Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-04-09
MONEY AND BUSINESS.

Review of the Financial and Business
Outlook Throughout the Country as
Shown by Reports TO the r. &. Dun q
Co. Commercial Agency-Trade Affected
by Unfavorable Weather and Labor
Troub!es-Money Temporarily Close on
Failures, Etc.
NEW YORK, April 4.-R. e. Dun Il
Co.'S weekly review of trade says:
The actual condition of business does not
improve, however hopeful the anticipation
warranted. Cnfavorable weather has pre-
vailed over wide area, affecting locaitfade
and making country roads still more dIfh-
cult. Labor troubles are becoming an I'M
pOrtant factor. strikes having begun at
many localities in the building trades. and
the great coke strike having resulted in
riots and the calling out of troops. The vol
une of all kinds of money in circulation IS
Sl1 ,e4I ,l45 greater than month ago, and Sl2,-
5S6,412 greater than Il year ago. Practically
the entire increase in March has been in sill
yer certificates and new silver notes, and the
amount Of gold certificates out has been re-
duced by exports OF coin. Money is tempo
rarily close at home points on account or
April settlements, but at nearly all interior
markets quiet and comparatively easier.
The failures for the first quarter of 1851 have
been 3,515 in number, against 3,225 las year,
and the liabilities S42, I64,631, against s31S52,-
95S for the United States; but more than this
iHcIedSS, bDli III HilIDeE iltipitAttcS,
appears in the southern states The
eastern and middle states report
fewer failures and smaller liabilities than
last year, but the western states report
nearly much increase. In Canada the
number of failures has been 515 against So
last year, but the liabilities are SG049.234
against So ,529,349 last year. Trade at Boston
has been quiet, boots and shoes are slow, the
leather trade is moderate, and hides are
weak. Cotton goods are quiet in first hands,
.1Nr,t Got, sol,g
ment of mems woolenS is unsatisfactory and
trade in wool is moderate. with Australian
still in especial demand Philadelphia wool
quiet. Pittsburgh notes important
change, and Cleveland only fair trade with
Cincinnati, st. Louis Louisville and Kansas
City in the same condition. At Peoria local
trade is below last years, and collections
very low, but makers and iobbers of imple-
ments note excellent prospects. Sales eI-
ceeding last years with fair collections.
Chicago observes increase over last year in
receipts of grain and cheese and so per cent.
in wool, change in cured meats
and hides and decrease in flour,
butter and so per cent. in dressed hGef.
merchandise moves more slowly than a few
weeks ago on account of bad roads. Mem
phis finds trade not yet near the normal, but
at Atlanta it is improving, and at New Or
leans, where sugar is active at lower prices,
rice scarce and cotton quiet Bad weather
affects trade ut Montgomery. At JACKSON
summer trade, Iron does not mend at all,
for in confidence that strikes will soon end
consumers are waiting. The lowest prices
on record are made by some works for bar
iron, and structural moves slowly, while
wrought pipe is terribly demoralized. Zig
iron is duller than for years and buyers gem
orally hold off AS to rails, disliking TO help
the combination. Coal is fiat, official prices
being about 10 cents above last year, but
with some cutting. 4 better tone is seen in
copper, and speculation has advanced tin
and lead shade. The wooden manufacture
is doing fairly, but reports from the west are
that growers look for high prices on the new
clip of wool, which the present market
for goods does not warrant. The boot
and shoe trade is dull and eastern
fall below last years each week
at present The rubber spectators have
put new Para at 90 cents, and the syndicate
claims to hold $500 tons, the worlds con-
sumption being called ,52l monthly. Specu-
lation in breadstuffs does not abate, and
with sales of 33,0G0,000 bushels here wheat is
1I2 cents higher than a week ago. Corn is a
shade lower and oats unchanged, but pork
is so cents per barrel higher, and lard a
quarter of a cent per pound. Cotton has not
and trading is light coffee is an
eighth stronger and oil three cighths, with
small sales. The new tariff has taken effect
as to raw sugar, and the price is now 3.12
against 5.19 a week ago, while granuated is
selling at 4l2 against 6l2 last week. The
average of all prices is shade lower than a
week ago.
The business failures occurring through
out the country during the past seven days
number. for the United States, 2l1. and for
Canada 50, IL total OF 243; compared with |
a total of 256 last week, and 275 the week |
previous to the last. For the corresponding
resenting 1863 failures in the United States |
and Al in the Dominion of Canada.