Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-08-10
TRADE REVIEW.

r. q. Dun q Co.'S Weekly Review OF ene
rondttioa Of Trade Throughout the Coun.
try-A Slight Recovery In wheat anu
/ Pork and tho Volume OfD0mestic
Hut slightly Dfn,inislicd. NORTHUMBERLAND
the Cont ~ ed Bank Failures-Tho Cios-
inc Of shops and Mills the Oyershsdow-
ing Fact.
New YORK, Aug. Ar. G. DUN
| Co. IS weekly review of trade, pubiisneo
this morning, says:
Wheat has recovered about 4c and pork y OF
more at Chicago, and orders Tor exports n
caused sudden advance in ocean irelsn
With the great surplus OF wheat proush. w.
from previous years the country Will De apie 70
meet all demands. even though the crop proves
smallrenough to justify considerable aosaneo
from previous prices. With o good crop OF COZ.
assured unusual Accommodations OF PORK "n0
hog products would be safer on the ocean u IN
in Chicago warehouses and more heipiui W
the country.
Stocks a. the lowest point this week
averaged little more than "a. 10 per share. Dull
is yet a long way down to the prices OF ion'
aging at the lowest $3.50 per share. ana TUG
contras. between the condition and earnlngao.
railroads now and then is greater tnan tno WI
ference in prices. Railroad earnings cohtit'ue
| fairly satisfactory though they SHOW recsns
decrease and reduction OF rates Tor Woria
fair travel For good stocks some recovery
from such fall as that OF last week was iaes
yitable and its rapidity indicated how many
stocks had been absorbed by investors mere
and abroad. Though too sudden to be neaitnS
or enduring. the rise doubtless reminds some
brokers that it is not safe to sell stocks neio
| for customers. Signs OF reaction appeared on
Thursday and also early on Friday. but me
coming gold 10 expected to give further raise
to prices.
Bank failures have been almost as numerous
this week as for the two preceding weeks out
fewer have been of more than local import
ance. The westers states show greater dls--
frvS mr. uooly IA
1e9 banks failed since March, 5 were In east =
ern. 40 in southern and ISL In western
states Failures OF national banks numbered
So, Of state banks ~. and Of private banks ".
In anxious efforts to fortify themselves barks :
throughout the country have locked up O -
large amount Of currency, and the deposlt''rS
who have drawn their accounts are also Keep
ing out OF use many millions AS the entire
circulation of bills of less than s. each Is hut
s7l 100000, while the depositors in savings
banks number nearly 5,0o0,O 900. the withdrawal
or the mere withholding OF accustomed .:e--
posits by considerable proportion OF tn en-
would put out of the market much OF the small
notes. The demand for these has been so
great that shipments of silver in many cases
have been greatly reduced and the difficulty OF
getting currency for paying employees causes a .,
premium for currency in cases ranging as h1yh
as per cent. Closing Of shops and works for
lack Of orders is the overShadowing fact. Y ct
many stoppages are only for few weeks I'm
less circumstances lead managers to extend
ii
demand has not been reduced in proportion to
the decrease in prouddction, that their orders
may presently enable many works to resume.
Sales Of wool are not a third of last years,
and since the new clip the decrease was H.
75O, 2i0 pounds about 80 per cent. Most or
the large carpet mills have closed, u large.
share of the works producing mems woolens,-
and many of those producing dress goods fan
nels and knit goods Prices are weak. and yet
so low that much decline seems unlikely.
The Carnegie and some other iron works
have almost ceased producing. and yet the de-
nland brings no further stimulus. though prices
in this line are low that makers prefer tor,
stop than to take lower. In boot and shoe
shops the situation is nearly the same. eastern
shipments falling of about quarter. Gold
imports may help to revive the credits upon
which great share OF the business depends.
The volume OF; domestic trade indicated by
railroad earnings is but 6 per cent. smaller than
last year and clearin9s at the chief cities
show decrease of Is per cent. outside thea
railways. While the failures Of the week num-
Der 4:6 against 100 last year, great proportion
are at the west, and it is cheering to note that
comparatively few Of Importance occur ex--
cept in connection with speculative opera
tiOnS.
The failures for the week number 436 in the
United States against 100 for the same week
last year. and 81 in Canada. against "a last
year. The number contributed to the failures
we're largely in the west. There were three,
failures of million or two at Chicago. owing
to the break in the pork deal and in New York