanced as to check it. As yet prices are
not extraordinarily high, and not as high by
10 cents with all the foreign news. in
April last. with nothing but dream of
FAMINE before July to warrant them The
general business of the country does well,
with gradual improvement in nearly all
branches, based on actual increase of de-
mand from farming states. 1t may be
doubted whether there has ever been
more cautious and conservative feeling
prevalent at a time when the prospect of
large trade was bright, and in scarcely any
branch is there seen dis position to venture
upon large speculative purchases. Stocks
or goods carried over have been large for
years. and dealers are admonished by the
full list OF failures, and there is so general
a disposition to purchase only what it is
certain consumers will require, that many
trades appear hestating and almost dull.
Yet the volume of business is probably as
large as ever be fore at midsummer. 1t is a
surprising fact that the great iron industry
does not yet meet the set back which the
enormous production threatens. Though
the movement of rails Is unusually small,
prices do not fall for pig or finished pro-
ducts, nor do stocks appear to increase.
The production of domestic iron alone is
far in excess of consumption of all iron,
domestic and foreign, until last year, and it
is rightly inferred that the demand for
other iron than rails must be unprece-
denied. Some increase is seen for bar, and
structural mills are fairly well emptied
The market for wool continues more active
than it was, Boston sales reaching 4,29S, 900
pounds for the week, and the shipments
being very large from Chicago, though the
trade here is quiet for domestic but better
for foreign WOOL The situation as to mems
goods is by no means unhealthy, while in
dress goods business Is excellent with no
complaints At Boston business is not very
active, but the outlook is held encouraging.
AT Philadelphia no change appears in
paints, oils and glass, but for iron there is
more inquiry. AT Cleveland no change ap-
pears and money is in strong demand. At
Cincinn att manufacturers quite busy,
son. At Chicago dry goods sales fall short
for the week, though larger than last year
for the year thus far, and sales of clothing
and shoes are large, while the receipts of
wheat exceed last years four fold, and
of rye nine-fold, with an increase of about
third in dressed beef, lard, hides and
wool At st. Louis largely increased orders
are seen in nearly all lines, and at Kansas
City trade grows more active. At ST. Paul
and Minneapolis an excellent harvest makes
trade prospects good and similar reports
come from other northwestern points. At
the south business Is still dull, though some
Improvement is seen at New Orleans and
Atlanta. Money is tight at many southern
points, and collections somewhat slow.
The treasury has put out 81 ZOO. 900 more than
it has taken in during the week, and the
failure to obtain for extension a large part
of the 4l2 per cent. bonds seems likely to
oblfge the treasury to disburse large sums
for the remaining bonds September 1.
Money tends to ease at Boston; is in brisk
demand at northwestern points, but easy
for legitimate business at Chicago.
The business failures occurring through
out the country during the last seven days,
number, for the United States, 1879, and for
Canada, II. or total of 2l6; as compared
with total of 227 last week, and 231 for the
week previous to the last. For tho CORE
spending week of last year the figures were
1872. representing 172 failures in the United
States and 20 in the Dominion of Canada.