Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-02-07
DUN's COMMERCIAL REVIEW

OONS COMMERCIAL REVIEW
The Belief that a New Loan WIN be Issued
Causes Slightly. Better Feeling. Not
withstanding the Heavy Gold Withdraw
ais from the Treasury-LOwest Average
of Prices for Commodities Ever Known.
New YORK. Feb 2-R. G. Dun &
Co. S weekly review of trade, issued to-
day, says:
Things look better near the close
this week, owing to the belief that q
new loan will be issued. There was
need for relief, since January closed
with the heaviest Withdrawals OF gold
from the .reasury-$43,4 6s, 108-the
hope of a new loan being the ono
thing which has lifted prices during
the past few days.
January leaves behind it the lowest
average of prices for all commodities
ever known: for cotton, iron and its
products, wool and silver the lowest
monthly average ever known; and for
wheat a range above the minimum,
but yet declining rapidly toward that
point.
Industrial operations have not ma
terially diminished. though it has
been a disappointing month because
the general revival expected has not
come.
The large receipts on wooden goods
withdrawn from warehouse under new
duties early in the month, about So
OO0, 900, raised the total customs receipts
to ST, 361 ,914 for the month, and the
total receipts of all kinds to S27. sO4,-
800. leaving still a deficit of $685., 921.
Withdrawals of gold in the past two
weeks have been S2s, 900, 900, and the ex-
ports S25. 314. 434 for the month; and the
duced to about 81, 200, 900. which is
smaller than at any time since re-
sumption began.
The hope that gold bonds could be
authorized was ended by action in the
senate, but at the close there was
much confidence that coin bonds would
be largely taken abroad. thus offering
better promise for a new issue.
Prices of railroad stocks. after fall
ing 81 per share for the week, recover
ing IS cents and prices of trust stocks
declined "a cents. Earnings gave some
encouragement, being 6 per cent.
larger for January than for last year,
but east bound tonnage from Chicago
for four weeks was only 173, O4s against
49,, 922 tons last year.
No real change of consequence ap-
pears in domestic transactions, al
though owing to heavy payments
through New York banks in adjusting
Brooklyn wareho use combination,
exchanges for the week were 800 per
cent. larger than last year, but 80 per
cent. smaller than in 1898. Prices Of
commodities reached their lowest av-
erage thus far January &c, though only
a shade lower than December 26. The
continuing drift of money to New York
shows scanty commercial demand in
the interior, and no improvement APP
pears here In commercial loans. In
short, business is still waiting, and
finds reason for hesitation in the con-
dition of the treasury.
Speculation has not favored pro-
ducers. Wheat is half cent lower,
but western receipts were only 1885,
O12 bushels, against 1,579, git last year,
and, with exports larger than last
year, might have helped prices, had
not the visible stocks been so large.
Corn is cents lower, with receipts
about half and exports not an eighth
of last year.
Cotton declined a sixteenth ard is
close to the lowest point ever touched,
with an average of only 5.7OL cents
for January, against 5. "a in December,
and s.07 in January of last year.
Silver has been weak, and for the
month made slightly the lowest aver
age ever known, the output being
reckoned by Wells, Fargo & Co. at
S2e, 721, 014, or 5,588, oil ounces. The
decrease was II per cent, while the
increase in gold was SIS per cent.
Iron and steel look less encouraging
at the east, and the demand is disap-
pointing, although prices are not
weaker. At Pittsburgh and the west
a large demand appears, particularly
for wire and wire nails.
Shipments of boots and shoes for the
month from Boston have been 33S, GAG
cases against 3O4,197 two years ago.
but the situation is still discouraging.
Textile manufacturers cannot score
for the week, for, though
print cloths have advanced a shade; the
oC"0Au III oChCE COtGOu SOOuS Is
only moderate, and prices are unusu-
ally irregular. The opening of
mems woolens has continued with even
more general declaration of belief by
domestic manufacturers that they can
sustain themselves in medium grades
and in worsteds, but in the finer
grades, hesitation appears and in the
lower grades the extremely low prices
made by foreign dealers seem to
threaten the manufactures. Wool is
so low that large sales for possible
future use continue and the total at
three chief markets for four weeks has
been IS, 157, O65 pounds against 5,727,-
$50 two years ago.
Failures during the month of Janu-
airy have been much less important
than were apprehended, and aggre-
gate liabilities for twenty-four days
have been s1e>6s5, O6o, against ss5,s1l,-
$40 last year, only So, 40, 1913 being OF
concerns, against So
124, 562 last year, and So, 165, 267 being
trading concerns, against S14, 755.263
last year. The very heavy decrease,
in manufacturing failures,
will attract attention
Failures for the past week have been
354 in the United States, against $40
last year. and 81 in Canada, against 81
last year.
THE HEADIv TROLLEY CAR,