Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-09-14
The TRADE REVIEW.

THE TRADE ucVtGWs 49, -
sc... r,~urae thst Prove WhAt : 0reaes
Industrial shock the Country 6uaenmeeT
evidence Going TO show thaf the 80
duciur Force or. the Ccuntrys AHssE
Months OF Constant Declanes Has
60 Increases
new YoRK, Sept. Or. g. Dun q
Co. s weekly review Of trade, puDiasne0
this morning, says:
Improvement has extended from me oenkss
20 the mills The condition Of the. gresf an.
.sustries has distinctly mendcd, though Htliie
seriously depressed. More impoS1ans Y 49,
than any result In stock Is tne facSsnAt nVIv
works have resumed during the past woeH snAn
have stopped operation. 90 that inc ploau rs.
force Of the country. after monsns q SUBMISSIVE
decline, has begun TO increase
DISPATCHES mention twenty -ctght t0xtle INC
thirty metal works which have resumed, some
only with part force. while twenty-nvs scAsl.o
and nine iron works have stopped Ns eh n.
pected that most OF the FAN River miis ~.
start soon, the hands asserting 70 reducooi
wages
The money market is more healthy; the Pre-
MUM on currency has almost vanished; the
embarrassments In domestic exchanges nave
well-nigh disappeared. and while very nt.ae
money is vet available for commercial Of M
dustriai loans, there is some relief IN tnas to
spect also
e was time for some improvement Sep
tembor l. the output Of iron furnaces IN oiesS
was only $3.50 tons weekly. against iU,osz
August and 1871 .55l May 1; 90 that mucn less
than half the producing forces was engA9oov
ana vet manufactures were 90 stagnAnt that
unsold stocks OF pig iron Increased xsUO topS
q week in August. It Ii stated that fuftn
reductions in the output nave been MADE SING
September began.
for pig iron 50 cents, but some other COM
Germs are selling standard No rs low ~ VI
per ton. Soft steel has reached tho lowest
point on record. go at Pittsburgh, ana sunstan--
TALLY all rail works in the country are idle but
there is o better demand for hardware, from
rods. barbed wires and contracts for architec-
tural work and agricultural implements arc 70.
ported at Chicago
Sales of wool have teen the lowest on REQ
ord for years. 1877, 100 pounds at tho principAlf
markets for the last week against 7,6761O0 for :
the same week last year; the average OF iOA
grades Icing II cents, the lowest for many
years. and in the manufacture II can hardly be
said that recovery appears. In cotton mills :
resumption OF work is quite general. and the
paper business is doing better. while the Troy !
paper and the Illinois glass works arc start.
ing. But shipments of boots and shoes from !,
Boston were again az per cent. smaller Tor the 4
week than last year and in three months they :.
have been about 100000 cases against 1.050.00
last year.
chicago receipts Of cattle in August we're
$50, PA head, against 31s55l last year, de-.
crease of oyer IS per cent
These evidences of the extent Of depression
are needed now. because they show why the
sudden recovery which some look TOR - NOT
possible. It will take time to revive business
after such shock as 1t has sustained, and
there is no occasion for disheartenment II re-
covery is slow. While the money markets.
have greatly improved they are yet FAR from
the normal condition. and the crops arc in
doubt. The prospects for corn have not'tn,
proved. and the injury done by drought seems
to insure much smaller yield than was ex
pected The price during the week has adl
Gull h0H n NRy1f
Western receipts OF wheat have also been
only s 1873 357 bushels for the past wcek. against
1928. 1854 bushels last year. and ~ accounts Of
short crops abroad grow moro definite the.
price here has strengthened fully cent, Ex-
ports for the week have been Z. rs bushels.
against 2473.753 for the same week last year.
Cotton has advanced to cents, with assur~
ances'that new treasury arran9ement will IA
cilitate the supply Of money for moving ther
crops After touching cents the price has
fallen sixteenth. and crop reports are still ia
vorable on the whole in spite OF damage by the
storm in South Carolina. That the volume OF
trade has been small Of late IL not sur.
prising. Exchanges through the principal
clearinghouse outside OF New York.
continue to show q large decrease In
comparison with last year; for the past week
PAS per cent. Although several banks which
were forced to stop In July and August have
resumed this week, the numerous failures Of
two months have thrown into confusion the
calculation Of merchants and compelled them ia
Curt81l Opef0IOn8 incomplete tetUf08 Oh ~
sets and liabilities for the month OF August
show that the liabilities In about l,4s0 failures
amountedsto &S5. 446 090. and the returns for the
remaining failures OF the month will probably
raise the amount above 500 900. Tho assete
reported were S67, &2s2l0. This body Of do
faulted liabilities for the single mouth OF Au
gust exceeds the aggregate for any entire
quarter except ave During tny~pnstG sixse9Dps
years. XR
Failures for the week have reen only ii =
number. agafnst S86 last week. ind $50 for tn
week preceding; and 8 In Canada. against &c 4
for the same week last year. While ono large
mortgage company swells the aggregate OF LA
bfhties for the week. the average Of other fail
ures were lower than usual. 262 being for less
than q. 600 each, and only four for over 100000
each.
Tariff Hearings.
WASHINGTON, Sept. 9.-The hearing
before the ways and means committee
yesterday was opened by N. A. Gilbert,