Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-08-13
TaE BUSINESS FEELING.

Bright Crop Prospects Makes Trade Live
Iy at Almost Every Point-The Iron
Trade Little Better-Demand Felt for
Money to Move Crops-Low Exchange
Gives Hope for the Importation of Gold.
New YORK. Aug. Or. G. Dun q
Co.'S weekly review of trade says:
With business in many lines dsappoint-
ingly dull, the feeling of confidence never
theless distinctly increases. Its basis is that
crop prospects grow clearer and brighter
while prospects of foreign demand Tor
American grain expand with every weeks
news Depression in some great industries
continues and is real, but may be traced to
causes obviously not permanent Thus the
iron manufacture is much set back by ma
bility of railroads to make purchases De-
cause they fail to negotiate securities. Cot
on manufacture still finds fairly large de-
mand and some reduction in prices. most
goods moving freely. Bleeched goods are
lower and print cloths dull. The wool man
ufacture is distinctly improving, ana saies
of wool at Boston rise to 5,l9 ,00J POUNDS,
the sales there, at Philadelphia and New
York since January l, being l4S.OoOooo
against IS, 900 pounds last year to the
same date. At Boston trade in merchandise
increases and is very go ID for boots ana
shoes, and western and southern re-
ports are quite favorable Sales or
wool are large at Hartford and of dry goods
increasing. AT Philadelphia in most
trades there is much complaint OF slow col
lection., but considerable activity is seen
in glass and fair sales of paints and chemic-
ais, with Improvement in shoes, hides ana
leather. At Pittsburgh manufactured iron
is fairly active and the glass trade good. but
collections are rather slow. At Cleveland
trade is enlarging with confidence, ana at
Cincinnati the furniture trade is especially
growing. Chicago feels the effect OF great
crops distinctly, wheat receipts being seven
fold larger, rye five-fold, barley two-fold,
wool nearly double, and corn, beef, butter
and hides some increase, also in sales or
dry goods. Sales OF clothing and shoes are
larger than ever before at this season, and
in all lines collections are satisfactory. Ae
other western points the crop prospects are
almost everywhere mentioned as unsur-
passed, and at St. Louis the demand for
money in the interior grows more pressing
and commercial borrowers are held closely
to their needs. At Minneapolis and st. Paul,
Omaha and Kansas City, trade is generally
good; at Louisville and Nashville improV-
ing, and at Montgomery the demand for
goods is fair, while at Memphis and Savan-
nah reports of trade are less favorable, and
at Jacksonville busn ess is very dull. I'm
favorable weather has strengthened cotton
at New Orleans, and the demand for sugar
Is good with rice strong and money
in good demand, but with supplies ample
for legitimate trade. Prices of commodities
are going down and for this time of year the
general level is lower than year ago. hav-
ing declined one half per cent. the past
week. Financial prospects have not
changed, and though money on call is cheap,
commercial loans are made with caution.
Foreign imports of merchandise in New
York in July were 10 per cent. below last
year. while exports were largely increased.
The demand for money to move crops be-
gins to be felt by many banks, and during
the week the treasury has taken in from cir
culaton $780, 600 more than it has paid out
Foreign exchange has fallen from S4S6l2 to
S4s5i4 and some talk of gold imports Is now
heard.
The business failures during the last seven
days, number, for the United States, 207, and
for Canada, "A, or a total OF 23I as compared
with a total of 2I7 last week, and 254 for the
week previous to the last. For the corre-
spending week of last year the figures were
POS, representing 176 failures in the United
States and 20 in the Dominion of Canada