Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-08-06
MONEY AND BUSINESS.

Tho Condition of Finance and Trade
Throughout the Country, as Shown by
X. G. Dun 6 Co.'S Weekly Review-Busi-
ness Dragging and Dull and Finances
Somewhat Observation-Disclosures Failures.
Etc.
NEW YORK. Aug. 1.-R. G. Dun 81
CO.. weekly review of trade says:
Business continues dragging and dull.
Trade at the south is peculiarly depressed
because there is too much cotton. with
several hundred thousands OF bales or last
wears crop left over in the worlds markets
and with competent judges predicting an
other crop even larger than that OF 1897, 1t IS
no wonder that prices are low ana pro-
ducers scarcely get enough to pay for rails
ing and pick ing. Hence country merchants
do not buy freely and the prospect of a great
yield which at other times might be helpful,
tends to produce stagnation. Again, IN
parts of the west, where crops 1aileu
last year, trade has not yet recovered from
the great depression resulting, and as long
as the corn crop is in doubt complete recov-
cry is not to be expected. In several states.
legislation hostile to capital causes nucn
disturbance. Further, the collapse OF real
estate speculation in many parts of the
west and south has brought severe losses
and embarrassment to many. At the east
monetary uncertainties have a powerful
influence. European difficulties do not pass
quickly fully as was expected, ana
in Russia because of failure of crops, which
will only help this country in the END.
There is growing doubt whether the move
ment of crops here will not cause tenn
porary drain greater than the eastern money
markets can meet; but if the grain can be
sold the gold will come. Though no gold
has been exported, the outgo of currency in
the west and south is felt here and at BoS-
ton. Money is close at Buffalo and Cleve-
land; in active demand at Chicago, Cincin-
ma md nafrn at n
at st. Louis; in good supply for legitimate
business at Milwaukee; close at Omaha,
Nashville and Atlanta; slight at Jackson
vile, hut easier at Savannah, and in fair
supply at New Orleans. Business at Boston
has further improved, and wool is quite
active, sales reaching 1921 100 pounds.
More activity appears in wooden goods and
better demand for boots and shoes. while
leather is quite steady. Hides are dull, and
domestic lower at the west. Philadelphia
notes more frequent orders for wool and
woolens At Hartford and Buffalo trade is
quiet. but the demand for lumber im-
proves; at Pittsburgh business is un-
changed and rather slow at Cleveland fairly
good for the season, and at Cincinnati some
what more active. Chicago reports receipts
of wheat seven times larger; of rye and
cured meats. lard and wool double last
years; of dressed beef a third larger, with
some increase in cheese and butter. Dry
goods sales are slightly larger, and good or
derS are seen for clothing and shoes. At
Omaha trade is fair, and at Milwaukee salts
factory and increasing. Activity is noted
at st. Paul. Throughout the northwest the
the prospect of crops is exceedingly good
at Kansas City wet weather interfereS with
harvesting. The distribution of goods is on
a larger scale at St Louis, and at southern
points business is dull only fair The
great industries show no important change
for the week, though it must be said that
disheartenment in the wooden goods trade
seems to increase and il is admitted that
sales are not equal to last years, though the
trade was dragging then. Much OF the
trouble is attributed to excessive credits in
the clothing trade. In boots and shoes
there is continued Improvement. The coal
trade is still depressed by excessive produce
ton, the output exceeding that of last year
to date by 100000 tons. Copper is still de-
pressed by the apathy of home consumers,
and there is very little trade in leaf. while
speculation has lifted and again depressed
the price of tin. Philadelphia describes the
iron market as frightfully duh, and sales to
realize are made ut prices Considerably be-
low qvstattons structural mills well
supplied for the present, and bar iron is
steady, though the poverty of railroads
makes the demand scanty, but plates are
Irregular buyers refraining from taking
rails, and the lower grades of pig iron are
offered here below quotations. The market
for brcadstuffs has been strengthened by
ports of injury to the crop in Russia, and
wheat has risen 1l2 cents and corn one half
cent, while no change appears in cotton.
The price of oil has fallen over 8 cents for
the week, but pork products shade
stronger.
The business failures during the last seven
days, number, for the United States, 229 and
for Canada, Is, or tot Il of 2.7; as compared
with total of 254 last week, and 247 for the
week previous to the last. For the CORE
spending week of last year the figures were
lS9 representing 167 failures in the United
States and p in the Domin ion of Canada.