Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-08-24
WEEKLY TRADE REriEyv.

A rift In the Clouds, According e -. -
Dun 4 Co.'s Weekly Review 81 the 49,
dItion OF Finance and Trade Thougn0-s
the C0untry-Business TRyinE - -
Ahead Without Waiting for Action -
lWashingt0n-The Weeks Failures. 49,
NEW YORK, Aug. 19.-R. G. Dun q
Co. s weekly review of trade. pubhsneo
this morning, says:
There Is rift in the clouds FAINT nv
definite signs of Improvement are al suo
ter because they come not from poSsiuly w.
lusive hopes or from monetary foreign sio uus
from the good sense and wonderful rocupo
tive power OF the people themselves.
is trying to go ahead without waLslns ~.
Washington. Imported gold s9,OOUUU y. M a.
during the week does not go TO the rignt spOs'
but the people are creating home mace gu.
rency for themselves by using certiueo cnoSH
in paying hands. selling local accounts ~
purchasing grain and cotton. the DanA 49,
lation has increased s. 600 0o0 but the 49,
ON deposits OF national banks alone from MY
to July IL was $685. l60. 5S8 and during Inc psss
month Withdrawals have also been heavy.
Little money comes back rs yet from slmIu
holders and the paralyzing effect on excnaus0
is nearly as complete AZ ever: put .nas , Suv
fact pushes each section and city into reiylns
more on itself and not on the government
Many concerns are failing and closing. Dus TO-
sumptfons are becoming somewhat ireQuons
and in the very shrinkage OF pr0ductlon nlen
see that demand must bOOu OvCA Ses~o
Pig iron does not rally. but sells at ia nero
and $l3 at Pittsburgh for No. !. though tne
weekly output has been reduced 70 per cens.
since May. hut large iron and steci w0rks -"
beginning to resume operations. Inousu
have failed nnd "a stopped during the week, II
have resumed.
Only q third of the Connellsv1lie coke ovens
are at work. but coke at &l25 gives OessoE
chance to iron manufacture
Sales of wool in seven weeks haze been only
q Z a
year. and 1t is stated that 90, 00ol looms ana sSvn
spindles in New England are now IDLE. wnicn1
means more than quarter OF the COTTON spin
dies OF the country; but twenty n.9nt m
and five other cotton and wooden mills nsvo
sumed while twenty-eight have stopped an0
one failed during the week Somewhat fewer
cancellations are met in dress goods eF0efS'
and there is more buying of fall woolens.
Shipments OF boots and shoes from Boston
since the end of June have been s.S4o cases,
against 572 345 last year. o decrease OF l71f per
cent: but little more demand for gooos -
now seen, and some factories near Boston AND
Philadelphia have resumed. With the shrink
age in the great industries II Is only surprlsins
that railroad earnings do not decline more, inc
decrease on roads reporting in August thus Tar
being IS per cent: The decrease OF "a per cent
in 'clearings outside OF New York last week
and 90 this week is natural.
Thereceivership for the Northern Pacific hao
been so fully discounted that 1T produced httie
GucCG IN the SCOCk mstTkcL. bHOuSh eAAso "a -
thirdgreat railroad default this year, ana the
aggregate stocks and bonds of the three roads
amount to $65O 100000. Prices OF securities
have increased comparatively little the aver
age for railroad stocks being $43 IL. against
S45 last week, and trading has been dull. Spec
ulative markets have generally declined
fraction. in spite of crop reports, which arc
not solid enough to outweigh great stocks In
sight. Cotton fell a quarter OF a cent with
somewhat better reports OF probable YIELD
Wheat drags near the lowest figures ever
known. in spite of decrease in visible supply,
for though western receipts are not large, the
stock on hand Is far beyond the power OF spec
ulatorS to carry with money markets In their
present condition The movement OF corn IL
decidedly large. with crop prospects improv-
ing.
Late advices from Washington are not more
encouraging in regard to financial action
The treasury has been losing money rapidly
and holds Sc 600 600 less In gold. $l.7OO0O0 less
in silver and 500 ,,O0l less legal tender. In ex-
cess of outstanding certificates than 1t held
one week ago. while the new treasury notes
outstanding have increased 100000. 1t is
coming small gold as rapidly as possible. and
issued a 500, 600 additional bank notes during
the first half OF August: but has very limited
power because the rapidly diminishing re-
ceiptS are no longer enough to cover the nee
essary disbursements.
The more hopeful signs which appear should
be interpreted with full understanding that .
BcuuInc EcvlVbl VI UuSlucSo CduuOS UOSlu un1AA
larger demand for goods and better conditions
otherwise enable Q greater proportion OF the
shops and mills to employ and remunerate Ia
Dor as usual AS yet the works closing exceed
In number those resuming. and the failures
continue each week to restrict the number of
firms able to share in the employment OF hands
and the transaction of business.
Failures during the week number As In the
United States. against ~ last year: and Is in
Canada. against 25 for the same week last year.
OF the United States failures I54 were in east