Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-03-08
WEEKLY TRADE REVIEW.

The State of Trade Throughout tho Coun.
try AZ Reflected Through Il. g. Dun
Co.'S Weekly Review-A Slowly Growing
Demand for Goods, Indicating Gradual
Return of Observation-Disclosures Failures
Showing Gratifying Diminution.
New York, March 3.-R. G. Dun &
Co.'s weekly review of trade, issued to-
day, says:
With no more definite information than 4
week ago regarding the outcome OF the hnar
cfal and revenue disputes. perhaps more PEG
pie have come to the belief that the end Will
answer their wishes. Certainly rather more
are taking limited risks in business especially
in stocks. It is usually good plan for prac-
teal men to rely little Impressions which
are assiduously fostered in speculative cir
cles, where people rarely labor to lift prices
of things they want to buy. A more substan-
tial basis is the sIowly-growing demand fQr
goods caused by gradual exhaustion OF stocks
held by dealers. and this has further enlarged
the working force in manufactures.
The fall OF silver to 27A pence and below %
cents here and after slight recovery Its re-
newed weakness have an unfavorable 1ndu-
ence on the markets. The announcement that
import duties are to be imposed by India, II
confirmed, may increase the difficulty. The
passage of the seigniorage bill by the house
late on Thursday has not had time to produce
much effect. but is not financially reaSsurlng
More works have resumed increased
but numerous reductions in wages continue to
lessen the purchasing power Of those at work
Sharp reductions in Indian head sheetinRs
and Amoskeag tickings cause larger trading,
but print cloths are accommodating and weak.
and several mills OF Importance have closed
In all bran ches of the wooden manufacture the
demand is yet far below the usual mark, but 1t
Is somewhat improved in worsteds and dress
goods. and leading mills have been taking wool
quite largely. SO that in three chief markets
1nG hoy hna
week, against 5, 1873 200 last year, in part be-
cause scarcely any foreign wool has been i'm
ported for months and supplies are short.
Western markets are also broader without Inn
provement in price.
Continued weakness appears in prices of
metal products, notwithstanding some in.
crease in actual business. Even in the Pitts.
burgh region little over half the force is EN-.
ployed. and only 81 per cent. of the Conne1ls-
vile coke ovens are yet in operation. few
more furnaces are in blast; southern pig is
weaker, and 5000 tons of southern warrants
have been taken by English holders, who now
have 5000 tons. There are heavy transac-
tions in lake ore at Pittsburgh. and it Is said
that with ore at s2.75, coke at s. cents and
wages reduced 20 per cent, many furnaces can
make iron at profit even at present prices
Minor metals are weaker, tin in part be-
cause of the fall in silver and dfsorganfzed
eastern exchanges, and lead because OF ex-
pected legislation.
show decrease of only per cent for the
week. which is the best for long time. and
there Is more buying, but almost exclusively
OF medium or low priced goods.
Speculative markets are more active and
stocks stronger, railroads having advanced an
average of IS cents. and trust stocks IS cents.
mainly on Thursday. Receipts and exports of
wheat for the week have been about one-half
of last years while there is o great increase
both in receipts and exports of corn. but
scarcely any change is seen in prices Of these
or other products
Cotton receipts for the week are still slightly
above last years. The fall in silver and the
closing of some mills, hinder rise in prices.
The withdrawal Of deposits from New York
savings banks of late have been unusually
large, and these banks have generally raised
their rate of interest bo per cent.
The most encouraging feature Of the we.lss
record is the continued decrease in number
ana importance of failures. The failures dur
ing the past week numbered, in the United
States, POI, against 2o6 last year; and Canada
42, against As last year. scarcely any beinz Of
rnuch importance.