Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-08-20
THE CONDITION OF TRADE.

The General State of Business Through
OUT the Country Reflected Thorough
r. ID. Dun & Co.'S Weekly Review-Tho
Grain Markets of the World Affected by
of tho Country Decidedly Flattering,
and the Effect Being Felt in Business
Failures for the Week, Etc.
New YORK. Aug 16.-R. G. Dun d
Co. IS weekly review of trade says:
The prohibition of exports of rye by Rus.
STA because of the official declaration thae
famine is impending, has suddenly anected
the grain markets of the whole world Rus
STA usually exports about SO, 10000 bushels
of rye, and men reason that other grain IN
large quantities will be required crop
prospects grow brighter every day, ana
with assurance that the country will not
only have enormous supplies OF grain, put
market for 1t at good prices, business Is i'm
proving throughout the north. The move-
ment begins close to the farms; country
merchants are buying more freely, and their
purchases are felt by wholesalers and manu-
factnrers. Trade at Boston shows improve
ment wool sales reaching s.752.oo pounds.
and the demand for goods is improving.
Cotton goods are also in better demand Ae
Philadelphia there ia general Improvement,
particularly in wool and woolens, in dress
goods, il paints, and in tobacco. At Cleve-
land tradelshows some Improvement, though
iron is demoralized. At Fort Wayne i'm
provement is noticed. although the building
trade is so per cent. behind last years; but
at Cincinnati trade is only fair, southern
business being smaller At Chicago increase
is noted in almost every branch of trade ex-
cept cured meats. with wheat receipts hve-
fold last years. At ST. Louis busi-
ness is increasing in almost all
lines, though lumber and building
materials are dull. and at Kansas City
the cattle and packing trades are light and
wheat not moving freely; but general trade
is Improving and healthy. At st. Paul BUSH
ness is unusually brisk and country mer-
chants are buying very freely. The south is
in a very different condition. The great
surplus of cotton last year. and the prospect
of an equally large crop this year, threaten
lower price than producers can stand. and
trade and collections are both poor in that
section. There IL distinct Improvement
in the demand for cotton GOODS
which the mills now produce with profit at
lower prices than ever. Actual sales or
clothing and of wooden goods appear to DO
larger in the aggregate than ever, but the
manufacturers embarrassed by COM
parative scantness of orders for tho future
The monetary uncertainty operates to pre-
vent large commitments in advance. I'M
provement in iron Is felt at Philadelphia as
to the better grades. Bar iron is dull, but
the demand equals the supply in plate and
structural iron and the prospects are con-
sidered good. In rails nothing is doing, and
sales in July for the whole country were but
81 900 tons, against actual shipments of $780,
600 tons. Exports of wheat for the past
week have been three times last years, and
western receipts average about l,oo0,000
bushels daily, though in some quarters the
movement is retarded by the hope OF a
higher market. Tin has declined here to
19 80 cents for August, but is higher in Lon
don, and sales of lake copper are reported
at 1l.95 cents. Labor troubles in the
Omaha smelling works have ad-
vanced the price OF lead to 4l2 cents;
and the coal concerns have agreed upon an
advance of Is cents for egg and 20 for stove,
to take effect September !, although the
market is still dull and the shipments sine
January l have been 1888 99l tons greater
than last year. The advance in prices dur
ing the past week has averaged nearly per
cent. for all commodities. Foreign trade
continues to improve, for while imports
have declined largely, the exports for two
weeks of August have exceeded by nearly 1a
per cent. those of the corresponding weeks
last year. In the main the interior money
markets in fairly good condition ex-
cepting at the south. and at Philadelphia
confidence is gaining; at Boston rates are
easy; at Chicago money is in healthy de-
mand. with supply sufficient for legitimate
trade, and at st. Louis rates to per
cent with no money going into speculation
except in grain. If Europe is able to send
cash for all the food it will require this year,
it is probable that the country w i'll not lack
money long.
The business failures occurring through
out the country during the last seven days,
number for the United States, 202, and for
Canada, 25s total of 227; as compared
with total of 231 last week, and 247 for the
week previous to the last. For the CORE
spending week of last year the figures were
1877. representing ia failures in the United
States and % in the Dominion of Canada.