Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-07-05
DuN.s COMMERCIAL REVIEW.

DON'S COMMeHCtA1 HeVteWs*
Great Coal Miners. strike Ended, :.
Yet More Serious interrupted Threatens.
the Business Interests of the Country In
the Railroad Tie-Up Growing Out Of the
pullman Boycott-The Outlook.
New York. June S0.-R. G. Dun &
Co. IS weekly review of trade, issued to-
day. says:
The great strike Of coal miners has ended at,
most points. but another threatens to inter-
rupt business more seriously for q time. though
the number OF hands engaged is comparatively
small Travel and trafic are we'll nigh arrested
on about twenty roads already. and strikes are
threatened on all roads which use Pullman
cars AS the public and the railroads leasing
the cars have no power to say what wages
shall be paid at the Pullman shops, and the re-
ceipts of that company from the railroads does
not depend upon the leased cars, it is diflcult
to calculate how long such strike may last
or how far 1t may extend.
On the whole other changes during the week
have been for the better. Many manufactur-
ing establishments which were stopped by
want of fuel have resumed. The depletion OF
the treasury reserve has been checked by the
voluntary deposits of gold by New York banks.
Exports of gold have almost ceased. Congress
has made much progress toward hnal DISPOSE
ton of the tariff question. Crop prospects
grow better as the harvest draws nearer.
The resumption Of work In mines and mills
has made good progress, but the demand for
products is as yet smaller, and less urgent than
was expected. Buyers apparently wait for
lower prices of iron and steel products. which
manufacturers are slow to give In view Of the
Increased cost of materials and production
After a suspension Of half the working force
for more than O month, 1t was expected that
orders for products would be very large, but
instead there is general complaint OF
dulluess and narrow demand, and prices OF
Bessemer pig and some finished forms are a.
little weaker. Although the working force has
evidently increased, several establishments
have stopped for want OF orders. or because no
settlement regarding wages for the coming
year has yet been reached. In the minor
metals the tendency is toward weakness, but
without much change in prices.
Shipments of boots and shoes from Boston
were smaller for the week than last year, but
for four weeks Of June were S4S,02 cases
against ,142 last year. The demand for
cheaper goods continues fairly large, and in
some grades is larger than q year ago, but in
high priced goods the business Is still remark
ably narrow.
Textile manufactures are much embar-
raised by the near approach Of a probable
change in the tariff, the probable effect OF
which cannot yet be calculated. In spite OF
this reason for deferring orders and purchases,
the number of mills quitting work In not vet as
large was expected: fer there appears lit
tie more demand from clothiers and jobbers-
The cleaning-up process has been accelerated
with success. with concessions in some cotton
accumulation Of goods continues.
Somewhat better orders in woolens, particu-
larly in low-priced all-wool goods In clay dag
onals and worsted cheviots, though not large
in amount. give hope Of larger trade. But the
mills are buying cautiously and sales of wool
fell below last years, 9 788, 200 pounds for the
week, against 3,142OO0. In four weeks Of June,
sales two years ago were %. 100 $50 pounds, last
year only 9,759376, and this year 1857 ,824
pounds. Growers and other holders OF wool
81 4. f<L4 <Inva
can now be paid, but receipts from the interior
are liberal. and exceed the present demand
Speculation hastended towards lower prices
products and in stocks Wheat has de-
clined cents the year closing with fnsignii-
cant exports. for four weeks OF June only
2,920. $40 bushels from Atlantic ports against
9.917,454 last year. while western receipts have
been 5.620sS0 for the same weeks, against
S.9l0.942 last year, a much smaller decrease
Corn has declined seven -eighthS cent. receipts
being larger than of wheat, and q heavy crop
is expected. Pork products are also q shade
lower Cotton has yielded one-eighth as specu-
lation against the enormous stocks in sight
grows tireSOme.
In the stock market some advance resulted
early In the week from the presidents decla-
ration OF the purpose Of the government and
the strengthening OF the treasury reserve. but
prices again declined as the railway strike ex-
tended and railroad stocks average twenty
cents per share lower than week ago. Earn
ings in June prior to the strike had shown q
decrease Of % per cent, compared with last
year, and the decline In east-bound lake or
rail tonnage from Chicago is 80 per cent.
The volume Of domestic business shown in
clearinghouse payments is 27.3 per cent.
smaller for the week than last year and ut
New York the decrease IL 1851 per cent.
There is some improvement in the demand
for commercial loans, especially from the
south and sales of foreign exchange against
products to be exported hereafter have much
increased. This, with foreign buying of stocks
after the action of the New York banks. have
weakened exchange SO that gold exports for
the week have been only S2,070.0OO. But GUS
toms receipts for the month have been only S.
55l .467 and the years deficit will be about $780,,
100000. credit deficit Is expected in july.
No correct statement OF failures for June or
the half year Is yet possible, but our weekly
returns show gratifying improvement over last
year. In June the failures have been about
$50. and In the half year about 7.I00. The ag-
gregate Of commercial liabilities only. with
part Of June lacking has been .S65,
against $i3.5I576G in May, $S,si6ss2 in April
and 500 49s 1886 in the half year. At the east the
liabilities we're about s4s 10000: at the west
00OO0. and at the south SIS 100000
The classified returns show about al 10000
Of manufacturing and 81. 90 900 of trading LA
bilities. In Canada the failures, part OF June
lacking were ~ .O32 and the commercial liabil-
tiles over S9.OO000, about s. 10000 being OF
trading concerns.
The number OF failures this week has been
214 in the United States against 3O7 last year
and s. In Canada against q last year. OF late
the Humber and Importance Of failures have
increased a little as IL usual near the close Of
q half year.