Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-05-11
FINANCE AND TRADE.

4
Inc Disturbed Condition Of the Money
| and Stock Market Has No VERY serious
Enect ON business Generally-The Bad
weather and Backward Season n Mor4
fosene Cause OF Complaint-Business
Failures, Etc.
NEW YORK, May 6.-R. G. DUN q
Co.'S weekly review of trade, published
this morning, says:
HAD business in Wall street been unsound or
unhealthy, the collapse of prices during the
past week might have caused panic Nearly
al STOCKS fell, but the tndustrials were most
seriously depressed, while the average decline
In all stocks was about s6s per share for the
week, Cordage fell 80 points: Sugar 40 and
manhattan 70 Several failures occurred with
out general disturbance. and the appointment
OF receivers for the Cordage company was in
some sense q relief. Other speculative mar
kets are on the whole rather stronger than
week ago, and the business OF the country.
though by no means equal to expectations. is
not as yet greatly disturbed by the condition
OF the money markets. Gold still goes abroad,
Out the treasury has not lost materially in re-
serve during the week. At nearly ali points
the backward season and the bad weather,
Win slow. collections, gives cause of COM
plant
At Boston the dry goods retail business is
SAID TO be the smallest for years. and the
wooden goods trade is dull. with slow orders,
Whlle prices OF some cotton goods are lower.
Inc shoe trade is quiet. with slow orders for
Iai goods. Trade in rubber goods has i'm
proved, but groceries are quiet. and the furni-
ture trade complains of bad weather. Phila-
delphia reports forced sales of iron by south
ern furnaces, dulness in dry goods. tobacco
liquors and chemicals, and poor trade and col
lections In jewelry, paints and groceries At
Plttsourgh the iron trade Is still more de-
pressed. but business in glass is fairly
good Trade in Cincinnati is quiet, but
corrections are very slow and money is in
active demand. At Cleveland business in
hardware and groceries is fair. but in other
lines quiet. and at Detroit the backward sea-
son causes shrinkage of 10 to Is per cent. in
orders. At Fort Wayne bad roads and slow
collections are reported, and at Indianapolis
money Is close though the grocery trade is
Disk and the manufacture of bicycles ac-
tive. Chicago reports shrinking trade, slow
COLLECTIONS money comparatively tight. de-
crease of Is per cent. in eastward shipments
but increase in real estate and building Re-
ceipts OF dressed beef gained comparedewith
last year % per cent; of sheep, 60; of barley,
llo, and OF wheat a40 per cent. While in cured
meats the decline is 20 per cent; in lard and
corn and hides, 80 per cent; In oats, in broom
corn and cheese AZ, with some decline in seeds,
Hour. cattle, butter and hogs. Trade improves
at Milwaukee, though seeding is retarded by
bad weather. At Minneapolis and St. Paul
trade Is dull, the bad weather preventing seed
Ing and collections are slow. At ST. Louis
business Is active and collections
heavy; particularly in dry goods.
Grain receipts are large and the
river export trade unusually heavy. Money is
In healthy demand, and country advices are
good. Kansas City reports better trade and
improvement In the weather, and at Omaha
groceries are very active and dry goods are
In fair demand. St. Joseph reports better
trade than a year ago. but at Salt Lake City
collections are slow and money close. Al
most southern points trade is improving,
though money is close: at Nashville the fnan.
c1al situation Is quiet; at Little Rock collec-
lions are slow and heavy rains cause some
anxiety; at Macon trade is good in groceries
and dry goods. and at Knoxville and Columbus
somewhat improved. At Augusta business is
dull, but collections are fair. and at Savannah
trade improves and especially in naval stocks
Business is gaining at New Orleans though
crop prospects are less favorable on account OF
the storms. At Jacksonville trade Is very fair.
but at Charleston dull, with collections very
slow. The iron trade shows no Improvement
There is pressure to sell from the west.
Southern No is sold at 80 20. At Pittsburgh
iron is slow. Sales of 1900 pounds
lake copper to customers at IL cents.
In the boot and shoe trade there has rarely
been such dullness, though orders continue to
exceed last years. Receipts of cattle at the |
west are slightly larger. Wool sales at BoS-
.on Philadelphia and New York for the year
Ire $500 900 pounds less than last year to date
The decrease ia April being 10000 pounds. |
Trade in wOolenS is narrow and disappointing,
Ind in eottons waiting and uncertain. Specu-
ative markets have been rather strong: wheat |
has advanced cent, corn Ia cents, and pork |
8 cents per barrel. with scarcely any dis |
,overable reason. Oil has dropped nearly |
cents per barrel, and the common un- |
hanged, though sales here have been heavy. |
Prices OF commodities average 40 of 1 per |
,ent. lower than a week ago and the tendency |
S downward monetary difficulties increase.
The business failures during the past seven /
lays number, for the United States, 216: Can |
ida, "a; total. 243, as compared with 23S last /
week and 20s the week previous to the last
Tor the corresponding week of last year the
lgures were 2O9. representing 1856 failures in |
he United States and q in the Dominion OF |
,anada - |