Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-08-01
DuN.s COMMERCIAL REVIEW.

10IN - S0" Ut f00tbA1 vi. W.
The slight Failing on from Recent Heavy
Business Merely Incident to the Soss0n-
Prices Of Iron and Steel Products Still
RIse-Better Outlook for Textile Work
ers-Thc Financial Situation UDdisturbed
Failures.
NEW YORK July 27.-R- G. DUN &
Co., in their weekly review OF trade,
issued to-day. say:
1t is not the season for the tide of
business to rise, but there is perceived
scarcely any shrinkage except that
which comes naturally with midsum-
mer heat Lateness of spring trade
throw heavysettlements into the second
week of July and clearinghouse pay
ments are now almost $3.50, 600 smaller
than in that week. but are gil larger
than last year. and only 60 per cent.
smaller than in the same week of 1899.
The volume of new business is small
compared with recent months, but
large enough to encourage more open
ing of long-closed works and more adj
vances in returns to labor.
Important strikes show that the adj
vance is not enough for some. but
seem not more threatening than a
week ago.
The small shipments of gold count
for nothing, and money markets are
undisturbed.
Accounts of shrinkage in the yield of
wheat come both from Pacific states
and the Dakotas. It would be a
strange and unnatural July without
such reports, and yet they have weight
enough this year to lead even the
most experienced to reduce somewhat
their estimates of yield, while the
price has advanced 81 cents this
week. Light western receipts-for the
week not a third of last years, and
for four weeks only 5,366.O63 bushels,
against II, 9s3, GIG last year--strength-
ened adverse reports. because the
price a year ago was about 90 cents
lower than it is now.
The western movement largely de-
ponds on the export demand. which is
phenomenally light. Atlantic ship
ments for the week have been, flour
included. only 671. SOL bushels, against
2,51s, 996 last year. and for four weeks
only 3,5O0,5s9, against 9.s65,722 last
year.
Corn advanced about a cent with
wheat, but has since lost all the gain.
Cotton has remained unchanged at
cents, although the latest reports
favor larger estimates of yield, a cir
cular by Neill going much beyond
other figures It is somewhat signif-
cant that the stock markets show en-
tire Indifference to crop reports, and
the grangers have strongly advanced
as if no inquiry had been rumored.
Prices of iron and steel products
still rise. the feature this week being
the startling advance of so cents per
keg in cut and wire nails. with new
cards for various sizes which, it is
stated, make the advance actually
greater than it appears Angles are
also a shade higher and other
prices strongly maintained. Besse-
mer pig does not advance, al
though the Carnegie and one
other company have been buying
about 100000 tons, which is supposed
to foreshadow large contracts for rails.
In the first half of 1895 orders for rails
were 713, 900 tons. against 500, 900 in
the first half of last year, and a good
majority of orders appear at Chicago.
Otherwise there is distinct hating in
new demand. though nearly all the
iron and steel works are crowded with
orders for some time to come.
Textile workers have a better out
look with larger demand, both for
cotton and wooden goods. shade adj
vance in the price of piece cloths and
most bleached goods and a more hope
full market for lightweight woolens.
which. if scarcely advanced beyond
last years prices, are on the whole
selling better.
The financial situation is not dis.
turbed by gold shipments, nor by the
large excess of treasury expenditures,
amounting to about $I2,300,0O0. Re-
ceipts are naturally better in July
than in most other months, but ex-
penses are also large. Money scarcely
begins to go out for crop moving and
the demand for commercial loans is
not as large locally as it should be.
Failures for seventeen days OF July
show liabilities of S., 500, Isl; of which
81, 993, 52s were of manufacturing and
So, 1924, ss1 of trading concerns. A year
ago corresponding reports scored &c.
317, 696, of which $685. 3s were of
manufacturing and 81, 4s3, oil of trad
ing concerns
Failures for the week were 202 in
the United States, against 249 last
year, and % in Canada, against SO last
year.