Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-11-22
oun.s COMMERCIAL REVIEW.

Hinder Resumption of Industries-Prog-
ress Toward Recovery Noted.
New YORK, Nov. 17.-R. G. DUN s.
Co. S weekly review of trade issued to-
day says:
In nearly all branches of business
gradual improvement appears and the
hopeful feeling observed last week has
continued. Then it was also noted
that the main conditions of business
| and trade had not suddenly changed
and this becomes clearer, to the disap-
pointment of some. Low farm prod
ucts, low wages, and only partial en-
| ployment of labor, still retard dis
tribution and the limited de-
| mand binders the recovery of
industries. Progress toward recovery
has not ceased, and many establish
m ents have resumed or added to their
producing force, some also advancing
wages, but it will take time to lift
business out of its depression, and the
progress made, if less than the san
guine expected, is at least rencour-
aging. The decision to offer $50, OOO,-
| 900 bonds for replenishment of the
treasury reserve was, by bankers, gen.
orally approved, but events are show
ing that restora ton of confidence can
not by itself remove all embarrassment.
It is generally assumed that the Of
fered bonds will be taken at once. The
effect is less easy to anticipate, for the
formal announcement that after gen.
eral reconstruction of the revenue laws
1t is still found necessary to borrow
largely, tends to raise doubt about
financial provisions for the future.
The reported importation of gold from
London, with loss on it's face of
$500 at present exchange rates,
is presumably meant to affect
bond subscriptions. There have
already been some Withdrawals
of gold from the treasury
by redemption of notes to make pay
ments for bonds, and goods rather
than gold are likely to come from Eu-
rope, London has also sold here about
5000 shares during the week. Money
continues accumulate, none going
west, while the outgo to the south has
diminished. Bankers are much en-
couraged by indications of larger bust
ness, but there is no increase as yet in
commercial borrowing, and one dry
goods loan has been taken at PA per
cent. Merchandise imports in two
weeks of November have been 16 per
cent. larger than last year, though 80
per cent. less than in 1892, and exports
for the same time show decrease Of
about per cent.
Exports of breadstuffs, cotton, pro-
visions and oil in October were $57,-
1,e o1-
though million bales of cotton went
abroad and the value of the same
quantities exported this year would
have exceeded $40, 100000 with last
years prices, the difference in prices
alone being s1O,6O0,OOO in cotton and
So, 400, 900 in breadstuffs.
Resumption of work and increase of
working time have been more conspic-
uous in the cotton industry than in
others, but no increased demand for
goods appears. Print cloths are I'M
changed and the market is dull. Few
shoe concerns have stopped or re-
sumed, but shipments from Boston in
two weeks have been 151,361 cases,
against lie, 6S1 last year, and 100, $40 in
1892. Orders for the cheapest goods
have multiplied so that most producers
of such goods are occupied until next
year. but better grades are still
neglected. In women's grain shoes
manufacturers have sold largely
at last years prices, but claim
the advance in leather adds 2 or
8 cents to the cost. and insures loss,
and they are accepting fewer orders.
Leather manufacturers hold that they
ohoo nj hi1oc
at present. In finished products of
iron the demand is on the whole mar
rover, SO that structural beams are
lower; the barbed wire com bination is
broken, the strife in nails continues
at the lowest prices heretofore named
and both gray forge and Bessemer are
shade lower at Pittsburgh. At the
west there is little more improve
ment. Manufacturers of winter WOOL
ems have good orders for this time
of the year, many still running
mainly on such goods, but there is
general failure of supplemental
orders for spring goods. In Kersey
cloakings there is prospect of a good
season, and the retail trade in carpets
has been encouraging. But sales of
wool are again smaller than last year.
Speculative markets have been stipu-
lated in part by the call for bonds, and
wheat has advanced one-half cent.
corn one-half cent. and cotton a six
teenth. Western wheat receipts in
two weeks of November have been =
,671 bushels against IL, 166. $50 last
year, but Atlantic export in two weeks
have been only l, O2o, 355 bushels against
Ito, 643 last year and they are not in
creased by the advance in price, which
is partly due to accounts of extensive
feeding to cattle.
Failures in the first week of Novem-
Der were rather larger than of late,
the liabilities amounting to So, s44 AS,
of which S742, 42O were Of manufa turing
and So, Os6,977 of trading concerns. In
five weeks ending November 1 liabili-
ties in failures were S11,127, 300, of
which 81 AGA, Sl3 were of manufacture
ing and S6.571 ,974 of trading concerns.
The failures of the past week have
been 27O in the United States, agains.
1923 last year, and 80 in Canada, against
SO last year.
Well-Known Money-Broker Killed IN
Attempt to Rob Him.
BUFFALO. n. Y, Nov. Thames
Fullerton, son of Attorney James c.
Fullerton, attacked Frank Short,
well-known Inoney-broker, in the lat
ter's Office yesterday afternoon. He
crushed the old mans skull with two
blows from heavy wrench. and then
fr:ed IN steal 81 S0O from him. He