Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-06-08
THE STATE OF TRADE.

u 08bAt 80.
as,,,, M. n.,o,ntment relt over the On
satisfacsory Condition Of Financial AZ
fairs-Failures Continue and tne 0oAN
Reserve stilI Being Hammered 49,
Uncertainty Prevails I'm C0mmerciai vi
cles Owing to Bad Weather and Cios0
Money-Business Failures, Etc.
New York, May 2S.-R. g. Dun
Co.'S weekly review Of trade, pubiisneo
this morning. says:
More disheartenirg conditions have prevaileo
during the past week, and those who saw me
beginning Of permanent recovery IN sne oo.eor
tone week ago are disappointed Inc uAoI1y
markets have been closer. especiaiiy Ia suo -
terror, Gnd manufacturing ana TRACE MY .aoIO
affected than before. Some important faactes
have occurred, including one bank az N.iwau
kee. Gold has gone out in large amoun sc
ports for this week being about So,Uoooe.. a1~
the treasury gold reserve has Deen oE1wu
down to about SEQ 600 O0O In nearly all depart
ments Of trade uncertainty about the iusu.o nas
q depressing influence which Is now Clearly
perceived in decrease OF new business, 0nu
while most manufacturing works are yet em-
ploved on full orders. as these run out the nuAA-
Der Of works closed increases
Boston reports disappointing trade IN ory
goods not equal to expectations OrueIs ,oI
boots end shoes are slow and some 1aceories
are closed The wool market Is quiet ana un.
satisfactory, but lumber Is In good oemano'
Philadelphia reports much disturbance IN
fair but waiting market for dry goods ana
quiet trade ip other respects with much COM
plant OF collections in all branches. Al Baiti-
more tight money Is felt. exports are low ana
trade in dry goods, clothing and shoes Is Quet
and in paints and glass low for the season, bus
Gamers are busy. Trade at Cleveland Is fairiy
good and collections slightly improved.
though money is close. The iron trade AZ
Pittsburgh is less encouraging; pig is weaker
and finished iron very low In price witn
weaker tendency. The sheet trade at
Cincinnati is bad, but general trade 10
slightly improved and collections SLOW.
At Indianapolis trade is good in groceries ana
better in 9th er lines, but collections are unsat-
isfactory. At Detroit money is close, vessel
rates low, and trade, though fair In volume IS
ut very low prices Chicago reports increased
receipts in sheep, 30 per cent. corn &c. oats ~,
and wheat II per cent, but decrease in oil other
articles. especially in animal products. Clear
ings are lower, real estate transactions smaller
than last year, and collections show no i'm
provement, credits being curtailed and some
manufacturers restricted by lack OF accomm o
dations. Wheat is quoted an eighth below the
lowest price for thirty years. The failure OF
one bank at Milwaukee causes some excite
ment, though general trade was satisfactory
and collections improving. Trade Is fair ut st.
Paul though collections are slow and money
close. st. Louis reports satisfactory trade,
with very fair collections: cotton and corn
moving literally but loans are curtailed to
the minimum, and there is no market for local
City trade is fairly satisfactory, but receipts
moderate and money close. Omaha reports
good trade, but Denver only fair. with poor
collections. At Little Rock trade Is bad. with
collections slow, and at Knoxville not i'm
proved. Atlanta reports fair trade, close
money and slow collections. Augusta reports
o slight improvement in trade, with improved
farm prospects. but tight money and slow coll
lections. Columbus reports collections less
favorable and money very tight and at Macon
trade is quiet, collections Slow and money
close. Mobile finds trade reasonably good.
with larger shipments of vegetables, and
money easy. At New Orleans business Is only
fair, but building materials arc very active
and crop prospects, though backward are
promising. Jacksonville notes u little falling
on and at Charleston trade in dry goods and
shoes is dull and in groceries fair, but jobbers
are cautious in selling.
Speculative markets have been sinking.
Stocks are nearly two dollars per share lower
than week ago, the failures, the ill-success OF
the Worlds fair and the slump in
wheat affecting prices as we'll as the outgO
Of gold. Wheat has declined IN cents,
corn 2;a cents and oats TX cents with mod
crate transactions. few caring to buy wheat at
present prices with the enormous stocks in
sight. Lard and hogs are lower. and cotton
has declined q sixteenth. with moderate sales,
though receipts are small. The market for tin
was overloaded and foil four cents, and cofee
is weaker, with reported sales below IL
cents, though lead is higher. Uncertainty
the iron trade gloomy. Prospects of trouble
with the Amalgamated association sustainsthe
present demand for finished products, and
higher freight rates raise prices of pig not to
the advantage of the sellers. Structural mills
are yet well employed. but at prices which re-
turn scanty profits. In the shoe trade there
are fewer orders for the fall than usual. though
shipments are still large. In mems woolens,
country merchants are in trouble with cloth
iers, who send back goods ordered apparently
to get them at lower prices. The demand FOR
fancy worsteds is better and the Dress
goods market, though very sick for some
weeks past, is stronger. Exports of products
fall below last years in value, and there Ia
much withdrawal OF money loaned in this coun-
try on foreign account. The fact that q, 600 900
of sucn loans mature within the next week
leads to the expectation OF further exports Of
gold. Money on call. however. is somewhat
advanced, but there is strong complaint of diff
fculty in getting commercial loans.
The business failures during the past seven
days number for the United States 23s: Can
ada, 81; total, 80, as compared with e73 last
week and ef7 the week previous to the last.
For the corresponding week OF last year the
figures were cO7.