Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-04-05
DUN's WEEKLY REVIEW.

DONS WET H6vu6".
After the Long Night of Business Depres-
sion the Roseate Dawn Again Appears
The Improvement Not in the Nature of
Boom. hut Conservative and SUBJ
stantial. Being Based Upon Safer and
Sure Methods.
New YORK, March Sir. G. Dun g.
Co. IS weekly review of trade, issued to-
day, says:
The president clears away one grave uncer-
tainty with his veto For some days 1t has
been expected, and some speculation perhaps
discounted. The more confident tone observed
this week is partly due to the belief that no
disturbance OF the currency will be permitted,
but other causes helped forward improve
ment Slowly but yet quite perceptibly,
the Iorce at work increases. The approach
of spring compels thousands OF deal
ers to replenish stocks. and the aggregate
of orders. if smaller than usual at this season,
is distinctly larger than in January or Febru'
ary. Except in speculative markets, prices Go
not recover, and in few instances have gone
lower; but the absence OF sensational record
breaking inspires hopes that the bottom may
have been reached. Business though small Is
exceptionally cautious and safe. and its slow
gain is more encouraging than a fighty expan-
sion.
All speculative markets have been stronger
for time. European buying of stocks with
confidence in a veto, and progress in various
reorganizations, caused an advance which
reached on Wednesday A cents per 300 for
railroad stocks and 81. As for trusts. Transac-
lions were small that speculative selling
was discouraged But after the veto on
Thursday realizing caused a sharp fall OF Is
cents per share for railroads and 80 cents for
| trusts, and on Friday prices closed considera'
bly, higher for the week. Railroad earnings in
March thus far have been r. per cent. smaller
than last year. the trunk lines and grangers
losing a little less and other eastern and
southwestern roads little but the de-
crease in eaStbound tonnage from Chicago
was per cent. for the week and per cent. for
the past four weeks 1t is also encouraging
that decrease in expenses on larger roads
seem to keep equal pace with decrease in
earnings.
Wheat rose briskly with reports, due every
year about April, that great injury had been
sustained. Later accounts were better and
prices fell. closing cents higher for the week.
Western receipts for four weeks have been
only $3.50 O68 bushels against II, o22, 745 last
yea, but exports are very small. Corn re-
ceiptS for four weeks have been 12.773, 748
bushels, against 7,995l15 last year, so that the
tonnage Of the two grains taken together is as
large as year ago. Pork products have
sharply advanced, though corn but little Cot
ton has advanced an eighth, the weekly move
ment being more favorable to holders. though
2GO,0O) fales have already come into sight in
excess Of the entire crop, according to some
so-called investigations.
Industries have gained again, though not
much as in other weeks this month, but the
works in operation enjoy some increase in the
demand. Where many are working part
time. or with reduced force, the less favored
naturally drop out, while the multitude OF
small orders gives others better occupation.
Sales of wool in March were so much larger
than last year that the decrease since January
has been wholly in foreign and not in domes-
tic wool but OhioXX and Michigan fine delaine
are shade weaker at 81 cents. Fall trade in
women's is still very small, but needs Of be-
la ted clothierS have caused quite an improve
ment in spring goods. Cottons are also in bet
ter demand. and print clothes have advanced
q sixteenth.
The shoe manufacturer is supported by
larger orders, particularly from the south FOR
women'S goods, with many SmallpurchaSeS for
Immediately delivery at the east, and better
demand at the west. Shipments from Boston,
H. per- cent. less than last year for the first
quarter. are only lat per cent. less for March.
The demand for leather also increases though
only in medium the lower qualities.
The rubber company has reduced
prices Of mems short boots % cents, with a
discount of per cent. on early orders hoping
thus to get q larger part of the years work
done in the summer.
A surprising decrease is seen in the demand
for copper, now 91s cents for lake, and lead is
weaker. but London speculation again adj
vanceS tin. The iron and steel manufacture
has increased the working force very little
this week. and slightly lower prices for pig
iron, nails and some manufactured products at
Pittsburgh and Chicago indicate that the
works in operation are fully able to supply the
present demand. but rails decidedly improve
at the west
Domestic trade continues about 30 per cent.
less than a year ago Clearings at New York
81 per cent. less and at other cities p per
cent less. Foreign trade still improves in
exports from New York. last week 25 per cent.
larger. and in March 81 per cent. larger than
last year, but imports were q per cent smaller
AS there large increase
in the imports of sugar the decline in customs
receipts greater at 80 per cent. for the
week and 45 per cent. for the month while in
ternal revenue is per cent. smaller than
last year. Treasury reserves are thus reduced,
and payment Of April interest and for war YES
sells belonging on the Pacific coast is expected
to reduce the gold to about Sl00,OO0,OO0 next
month. Currency still flows hither from the
country and there is no perceptible increase
In commercial loans, though at some interior
points better demand is reported. With
per cent. on time and per cent on call the
ruling rates. securities are sent hither from
Philadelphia and Boston as collateral for call
loans. Withdrawals of deposits from savings
banks continue. mainly the smaller
counts, indicating effects of want of work
lower wages. but for the year, ranging from
to % per cent in different banks.
The failures during the week number 23d
in the United States, against 166 last year;
and 30 in Canada, against % last year. The
liabilities for three weeks of March thus far
reported have been S10.06l ,991, of which s. $685..
l1S were of manufacturing and 1925 .OS2 Of
trading concerns The returns so far indicate
a smaller aggregate for March than for Febru-