Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-08-11
MONEY AND BUSINESS.

The Outlook Throughout the Country A.
Reflected by II. 6. Dun Co.'S Weekly
Review-A Distinct Improvement All
Around Save in the Large Amount OF
Gold Withdrawn to Meet European Bal
ances on Stoeks-Business Failures. Etc.
New YORK, Aug. 7.-R. G. Dun &.
Co. S weekly review of trade saws:
In every respect save one the business out
look distinctly improves. Crop prospects are
clearer and it is certain that the supplies or
the leading staples will be abundant Manu-
facturers doing finely, even in the iron
branch. and labor troubles seem to approach q.
settlement Domestic trade is of enormous
volume and decidedly the largest ever known
for the season. Money is still abundant and q
somewhat general improvement in demand
causes no pressure. But the heavy sales OF
American stocks by foreign holders continue,
and draw large amounts of gold from the conn
try, indicating FOREIGN distrust of American
finances.
At Boston trade is fairly active. especially in
boots and shoes. and the leather trade is fair.
Rubber factories are we'll employed. the fall
trade in dry goods is excellent and the outlook
promising. the works having large orders. At
Philadelphia receipts of wool are large and
prices firm. the manufacturers doing good
business. Increase is seen in dry goods buyers.
Trade in paint and glass is moderate. and
LIQUORS and chemicals active. and in tobacco
dull. At Baltimore the fall trade opens favora-
bly,. country dealers holding small stocks, and
demand for money increases. At Cincinnati
trade is quiet. but wholesale drug sales exceed
last years. At Cleveland trade is good. business
in groceries. shoes. hardware and structural
iron, and orders for rolled iron are large and
the dry goods business is fairly active. At De-
troit crops look well and trade is fully equal to
that Of last July. Business at Chicago consid-
erably exceeds last years; collections are sat
isfactory; money tends to stifh n and fair crops
and large business are expected. Receipts for
the week fall somewhat short of the excep-
tional receipts year ago in many lines, though
in cured meats, lard, barley and oats large in
crease is seen and some increase in cattle,
hides and -four. Business is good at Milwau-
kee, improving in all lines with brisk demand
for money. st. Paul reports encouraging
crop prospects; and MINNEAPOLIS
material increase in all lines of trade
and very good business in lumber with stiffen-
ing prices. Duluth reports shipments of iron
greater than last year. and large re-
ceipts of coal. Business at Omaha is excel
lent and at Kansas City satisfactory, though
collections are slow; but receipts of cattle and
grain are large and at fair prices. AT st. Louis
business is strong in all lines. and collections
more PROMPT than usual, AMI receipts of wheat
for the fortnight have been heavy.
Business S good in all lines at Denver. At
Louisville trade improves and the outlook Is
better AT Little Rock trade is quiet. but at
Savannah it is we'll sustained. At New Or
leans money is in improved demand at
slight advance. Cotton is steady. The volume
of trade in July is fully 10 per cent larger than
last year, and greater than in any previous
year, in spite of decline Of per
cent in prices since a year ago. Imports
are enormous. exceeding last year s!over 10 per
cent. the past month, which is proof of great
activity in domestic manufactures and con-
sumption. at New York decline of half of
per cent. appears: in value for five weeks the
business is really Larger than usual. Railroad
earnings show 4 gain of nearly per cent. in
July, and cattle receipts at Chicago were never
exceeded in July except slightly in 1890.
Though the coal trade is duh, shipments for
seven months show gain of 6per cent over
last year.
Pig iron is. on the whole, weaker. though
Bessemer has sold at Pittsburgh for $3.50. and
southern sales at Chicago have depressed gray
forge to ST. equal to ss.l5 at Birmingham. The
demand for bar is more active, and tplate, sheet
and structural mills crowded with orders.
Shoe factories are unusually active Sales OF
wool have increased largely and for the year
at three chief points are, IOO,0O0 pounds,
against 1i6.0OO 600 last year to date. The re-
ports about cholera in Russia has some effect.
Cotton mills are sold ahead four to eight, and
print cloths are strong at 3lo. No change Is
seen in copper; tin has been lifted by specula-
ton. but lead is dull at Al.
Speculation has made higher prices for bread
stuffs, half a cent for wheat, in spite of
ceipts at the west exceeding lOCO.OO0 bushels
per day, with exports of 100000 bushels in
three days. Corn has been advanced nearly
cents on small sales. and oats ga cents: west
ern reports favor shorter estimates. Cotton
has declined an eighth on SALES of 100 bales
for the week, crop reports bsng more favora-
bic. Coffee is one-eighth stronger, and oil
lower
In the stock market higher prices have
prevailed in spite of large foreign sales,
which caused heavy outgo Of gold last week,
and from 600 600 to 1900 900 more will proba-
bly, go out to-day Saturday.. But within a
short time the movement of merchandise will
cause balance in favor Of this cuuntry for
some months to come.
The business failures occurring throughout
the country during the last seven DAYS. number,
for the United States 100. and for Canada "a; or
a total of 1884, compared with 1913 last
week. 1877 for the week previous to the last,