Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-12-13
Dun,s COMMERCIAL REVIEW.

/
ness-Future Prospects More Hopeful.
with the Employment of Somewhat
Larger Working Force After the Holt
days-The Shipment of Gold TO Europe
Again Commenced.
New YORK, Dec. s.-R. G. Dun &
| CO. s weekly review of trade issued to-
day says:
1t is difficult to detect any change in
| current business Prospects for bIsi-
ness after January l are quite gener-
| ally considered more hopeful; in some
| branches there are larger orders and
| the west-bound shipments of mer-
chandise are little larger. But the
| working force is naturally diminished
| near the end of the year, and the holt
day traffic brings just now temporary
| activity which is no: of much general
| significance.
The meeting of congress and the an
| nouncement of the new currency plan
| and of various bills proposed, have not
| affected the situation perceptibly.
| Payments for bonds have been COM
| pleted without disturbance, but did
not prevent the shipment of some gold
| to Europe to-day. On the whole, agri-
cultural products are scarcely stronger,
| and wages of labor do not advance,
but there is reason to expect the en-
ployment of somewhat larger work
ing force after the holidays.
The expected government report on
| feeding of wheat to cattle and hogs
has scarcely Influenced the market.
1t is doubted whether the estimate is
| more reliable than the estimates OF
the yield of wheat and cotton, which
are not regarded seriously. The re-
ceipts of wheat are larger than year
ago and the exports smaller, but for
eign accounts, particularly as to the
Argentine crop, have helped an adj
vance of N cents. Estimates of the
winter wheat acreage indicate an in
crease of 10 per cent, with a condi-
ton somewhat better than last year.
Although corn receipts have been
much larger than year ago, and ex-
ports not one-sixth as large, the price
has changed but little. Cotton has
fallen again to So cents, very close to
the lowest point for many years, and
actual receipts from plantations are
larger to date than in 1891, when the
crop was over 1900, 900 bales. Neither
abroad nor here are there indications
as yet of more than an average con-
sumption.
| The iron industry seems to have dis
tinctly brighter prospects at Chicago,
where pig iron is firmer and bar in
larger demand because of orders for
| freight cars. But Bessemer iron has
| sold at $1O.25 at Pittsburgh, steel rails
have been reduced to S22 there and
wire rods and nails weaker. A COM
parison of prices there and at
| the east shows the lowest aver
age yet recorded; taking prices
of October, 1880, as 100, quotations
have fallen to 55. Z and are SO far shaded
that substantially half the price has
been cut off within four years. South
ern works are offering iron here and in
New England at very low figures, and
though a somewhat better demand APP
pears for finished products, it is so far
below the output that the competition
leaves scarcely profit.
| Heavy sales of shoes during the past
two months at prices said to be 5 to ~
cents lower than recent prices OF
leather warrant, cause general effort
for an advance, and some jobbers have
conceded 21@ cents on women's grain
and buff shoes, but others protest that
no advance is possible, and have cut
down or withdrawn their orders. Or
ders for next season are quite encour-
aging as to quantity, but it is claimed
that few can be filed at a profit and
leather seems firmer with no prospect
of decline.
The wool manufacture, judging from
sales at the three chief markets since
September 1, has been doing per
cent. more than last year, but 81 per
lcent. less than in 1892, and the average
of 104 qualities of wool quoted by
Coates Bros. is 1879 cents, the lowest
ever known, and IA per cent. lower
than in 1892.
Manufacturers are receiving more or
ders for spring, and still have consid-
era BILE demand for heavy goods, par
ticularly for overcoat goods on account
of change in the fashion, and there
is much confidence expressed that they
will be able to continue production at
about the present rate after January l..
The cotton manufacture shows no
material change, though the demand
for spring is very backward.
The money market has not inn
proved and the drift of idle money
hitherward is as large as at any time
this year. A remarkable statement
shows that treasury transfers of money
have been almost exclusively to New
Orleans, So, 375, 900 in October, against
SOS. 600 to all other points, and S2,425,-
600 in November, against So03, 900 to all
other cities. Commercial loans show
no increase whatever, and heavy sales
of American securities by London this
week have advanced exchange to the
shipping point, SO that S1,25O, 900 gold
will be exported to-day.
The liabilities in failures for the last
week of November were S2,O3S, 4O7,
against $1,000, 476 for the same week
last year, but the decrease was wholly
in manufacturing liabilities, S427, ga,
against 81, 657 ,O27 last year, while trad
ing liabilities were 81, SGT, 34s, against
S1,2Os,44 last year. For the four
wee ks of November the aggregate was
SIC, 5s1, 1873, against $40, Sal ,6s1 last year.
The failures this week have been 3S5
in the United States, against 3s5 last
year, and 40 in Canada, against AZ last
year.
WILL PROTECT THE INDIANS.
Military Men Say that Settlers and Cow.