Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-11-29
ouN.s COMMERCIAL REVIEW.

DuN'S COMMERCIAL REVIEW.
A Little More Definite Signs Tor the
with Larger Employment OF LaDo,'
Consequently Greater Purchasing
Promising Still Better Things TOE tn0
tn.o Sttoht Premium ON Gold Ao.-
corded.
New YORK, Nov. 24.-R. 6. DUN ~.
Co. s weekly review of trade lssueo "
day says:
There are some changes for the oec
ter. The gain is slow. and In some VI
rections not very distinct, but tne
signs of it are little more denni'e
than last week. The most importan1"
of them is larger employment OF laooi'
answering a better demand on thef
whole for manufactured products,
Much of this is due to the unnatural
DELAY of orders tor the winter, which
resulted from long-prolonged uncer
tainty, but it means actual increase IN
earnings and purchasing power OF the
millions, and SO gives promise OF d.
larger demand in the future. Prices
of farm products in the aggregate 40
not improve, but the prevailing nope
fitness is felt in somewhat larger
transactions.
A little premium on gold, for the
first time since 1878, naturally exclues-
some comment even though it is only
the smallest fraction, and apparently
due to temporary causes. Undeniaoly
it reflects disposition to hold gold,
without redeeming its notes. About
S., 200, 900 has been drawn from the
treasury by redemption of notes, ana
it is supposed that much more will be
withdrawn, perhaps after the award OF
bonds, so that the first payment may
not raise the gold reserve higher than
it was week ago. The upward ten
dency of sterling exchange points the
same way; the admitted need OF bor-
rowing does not increase confidence.
But after the treasury reserve mas.
been replenished, greater confidence
may follow. 1t is expected that syn
dictate will bid for the full amount OF
bonds at price making the rate per
cent. Or little less, and that other
bids will also be large, but how much
gold the treasury will get or keep IS
problematic. There is no improve
ment in the demand for commercial
loans, and money still drifts to this
center, scarcely any going south and
of stocks after reduction of the Bur-
lington dividend, and the average rail-
roads closed LOS lower for the week.
The wheat market has lost this week
the cent it gained last week, western
receipts being larger; and Atlantic eX-'
ports are also larger-567,711 bushels.
as against $50, 026 last year; but these
are of small account compared with
the great visible supply. Foreign re.
ports this week have been rather more
promising, though the fact remains
that the worlds crop outside of the
United States is probably the largest
ever grown. Corn has declined IL
cents, receipts having much increased.
The foreign demand for cotton con-
tinues large, exports being $4,000 bales
larger than for the same week last
year. but receipts also continue greater
than year ago, and for three months
will closely approximate those of the
same three months when the yield was
over 10000 bales. But the price.
rose an eighth.
Textile industries have added few
factories to the working list, against
only one or two withdrawn. and there
has been Improvement in the demand
for woolens. More supplementary or
ders for spring have been received. and
colder weather has increased the de-
mand for heavy goods. Yet on the.
whole the market is not active, and<the.
manufacture is much below the capac-
ity of works. Sales of wool for the
week increased again, though still far
behind last year, and for four weeks Of
a lie
against 1890, 521 last year. Since Au-
gust the sales have been II per cent.
more than last year, but SO per cent.
less than in 1892.
Prices of cotton goods are more ir-
regular and some have declined, while
print cloths have advanced shade.
The shoe industry leads all others in
approaching full production. Ship
ments from Boston have been for No
vember. thus far, GAG ,943 cases, against.
453,940 last year. and 5S2, 5s2 in 1892.
The number of cases shipped has been
larger since January 1 than in any
previous year. In spite of the general
demand for cheaper grades, this is a
most encouraging record, and while
some factories have completed their
orders for winter and begun stock talk.
ing and repairs, many others have or
ders to keep them busy beyond Janu-
airy 1.
The iron industry again records
lower prices, for Bessmer iron $40. 40
at Pittsburgh, and for some manu-
featured products The CONSUMPTION
is large. and for the season, fairly we'll
maintained, but as it is not equal to
the capacity of works in operation.
their Struggle to get business keeps
prices at the bottom. It is reported
that an American ship yard had secured
orders to build three armored cruisers
for Russia. which will give added work
for some years, and that contract for
10000 tons cast pipe for Toxic NAV
be secured by southern concern.
The failures for two weeks of M.
vember have been moderately large in
amount. reported liabilities being So
5oo,3Os. of which sl.713,468 were Of
manufacturing and SO. s31 .2s9 of trad
ing concerns. For the same week last
year liabilities were over 81, 200, 900.
The failures this week have been 900
in the United States, against 3s5 last
year, and 81 in Canada, against a. last,
year.