Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-07-13
MONEY AND BUSINESS.

MONEY AND BUSINESS.
The Weeks Business and General CIV.
look Throughout the Country as SHOWN
by II. G. Dun Co.'s Improvement IN
Tore and a Better Feeling Noticeabie I'M
Most Quarters the week N
New YORK, July 8.-R. g. Dun ~
Co.'S weekly review of trade, publisheo
this morning, says:
The tone in business circles has percephpy
improved This is partly because the panks
have been rendered more hopeful OF an clIS
financial settlement by the calling OF an extra
session of congress. partly because OF some re-
covery In prices from the sudden uepro1 ST.
which followed the decision to close the inui"
mints and partly because crop prospects ha.o
clearly improved in spite OF dlsmal rePorls
from some sections. On the whole, tnere nus
been a little better distribution OF gooos W
consumers and perhaps the countermanoihs
of orders given some months ago is not quite
as frequent as it was last week Inc more
hopeful symptoms are gladly noted put wniio
the causes of depression remain, IL wouio 10
rash to calculate that difncultles VIII NOV Ie
appear. Soon large sums OF money Will 10 lS
Quired to move the crops, and IN the presene
state of the money markets some stringency -
not improbable.
Boston reports little more activity ana
financial relief is expected during the month.
Shoe factories are generally closed for repairs
and not many buyers are seen, leather DeinS
dull and accommodating. Rubber goods ana
crude rubber lower. Dry goods are quiet ou'
prospects are thought favorable COTTON
mills hold small stocks, but print cloths
are dun and lower woolcns are
quiet. spring orders being slow ana
the clothing trade Is quiet, with prices cut TO
clear of stocks. The demand for WOOL Is
little better, low prices attracting buyers pu.
building is still restricted by strfngency. AT
Philadelphia q better feeling exists in banking
circles and there is considerable trade In man
ufactured iron at low prices, the business ZOE
the half year being large though with scanty
profits. Retail trade in dry goods Is better ana
the distribution thus far equals that OF iast
year, but prices reduced. Wool Is de-
pressed and the outlook unpromising Other
trades are reported quiet. Business at Baitl-
more is generally dull. Trade In hats fair ana
in fruits and vegetable large. Iron has another
drop at Pittsburgh. though many furnaces
closing for reduction in cost OF wages.
Cincinnati reports little improvement with
close money. At Cleveland manufacturing Is
unusually dull and few loans are being MADE.
At Detroit the volume of jobbing for the half
year equals last years. but many fall orders are
Cancelled on account OF the decline OF ore sill
yer. wheat and WOOL Indianapolis reports
many manufactures lille and the jo5bing trade
quiet. AT Chicago the borrowing demand Is
still heavy and banks conservative, and the
outlook depends upon the silver question.
Jobting trade is we'll maintained for the sea-
son and local trade is good, but there Is much
complaint Oh COllcCtlOuS. NcCCiptS VI AAoSs
products show a decrease compared with last
year. East shipments decreased IL per
cent. and clearings IL per cent. Milwaukee,
reports fair trade for the season, and Mime
apolis the same with reasonably good collec-
tions. though the lumber business decreases
with financial pressure. At st. Paul trade fS
restricted, but at both cities n better feeling
prevails. crop prospects being favorable. AT
st. Louis trade is quiet. but collections very
fair, while banks are still most cautious AT
Kansas CITY trade iS fnir the coli
lections below average and receipts
Of cattle liberal, but OF hogs
light St. Joseph reports collections
slow and money very tight, and Omaha
reports good grocery trade and other business
quiet. At Denver several Of the suspended
banks ere expected to resume, but merchants
are countermanding orders and the silver
mines have generally stopped. Nashville and
Knoxville report a better feeling and Mont
eomery quiet trade; ut Little Rock business is
very dull and at Augusta and Atlanta quiet,
With money comparatively easy Galveston
reports the situation fairly good in Texas with
few failures and prospects Of more than an
average crop Banks care for customers, but
discourage new loans. New Orleans notes no
Improvement. money tight and collections slow,
but crop reports excellent except in overfiowed
sections. At Mobile banks are more free: at
Jacksonville trade is favorable, collections
slow and banks cautious ana at Charleston the
tone improves. though money is tight. trade in
groceries fair and in other lines moderate.
Nearly all produce markets are higher than
q week ago, in spite Of more favorable crop re-
ports, money being easier Corn and oats have
risen fraction and lard an eighth; hogs half
n cent lower. Coffee is quarter higher and
cotton has advanced q sixteenth, with gloomy
Atlantic reports, while western prospects
reported bright.
1t is believed the strike in the iron works
will be avoided at the meeting to-day and
4 reduction OF to Is per cent. in wages
for finishing accepted. The market for pig
npd steel rails is very gloomy, raflmalers
having about reached the end Of their orders
yet the consumption OF pig has been $780, 900
tons larger for the half year than for the last
half Of 1892. stocks being reduced rs 600 tons
Heavy contracts for iron have been made by
agricultural implement works. locomotive
works were never buster; the Cramps and
other ship yards are well employed. Hard
ware, stove and other special works are busy
with good prospects, and yet prices for pig are
SELL and in general prices of iron prod
duets are the lowest ever known. Copper
is lower. at a half cent, despite agreement to
restrict production and exports. Tin is de.
pressed by the surplus of 1910 tons and the
idea that the new duty may he rescinded
Lead is sitter at the closing OF silver mines
Textile manufactures are duller than usual for
the season. ana the dullness in shoe manu-
facture is almost unprecedented, many buyers
concentrating orders. Money has grown
easier. but it is still hard at most points to
get accommodations, as banks prepa ring for
larger demands. Foreign trade shows little
change, exports being much below last years
and imports quite large. Stocks are dull and
inactive. with some signs of more foreign dis
position to buy, but prices are only a fraction
higher.
The failures for the week number s2i in the
United States against 1873 for the same week
last year. and 23 in Canada against IS last
year.