Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-08-09
;UN'S COMMERCIAL REVIEW.

| Important Business Changes Near at Hand
| An Early Agreement on the Tariff Ex-
pected to Set Many Wheels in Motion
| The Crops and Movement Of Grain-Im-
| ports and Exports-The Continued Outgo
| of Gold.
NEW YORK. Aug. Ar. G. Dun &
Co. S weekly review of trade, issued to-
day. says:
An important change in the state of
business is near at hand. congress wild
not act on the tariff question one way
or the other in all probability, within
q week. In either case the definite
basis for future business will enable
| many to act who are now waiting.
The injury to crops by hot winds and
drought. if as great as some report,
will affect all interests, but at this sea-
son it is never easy to distinguish be-
tween local and general damage.
After making a new low record
at 5411, wheat advanced II
cents and corn SO cents. The
receipts OF wheat were 6,400, 254
bushels, against 1902. COG last year,
which does not encourage notions of a
| short yield, and exports We're only
/ 1,599. SOB bushels from Atlantic ports
against 3,1s5.4G4 last year. Corn eX-
ports were only 11S.43S bushels against
| 1850, Isl last year. and receipts 1852
S43. against 2.53o ,91G: but it seems I'm.
| deniable that the crop has sustained
considerable injury. Cotton declined
an eighth with commercial estimates
| of yield exceeding $500, coo bales.
| After tariff uncertainties have van
ishcd it will be recognized that pur-
|
will depend largely upon the crops.
But at present the prospect of a deci-
! sion in congress, and the common in
preston that the pending bill may fall
between the two houses, has stirnu-
| lated some activity in textiles. Sales
of wool were S,522,OOO pounds. against
3,142. $50 last year and 6, 1856, 400 the year
before and for five weeks ending with
July were 30.ss2.725 pounds, against
| II ASS, $50 last year and 3S,5S6,T5O in
1892. 1t seems that a large part of the
sales this week We're to fill orders
actually booked, and the rush of be-
lated clothiers and dealers to get goods
for the fall trade gives most manufac-
turers more than they can do for a
month or two. though there seems to
be no demand whatever for spring
goods, and manufacturers are making
no effort to get orders. Wool has been
advanced for many kinds l cent and
the average about half a cent. after the
decline of y cents for May.
The Increment of bleached cottons
has been checked by the restoration of
prices. as it was stimulated by the
temporary reduction to the lowest point
4 10Th
facturers at Fall River are seriously
considering reduction of wages. the
stock there and at Providence being
! ,1S5. 900 pieces. while the lowest price
ever known. , 9-16 cents for Gas has
been made at Providence. As strike
would help the price of the large stock
on hand, one is not improbable.
Recovery in iron manufacture is
hindcred by greater trouble in the
coke regions. where many of the new
colored hands have quit and gone back
to the south and the strikers have de-
cided to continue the struggle.
Somewhat better business appears
at Philadelphia, but the market is
dull. There is no improvement in
quantities of manufactured forms re-
quired at Pittsburgh or the west, and
in general the demand for finished
products is disappointing. Prices re-
main unchanged. though with numer-
JUS small contracts for structural
york; beams are a shade stronger,
While Bessemer iron, bar iron and wire
lails are a shade weaker.
The demand crowds all works pre-
ducing low-priced shoes. while manu-
g.. r. Haf 1of do
pendent upon slender daily orders to
keep their shops in operation. Ship
ments from Boston for the week are 25
per cent. larger than last year, and for
July II per cent, but a decrease as
compared with 1892 of II per cent.
Gold exports this week are about S3,-
100000 and the treasury gold reserve is
reduced to about $50 100000 The
outgo is in part to pay large railroad
and other loans made year ago in
time of especial stress. The main fact
is that exports of domestic products in
July were nearly 30 per cent. less
than last year, while the i'm
ports, though much diminished, for
the time by tariff uncertainties,
are but 6 per cent. less than
last year. There is every reason to ex-
pect heavier imports soon, while the
markets do not give promise of a
strong foreign demand for the great eX-
portable staples Money is now com
ing into New York banks, though in
small amounts and the customary
heavy demand from the west has not
yet appeared. though the wheat move
ment is heavy. Commercial loans are
decidedly increasing, though not
enough as yet to terminate the eXtraor-
binary ease of the money market.
The volume of domestic business re-
fected by exchanges through clearing
houses is 22.6 per cent. less than last
year, and 2S.S per cent. less than in
1892.
Commercial liabilities thus far re-
ported in failures during July amounted
to S9,016.71S, of which S4.5oO,220 were
of manufacturing and Ss,231,47O OF
trading concerns, and the decrease for
the month, though great in compar-
ison with last year, is hardly as much
as has been expected. The failures
this week in the United States have
been 2l9. against 49e last year, and AZ
in Canada against 81 last year.
GRASSHOPPERS IN CLOUDS.
Kansas Crops Again Being Destroyed by