Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-06-15
MONEY AND BUSINESS.

!
Weekly Review Of Trade and F1noneiaR
Conditicns Throughout the Country -
Summarisea1by the Il. @. DUN = Co..
CommerciSl kgency-Business Failures
for the wesl Etc.
NEW YoRK, me 10.-R. G. DUN q.
Co. IS weekly revikw Of trade, published
this morning, says:
The severe depression Of . week ago which
eliminated in very tight money and numeroue-
failures has heen followed by some recovery.
Reports that definite action by congress on tho
money question has been assured have done
much to cause the better feeling which in0-
Gates that apprehension Of the future rather
than present difficulties causes much OF the
trouble. But the st-ingency 1T Chicago and
elsewhere has forced realizing on the unprece-
denied stocks OF wheat 50 that the lowest
prices ever known have been made here and ~
the west. This has helped exports and In.
other respects monetary conditions are as
tinctly more favorable. The treasury Is gam
ing reserve, exports OF gold have been arreSseo,
foreign exchange has fallen with dearer money
here and reduction Of bank rates at London.
and banks at Chicago have rallied with success
against the runs which appeared threatening.
Though no radical change In underlying condi-
tions has occurred there is more hefpfulncsS
and some recovery from the extreme contrac-
ton of credit.
At Boston banks are very conservative, col
lectionS poor, ana no Improvement appears IN
Lr0Qc. OPERATIONS arc CuockSQ Oy SC8EC1ty Va
money Lumber is less active. and wool ex-
trernely dull and depressed. but better orders
are seen for shoes. especially from the south
west and cotton goods are fairly active. though
print cloths are weaker. At Phfladelphis
banks are holding money cautiously. taking no
long time paper. Trade In dry goods is not
heavy. and little activity is seen in jeweiry and
groceries There is rather more business In
iron. but At very low prices. Wool is lower
and the worsted trade much restricted. Col
. Inro Ind I'm 10 all HnA
more reports quiet trade, with o tie
better collections. At Cleveland trade -
fairly good, collections improved, but money
close. At Cincinnati trade improves . little.
wholesale clothiers having satisfactory orders.
and meney Is active. but collections slow. At
Indianapolis the grocery trade is better hut
others not satisfactory, and ut Detroit trade
is only fair, fall bills are closely scrutins. ed
and banks are carrying many loans. Chicsg
reports trade orders satisfactory for the sea-
son and the excitement caused by some failures
and the run on several banks now seems over.
Banks are considered safe, but are pursuing .
very conservative policy. Receipts increased,
compared with last year, per cent. in cattle,
10 in hides. "A in butter, IS in sheep so in oats
no in wheat and 20 in corn, but decreased 10
per cent in -four 20 in barley and dressed beef.
p In rye. Is in cheese, 60 in hogs and
lard. 20 in pork and seeds. and 80
In cured meats. Excitement is subsidinS
in Milwaukee, but money is very
close and dealers going slow. Trade at Min
neapolis and ST. Paul is fairly active. and the
lumber trade strong. with crop prospects fair.
AT st. Louis banks are extremely conservative
and calling loans. Whitaker 6 Co.. pork pack
CTS, failing from ina bility to realize on local
securities; but the jobbing trade is satisfac-
tory and with the south much improved. At
Omaha trade is good; at ST. Joseph good In
dry goods and fair in groceries, and at Kansas
City fairly healthy. though receipts Of grain
and hogs light. Trade at Denver is fair,
but at Little Rock dull and at Louisville re-
stricted with money close. At Memphis trade
vile fair, with money close and collections
not improved At Atlanta. Macon and Au-
gusta similar conditions exist. AT Charleston
the hardware trade is fair. but dry goods md
groceries moderate, and at Galveston the trade
is fair. but collections slow and business dull,
full.
Wheat has gone below II cents here and IS
at Chicago, with receipts of $4,000 bushels
daily and exports 100000 bushels. Corn las
fallen cents with large receipts: oats cent;
lard Il. and hogs ten cents per 100 pounds.
Cotton is quarter higher at bet
ter foreign buying. Tin is stronger
On the surface. but lead lower at 275,
and sale of 5000 pounds lake copper at IL
cents is reported. Iron Il very dull at New
York and Philadelphia. and sales are reported
1t astonishingly low prices at Buffalo. Dealings
in bar show great anxiety for orders. and struc-
small. In low grade cottons there has been
some advance, but in finished goods buyers are
slow. The financial outlook is not helped
yet by foreign trade as imports continue heavy,
while exports are still below last years.
The failures for the week number 81 In the
United States. against 16s for the same week
last year, and q in Canada, against "a last