Iron County register., 1894-08-23
DUN.s COMMERCIAL REVIEW.

0SbN - nI - W .
The New Tariff Bill, When Signed by tho
President, Will Provide Definite Basis
for Business-Meanwhile the Serious In
jury to Corn and Some Other Conditions
Exercise Restraining Influence-A Great
Boom Not Probable.
NEW YORK. Aug. 1s.-R. G. Dun g.
Co. IS weekly review of trade, issued to-
day. says:
The new tariff bill, if signed by the
president as expected, provides
definite basis for business. No sup
Elemental legislation is thought possi-
BILE until next year at least. Large
improvement has been expected from
any settlement, the more because
of a vast amount of business deferred
from week to week in the hope of more
definite conditions. The rush of such
business, or even a part of it, might
easily double transactions for a time.
1t is not to be overlooked that the eff
feet of new duties upon many branches
of industry and trade is problematical,
and may be determined only after some
months of experience; and meanwhile
the serious injury to corn and some
other conditions exercise a restraining
influence. While it is not wise to look
for great BOOM" there is warrant
for d reasonable and prudent hopeful
ness.
1t is too early to look for effects of
the new situation in the great indus
tries, but the gradual recovery which
has appeared for some time is seen in
better demand for products. Specu
lation in wool has been stopped, and
the sales, which have been 6,929, $50
pounds for the week. and IA, ,553, $50 for
two weeks of August, against 1897, 400
last year, and 1885, 800 in 1892, natur-
ally diminished on Wednesday and
Thursday, as it is expected that the
recent advance may be lost, though
no change yet appears. AS woolen
manufactures has the old du-
ties, with free wool until
January 1, orders are expected to be
governed by the consuming power of
the people, with the accumulated busi
ness SO long deferred. and while recent
trade has been enough to crowd the
mills at work on some specialties, it has
been far short of the capacity of all
the works in the country. Makers
will be pressed within the next week
to put prices on spring goods, of which
few lines are opening. Cotton man.
ufacturers have been carrying ex-
traOrdinary stocks of goods for the
country. and the strike threatened at
New Bedford will not alarm them, but
the reduction of wages seems likely
to be accepted at Fall River. A smart
increase in transactions is reported,
and Sn11ars hax x-inC ut laSt
common basis for judgment.
Resumption by iron and steel works
which was stopped by the strikes,
continues to depress prices of some
finished products, but with more fur
naces operating, prices of pig iron are
not lower. Comparisons given to-day
show fall in prices ranging from 90 to
A per cent. in iron and it's products
since October, 1890 which sufficiently
accounts for the idleness of more than
a third of the works. The demand for
structural forms seems smaller. does
not increase for railroad use, though
traffic improves, but for some other
products is better.
The boot and shoe industry leads all
others in recovery from depression,
and shipments from Boston for two
weeks are AZ per cent. larger than last
year. Demands for speedy delivery
and numerous sales from stock indi-
cate that jobbers are carrying short
supplies.
Speculation in corn has been very
active, the price falling cents, rising
81 and falling 2, with varying reports
of injury, which in some of the great
corn states is undoubtedly severe.
While western receipts in two weeks
have been only 2.426.57S bushels,
against 4.37s, 103 last year, the high
price explains imports of only 541,6s5
bushels, against 3,O31, ,9OS in the same
weeks last year. Pork has advanced
so cents and lard So cents per 100
pounds, with justification in the
injury to corn. Wheat is about
l cent lower, western receipts be-
ing very heavy for two weeks, 1O,6sO,-
41S bushels. against 5,94O.5s1 last year;
and it is claimed that Minnesota and
the two Dal1otas will yield 125, ZOO, 900
bushels. the second largest yield in
their history.
Unless exports increase speedily and
largely, the financial situation may
grow difficult. In July imports ex-
ceeded exports S12,537.914. mainly be-
cause of the heavy sugar movement.
With lower duties the arrival of mer-
chandise to meet the long-delayed de-
mand will be large, while even phe-
nomenally low prices do not take out
products freely at present. In July
ST., sol ,O30 gold went abroad to balance
importation of goods, but the outgO
has ceased. not because exports mate
rally enlarge.
The treasury has been taking in large
sums-SS. .642, 1ss from internal revenue
already this month. mainly from the
tax on whisky, so that with only So
166,953 from customs, the total receipts
exceed last years; but receipts of gold
are insignificant, and the reserve in the
treasury is but slightly over $50, 600, 600.
Liabilities of the firms failing in the
week ending August 9 are a little
larger than of late, 50, 294, $50, of which
81 ,041, 491 were of manufacturing. and
SGOS. .19S of trading concerns. Full re-
turns for July show an aggregate of
SI1 .291. .SO5.
The failures during the past week
have been 226 in the United States,
against.455 last year, and 45 in Canada.
against 81 last year.
..Sweet Little Alix' Wins a Race ssBy Far
the Fastest Ever Trotted."
TERRE HAUTE, Ind, Aug. 17.-Alix
is tonight the most interesting trotter