Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-10-05
WEEKLY BUSINESS REVIEW.

WEEKLY BUSINESS REVIEW.
rhe Condition Of Business and the no s.S.:s
Market as shown by R @. Dun -
xv..LIv Revicyr-The Quarters List o.
lsusiness Failures . Record Brcaka
The Delay In Congress Making Cc
dence slow Of Growth and Buslne
Drags In Consequences.
New YORK, Sept S0.-R. u. Dun
Co. IS weekly review of trade. puDlisne0
this morning, says: -.
A complete statement OF failures .oA
quarter which will close tonight Is not poss,
Bile, but the number thus far Reported Is 49, 49,
1000 and the aggregate OF naoilties 1oo1
si5O. 900 600 greatly surprising the RECORD "a
any previous quarter. For the past Wen . ~
failures have been $40 In the Uniteu S,
against III last year, and in Canada ~ asains'
I 81 last year. g..
Hope deferred" explains the past week IN
pert and it is doubtless true that mauy ~
dulged in reasonable hopes out business 10.
not entirely answered expectations.
ing of disappointment is commonly ascrioeo "
delay of action on the silver bill in the senate
It is also true that many WORKS Wnlcn nas -.
sumed operations do not find orders as larso
or the demand from customers as vigorous Us
they anticipated and will cause some ques
lion whether they will not close again.
While money on call has been abunoaht anu
cheap and about a SOC. 900 clearinghouse cei.n-
icates have been retired there Is perceptioio
here and at some western points. Commence
proverbially slow of growth, has some"na1
diminished, in part because advancing exchanso
suggests the possibility Of gold exports.
During most Of the week speculative "ealr
ness has found expression In lower prices.
Stocks were more active but lower: railroads
declining on the average el.42, and trust stocks-
e160 per share to "Wednesday night. anu tne fo
covery has since been small. Railroad earn
tngs for September show q decline OF hali per
cent compared with last year. which Is not
better than the August report. though tho TO-
turns for the second and third weeks were Det
ter than for the first week. On western INES
and trunk lines the decrease is somewhat
smaller but southern and Pacific roads DO
not materially improve, and east
bound shipments from Chicago snow a.
decrease of IA per cent. for last week. WneaI
receipts decreased again and Eel! far pehlnu
last years. but stocks in sight are too neaVy
and the price for December fell nearly l cent
Corn continues to come forward freely ana
crop reports are not more favorable, but tne
price fell Is cents.
Changes in pork products were obviously
due rather to manipulation than to any change
in the outlook Cotton declined about $40
with no great change In the movement or IN
crop prospects and with increasing work cy
the mills in this country. When stocks are
unusually large their very weight overbalances
all other considerations. The cotton
market is gaining more than any other.
and there is a stronger market Tor print
CLOTHS ana prints WnlIe some TeOuCtAoh
has helped to stimulate trade In other goodS.
The enormous decrease in production for the
past two months begins to be felt and sales
are larger. though much below the usual guam
tity. Trade in wooden and dress goods Is bet
ter, and there is a little more demand for men 8
woolens though not enough to keep employed
the increased number OF mills now running.
Clothiers are cutting up more goods, 1t Is
said, but the change is not greater than prepa-
ratlons of samples for another season might
onn and Shora NOT
OH old stocks by opening retail stores ana Sell
ing at manufacturers prices.
Sales Of wool last week were 1895. $50 pounds
against 6,64s. 600 last year; and for four weeks
H. 473 275 pounds against 81 ,OSO50O last year,
but it is believed that many purchases are for
investment rather than manufacture.
While seventy-eight manufacturing concerns
are reported as starting wholly or In part,
than a third of the increase has been in cotton
mills, and another third in machine shops. nail
mills, manufacturers Of stoves and hardware
tools and cars, while in the iron manufacture
proper only seven concerns have started,
against three that have stopped, and the out
look does not seem brighter.
Chicago is adding to her marvellous build
ings, and in structural and some other forms
the demand at the west Is clearly increased
But the closing Of the largest iron mine in the
country the Norris, which ordinarily produces
a million tons yearly, indicates the limited
character Of the business At least the demand
for products is painfully Inadequate even for
the scanty force now ut work, and the lowest
prices on record attract little business. It is
said that sale OF steel rails has been ef-
fected by sharp reduction in price. The con-
test between the Amalgamated association and
works in the Pittsburgh region has been set
tied, but too late for most OF the men.
The glass workers have not agreed as to
wages. and stocks are growing low In boots
and shoes the marked activity seen in New
York is not found In the east; the business is
slow and few establishments are resuming,
and shipments from Boston are still 81 per
cent. smaller than last year, but the rubber
works are all fully employed, and the demand
for their product is large.
Clearinghouse exchanges indicate q little
gain. the volume OF business being 1871 below
those of the same week last year. In foreign
trade exports again exceed last years and Tor au
the month about 246 per cent. while Imports
show a decrease for the month OF about 8 per
cent, yet foreign exchange has risen SO far
that exports OF gold to Germany might be made
with little loss. and It is believed that calls
for repayment of gold obtained ON loans
from Europe in July and August affect the rate
more than current business. Though q return
Of part OF the gold has been expected and the
banks have now on hand more than they need.
the treasury stock is SO low that renewed
outflow would be regarded with some appre-
hension. The return Of money from the in
terror continues and largely reflects less
activity than usual ut this season in domestic