Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-07-20
MONEY AND BUSINESS.

The Financial and Commercial Condition
| of the Country. According to II. G. Dun
Co.'s Weekly Review-But Little Inn
provement i'm tire Financial Stringency
| Eut Business Showing a Little More
| Activity in Some Lines-Failures for the
Week, Etc.
New YORK, July 15.-R. G. Dun &
this morning, says:
| There is some improvement in business be.
cause the money markets are a little less strin.
gent, but it cannot he said that vet there fl
any distinct improvement. New York banks
have received some money from the interior,
but are not yet clear that it is best to retire
clearing house certificates, because there are
said to be weak spots which may yet require
liberal extension OF credits. Other cities have
drawn less from New York because their bust
ness is restricted. Some gold has come already
from abroad and more is expected within tina
next week, but exports OF products do OF in
crease as much as has been expected.
Improvement at Boston is slow owing to ex-
treme rates for money. Shoe shops are short
OF orders. and some have closed. Leather is
quiet and tending downward. and rubber goods
are Gull There is a lack Of orders on cotton
goods Woolens are slow. and many of tbs
mills are running short time, and the mar
ket for wool favors buyers.
At Philadelphia it is still hard to place good
commercial paper Small dealers are boarding
for important products. The unreasonable
weather has checked operations in dry goods.
Chicago reports unusual caution anon,
bankers, though it is believed that the worst il
over, and a fair trade in merchandise, though
collections are slow. Improvement is ex-
pected from the resumption of business in iron
and silver regions. and the building trade
shows signs Of revival with materials % per
cent cheaper than last year. East-bound
shipments are slightly smaller than year ago,
nd
ceiptS OF most products smaller.
Trade at st. Louis is very satisfactory. with
good orders for fall and business ahead of the
average season.
trade is very dull and the wage question is yet
unsettled; the glass trade is in fair condition,
and the coal business dull.
AT Cincinnati trade is quiet money shade
easier and bank deposits increasing
The exports Of products are light; for two
weeks at New York it is only i3s1a, 60 against
1873. 759 last year.
In June the exports of breadstuffs, provisions,
cotton. oil and cattle amounted to over S39 719,-
753 in value, against $40. 1872. 200 for the same
month last year. with noteworthy decrease in
quantities of most products. though in wheat
and oil the loss in value was due to 4 fall in
prices. Speculative markets have not been
active during the past week. though wheat is
Ia higher. and cotton one-eiGhth higher. With
small transactions. prices have tended upward
as the monetary stringency has relaxed.
The treasury has not materially affected the
financial situation during the past week and
has taken much less than the usual quantity Of
silver because hut little was offered at the
market price.
The stock market has been distinctly weak
though without symptoms of a panic and the
average decline in active railroad stocks has
been about So per share.
The failures for the week mum Der 374 in the
United States. against 1853 for the same week
last year. and % in Canada, against y last