Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-10-26
TRADE REVIEW.

The Condition OF Business Throughout
the Country - Reelected Through =. g.
DUN = Co.'S. Weekly Review Mucn
Gain In Hope. But little In Actual
I3usiness-Customs and Internal Rev
enue Receipts Materially Decreased
Business Failures. Etc.
New YORK, Oct. 21.-R. G. Dun ~
Co. s weekly review of trade, issued to-
day, says:
There has been much gain in hope and Q lit
tie In business. Assurances that the repeal
bill win soon be passed have been received by
traders as o reason for buying things specula-
tive at higher prices, and with money abun-
dant on call-eSS. 900 900 having been received
| in this city within ten MISREPRESENTATION in
stocks and products has nm unusual stimulus
and would have expanded more but for con-
ttnued embarrassment Of industries. Stocks
have gained during the week IS cents per share
on the average for railroads, with sales OF
100000 shares.
been anticipated. and the street reasons that
many other stocks are selling on q receiver
ship basis already, and that In general the
worst that is likely to happen has been dis
counted.
Wheat has risen Il cents helped by heavy
foreign purchases, and in spite OF better crop
prospects corn is rating stroyer. Pork has
been lifted so far that another collapse Is
feared by some. Petroleum has been advanced
cent and Brazil spectators arc supposed to
be utilizing commandments to increase the
value OF coffee.
with these good signs are some not so good.
Renewals of maturing notes to u larger
amount are forced upon the banks here, though
practically all tho clearinghouse certificates
have been retired here and at Boston. BUSH
ness is So slow that merchants are asking for
few new loans, and yet the aggregate OF COM
mercial Indebtedness must still be large The
state Of the treasury excites remark. its gold
surplus having fallen to &c. S2S .5S0.
Imports are far behind those of last year md
the accumulation of goods in bond Is unusu-
ally large, so that customs rs we'll rs internal
revenue receipts decrease heavily. The root
OF the dificulty is the decrease in consumption
Of all kinds. and in that respect the week has
brought no perceptible change. This shrink
age appears less in cotton here than In some
week there was slight Improvement In the
market for some goods But some large mills
which recently resumed have stopped again.
and while the number reported in operation In
crenses. the condition OF the markets indi-
Gates plainly that few are working ut their
full capacity. The reduction of wages has
been general and dies not tend to increase the
consumption OF goods. The caution OF boot and
shoe manufacturers, 1t is believed. has enabled
that industry to work into safe position. but
while the stocks Of dealers ore unquestionably
very low. orders received are not enough to
fully employ the sho ps In operation. Some
improvement Is reported and the decrease In
eastern shipments compared with last year Is
but - per cent. for the week. In silks. mixed
textiles and knit goods the situation has
not changed. and the demand is small.
In woolens. o slight improvement is
perceived in orders given and tho
number of cutters employed, but about rs
many mills are closing as resuming work. and
the sales OF wool at the three chief mills have
been 3,0sS,500 pounds. against 6033,0oo last
year. There has been some buying at the
west and one or two carpet houses are starting
since the export of $4,000 rolls has upset the
English market but IL the home market were
in nc rmal condition the exports would not now
have been tried.
The exchanges at the principal clearing
houses show decrease Of 25.5 per cent for the
week. which is less than appeared some weeks
ago, though 1t may be partially due to the un-
usual volume OF payments deferred and now
made only in part.
The failures this week number $40 in the
United States. against 21O last year; and IS in
Canada, against 25 last year.