Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-03-10
MONEY AND BUSINESS.

The General Condition of Trade and FL
nance Throughout the Country as Re-
fected Through r. G. Dun & Cos
Weekly Review-An Improvement In
Domestic Trade and the Supplies OF
Money Generally Ample-Business Fail
ures, Etc.
New YORK. March 5.-R. G. Dun s.
Coz weekly review of trade says:
Neither abroad nor at home have more un-
favorable conditions appeared during the
past week Foreign selling of American Sc
curities has diminished the stock market
has ceased to invite everybody to sell by its
booming. and sterling exchange has yielded a
little. For the moment gold exporting is less
important. though during the week 81 OO0,OOU has
been shipped or ordered for export, and mean
while merchandise exports continue large-for
February at New York, $4,000 greater than
last year Domestic trade gradually improves,
even at the south. Supplies of money are every
where ample. It is still the fact that the dark
spots directly caused by overproduction
Cotton receipts this week have been light, but
the price is only 706 with moderate sales.
Efforts to curtail the production this year ap-
pear to meet with some success. The only
possible remedy for troubles in the iron trade
is to be applied. according to dispatches,
by the closing of some furnaces in the Ma
honing and Shenango valleys, and the Chicago
district Current prices are called about the
lowest on record, southern iron being offered at
S1575 to SIT for No l, against $3.50 to $3.50 for
northern. A contract for steel beams at 2. l
cents is reported from Boston, and bars show
no improvement while plates are quoted at 1s5
and sale of angles to the New York Central
at 1.55. The rail combination still waits for
buyers The trouble in this industry is that too
great and sudden expansion was expected.
Copper is unchanged, tin weaker at 1880 and
lead moderately active at 4 Is. The coal market
continues uncertain, the combination 1s not
ready to act, but agents recommend an output
of only 2,50O, 600 tons in March.
A better situation appears in textile manu-
features for cotton mills are we'll supplied and
trade in cotton goods improves all over the
country, even at the south. In WOODEN mills
and in sales of wool decided Improvement is
SEEN Wool is lower, holders grow anxious
to sell before a new clip comes. The spring
trade in dress goods closes in good shape, while
in mems woolens the right fabrics and colors to
meet the taste sell rapidly. More demand is
noted for black cheviots. In boots and
shoes there is much more activity, though
the many buyers at Boston still act with
serve, and shipments are yet even per cent
behind last years to date. At Philadelphia
wholesale trade in dry goods is satisfactory. but
iron is very low. At Baltimore the grain export
trade is the largest ever known. All kinds Of
iron and steel are weakening at Pittsburgh. and
some pudding mills have closed but glass is
fairly active. Cleveland notes rolled iron active
but weak, while Improvement is seen in hard
ware, groceries and SHOES, ana the dry goods
trade is good. The spring iobbing trade is fair
at Cincinnati Detroit notes fair jobbing trade
some lines exceeding last years. At Chicago
considerable increase over last year is seen in
general trade. and receipts of dressed beef are
four times, of wheat three times, and of -four
and oats double last years, with increase of a
third in rye and barley, quarter in corn and
some in cattle and cured meats. but decrease
in wool, hogs and sheep. et Milwaukee wheat
receipts are 100000 bushels, against 100000
against $4,000, and lumber trade good, with
jobbing trade largely beyond last years.
AT St Paul the jobbing trade is so to IS
per cent. greater than a year ago. At Omaha
trade is quiet, and at St Louis bindered by inn
passable country roads though the spring out
look is very encouraging with the rapid move
ment of the corn crop. Kansas City reports in
creased sales over last year, Denver fair trade
and Salt Lake light business with slow col
lections At Memphis trade is improving and
also at Montgomery but at New Orleans the
improvement in slight cotton is weak, rice
rather dull but sugar in good demand. Specu
lation has not been at all active. Wheat has de-
clined half cent with small sales Corn comes
forward freely, but exports are heavy and the
price half cent higher. Pork products are a
shade lower but oil a quarter and coffee
eighth higher. The stock market has relapsed
in to great dizziness.
The business failures occurring throughout
the country during the last seven days, number
for the United States, 20e, and for Canada 81, or
a total of 2.0; compared with 270 last
week and 299 the week previous to the last.
For the corresponding week of last year
the figures were 265.