Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-11-30
WEEKLY TRADE REVIEW.

WEEKLY TRADE REVIEW.
The Condition Of Business Thoughout tn
Country ~ Reelected Through X. g. Ous
4 Cos weekly Review--All Branches =.
business In Waiting Mood and
vlyal. In consequences. Proceeds SLOWLY
The Weeks Failures, Etc.
New York, Nov. 25.-R. G. Dun q
Co. s weekly review of trade, issued To-
day, says:
Consumption increases slowly, and 81 !
branches of business ore waiting .ior AZ.
growth. There has been . little fmproveMo.s
in stocks about a. 25 for railroads and ~ Gems
per share for trusts. while the price OF prou.
ucts has declined q little on the whole. Dut .l9
volume of business has some what fncreascu.
Exchanges through clearinghouse OUTSIDE =.
New York show decrease OF only - -
cent. for although last years business o. tnis
season was extraordinary the week included
the Thanksgiving holiday. The railroad earn.
ings for the month thus far are only S.S PC.
cent. less than those Of last year, the decrease
for the latest week being even smaller IN
freight earnings.
Trade waits for the revival of industries. ana
the week's'returns respecting industrial prog
ress are rather conflicting. There has been
heavy sale OF cotton goods at very satisfactory
prices, and the market has decidedly strength
ened in consequence. Though the production
in this iranch is still somewhat less than 1t
was year ago. the market for goods for cur
rent prices is strong. In woolens there IS
substantial increase in the demand. notwitn-
standing the fact that several mills, each hav-
ing orders for u thousand pieces or more, nave
closed the orders being not so assorted as 10
give them profitable employment But sales
OF wool have been the largest since September
1892, amounting. at three CHIEF markets, 20
s,8s5 80 pounds, against 4.8l3, 500 for the same
week last year. and when II is stated that many
purchases are Of a speculative character there
is evidence that large buying by active mills Is
prompted by increased orders.
In the manufacture OF boots ana shoestne &c
mand employs an increasing number OF rae
tories, and the orders are in numbers about rs
usual for the season, though smaller In guam
THY. The shipments from Boston. accord
ing to the Shoe and Leather Reporter, show q
decase OF IL per cent tor the week. A gradual
increase in business Is reported at all centers,
not wholly confined to orders for immediate
delivery.
new compact of the steelrail producers
the Pennsylvania and Maryland works having
been leased to others in order to keep them
idle-has checked the increase in purchases OF
ore and coal and other materials, and the
Pittsburgh manufacturers playing havoc
with eastern markets, though the prices made
in that region are so low that their continuance
cannot be predicted. There Is o considerable
increase in the number OF concerns In opera
tion but there does not appear much gain In
actual consumption OF pig iron and prices
ere as low as ever. 1t is stated that
British purchase OF 5000 tons OF Alabama
coke iron has been made at $7.25 at mill. Even
in the Pittsburgh district, where business
seems more active than elsewhere. the works
are not fully employed, and the state OF the
manufacture is shown by the returns of Con-
nellsville coke furnaces, OF which Sass arc i'm
operation and l 1 OS are idle, the output being
81, 755 tons weekly.
In minor metals the sale Of 100000 pounds
of copper at OF cents by the Calumet and
Hecla has been followed by higher prices, and
lead and tin arc both hrmer.
The markets for produce have been irregu-
lar. Wheat has advanced cent, though the
receipts have been 1900 900 bushels, against
s. 400 200 last year. and the exports from ATTAIN
tic ports only 10000 bushels, against 1,9ol0o0
last year. The corn receipts are remarkably
large, amounting to 100000 bushels, against
1 1901 600 last year. and the price has declined
cent. There has been slight decline in oil,
about quarter OF cent in coffee and also In
hogs, and 81. so in pork.
Cotton is u sixteenth higher. though con-
siderably depressed during the week, with
receipts of 242.OO0 bales against go, 900 for same
week last year. and the belief in short crop
does not outweigh the fact that stocks abroad
and at home are 3,2i2, 900 bales about 40 per
cent. OF a full years consumption.
Money continues to accumulate and is loaned
at per cent. on CALL and rs low rs per cent.
on the best commercial paper. There has
been improvement in the market since the
successful sale of cottons, but the country
lanks prefer to pile up their balances here to
be loaned at low rates on coll rather than Il,
buy paper below per cent. Maturing notes
hare teen met much better than was expected,
and throughout the country collections, though
slower than usual, show q stronger condition
of trade thar has ever been known immedi-
ately after q financial revulSion.
meeting of the clearinghouse committee
this week gave rise to erroneous rumors that
some bank was in trouble. the real object be-
ing to provide for gold deposits on account or
England has produced no effect of consequence
abroad or here The expo.NS continue 20 exz
coed imports largely. For t6fes weeks et
York exports were sac ,5l8,34i. againse $sS 49,
1856 last year. while the imports were 81 93i O2o
against &37 l59.9a3 last year. In October the
excess OF merchandise exports was S36.OO0OOO.
and with allowance for differentiation of Inn
ports and for interest due abroad there would
still be a heavy balance due this country which
does not appear to have been met by q move
ment of securities, as Europe seems of late
to have been buying, rather than selling. The
phenomenon probably indicates settlement OF
commercial loans made during the period Of
panic.
The failures this week number 387 in thu
Unitcd States. against 1870 last year; and "a in
Canada. against 20 last year; but the list this
week includes some OF more than usual impor-
lance. For the preceding week the liabilities
OF firms failing amounted to only g 5268lc
against S3727.467 the week before but the
weekly average is far beyond what it would ba
IN times OF prOSperity.