Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-01-14
TIE COUNTRY'S TRADE.

The Opening of the New Year Sisnalized
by Marked Declines in the Prices of
Wheat and Cotton-The Latter Now the
Lowest Since 1S49-A Depressing In
huence in Business in the South-Tratie
IN other Sections Generally Good.
NEW YORK. Jan. Or e. Dun &
Co. S weekly review of trade says:
The first week of the new year has been
marked by some striking events. There has
been an important decline in the price of wheat
and cotton, which have been held of late little
too high for foreign estimates of value, so that
exports were somewhat checked. The decline
will bring out larger orders for export. Cotton
has dropped to the lowest price since 1S49,
VIZ: IA cents for middling uplands. Receipts
are greater in the south and the stock is accu-
mulating, being largely carried by banks at
various points. all of which has a depressing
effect This affects trade throughout the south,
and at Memphis the outlook is considered poor
and collections are very slow AT Nashville
trade is only fair, though money is easier; at
Little Rock trade is dull; at Galveston very con-
sentative, with failures much exceeding those of
last year in number; at Savannah trade is
quiet, though money Is easier, and at New Or
leans banks are easier and better feeling is
seen in the money market, though unusual
quantities OF cotton, sugar and rice are being
carried. The demand for sugar and rice is
strong and active with slightly better prices,
but cotton is declining with heavy receipts.
Trade in other parts of the country is fair for
the season. At Boston business is better in
some lines with considerable activity in dry
goods, new goods being opened and selling freely.
Boots and shoes improve slowly, manufacturers
having fair employment, but being anxious for
further orders. An improved demand is seen
for rubber goods. At Hartford hardware and
groceries are in fair d emand and dry goods
dull. At Philadelphia liberal orders noted
for spring materials, and while trade in other
branches is now very light, the prospect is con-
sidered good Baltimore reports healthy
money market. and Cincinnati activity in cloth
ing, and moderate trade in whiskys. with a
favorable start for the year. At Cleveland
trade is good for the season, and rolled iron in
good demand. AT Pittsburgh the outlook seems
better; pig iron is stronger and finished iron in
good demand Chicago reports some increase
in receipts of barley, cured meats, cheese and
cattle; receipts of oats nearly double last
years; of flour, corn, rye and dressed beef
fully double and of wheat three times last
years. Dry goods sales are light though pay
ments are better; sales of clothing and shoes
are larger than year ago, and money is in fair
demand, with the supply ample for legitimate
trade. Milwaukee finds good indications for
the spring trade and heavy snow helps the
lumber business. At ST. Paul trade is quiet, as
usual with excellent prospects. AT Minneapo-
lis the car famine is over, and the output Of
flour 110,000 barrels. against 1140O0 last year,
with the lumber sales of 1891 exceeding those of
1890 by 100000 feet. At St. Louis cold
weather causes better trade in heavy clothing,
and other trade is seasonable, the
grain blockade having broken. Trade at
Kansas City is quiet, and money is in light de-
nand. Collections throughout the northwest
are very fair though slow at most southern
points. The great industries report no import
ant change, though in iron large business is
being done, and tho tone i. improved. Some
improvement is seen in bar and plates and a
fair business in structural iron. The coal trade
is ragged, though the demand is beyond all
precedent. Less demand is seen for copper.
though large sales have occurred. Tin is
weaker and lead dull, and other markets
throughout the north easier.
The business failures occurring throughout
the country during the last eight days, number
for the United States 1913. and for Canada A. or
a total of 1876; compared with $40 last week,
and 292 the week previous to the last. For the
corresponding week of last year the figures
were 4OS, representing 375 failures in the United
States, and q in the Dominion of Canada.