Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-02-08
WEEKLY TRADE REVIEW.

WEEKLY TRADE REVIEW.
Country as Reflected by II. G. Dun b
Co.'S. Weekly Review-The Success OF
the Bond Issue Promises u Fresh Inn
petus to Business. Which is showing
Gradual but Steady Improvement-Fan
ures for the Week. Etc.
New YORK, Feb. 3.-E. G. Dun &
Co. S weekly review of trade, issued to-
day. says:
A fresh impulse has been given to business
this week by the success of the Treasury in OBJ
tanning gold for it's reserve, thus strengthening
confidence in it's ability to maintain gold pay
ments. The revenue had fallen of so much
a.d the prospects for the loan looked so I'M
favorable, until financial institutions here de-
cided to carry it through, that some anxiety
about the monetary future natural. In.
VestmentS In the ordinary sense have been al
fected very little, and while more demand for
time loans has appeared. the money market
can not be expected to change much with S245-
HO0U cash in the banks and more coming
from the interior. while the treasury also is
compelled to pay out more than it now receives
in taxes.
Gradual improvement in business explains
the appearance of more commercial paper in
the market this week than has been seen for a
long time. though, as yet. the vast accumu-
lation OF idle funds is proof enough that trade
has by no means regained normal proportions
Industrial recovery continues, Though it is but
gradual, in response to the demand of a people
whose consumption at the lowest is greater
than that of any other country, and more
mills are now ut work. 1t is we'll for the
country that speculation has not been stimu-
lated thus far to dangerous ventures any di-
rection. and the markets unusually free
from disturbing excitement. Stocks have
been stronger since the result as to the bonds
was foreshadowed, in spite Of continued sell
ing on foreign account, which reached many
thousand shares in Union Pacific. and the
slow improvement in railroad earnings,
In fact. though earnings received for the
month of January thus far are smaller by ILL
per cent. than last year, a less decrease than
appeared in December, and the loss for the
latest week is but SO per cent, the difference
may be attributed to less severe weather than
prevailed a year ago. rather than to more per-
mGaent causes On Granger and other west
ern roads the decrease is about 10 per cent.
and while southern roads gained in freight
earnings. the tonnage of western and trunk
lines is greatly reduced, and lighter than for
many years.
All stocks advanced about IS cents per share
in the average and the new agreement OF
trunk lines to freights has been completed.
Other speculative markets have been almost
stagnant. Wheat has advanced about one half
cont because western receipts were only ! 4i6.-
4oi bushels for the week. against ., $4,000 bush
els last year-though there are no signs OF
material decrease in the enormous visible sup
ply-and Atlantic exports dwindled to 41i99o
bushels for the week. against .i04 All last year.
Smaller receipts and exports of corn have not
prevented slight decline, and pork products
are dull without important change.
Cotton advanced shade, but closed without
change from last week, receipts from the
plantations exceeding last years, though less
than of late. while exports continue larger
than year ago. Foreign consumption is heavy,
but American mills are taking much less than
a year ago.
The market for cotton goods has g better
tone and more staples have been taken, par
ticularly print cloths, with slight advance in
prices but all qualities are extremely low, and
scarcely any increase in the WORKING force is
seen.
Some Generalization is again reported in
prices of woolens. fries having been reduced
in price. and trade in overcoatings is not salts
factory. There is more activity in suitings
since the date for new duties was deferred.
but not many lines of the better grades are yet
on the market. Howard cassiEnerS are quoted
at S1.50. against Sl.9J last year. Spring goods
are offered at a heavy sacrifice. but there is
more business in dress goods. and tapestry car
pets are in better demand, while some lines OF
brussels have been reduced in prices. Sales of
wool still small; for the week 4,550, 7G0,
against s.175 100 last year.
Eastern trade in boots and shoes Still hest
tates. with Boston shipI.s2nts % per cent. be-
low last years: but western factories are re-
cent. below their full capacity.
Larger demand for structural iron and steel.
for railway material except rails, for barbed
wire and especially for wire rails and wire
rods, gives u BETTER look to the iron industry
both east and west. Chicago notes
distinct improvements; at Pittsburgh BUSH
ness is larger though prices do not
gain: and even at Philadelphia trade
is better 10th for pig and finishe products,
while encouragement is found IN the fact that
prices do not further decline. Only four of
the eleven stacks of the Thomas Iron Co. are
in operation. and of Connellsville coke ovens
$40 against 9.l06 are idle offers having been
made as low s. cents, facts which indicate
that the Improvement is not great yet but
there are reported heavy sales of billets and
wire rods at slightly Better prices. Two events
of some note sale of tessemer pig at
Cleveland for $40 and the capture of an
der for sixty miles of wrought iron pipe for q
Canadian company ny the American tube
works.
Domestic exports for four weeks have been
IA per cent lower than a year ago, while i'm
ports have been ~ per cent. smaller.
100000, against SCI 900 900 last year. and evil
IDENTIFY the success in the sale OF bonds is u
matter of high Importance
Failures for the week have teen 3G6 in the
United States. against 255 last year, and So in
Canada against 46 last year. the list including
two OF over q quarter of u million each.