Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-09-21
MONEY AND BUSINESS.

A More Hopeful Feeling Throughout the
Country, According to r.. g. DUN = Cos
Weekly RevIew-Kugfness Gradually
Pulling ITSELF Together Again and Many
Industrial Establishments Resuming-
Business Failures Etc.
New York, Sept. 16.-R- G. DUN &
Co. IS weekly review of trade, published
this morning, says:
Returns from every part Of the country show
decided improvement. A hopeful feeling pre-
walls. Money grows abundant at speculative
centers, and somewhat easier for commercial
purposes. The number OF establishments re-
ported as resuming work, thirty-one wholly
and twenty-six in part, still exceeds the num-
Der closing, thirty three for the past week.
besides ten reducing force, so that the hands
employed have somewhat increased. The num-
Der unemployed is still very large The great
Industries are still far below their normal
productiveness. and part OF the resumption OF
work has been secured by low ering prices and
reducing wages. Business Is pulling itself to-
gether. and even the crop report has caused lit
tie depression In stocks. Industrial improve
ment is largely In cotton, and otherwise ap-
pears scarcely more satisfactory than last
week. About twoethirds Of the Fall River
mills are operating. but at reduction OF 10 to
Is per cent. in wages, and there has been
sharp cut in prices OF some leading cotton
goods.
Several shoe factories have started in part
but orders are said not to be enough to keep
half the force busy, though distinct improve
ment is noticed. Shipments from Boston tor
the week show decrea ,e Of 40 per cent.
Several glass. pottery. hardware and silk
establishments have resumed with number
making iron specialties. though none OF them
with full force. In all eighteen reported
metal works have started in part and
six wholly. while thirteen have stopped
and fourteen have reduced hands or
wages. The output OF pig iron September l
proves to have been 1920 tons weekly, de-
crease of 81, 934 tons since May l. indicating
that only "a per cent OF the working force
were employed. But in this industry business
revives more vigorously at the west than in
the east
An obvious effect of short crops Is that rail
road earnings may shrink, with smaller de-
mand the coming year. for iron or products and
for stocks But the stock market yielded very
little after raising nearly &1.6, per share on
Saturday and over 80 cents on Monday. Album
dance Of money seeking loans on collateral and
call tends to render the market Indifferent to
public absentation and reduced earnings. In
September thus far the decrease in earnings
has been e2.2 per cent. on scattered eastern
roads. 1913 on trunk lines, 1913 on western wheat
and 22.6 on western corn-carryfng roads; 2S2
on southern roads, and 1875 on Pacific roads,
averaging for all thus far reported 14.7 per
cent.
The restriction of domestic trade is shown in
clearinghouse returns at principal cities. which
declined 23.4 per cent. compared with last year,
but it is too soon for improvement just COM
menced to affect payments. Expectation OF
large foreign investments is not yet realized,
and exchanges have declined toward the gold
exporting point, as future exports Of products
are liable to be restricted by the shortness of
crops and the advance in prices here.
Exports last week were large, and for two
weeks have been 80 per cent more than last
year; while decrease of $1,000 0)l in imports
for two weeks, is largely due to the fact that
stated last year in paper worth about 40 cents
on the dollar.
The number of firms failed have greatly
diminished. The failures reported this week
have been. in the United States. only 314,
against 32l for the previous week, and 15i last
year; and in Canada q, against % last year.