Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-06-11
TRADE AND FINANCE.

The Commercial and Financial Outlook
Throughout the Country shown by
X. G. Dun s. Co.'S Weekly RevieW-Money
Easy at the Seaboard. but Tight IN the
Interior-Trade Not Very Active, hut
Everywhere Observation-Disclosures Failures
Etc.
New YORK. June 6.-R G. Dunn &
Co.'S weekly review of trade says:
While the hesitation in business has not
ceased ana decided activity is hardly ex-
pected now until after the close OF the nscel
year. it continues to.be matter of sur
prise and congratulation that the
money markets and trade have been
so well sustained in spite of heavy
exports of gold. The exports this week
have already been about $4,000 n, anu from
orders thus far, it is said that S2,9oj,o1O more
will go out to-day. The exports, of prod
ucts are larger than a year ago, with not
much difference in imports. but the excess
of imports was very large at this time last
year, The New York money market has
been easy, rates on call dropping from 3la to
per cent. with heavy receipts from the IN
terror. Reports from other cities show
that money is tighter at st. Louis, tight Mt
Nashville. firmer at New Orleans and Pitts
burgh, in hardly adequate supply at Cieve-
land, not ringent but affected by dis
trust on account of city finances at Philadei-
phia, firm at Boston, in good demand at
Chicago and Milwaukee, but with supply
for all legitimate needs, and easy at all other
points reporting. Trade is not very active,
but almost everywhere hopeful. Failures at
Boston have made shoe manufacturers eau
tious, but there is a belief that the worst 10
over, and that fall trade will be very active.
Hides are easy, dry goods quiet and wool
sales moderate. The exposure of official
and banking misconduct at Philadelphia
tend to make business inactive, and no life
is seen in IRON Wool is dull, though some
concessions are made by western holders
At Hartford Il little Improvement is seen in
hardware and groceries, but none in dry
goods. At Pittsburgh rise in IRON is pre-
vented by the reopening OF some Mahoning
and Shenango furnaces and preparations for
others: window glass is fairly active but
flint dull AT Cleveland iron is in more
demand; trade is good in dry goods, hard
ware and groceries, and dull in shoes. Some
activity is noted at Cincinnati in clothing,
and at Detroit trade is up to last years in
volume. Throughout the west and south
the fine crop prospects give encourage
ment, almost the only complaint now com
ing from New Orleans of drought in the adj
Joining region. In the northwest continu-
Gus rains have made the prospect unsur-
passed. Chicago reports larger receipts
than year ago of flour, wheat, cheese and
hides and three times as much wool; smaller
receipts of oats, rye, barley and lard and
but one third much cured meats, with
full trade in dry goods and bright prospects
generally. st Louis notes a fair volume or
trade; Milwaukee great improvement from
rains, and st. Paul also; while at Mime
apolis the lumber trade is unsurpassed. At
Omaha and Denver trade is fair, and at Kan
City dull because of too wet weather.
At Louisville the outlook is good, but at
Nashville a heavy dry goods failure
causes some depression, and there is
no improvement at Memphis. New Or
leans report trade dull and cotton
in fair demand, sugar fair, molasses dull
and rice quiet and lower. At Savannah trade
improves and at Jacksonville is quite
steady. In the great Industries there is a
better demand for iron, as yet without
change in prices. More orders for structural
iron come from the break in the building
strikes, and special caution appears in the
boot and shoe trades. Sales of some cotton
goods are recorded at the lowest prices ever
made Wool moves slowly, but yielding at
the west gives a better prospect In bread
stuffs, the decline continues. Pork products
lower, and coffee about three tighths
while tin copper and lead all stronger.
In general, the approach of q harvest which
is expected to be most bOuntiful has its nat
ural effect prices and trade is but little
embarrassed by speculative movements.
The business failures occurring through
out the country during the last seven days
number for the United States, 2l1, and for
Canada Il. total Of 224, as compared
with a total of 254 last week, PAT the week
previous to the last, and 215 for the cor
responding week of last year.