Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-06-07
puN.s TRAEE REVIEW.

/ The Eject Of the Prevailing Strikes Upon
Business Less Damaging Than Was Ex.
pected-Wheat Again Breaks the Low
Price Record-The Wool Sales-Receipts
Gold, Etc.
New YORK, June Pr. G. Dun q
Co.'S weekly review OF trade issued to-
day says:
/ It is sign OF cheering import that In finished
business, represented by clearings ana railway
tonnage there has been less decrease since the
strike began than might have been expected.
But in business the orders for which start the
| wheels, to result In tonnage ana payment
weeks or months later, there seems to be an
actual decrease Not only are new orders lew
and small in most departments, but cancella-
lions OF orders previously given are increas-
| ingly numerous This is in part the enect OF
/ the uncertainties which the strikes produce,
| but it extends also to numerous industries
| which proposed changes of duty might affect.
Meanwhile the exports Of gold rapidly depiete
treasury reserves while idle money gathers
| here in unusual amount for the season, ai-
| though crop prospects continue on the whole
most favorable
There have been strong hopes this week that
| the great miners strike would be terminated
by compromise. But an effort to enlist gov
errors as arbitrator has proven fruitless, ana
the conference at Springfield, ILL.,, has adj
| 1ourned without any good result. Executive
proclamations in several states are issued to
check continued Interruptions OF tranic ana
acts of violence, and concerted efforts OF opera
tors will now be made to start their mines
with new hands.
demand for products is not what might be ex-
pected either in volume or in urgency The
| output OF iron and steel has been suddenly ana
sharply reduced, but the reduced supply seems
about as sufficient for the demand as it was q
month ago, except in Bessemer. Sales OF
small lots OF Bessemer pig at places as distant
as West Troy and Duluth for transportation to
the Carnegie works near Pittsburgh disclose
how completely stocks are exhausted, ana
sales for delivery in July and August at 81
to S11.l5-a price &1.50 higher than pre-
vailed few weeks ago-indicate the
belief that the termination Of the strike
will not soon bring back the old prices
But for most products, Notwithstanding the
Interruption, the demand Is unexpectedly mar
row, and buyers feel that the present advance
is but temporary.
Shipments Of boots and shoes for the week
and for the past four weeks are q little larger
than a year ago, and there are orders for some
staple products to warrant work for some time
to come, but many factories are cfscharging
cutters, or otherwise reducing hands, because
their orders do not justify hope of running
much longer.
Concessions in cotton goods have not i'm
proved the market nor prevented Accumula-~
tions In woolens the dress goods mills have
fair orders, but little new business now. and in
mems goods it is held that fully half the ma
chinery is unemployed, while cancellations are
numerous, without effort to place new orders
Sales OF wool at the three chief markets have
been 35S4,0O0 pounds for the week, against
2,766 900 last year, about 100000 per week be-
ing required from these markets for full sup
ply New fine territory and Texas wool has
sold at to cents, and 80 to 50 cents cleaned
appears to be about the ruling price; but at
Boston Generalization makes prices nominal.
Again, the lowest price ever recorded has
been made for cash wheat, 56A cents at New
York, against Is cents q year ago, while the
average in May, 1892, was 90 cents, and in April,
1891, $1.1sX. Western receipts are naturally
small, ,35S, 1854 bushels for the week. against
2,919 500 last year; but Atlantic exports were
only sO7 800 bushels against .241 Ol0 last year.
Corn is stronger, with exports about half
as large as a year ago, and the un-
favorable outlook for ores results in higher"
prices. Pork products are weak, with contin-
uing large receipts. Cotton has varied little,
though receipts from plantations have fallen
OF, for stocks in sight are very large: new
CROP for which prospects are decidly good. is
drawing near, and the demand for goods Is un-
certain.
The outgo of gold continues, and is now be-
neved to be due in part to the preparation for
gold resumption in Austria.
The number of failures reported last week is
1873 in the United States against 23s last year..
and in Canada q, against 81 last year. Only
two failures, both banking are for 100000 or
more,