Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-09-03
THE COUNTRY'S TRADE.

The Condition of Commercial Affairs
Throughout the Country as Reflected by
r. G. Dun & Co.'S Weekly RevIew-Heavy
Exports of Grain Making Money Move
More Rapidly and Lending Activity to
Other Lines of Trade-Business Failures,
Etc.
New YORK. Aug. 30.-R. G. Dun &
Coz weekly review of trade says:
The speculation in breadstuffs has broken
down. The failure to export Mt more than
about 81. 10 for wheat has administered the
corrective which this trade greatly needs.
The threatened withdrawal of the crop by
the Farmers Alliance amounts to so little
that receipts were II, 10000 bushels for the
last week reported, against 4,91D,100 for the
corresponding week last year, with receipts
OF other grain slightly decreased. Money 10
moving rapidly to the interior, but the
treasury has been strengthening Itself add
ing :2,So0,000 to it's gold for the week, and
also taking In 50 0.Ooo more treasury notes
than it has put out. The speculation in
grain was helped for day or two by the re-
port that Russia was about to impose a tax
on exports of wheat. This was quickly de-
MED, and the price declined, and is over 4
cents lower for the week. The exports of
wheat for the week are about six times
those of last year, though somewhat less
tnan year ago for flour. and much less for
corn. The market for iron shows some
what larger sales and better de.
iron are still offered at low prices.
little improvement is seen in bar iron, and
plates are more active, though prices are
very low. Structural iron is in fair demand
out not stronger in price. The demand for
rails is stagnant. the combination having
succeeded in so far maintaining the price
that buyers are disposed to wait as long
possible. In the minor metals no change Is
seen in prices. Trade is better at Boston.
with special Improvement in boots and
shoes. A Slight Improvement is in
leather at Philadelphia. though buyers are
cautious, but lumber is quiet, the building
trade being stagnant, and orders for wooden
goods are backward Trade at Cleveland
shows some gain over last year, and at Gin
c1nnatt fair Improvement in groceries,
while at Chicago receipts of wheat are in
creased four-fold as compared with last
year. and increase Is in flour and
cheese, and in sales of dry goods, clothing
and shoes, but a decrease OF one half in
cured meats, a third in lard, and some de.
crease in butter, hides and oats. A heavy
increase Is seen in trade at St. Louis, coun
try merchants buying literally, and trade is
improved at Kansas City, and at Minneapo-
lis and ST. Paul, harvest prospects being
OF the brightest. At Nashville the grocery
trade is better, but other business only
fair. and very little Improvement is
seen at Memphis, while trade In cotton Is
slightly improved at New Orleans, and at
Galveston the prospects are favorable. At
Savannah rain for three weeks has affected
the crops, and at Jacksonville business Is
dull. Prices of all commodities have de-
cltned one-third per cent. for the past week,
yielding little every day, and there is
every reason to expect that exports of pro-
ducts will now be free and large Unless
speculation fnterferes, enormous in
crease in exports may reasonably be an
ticipated. with large movement of gold
this way. unless foreign holders of aecuri-
ties prefer to realize. The stock market at
New York has been comparatively free from
speculative excitement and fairly strong,
with some foreign buying, and not much re-
allzng thus far by foreign holders.
The business failures occurring through
out the country during the last seven days,
number, for the United States, 204, and for
Canada, %, OF tottl of 226; as compared
with total of PIG last week and 227 for the
week previous to the last. For the CORE
spending week of last year the figures were
1879 representing 165 failures in the United
States and "a in the Dominion of Canada