Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-07-19
ouN's COMMERCIAL REVIEW.

The BuOyan Of Business Under Trying
Circumstances Marvel to Observers of
the Fact-Railroad Stocks Higher Than
at the Beginning of the Great Boycott
and Strike-Imports and Exports-A
Falling on in Failures.
New YORK, July IA r.. G. Dun &
Cos weekly review of trade, issued to-
day. says:
When circumstances are duly weighed. the
strength and SOundneSS Of business in this
country during the past two weeks are amaz-
ing. With the second city in the country in
the hands of Iawless and murderous mob. be-
sides many other cities and towns: with rail-
way traffic almost entirely stopped over the
vast area between Toledo and the Pacific;
with presidential proclamations declaring the
existence of an insurrection. and the passionate
answer ordering half million men to stop
work: with a prolonged strike of coal miners
not fully ended in MANY states. and with
differences between the house and senate on
the tariff question so wide that duties affecting
mining and manufactures Cannot be antici-
pated- industries and trade have. nevcrthe-
less. gone on with sublime confidence that the
people and their government would soon re-
store order The Shrlnkage of business and
the depression of values have been unexpect-
edly small. the failures relatively few and IN
important. and there are even signs in indus
tries OF actual progress toward recovery from
previous troubles. 1t is good foundation for
hope that firm and wise action by the govern
ment has been upheld by the loyal people; that
order has been generally restored and the
blockade of transportation has nearly ceased.
and the wage-earnerS have. in the main, re-
fused to arrest industries at the dictation of
leaders.
The tonnage eaSt-bound from Chicago the
principal seat of the trouble. was reduced
from % 900 to II 600 the first weeI, in July
but the decrease in payments through banks
of that city Is only II per cent. Many railroads
have vet ted no first
part of july and those reported are 25.7 per
cent. less than last year but the decrease in
exchanges at all the principal clearinghouse
has been only III per cent. this week COM
pared with last year, and only 3D. per cent.
compared with 1892.
Stocks have recovered a little with restora-
ton or order. and are slightly higher than
week or two ago. This. in spite of the unfa-
vOrable returns for June, earnings in that
month being q Per cent. smaller than last
year. For the first half of 1894. wholly or in
part. the earnings of 1917 roads, operating 49,
PSI miles in the United States. were 1888 So.
4o6 a decrease of IL per cent. and if six Cana
dian and Mexican roads are added. the earn
ings for the year thus far 1877 1913 77s. and
the decrease 1865 per cent.
Speculation in products has been tame. with
great uncertainty to delivery OF shipments.
Wheat is slightly lower in profound disregard
of the government returns reporting yield Of
less than 400 600 OC0 bushels and as the ofici al
100000 bushels short Of actual exports and con-
sumption. it is readily assumed that another
discrepancy as large may spring from SINH
lar causes. Receipts and exports in the pres
ent disturbed condition of business are
not significant. Corn has advanced a little,
though accounts indicate large yield. Cot
ton has declined eighth. with more fayora-
bic information to conditions and the years
records have SO dlscred1ted official and other
estimates that little attention is paid
them. With stocks of American abroad about
as large year ago. and the demand for cot
ton goods visibly narrowing, weakness is nat
ural.
The ou:pu. of iron, which dropped from 49,
1c0 tons to 62517 weekly because OF the miners
strike had only recovered to 81, $50 tons July 1.
and it is uncertain whether it is larger now.
for numerous western works have been
stopped by the railroad blockade, Actual con-
sumption in June was larger by 95.7S2 tons
than figures of production indicate, unsold
stocks having been thus reduced. and the Iron
Age reports production in the first half of 1894
2.450.OO0. against 2.56l'5S4 in the last half of
1893 and 4.7G9 6SS in the first half of last year.
Foreign trade does not gain, exports being
ia per cent. less and imports 10 per cent. less
than last year.
The number of failures during the past week
has been 81 in the United States. against 314
last wear. and in Canada 40, against 25 last year.