Iron County register., 1892-08-04
COMMERCIAL REVIEW.

summar, OF the Condition of Business
by r. G. Dun & Co.'S Weekly Review
Trade Somewhat Hampered by the Ex-
cessive Hot Weather, But Reasonably
Lari.e-Business Failures, Etc.
New YORK. July SIR. G. Dun &
Co.'S weekly review of trade says:
Extreme hot weather for an entire week has
checked many kinds of business. but has not
prevented considerable excess in the volume
Of trade over that of last year The crop OUT
look is. on the whole, decidedly inpro veds
Money has been abundnnt and cheap and esq
lecticns generally good for the season. and
there are signs of threatened disturbances.
The great interruption of iron and steel manu-
facture at the west continues. but there are
distinct signs of probable settlement. Fin
ished products of iron and steel are stronger,
and s. to s5 per ton higher, but greater de-
moralization is expected in pig iron,
unless some of the consuming works
start speedily Bar and sheet iron are
very active and manufacturers of plate and
structural iron have more orders than they can
well handle, but no improvement is seen in
rails. In wooens there is a better demand and
more activity is seen in purchases OF WOOL;
" hile the cotton mills continue to do well.
Boot and shoe shops are running full OF bust
ness, aud shipments exceed last years every
week. being for the year thus far. 2,056OO0
cases. against 1,s67,OoO to date last
year. Shipments of hides from Chi
cago have been n.0O0!0c0, against
50, 100000 last year. Business at Boston is
active in dry goods. and cotton and woollen
mills well employed, as are boot and shoe
shops. The demand for leather is steady, man
ufacturers buying freely. Wool is firm and
active. with sales of 100000 pounds and pros
pect of better prices At Philadelphia manu-
factured iron improves, and the Reading
cdal business is very active; wool is firm. with
increasing demand. The market for woolen
goods is enlarging. and dry goods generally are
more active in spite of the weather. distribu-
tion being very favorable. At Baltimore hot
weather retards much trade, though in dry
goods and boots and shoes and furnishing goods
it exceeds last years. The tin can and box fac
tories running full, and the packers rejoice in
living prices At Pittsburgh products of iron
and steel grows stronger. and window glass is
fairly active. but coal dull. Dry goods have
improved at Cincinnati, the crops look better
than a year ago, and the general prospect is
very fair. At Cleveland trade is fairly active
in spite of the weather, aud the whole produc-
ton of manufactured iron is quietly absorbed.
Trade is quiet at Detroit. but crops ar, turn
ing out better than expected. Trad, and coll
Iections are better than year ago ut Chicago.
even retail trade increasing in spi.c of tho
weather. Rec eipts of wheat. corn and cheese
fall third, and of rye an dresse beef on half
below last years. but some increase is seen in
wool, butter and hogs gain of a qnlrter in
-four. a third in cured meats, while receipts
o. oats ana liTC are QOuDle ana OF DaTtey elgnG
times last years. Business is mora prosperous
in Milwaukee, and up to the average at st.
Paul. with excellent crop prospects. but Min
aapois reports injury by heavy storms. In spite
of hot weather at Omaha, trade in shoes, gro-
ceries and dry goods is active and fairly active
at Kansas City, with receipts of cattle heavy
and of grain liberal. Little improvement ap-
pears at Memphis or title Rock, and trade is
dull at New Orleans, though prospects are
brighter there and at Savannah. Speculation
14r-, H..
that the Hatch antioption bill will
fat. and while cotton has fallen quarter
W h enormous sales of IA, 900, coffee and corn
are three quarters of a cent higher for early
livery, the supply being scarce. Wheat has
fallen pa cents. with sales of only l5,00O,O 600
bushels. and oats half cent. Western re-
ceipts of wheat are heavy, 3,544,000 bushels in
foar days, against exports of 956,000 bushels.
Receipts of cotton are light, and exports
slightly more than last year. but sales of phan-
tom stock exceed sales OF tangible and visible
cotton about fifty to one. The syndicate is
said to have sold out all its old copper, and the
prics is strong at IL 's to IL cents. but lead Is
weak. with some sales at 4 cents, and tin at
BILE, and it is called the dullest July
on record, but another screw up
ward in prices is expected Money has been
extremely easy ut 1i2 pr cent, and from
nearly all points come reports that the markets
are well supplied and the demand generally
Yet the exports of about 81. .000,00) gold this
week are not altogether encouraging to those
who calculate that, with congress out of the
way. better foreign demand for American
securities may be expected. 1t often hap
pens that such hopes are unrealized. The
treasury is gradually strengthening itself
as is needful. and is comparatively easy
at this season. but when thu fall demand for
money to move the crops begins in earnest
pressure in the money markets may speedily
appear, unless gold comes back from abroad in
large amounts. American buyers OF stocks
are encouraged by improved crop prospects,
and by the belief that the traffic in connection
with the Worlds fair will help all the trunk
lines, and during the past week stocks have
been dull, but fairly strong
The business failures occurring throughout
the country during the last seven DAYS, number,
for the United States. Ill and for.Canada g.; or
a total of 1913. compared with 1S7 last
week and 1870 for the week previous to the last,
aptl bo dpoyv NJ IaS