Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-06-25
MONEY AND BUSINESS.

The Commercial and Financial OutlooE
Throughout the Country as Reflected
Through r.. G. Dun & Co.'S Weekly Re-
view-Good Crop Prospects Lending
Stimulus to General Business Money
Firm, with Little Demand for Other
than Legitimate Business - Business
Failures, Etc.
New YORK. June 21.-R. G. Dunn q
Coz weekly review of trade says:
Crop prospects have greatly improved
during the past week, particularly in south
ern and northwestern regions, where there
has been no lack of rain and there is scarcely
a single commercial center from which the
crop reports are not highly favorable. At
Boston more disposition to buy is noticed in
the leather trade, and steady orders Tor
boots and shoes, though small, give encour'
agement The lumber trade Is also little
better, though prices are low, and sales OF
wool are larger, reaching 100000 pounds.
The market rather unsettled. At Phtla-
delphia the wool trade is waiting, holders
asking more than buyers wish to give; but
the leather trade is healthy. with better
prospects. In building much depression re-
suits from recent failures. Pittsburgh notes
better demand for manufactured iron. ana
Cleveland more demand for pig. AT Cincn-
natl trade is picking up, and at Detroit mas
increased in some lines, wool moving at
or cents lower prices than year ago. Cnl-
cago notes wool receipts double last year 8,
with an increase of one-half in wheat ana
dressed beef and moderate increase IN
hides, but decrease in -four, corn and lara.
ST. Louis notes some change by frequent.
rains and while the lumber, building, hard
ware paint and oil trades are especially ac-
tive, the general aggregate is rather less
than year ago. though of fair volume IL
is important that all northwestern anu
southwestern reports mention rains anu
brighter crop prospects. At st. Paui IL ID
stated that few localities now lack moisture,
and the wheat crops of Minnesota ana the
Dakotas are thought to be secure from marin
by drought. Crop prospects strengthen
confidence at Kansas City ana business 10
improved at Louisville, decidedly at Mont
gomery, and slightly at New Orleans. TRADE
is small at Memphis. but crop prospects are
good; quiet at Little Rock; dull at Nash
Vile; better than usual for the
season at Atlanta, and much pet
ter than last year at Jacksonville:
Regarding money, reports show almost
everywhere an ample supply for legitimate
and safe business, but 1t IL frequently men
toned that there is no supply for specuia.
ton, and at St Louis the market Is stifer at
and 8 per cent. at Kansas City firm mt TO
10, at Detroit strong at Z, rather stringent at
Cleveland, tight at Little Rock and Atlanta,
close at Nashville, and in good demand with
firm rates at New Orleans. Tho demand tor
manufactured iron and steel improves. For
structural iron there Is a rush OF orders be-
cause of the collapse OF building strikes,
and makers of sheet iron are somewhat
pushed, though bar iron is only fairly active,
but plates are in good demand. The stagna-
ton produced in rails by the combination TO
hold up prices is shown by the official report
that sales to June /, this year, were but 725,-
376, tons against 1.Os6, 600 to same date last
year. and deliveries but 337 900 tons, against
5000 tons last year. The wool market at
New York shows Improvement, and larger
demand by manufacturers In wooden goods
there is a large volume of business, and the
orders show that distinct gain in consuming
demand Is felt. The orders for foreign
goods are said to be 50 per cent. less than
year ago, but the domestic trade gains. In
h ides large receipts ut the west have broken
the combination to lit prices, and buH.. AZ
ter rising from 5s4 to : cents in March. sell
at 5s4 cents again. Coal is very dull, copper
and lead unchanged and tin a shade lower.
The business failures occurring through
out the country during the last seven days
number, for the United States, ga, and for
Canada 20. or a total of 253; as compared
with total of 244 last week, and 224 for the
week previous to the last For the corre-
spending week of last year the figures were
1899, representing IT'S failures in the United
States and 81 in the Dominion of Canada.