Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-08-02
oUN's COMMERCIAL REVIEW.

the Fall in the Treasury Reserve and In
j the Price of Wheat. with Increased I'm
| certainty About Tariff Legislation, Etc.
| Etc.
NEW YORK. July 2s.--R. G. Dun &
Co. s weekly review of trade, issued to-
day. says:
The heavy outgo of gold, the fall OF
the treasury reserve, and OF the price OF
wheat to the lowest point on record,
and the increasing uncertainty about
| the tariff, have entirely overshadowed
other influences. Business delayed for
months by two great strikes now crowds
railroads and swells returns, and gives
the impression of revival in business
But it is not yet clear how far
there is an increase in new
traffic, distinguished from that
which has been merely blockaded or
deferred. In some branches there has
been more activity. but in others less.
| because events early this week led
many to infer that no change of tariff
| would be made. The internal revenue
receipts on whisky suddenly dropped
| more than half and sales of wool
| greatly increased. But the uncer-
| tainty is not removed. and much OF the
business done seems to be IN the nature
| OF insurance against possibilities.
Internal revenue receipts amount to
| $50. 700. 900 for the month. S14,2O0.0 600
more than in the same part of July
last year. Customs receipts this month
| are less than Ss,0OO,D00 against Sl6,-
| O00,00o last year.
| Freight which was delayed by the
| railroad blockade now crowds the rail-
| roads, and doubtless accounts in large
| degree for heavy western receipts OF
| wheat. But earnings show little gain;
| the comparison is now with time of
| great depression last year. The de-
| crease on all roads yet reporting for
! July has been 26.5 per cent, though
the roads as yet reporting for the third
week show loss of only 1916 per cent.
| Earnings in July on such roads as have
| reported are $50 per cent. less on Pa
| cific, 1878 per cent. on granger and 32.7
| on southwestern roads. But much OF
| the business was only deferred.
The payments through clearing
| houses are 15.2 per cent. less than
| year ago. and for the month thus far
| 15.s per cent. less. being 23.4 per cent.
| below those of 1892.
Wheat has found in the lowest depths
ing the monthly average at New York
| the lowest ever known. Western re-
caipts have been 5,455.s14 bushels,
against 3.192.2 95 last year. in part be-
| cause of delayed shipments, but the
| movement from the farms has been
| heavy. while Atlantic exports have
| been only 1.5l1. 6O4 bushels. against
| 2.O511. $50 last year. Corn was stronger,
| I, g r
and the exports are trifling. Cotton
| declined a sixteenth to cents. though
receipts from plantations are small.
| Official reports count for nothing in
comparison with enormous visible
| stocks.
| Textile industries have been per-
| ceptibly stimulated according to deal
ers. by disagreements which many
| suppose may prevent change of the
| tariff, and there has been more buying
OF cotton goods. with slightly higher
prices for few. notwithstanding the
| closing of some important mills. The
| stock of such goods is on the whole,
| quite large. In woolens, the goods
famine, which clothiers prepared for
| themselves by deferring orders, is
such that impera tive necessities now
keep most of the mills at work, and
purchases of wool for immediate
use are large. But there is no
| change for the better as respects orders
running into the future. and indeed
| some concerns have withdrawn spring
samples in which very low prices had
| been fixed, and will make no effort for
| trade at present. Sales of wool have,
| been greatly swe1led by speculation. in
the belief that wool is not likely to de-
cline in any event. but may advance
sharply if tariff changes fail. Sales for
the week were 9,O34, 100. against ,, 1914
500 last year, and 9, lis, 500 in 1892. In
| four weeks of July SAILS have been
%. $50, 2s5 pounds against 1O,696,900 in
1898. and 20. $50, $50 in 1892.
| While scarcity of coal de lays resump-
ton of work in many central and
western iron mills, the light inquiry
for finished products anil the disap
pointing demand for mo st at Pitts
burgh raises doubt whether material
increase can be expected until tho
| tariff question is out of the way. The
demand for sheets is better at Chicago
| and there are numerous small Orders
for structural work at Pittsburgh
with rather better demand for bars
but nothing like the expected rush
At Philadelphia the tone improves and
prices are steady, but foundry bust
ness is much depressed. and sharp COM
petition prevents advance in finished
products.
| Business in shoes continues good,
| and shipments for four weeks of July
| have been 1000 cases or 4 per cent.
| larger than last year. and $1,000 cases
or l l per cent. less than in 1892 or 1891.
| Orders for women's light goods appear
| to be slackening.
Failures for three weeks of July
| compare well, of course, with the panic
period last year, commercial liabilities
being S6.317 ,696. of which S3,5ss, 93s
were of manufacturing and S2.403.011
| of trading concerns. Commercial loans
are expanding but little. and great
| caution still maintains soundnesS.
The failures this week have been a49
in the United States. against 1856 last
| year. and 80 in Canada, against % last
year.
A FATAL PAY DAY.