Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-06-18
TRADE AND FINANCE.

The Condition of Finance and TRADE
Throughout the Country as Indicated
by r.. G. Dun & Co.'S Weekly Review
The Money Markets Show Strength. but
Little Disposition Towards Speculation
Prices in Commercial Channels Tend
ing Downward in Anticipation OF Heavy
Crops-Business Failures, Etc.
NEW YORK, June AR. g. Dunn &
Co s weekly review of trade says:
Prices are lower, with prospects of further
decline. But the legitimate business of the
country, although not as large as it was
year ago. when crops had not failed ana the
trade was far greater than ever before at
this season. is nevertheless large, well main
tanned and generally healthy. Reports from
other cities show that trade is fairly large,
undisturbed and exceedingly confident as 20
the future. At Boston boots and shoes are
recovering from the depression caused by
failures; dry goods are more active, WOODS
share larger, and transactions give the idea
that leather has touched bottom. At Phita-
deIphia manufactured iron is strengthened
by orders from Chicago; hides are quiet,
and the shoe trade is but fairly steady and
fair; the paper trade is fair, and tobacco
and drugs unchanged, with paints dull and
the liquor trade good. New wool is sell
ing at decline, in some grades of cents.
and while the worsted trade is contracting
and carpets have small margins, business
in shawls and knit goods is larger than usu-
but in hardware and the necessaries very
fair At New Haven business is satisfactory,
though little smaller than last year. AT
Albany business is satisfactory with very
good outlook; at Rochester and Syracuse
the same, though injury to fruit and drought
cause some alarm, and at Buffalo business is
moderately active. though less than it was
year ago, because of last years failure or
crops. Pittsburgh reports no change in iron,
except that Bessemer steel is stronger.
At Cleveland dry goods, groceries and hard
ware are moving fairly, and manufactured
iron is in fair demand, but coal and ore are
inactive. At Cincinnati trade in groceries is
smaller, but profits better than last year,
and at Detroit wool is moving at decline
of 4 to cents, to meet the needs of manu-
facturers, with other trade unchanged. Chi
cago reports increase OF 20 per cent in the
movement of wool, and some increase in
flour, wheat. cheese and butter but de-
crease in hides. in lard third, and in
cured meats one-half, with the dry goods
and shoe trade larger than year ago,
plenty OF money for legitimate business,
and nothing for spectators. At Milwaukee
good crop reports stimulate manufacturers
and jobbers, and at st. Paul rains have
made the crop prospects excellent. st.
Louis finds the decrease in general trade
about equal to the increase last year,
though it is up to the average for this season.
and the yield of grain promises to be phe-
nomenal. At Kansas City trade is fairly
satisfactory. as at Denver. and at Louisville
crop prospects stimulate confidence. Mem
phs notes that recent rains have much inn
proved the prospects, and at other southern
points trade is seasonably dull. The iron
industry, for months exceeding others in
decrease of production, reports a weekly
output of ,1S2 tons against 1852 last
month, with decreasing stocks unsold, which
Is evidence that heavy demand hereafter Is
expected. In bar, plate and structural iron
the demand is already larger. Wool
sales are also larger here, at Boston
and Philadelphia, with moderate conces-
sions by holders. and the manufacturers
show greater confidence by their buying. In
all parts of the country the money markets
show surprising strength, Notwithstanding
the loss of gold to Europe, and while close
ness Is reported at Detroit, Cleveland, Gin
cinnati, ST. Louis, Nashville and Savannah,
reports from nearly all cities Indicate that
nobody is suffering except spectators. In
brief, the situation is not good for gamblers,
but for producers and legitimate orders is
decidedly hopeful.
The business failures occurring through
out the country during the last seven days
number for the United States, 2l9, and for
Canada IS. or a total of 244; compared
with a total of $40 last week. PA and the week
previous to the last. For the correspond
ing week of last year the figures We're PIP, re-
presenting 1876 failures in the United States,
and II in the Dominion of Canada.