Iron County register., 1893-03-02
COMMERCIAL REVIEW.


The Trade CnnSaitioDs Throughout the
Country N Reflected Through r. g.
DUN = Co.'S Weekly Rcview-TheG General
Volume Of Trade Exceptionally Good
Tor the Season BusIness Failures for tho
Week. Etc. e;
New YoRK, Feb. a5.--R. g. Dun s
Go. s weekly review OF trade says:
The collapse OF the coal combination formed
year ago ry the Reading railway and sharp
depression In sugar stocks and q few railway
stocks have made the week one OF unusual ex-
cftement id speculative circles. But while
~ 600 gold has gone abroad this week, and
&o.uUOO0 more is expected to go to-day, there IL
no increase OF apprehension about the none
tary future. and the business world pays little
attention to the action or inaction OF congress,
though the increasing probabilities of an extra
session are regarded with some interest. The
volume OF trade has not been diminished except
py severe storms and the holiday on Wednesday.
and the activity 1f the great industries Is
unchecked. At Boston dry goods are active;
the textile mills are employed to their full ca
pacity; wool is steady. with sales of 100000
pounds and prices of fleece the highest for o
long time; shoe shops are busy. with prices
nrn, and coal retafls at lower figures, while the
trade IN groceries is go ID Philadelphia re;
ports some uneaSinesS among lenders on ac-
count OF the xeading failure, but the banks are
well supplied for legitimate business. Iron is
weaker; tobacco, jewelry. paints. oils and glass
scarcely changed; dry goods active. with espe-
cially heavy demand for dress goods; wool
strong and chemicals steady. Baltimore re-
ports larger trade than year ago in dry goods,
shoes and rubber goods, and the clothing
trade is excellent. Iron is In-
changed at Pittsburgh, and finished products
fairly active, while glass holds its recent ad-
vance. Cleveland shows improvement in gem
eral trade. with iron firm and money easy. Gro
ceries and canned goods are more active than
last year at Cincinnati. and foundries and ma
chine shops busy at fun orders. Furniture
manufacturing opens well at Indianapolis and
groceries continue active. while Detroit reports
larger business than last year. At Chicago
the feeling in leading branches of trade is
good with larger business than year ago and
collections good. except in regions where
storms cause delay. Milwaukee notes fair
trade and good outlook. At Minneapolis tad
weather retards jobbing trade, and the -four
output is slightly decreased, but prospects in
lumber and the building trades are excel
lent. At Omaha trade in all lines is good; at
ST. Joseph the trade in dry goods is active, but
collections in other lines are slow. At Kan
sas City live stock receipts are liberal, grain
receipts light, but jobbing trade has full
average. St. Louis reports brighter promise
from the prospective resumption OF river
navigation. a good outlook for spring trade and
fairly prompt collections. At Little Rock pros
poets are improving. Memphis trade is looking
up, and business is fair at Nashville. though
collections are not quite so good. At
Atlanta trade is good. Mobile reports
fair trade and satisfactory collections,
and at New Orleans general trade is only fair.
but building contracts are heavy, mills having
all the orders they can fill. Sugar is in light
demand and rice dull Savannah reports dull
trade, but active demand for money. while at
Charleston trade is improving Speculation in
products has not been heavy. Wheat is q cent
lower, with sales of only 100000 bushels. and
corn and pork products scarcely changed.
Cotton is an eighth higher. notwithstand-
ing the continuance of the English strike,
but sales are small. and the probable
failure of the anti-option bill Affects
the trade more than conditions OF supply and
demand. Cattle active at Chicago receipts be-
ing 5000 head this year against $4,000 last
year to date. The coal market hNS not as yet
shown important changes in consequence OF
the Reading failure. and it is supposed that
the receivers will adhere to the policy hiherto
followed. Iron is still the weakest figure in
industries and pig, not of the best brand. Is b
shade weaker than week ago. Business In
bars is unsatisfactory: plates very weak.
and while structural works are full Of orders,
competition is SO sharp that prices have little
claim to improve Copper and tin remain quiet
and lead is dull. In the boot and shoe trade the
high cost .of leather causes manufacturers to
charge better prices for their products. which
are extremely low, but nevertheless shipments
continue the largest ever known for the time OF
year. Cotton manufacturing Is thoroughly
healthy, dividends at fall River being the largest
for four years. and some advances are noted In
prices of goods. while prints and print-cloths
are very firm. Knit goods are exceedingly
active, and carpets sold far ahead Of produc-
tion. Spring wear in mems woolens is not
quite as active as it has been. in view OF large
transactions already for the season, while in
dress goods the greatest activity continues
The treasury has not materially changed its
balances thus far, in spite of gold shipments.
The exports of merchandise from New York
are o little more satisfactory. closely approxi-
mating last years for February thus far. Inn
ports continue extraordinarily large, and the
outgo Of gold must be expected to remain
heavy as long as present trade conditions
last. unless foreign purchasers OF Amerf-
can securities should come to balance their
account. During the past week. prices of stocks
and bonds being much depressed. the market
has noted such purchases in considerable
amount, but it is not unlikely that foreign dis
trust OF American companies will be somewhat
increased hy the developments in the Reading
and the Northern Pacific
The business failures during the past seven
days number, for the United States. 1893: Can
ada. ST. total, 230 as compared with 5234 last
week. 2c6 the week previous TO the last and 80
for the corresponding week Of last year.