Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-02-23
TRADE AND TRAFFIC.


The Badness Outlook Throughout She
Country ~ shown by b. G. DUN = Co.'S
weekly Revtew-The Depletion Of the
Gold Reserve the Financial Sensattau
Of the week-The Course OF General
Business Undisturbod. but Speculative
Markets. Comparatively Quist-Busineza
Failures. Etc.
New York, Feb. 1a-R. G. Dun 4
Co.'S weekly review Of trade says:
Anxious efforts by the banks for an issue of
bonds By tho treasury and refusal Of the son.
ate to authorize 1t caused much apprehensicn
and excitement during most Of tho week Dis
cretionary power was finally given to Secretary
Foster to issue bonds II it should become abso-
iutely necessary, but It is stated that he sesss
NO necessity ut present existing. Exports Of
gold win not be $s,O000o0, n 1t one time ea-
pected, but NO moro than $2.00O,0OO, and the
treasury reserve OF over $40 100000 has Mt
been diminished. Moreover quite large puf-
chases OF securities on foreign account are re-
ported. which would cancel heavy adverse
merchandise balances. and to that extent PRE-
vent gold shipments Outside financial infiu-
ences In the course Of business II undisturbsd;
Its volume is still large, though somewhat
Affected by recent storms and there
are fewer signs than usual OF un-
sound or unhealthy conditions. though at many
points collections are somewhat slow. Zig
tribution of dry goods at Boston is large; the
prospect for woolens was never better; textile
mills are very busy. and many buyers of shoas
have prospect OF higher prices. Sole leather
has risen ono to two cents. and upper Is
stronger and hides are firm. Wool is steady
and the grocery trade excellent. At Philade1.
phia wooden mills are working full time;
the dry goods Is in branches hindersd
by the weather. and purchases are large,
especially OF dress goods Paper and hardware
trades arc active. and money In better demand.
In Baltimore orders ara fully mp to last years,
and at Pittsburgh better tone is seen in the
iron market. with higher prices for Bessemer.
and the glass trade u improved by combinA.
ton. The hardware trade is excellent at Cleva-
land and other TRADES fair-exceeding last
years The clothing trade at Cincinnati Is
good. the winter stock being cleared out and
spring orders exceeding the supply, and tie
shoe trade Is better than last year. Manufac-
turers at Indianapolis are busy With trade 20
per cent larger than last year. At Detroit
trade exceeds that Of q year ago. Trade ut
Milwaukee II improving, with better weather,
Omaha business was very active. and At st.
Joseph fair, with money in demand, but collee-
tons slow. At Kansas City trade Is satisfac-
tory. with good receipts Of grain and liberal
of cattle. Business at st. Louis 10
better, promising better for the spring and
money easier. Denver trade IL fair. At most
southern points business shows some improve
ment. and is fair for the season, though the
movement Of cotton Is small and prices some.
what smaller.
speculative markets. nave been comparatively
quiet In view Of the monetary conditions, and
somewhat weaker, excepting that oil has
risen 419 cents and lard nearly half a
cent. Wheat Is half cent lower.
with receipts of 100. 900 900 bushels at the west
in four days. Corn is one.half cent
lower, and cotton half cent lower. and receipts
continue small. Ths wooden works are busy as
ever. and sales Of wool at the three chief mar
kets this year have been 100000 pounds
against 35 100000 last year, a gain of "A per
cent But the season for mems goods is
nearly over. and the orders, though in the ag-
gregate the largest ever known, are limited in
range for many qualities, fine worsteds
being especially neglected, while rough
goods are In great demand. Trade is good in
every department of knit goods, and carpets as
well, but cottonS are a little loss active. An
unprecedented demand is seen for copper in |
electrical work, but tin is Is cents per 100
pounds lower. The coal market Is called as
sloppy the weather has been. In the iron |
trade no distinct improvement Is seen. for
while business is large, prices are entirely de-
moralized BIS intense competition. Rails are an
exception, for 70. 900 tons have been sold with |
out reported change in price, and structural |
works are well employed, but at very low |
prices. but the demand for plates is not up to |
the capacity of the works, and bar iron is quite
well. |
The financial outlook depends largely upon |
the fact that exports of principal products in |
January were %, 900 900 smaller than last year,
while imports at New York alone were II 900,
600 larger than last year, which indicates con-
siderable excess of imports for the month and |
explains the heavy outgo OF gold In Febru- |
airy thus far, exports from New York have |
been but little below last years. though at cot
ton points very much smaller, and meanwhile |
imports show an enormous increase of over 30 /
per cent.
The business failures occurring throughout |
tile country during the past seven days num-
Der, for the United States. 1877, and for Canada |
80; or q total OF 233. compared with a total |
Of 266 last week. and 30l the week previous to |
The last. For the corresponding week OF last |
year the figures were 29l, representing 25l fall |
ures in the United States, and 43 for the Do |
minion Of Canada.