Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-06-21
DUN-o COMMERCIAL REVIEW.

DUN'S COMMERCIAL REVIEW.
| Probable Effect of the End of the Coal
! Strike-Still Further Reduction in Val
| ues-Heavy Falling OF In Gold Exports
The Flood of Money from the Interior to
| New York Banks Still Continues.
NEW YORK. June 16.-R. Il. Dnn &C
| Co. S weekly review of trade issued to-
| day says:
| The strike of the bituminous coal miners
will end Monday wherever the authority and
advice OF their general organization can emo IL,
and there is little room to doubt that the coaf
famine will then begin to abate. But the
agreement seems to be angrily rejected py
most Of the miners in Ohio and by some In
other states, and it is in terms conditioned
upon its general acceptance in western PENN
sylvania, where some of the operators REJECT IT,
Probably local struggles may continue, put
the miners will gradually see that they nave
little chance of getting more than their COM
mittee has secured. Some time must elapse
before supplies of fuel will enable all works TO
resume that have no other reason for suspend
ing production. Meanwhile the demand for
products is so slack that it seems question:
able whether as many hands will find employ
ment before the end Of June as were employed
in April.
The actual output Of pig iron weekly. June 1,
was only 6s517 tons. against 126,732 April l, and
174G29 year ago: but the reduction of 24S.oo2
tons in unsold stocks indicates that quantity
nearly double the output has been taken for
consumption.
If there were orders to continue manufacture
at that rate, resumption of over two-thlrds OF
the full capacity of works would not be long
delayed But the eastern demand Is ON the
whole, disappointingly small and in the CEN
tral region the termination OF the coke strike
is essential, but not yet assured. AT the west
larger demand and greater activity appear,
and a heavy business is likely to follow the re-
moval of the obstruction.
A sale of p, OOO,O 900 pounds of lake copper at
cents seems to mark new policy on the part
OF the producers. and tin is weaker with heavy
receipts. Many boot and shoe shops have
stopped but shipments from the east are 10
per cent. larger for June thus far than last
year. The demand is mainly confined to low
priced goods, and has recently been more mar
row for women'S shoes.
The wooden mills are closing rapidly. It is
asserted that scarcely any have orders to oc-
cupy them beyond July IN mems wear, but in
the demand for dress goods, a somewhat better
tone is perceived.
Sales of wool in two weeks have been $685.
583 pounds, against 3.627 ,176 last year. and H.
52O,10 in 1892. The New York and Philadel-
ph1a markets are dull and at Boston slight
decline is seen in prices, with a large sale OF
territory wool at 80 cents, secured. Western
holders appear to be expecting higher prices
than can at present be realized in eastern mar
kets
Further concessions have not enlarged the
demand for cotton goods, and the recent re-
port that production has been close to last
years is said to be based upon returns from
only the more fortunate mills. That goods are
accommodating is evident, but sales have been
distinctly improved with the weather.
Speculation in products has again been
checked although prices are on the whole,
Slightly higher, corn IL cents, with western
receipts comparatively light and unfavorable
crop reports, while hog products slightly ad-
vance with quite large exports disclosed in the
May report OF the department. Wheat is only
a fraction higher, the exports and ordinary
consumption for the year having already ex-
ceeded the government estimate of last years
crop BY 1s4O00-0r0 bushels. Western receipts
for the week have been 1,454, 404 bushels:
against 2l0l.954 last year, and Atlantic
exports only 90a, 1856 bushels, against 3 223.087
last year. Cotton has yielded fraction and
the report of acreage by the Financial Chron-
icle indicates an increase of 2.06 per cent.
with prospects decidedly more favorable than
year ago Exports of domestic prod
ucts in May showed decrease in all
the principal classes except provisions
the aggregate being S37 ,s23.712. against
sf434 ,443 last year but more than S5;0O0,000 of
the decrease in value is found to be due to the
fail in prices. Exports from New York for two
weeks of June have been per cent. larger in
value than last year. while imports at this
point have been IS per cent. smaller.
Stocks have not been active. but railroads,
have declined average of only 33 cents per.
SlOO while trust stocks average Bill per share
lower for the week because of realizationS and
doubts about congress action. Railroad earn
ings for the first week of June show de-
crease of 23:1 per cent. against 1913 per
cent. decrease for the last week of May, and
1873 per cent. for all roads in the United States
reporting for the full month. though state
mentS which include Canadian and Mexican re-
turns show smaller loss. 1t is reasonable to
expect that the resumption Of work at the coal
mines will considerably increase railway re-
ceiptS.
Gold exports have diminished to $3.50 900 for
the week, and sales of foreign exchange to ma
ture about the end Of July indicate some bor-
rowing from Europe against products to be ex
ported. A little more commercial paper from
jobberS are also found by the banks. but the 1
flood of money from the interior has not ceased,
though the time for movement of crops draws
near.
While business is narrow, it is comparatively
free from losses by failure, for the liabilities.
reported in failures for the first week of June
were only S.-NI22S, of which S476iiS were of
and 81 S72 POI of trrdirg concerns.
The aggregate liabilities thus far reported in
failures in May were but Sl3,514,760 of which
s., 146 OPS were of manufacturing and 81, 912 302
of trading concerns.
The mum Der of failures this week has been
232 in the U nited States against 3lss last year.
and 40 in Canada against 81 last year