Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-01-07
THE COUNTRY'S' TRADE.

What is shown by X. G. Dun & Co.'S
Weekly Review-A Rather Dull Closing
of the Old Year, but tho Volume OIL
Holiday Trade, on the Whole, Satisfac-
tory-The Annual Statement of Failures,
Etc.
New YORK. Jan. 1.-R. G. Dun &
Co.'S weekly review of trade says:
The old year has closed with little more
than the usual holiday dullness in general trade
but reports as to the volume of holiday trade
are mainly satisfactory. At Chicago 1t was the
heaviest ever known; at ST. Louis unusually
large. and in jewelry the biggest known; but
at Philadelphia and at New Orleans not quite
up to expectations and at Little Rock unsatis-
factory. At Boston bad weather has retarded
trade the movement of wool has been fair, and
in dry goods no change is seen, while boot and
shoe manufacturers are kept fairly busy. AT
Philadelphia Improvement is seen in the iron
business and reports from the west are en-
couraging to dry goods dealers. AT Pittsburgh
pig iron is stronger, finished iron in better de-
mand and the glass works all in operation. AT
Cleveland there is larger inquiry for rolling
mill products, but general trade is inactive, es-
oecially in winter clothing and boots and shoes,
and at Detroit unreasonable weather affects
general trade, but there is more demand
for iron. At Chicago receipts OF
| wheat have doubled IN comparison with
the same weeks last year, and in corn. rye,
dressed beef ard wool the increase is a third,
with some increase in cattle and -four. but de-
crease of a third in hides and quarter in oats.
Sales of general merchandise much exceed last
years At Omaha and Kansas City the car ia
mine restricts the movement Of products. At
St Louis mild weather has q bad effect on trade
in woolens, heavy clothing and rubbers At
Memphis trade is but medium: at Savannah
sackening; at Little Rock and Richmond much
depressed, and at New Orleans light with COM
paratively poor collections at nearly all south
ern points. 1t is plain that the south is the one
obstacle to the general progress at present, the
over production of cotton being the cause. Re-
celpts at the ports are no longer equal to last
years, and yet do not fall off as much as was
expected, while the accumulation of stocks has
become heavy financial burden. and the price
has dropped three sixteenths during the past
week, to 7a4 cents for midland uplands at
New York. The sugar movement is largo
at New Orleans, with prices i'm
proving, and the movement Of rice
steady, and tobacco is fairly sus
tanned in northern markets, but southern
trade depends largely upon cotton that
serious depression necessarily follows the low
est price for many years. It must be added
that the greatly increased production of iron
has made it very low and thus strained the re-
sources of many new and costly works at this
SOUTH while the bottom has gone out of many
speculations in real estate. On the other hand,
tie west is peculiarly favored by an enormous
foreign demand for crops, which would other
wise be depressed because the largest eveS
known. Wheat comes forward as rapidly as the
crowded condition Of the railroads will permit,
and exports though reduced last week are very
large again this week and for six months have
exceeded Geo bushels, -four included;
whereas the greatest movement ever known in
the last half of any previous year was 115 100000
in 1879 The price has declined nearly one point
during last week. corn zig cents and oats half a
cent, but prices are highly satisfactory to west
ern farmers Pork products are shade lower,
nearly / cent lower lower
and the prices of all commodities average more
than half of per cent lower for the week. The
money markets continue well supplied and un-
disturbed.
The annual statement of failures in 1891, just
completed, shows an increase over last year OF
1896 in number, the total in the United States
being 1878 against 10,907 in 1880. but substan-
TALLY no increase appears ia the amount ofiliabil-
tiles, $3.50 SOS 63S, against $3.50 1854 last year,
that the average of liabilities for each failure
is reduced from ST., 406 to $15,41 for the past
year. In the middle and eastern states Eabili-
ties have decreased largely, but at the south.
have increased from twenty seven to forty five
millions in amount and in proportion to the
number of firms in business is one to fifty nine
in the south aerinst 100 in the middle states and
l29 in the western.
The business failures occurring throughout
the country during the last seven days, number
for the United States, 307 and for Canada 22, or
a total of 500: as compared with 292 last week,
and 3;S5 the week previous to the last For the
corresponding week of last year the failures
were 34S, representing 81 failures in the United
States, and 81 in the Dominion of Canada