Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-06-28
DuN'S TRADE REVIEW.

DUN'S TRADE REVIEW.
A Week that Has Been Rich In Promise
But Notably Poor in PerfOrmance-Ths
Export of Gold and the Vast Accumula.
ting of Unemployed Capital Still Con
tinue-No Perceptlble Improvement In
Business.
New YORK. June 23.-R. G. Dun &
Co.'S weekly review of trade issued to
day says:
The week has been rich in promise, but poor
| in performance. 1t was confidently promised
that exports of gold would cease, but they have
not. 1t was promised that the end of the coal
strike would bring immediate recovery OF in
| dustrieS. but partial resumption OF work dis.
| closes comparative scantiness OF demand for
| products. while the miners OF Ohio In conVen-
| tion have repudiated the settlement and con-
| tinue the strike, and in many other localities
it fingers, and, above all, the coke workers
| strike blocks most Of the iron manufacture in
| the central region, less than quarter OF the
coke ovens being yet at work 1t was believed
| that late changes in the tariff bill would be
| more satisfactory to industries. but she new
| schedules have not yet diminished hesitation.
| The exports of gold have been s., 10000 dur
| ing the week, Notwithstanding continued and
| more liberal sales Of exchange against prod
| ucts to be exported in July and at rates fur
| ther away from sight exchange. The flood OF
| money from the interior. amounting to about
| the nrSC nail OF 1854, COHLhucS
| to show the greatly reduced demand for funds,
| and at the same time heavy liquidat1ons
! in recognizing railroads, especially by
| foreign holders, have operated as
| magnet to draw abroad the IN
| used coin of the country. The treasury gold
| reserve is reduced lower than it was at any
| time in January, and the government proposes
| to ship legal tenders to interior points against
| deposits of gold in the treasury at rates which
| virtually constitute a premium gold. The
of Nax Vnrly han lypr
provide gold for export resulted in little prac-
| tical gain, but called public attention more
| distinctly to the difficulties Of the situation.
| Most tenders now require stipulation for gold
payments in all time loans.
The customs receipts for the week have been
81 1921 against $3,56S119 last year. and the
! internal revenue also decreases $4,000. The
market for commercial paper is singularly mar
| row, with extreme caution in the scrutiny OF
names.
The liquidation in stocks largely held abroad
| was the only prominent feature which relieved
| the dullnesS Of the stock exchange, and stocks
were remarkably steady with small transac-
| tionS.
Railroad earnings for June thus far show
decrease of p per cent, which is about the de-
crease on the granger roads, while the trunk
lines and Pacific roads report little smaller
and the other eastern, and some western and
the southwestern roads much larger de-
crease. The tonnage movement is large in
grain, provisions and live stock, with especial
shipment of horses eastward from Indiana and
Kentucky, but is small in manufactured prod
uctS and in coal.
Operations in wheat advanced the price TX
cents, though western receipts were only
1881 $40 bushels against 2,269 1875 last year. and
Atlantic exports only 555,931 bushels against
2.502O s9 last year. Corn advanced some, but
again receded with small exports and fairly
large receipts. Cotton declined a sixteenth,
but recovered. The visible stock Of American
here and abroad is $1,000 bales against
1882 573 last year. and there is every reason to
expect an increased yield.
1t was confidently expected that the settle
ment of tariff rates textiles by the senate
would improve the condition of textile manu-
features. But there is scarcely an evidence
of such result as yet. the large sales of cot
ton being traceable to more seasonable weather
and larger retail sales. and to further conceS-
SionS by sellers. The stock OF unSOld print
cloths at Providence, Fall River and Bos-
ton is over million pieces, but the
accumulation continues. The orders for fall
are limited, and staples are irregular in price.
AS before. dress goods fare better than other
woolens. the pressure for samples promising
fair trade. One explanation is that the final
marketing of such goods to consumers
be effected before any change of duty.
But the new arrangement of duties wOOlens
has rather increased than diminished hesita-
ton, partly because many think it may not be
final, and partly because its effect upon mar
ketS next winter cannot yet be anticipated.
sales about equal to half a full consumption,
3.252.541 pounds against 2. 800 for the same
week last year, and 5,413,55O in 1892. For three
weeks OF June the sales have been 8,879 123
pounds against 16. 933 $50 in 1892.
There is much disappointment that the par
tial termination of the coal strike does not
promptly enlarge the demand for iron and steel
products. which is evidently too narrow as yet
to support much increase OF production.
Prices are weakening, Bessemer pig selling at
5000 at Pittsburgh. beams at 81 80 and angles
at $780, Western orders are comparatively
liberal, though much smaller than in
other years, but no improvement
is seen at Philadelphia, while
in the central region the continuing coal strike,
and grave uncertainty about the July settle
ment of iron workers wages cause much hes
itatiOn. The shoe industry appears to fare bet
ter than others in quantity Of products, though
mainly in low priced goods, for which most OF
the manufacturers have orders reaching well
into the future. while the medium goods
greatly neglected. Shipments from Boston for
the month thus far have been 266,676 cases,
against 242,5SO for the same weeks last year.
The volume Of domestic trade, measured by
clearings, shows no important change, though
the heavy decline year ago vitiates compare
with that period. Compared with 1892
the decrease is 1873 per cent outside of New
York and "a. per cent. at all points.
The improvement continues in failure re-
for two week of June amounting to $3.50. OPS
of which S.. 23s .9O6 were of manufacturing and
S4.113,66S Of trading concerns.
The number of failures this week has been
PA in the United States against 263 last year,
and 25 in Canada against ii last year.