Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-02-28
ouN.s COMMERCIAL REVIEW.


the beginning Of Real Recovery-New
Confidence Inspired In Business Men on
Both Sides of the Water-Revicw of tho
Weeks Observation-Disclosures.
New YORK. Feb. 23.-R. g. DUN &
CO. s weekly review of trade, issued to-
day, says:
The surprising success of the new
loan and the great confidence it has
given to investors on both sides of the
water and to business men here, en-
courage many to hope that it may be
the beginning of real recovery. In
twenty-five minutes here subscrip-
tions are supposed to have been
at least five times the amount
of bonds offered. and in two
hours at London they were twenty
times the amount that was offered.
Considering the power which control
of these bonds gives to regulate for
eign exchanges and to prevent exports
of gold, the transaction has indeed
changed the financial situation in
spite of the fact that government
revenues are still deficient, and that
domestic trade shows scarcely any
gain as yet. The industries are not en-
larging production, nor have prices Of
farm products improved. But a very
important source of apprehension and
hindrance has, for the time at least,
been removed.
Wheat fell to Sc cents Saturday last,
but recovered to 81, only a quarter be-
low the price week ago; while corn,
cotton and pork are unchanged, and
hogs and lard are shade lower.
Western receipts of wheat are nearly
as large as last year, though for three
weeks about 40 per cent. smaller, ow-
ing to the storms. The exports are a
little larger than a year ago. and yet
are not large.
Cotton has refused to advance,
though there has been much talk
about curtailment of acreage this year
and receipts have sharply decreased.
The decrease was apparently owing to
the unprecedented weather at the
south and the market is more infiu-
enced by the certain over-supply for
the next six months than by the pos
sible shrinkage in yield next fall. As
the market for goods is full here and
abroad the fact that available stocks
of American are about 100000 bales
larger than in 1892 at date justifies ex-
pectation that the surplus carried over
will be large.
The volume of domestic trade repre-
Sented by exchanges is but little larger
than last year, with allowance for diff
ference of working days, and 325 per
cent. smaller than two years ago. The
more accurate test, the daily average
for the month, is 90 per cent. larger
than last year, but 34.4 per cent.
smaller than in 1898.
Railroad earnings do not fairly rep
resent general conditions on account
of the severe and extensive storms,
though trade as well as transporta-
tion was checked by the delay of Or
ders, mails and shipments; but earn
ings for February thus far have
been Sc per cent. less than last
year, and 1913 per cent. less than in
1898. the largest loss being on southern
roads, where such interruption by
snow is rare. East-bound tonnage
from Chicago is small because of
frmer rates, but amounts for two
weeks to III, 27O tons, against $500
last year. and Jag, 500 in 1893. West
bound traffic appears rather better
and the through grain movement at
ST. Louis and Indianapolis is very
large. Stocks have scarcely advanced
at all during the week, the average
for railroads being only z cents per
share of 500 higher than a week ago
and for trusts only Al cents higher.
The trouble between the shoe manu-
facturers and sellers ofleather does not
lessen, and nearly all the jobbers are
refusing to pay the small advance in
prices which makers of boots and
shoes have asked on account of the
high price of leather.
Textile products show few changes,
but those are downward. Co.tons are
meeting an Indifferent demand, and
New York mills AKA bleached have
been reduced to 9h cents, and Ions
dale AKA bleached to So cents, and in
cheaper goods and brown sheetlngs
prices are irregular.
In lightweight woolens the recorders
continue later than usual and the pre-
liminary purchases of medium and low
heavy goods are larger than year
ago, some mills having business until
April, while in the higher grades there
is a more promising demand. The ter
mination of strike at Philadelphia
sets more carpet mills at work and the
demand is fair, while in dress goods
little is doing.
Sales of wool at the chief markets in
three weeks of February were Is, 1922
O5O pounds, against 1s,O10,sO0 two
years ago.
The exports of domestic products
from New York are smaller for the
week. and since January about 81 ,6OO,-
900 smaller than last year, while the
imports have been S3,200,O00 larger.
The government customs receipts for
the months thus far have been only
s., 431, los and internal revenue Sc, 1885,
9O5, the total receipts being SIS, 21s, BAT
less than expenditures.
The failures for the first half of Feb
ruary show liabilities of $3.50, 1856,
| against S., OO3.O72 last year: of manu-
featuring concerns 1882 ,319, against
So, 749, s45 last year, and of trading con-
Germs 50, 353, O19, against s4.7O3, 40 last
year.
The failures for this week have been
3o2 in the United States, against 28S
last year, and in Canada So against 81
last year.
A .Murderer uSmiled When Sentenced tn
NEWARK, \. j., Eeb. %. Judge
Depee, in the court OF oyer and termi-
ner, sentenced Henry Kohl to he