Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-05-31
Dun.s COMMERCIAL REVIEW.

DuN's COMMERCIAL REVIEW.
Fair Business stfu Maintained I'm sptte Of
Oostacies-zLong Strikes and Exports of
Gold Tend to Check but Cannot Destroy
the Wonderful Recuperatfve Energies of
the Country-A Great Reduction In Fall
ures.
NEW YORK, May 26.-R. G. Dun &
Co. s weekly review of trade issued to-
day says:
storms and foods. prolonged strikes and
large exports OF gold, have done their utmost
TINS week to give business vacation. But the
wants unsatished during the past year, be-
lated and much leSsened, and yet greater than
those OF any other nation. have caused a volume
OF trade quite large for the season. The strikes
40 not appear near an end, and while vio-
lence and bloodshed have occurred at
lew points, many of the operators are
making no effort to work their mines. The
lack OF fuel has stopped practically the whole
OF the Edgar Thomson and parts oil other Car
negfe works. many establishments between the
Hudson and the Mississippi, and even the
waterworks Of a few western cities. Railroad
tranic Is as yet affected very little, but weeks
OF 1dleneSS for so many either participating in
or affected by the strikes must lessen pur-
chasing power and demand for goods and so
cloud an outlook which had begun to seem
brighter.
Gold exports do not abate, but have been g..
$4,000 this week. though at one time Europe
had purchased sl'5OO,OOO of American securi-
ties. Prices of great staples show how linn
tied is the foreign demand, and imports of
goods, much restricted at present, would nat
urally increase after the pending change OF
duties. The 500 600 gold shipped abroad
this month has been largely drawn from the
treasury by redemption of notes, and the re-
serve remaining for that purpose has been
reduced to about $50. 900 900. Hence there arc
anticipations of some change in the money
market. and although currency still continues
to come higher from the interior and the banks
hold an enormous supply Of idle money, long
loans are more difficult to negotiate
Prices of products still tend downward With
out much speculation. Wheat recovered a lit
tie at the end of last week. but went down again
ing yield, Atlantic exports being only 755. 491
bushels. against ,9ss,2 O6 last year. while
western receipts for the week were 1,423.-
15S bushels. against 3,O6s,266 last year. 1t
is not surprising that farmers retain
wheat at present prices where they can.
Corn Is stronger, Notwithstanding large re-
ceipts and Insignificant exports. Cotton has
recovered a shade to m cents, though receipts
for the week were nearly as large as last year.
and exports much smaller. Pork products all
declined with heavy receipts, and coffee is also
lower The astonishing cheapness OF wheat
and cotton will affect the rapidity of movement
In the fall also viii directly lessen the amount
OF money required in moving the crops.
While the iron industry especially and many
others to some extent, have been restricted by
scarcity Of coal and coke, the number Of works
reSuming has beer greater than the number
stopping from other causes. But it is Symp-
tom not to be overlooked that the demand for
manufactured products, instead Of increasing.
appears for the moment rather smaller than
before, and Indifference Of buyers is shown
in cancellation of orders hitherto given.
1t Is waiting season, but the disposition
towait is this year much intensified. Works
in operation are fairly busy in closing up
orders for a belated spring demand. but there
is ever more shrinkage in orders for the future
than was noticed last year as the precursor of
coming dullnesS. In the wooden manufacture
this is especially true except as to dress goods,
which are in fair demand. and sales of 3261 ,215
pounds wool against 2, 1874 $50 last year. if not
partly speculative. would represent much less
than full consumption.
There appears no increased demand for cot
ton goods and manufacturers have agreed that
the accumulation Of print cloths, which now
sell at 2-69 cents for SIS must presently be
checked by suspending production.
The boot and shoe industry gives more evil
dence of improvement than any other and the
shipments from Boston. according to the Shoe
and Leather Reporter, again exceed those of
the same week last year. There Is consider
able buying from stocks, and some pressure
for speedy delivery on orders, and while there
is general improvement it is observed espe-
cially in wOman'S goods.
The demand for iron and steel products, in
view Vi Tue StOpp3ge OF q large proportion OF
the works, might be expected to improve ma
terially, and prices are in fact held at the adj
vance recently noted. but there is now observed
much indifference among large consumers and
the evidence of an enlarging demand seems to
be less satisfactory than before the strike.
Minor metals are weaker with restricted de-
mand, copper being quoted at 94 cents for
lake, and lead at 3.3 cents.
A speculative movement lifted stocks early
In the week, butthere has since been con-
slant sagging, that the average for the
week is 3 cents per hundred higher for railway
shares and lbs cents per share for trusts.
Storms and floods have caused some inter-
ruption to traffic and damage to roads, and ex-
tensive rate cutting on east-bound roads is
formally charged. Earnings continue to
decrease, and thus far in May have been Ill
per cent. smaller. than q year ago The
losses are nearly equal at the east and at
the west, and somewhat greater than at the
south There Is some Improvement in lower
class weSt-bound tonnage. but much decrease
in manufactured goods, hardware and lumber.
The combination has decided to restore lake
and rail rates June 2. except for grain which
is to be lower. Exchanges through clearing
houses compare favorably for the week, being
souly 1871 per cent smaller than last year.
Failures diminish in Importance the amount
,of liabilities for the third week in May being
,only R.204.1S9, and for the three weeks 8 1886.
.972 Of which $2642.6S7 were of manufacturing
and IS. .0O7 of trading concerns.
The number Of failures reported this week is
1s3 in the United States against $50 last year
and i'm Canada auaipSt 1aSt