Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-12-14
MONEY AND BUSINESS.

Review of the Condition OF CONNER clal
and Financial Markets as CoIiated and
Prepared by II. q. Dun 4 Co.-Trads
Continues in Waiting NIood-Money
Plenty with Light Demand for Either
General or Speculative Busineks-Busi-
ness Failure for the Week. Etc.
New YORK, Dec. 9.-R. G. Dun &
Co. S weekly review of trade, issued to-
day. says:
Trade of all kinds Is waiting. There is no
visible improvement, and on the whole the In
dications are little less satisfactory than
they were q week ago. The volume of business,
measured by clearinghouse returns outside OF
New York, show n decrease OF only 12 per cent.
compared with last year, which is encourag-
Ing: but as the Stateman t covers the payments
for the first OF the month, it may not correctly
measure the volume OF new transactions. The
reports from the other cities show hesita.
ting trade almost everywhere. with decided
disposition to wait until congress has acted on
the tariff question. Hence the delay and un-
certainty are likely to last for some weeks.
The speculative markets have not moved
much. In railroad stocks there has been
slight decline of fifty cents per share. and in
trust stocks nearly as much. without much ex-
citement in either market. The sales have
been only 4 million shares. but reports in re-
gard to the increase of taxation OF sugar.
whisky and other products make whatever
market there is.
Railroad earnings are fairly encouraging. for
they show decline OF only per cent, com
pared with last year and in freight earnings
the decrease is only per cent. The eastern
roads continue to show some gain. and on the
southern roads there is a small decrease but
the decline on western roads is still heavy.
running from to 10 per cent, with even
larger declines in Pacific roads
Wheat has risen a shade. The western re-
ceipts were only 3,557.2Sl bushels against
g s9l, $50 for the same week last year: while the
exports from Atlantic ports were only 427.isi
bushels. against 18.1,4Oo for the same week
last year. The receipts of corn were unusually
large. amounting to 3227.7T bushels, against
2.7e6 $50 for the same week last year. and the
exports were tS9 O66 bushels. against 6275N
last year.
The movement of cotton was not encourag
ing to holders, and appearances indicate
larger supply on plantations than hal been ex-
pected. The receipts at the ports for the week
were 25S, 2OS bales, against 212,5l7 for the same
time last year: but the exports were 1S9,S75
bales. against 1926 last year. The price de.
clined an eighth, with strong evidence that the
continued heavy receipts are wearying the
holders The cotton manufacture does better
than other branches at present, and yet has
not very healthy appearance. The demand
is not strong. and prices of goods are barely
maintained. The disposition to buy with great
caution and contine purchases to actual re-
quirementS is more clearly unaffected than in
previoue weeks.
In wooden goods the sense of disappoint-
ment is very clear. and there seems no reason
to expect any decided recovery until congress
has acted on the tariff question. Several
works have stopped production during the
week. and others are running only to I'LL or
ders which will soon be exhausted. No quota
BILE change is noted in prices, but the sales OF
wool for the week have been only 3.147500
pounds. against 4.759 800 for the corresponding
week last year Tn, demand for speculative
purposes continues. and Il considerable proper
ton of the sales are OF that character.
In the iron and steel manufacture there are
symptoms of improvement The eastern mar
ketS are waiting, and while one company has
gone i'll the market as speculative buyer,
taking about $1,000 tons. it is said and there
have been large purchases OF pipe iron also.
the general tone Of the market is not i'm
proved. There is q feeling that the new steel
rail com bination will result in decided de-
crease in the demand for rails and also for
pig iron: and at Philadelphia and Pittsburgh
no improvement in prices is seen.
Copper is somewhat stronger, with 1917 bid.
and the evidence OF 4 combination OF pro-
ducers accumulate Leaf has remained I'M
changed in price, and in tin prices have been
almost stationary.
The prospect of n renewal OF gold exports
causes no great excitement in the street as the
banks now hold SO large a stock of gold on
hand that really heavy loss would not cause
them any embarrassment Yet 1t is felt that
any outgo OF gold ut this time would be evidence
that Europe has been selling large amount OF
securities in this market, AMI there is feel
ing that such sales may easily be pushed far
enough to cause serious disaster. The bank
reserves, amounting to Sl9s,010,0o1. are the
largeSt ever known and there is a feeling that
the accumulation OF idle money here is some
what dangerous to legitimate trade, but as yet
there appears no indication OF speculative OK
element in products or in sto cks
The increase in circulation during the
month Of November was about 6, 000ON, al
though there was no demand for additional
currency in any of the interior markets. and
the evidence is clear that the supply of cur.
rency is far in excess OF the needs Of business.
The failures for the week number 1886 in
| the United States, against Ell for the CORE
| spending week last year; and AZ in Canada
| against Sc last year.
Latest News From Hawaii by Schooner
Transit.
SAN FRANCISCO, Cal, Dec. 9.-Thc
schooner Transit arrived late last even
| ing, bringing the following from the
United Press correspondent:
after the steamer Alameda sailed,
| Minister Willis stated nothing definite
| would be done here until he had re-
| ceived a reply to dispatches sent to
Washington. In an interview with
| a Star reporter, Minister Willis said:
| 'sAny trouble precipitated on either
side would be stopped at once by the
| United States forces"
| president Dole called upon Minis
! ter Willis on the 18th to inquire how
far the United States authority
would be carried in case Of an emer-
gency. The PROVISIONAL government
seems to be fully satisfied with Willis
reply. It is reliably stated that
President Dole informed Minister
Willis that the provisional gov
eminent would require no aid
from the United States unless called
for, and that any breach of peace that
might occur would be speedily dealt
with by the Hawaiian government,
and that they would aid him in keep
ing the peace. 1t is understood that
Minister Willis replied that he would
stand back of the present government
until the present difficulty was settled,
and that he did not expect trouble UNI
less It was precipitated by irresponsi-
BILE persons on one side or the other.
Interviews with members of the pro-
visional government show that they
are fully determined to brook no inter.
ference until the United States govern.
ment is officially heard from"
IL He RecedInr:
| WASHINGTON, Dec 9.-The impression
among leading democrats in congress
is THAT Mr.. Cleveland is going to take a
| h.ol, +r,cl. in the Hawaiian affair and