Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-05-16
DuN.s COMMERCIAL REVIEW.


nous Bond Sales Abroad-Crop Prospects
Greatly Improved. Doing Much to De-
termine the Character and Volume of All
! Business After Summer Uncertainties are
Over-A General Improvements.
NEW YORK. May 11.-R- G. Dun &
Co. S weekly review of trade, issued to-
day, says:
The event of the week is the demon
alization of foreign exchange caused
by enormous sales of bonds abroad.
Besides sale of $40. 0OO, 900 Manhattan
and other railway bonds through the
syndicate, large purchases on foreign
account have been recorded for some
weeks, SO that the aggregate probably
exceeds $50, 600, 900 since the sale of the
new governments. Safety for the sum-
mer means much for all business, and
the syndicate deems it so fully assured
that it distributes 40 per cent. of the
money advanced by the associates,
which leaves large amount to stimu-
late operations in securities and prod
ucts-
Crop prospects, also. have greatly
improved, and this is of still higher
Importance. as it will do much to de-
termine the character and volume OF
all business after summer uncertain
ties are over. In addition business is
reviving. though the gain in great in
dustries is retarded by many strikes.
The volume of business represented
by exchanges for the first full week Of
May is 27.2 per cent. larger than last
year, and only 49, per cent. less than
in 1898; but bond and speculative
operations have so swelled traDsac-
tions here that the gain of IA per cent.
over last year outside New York is for
the moment a closer indication of gen.
eral business. Railroad earnings are
also better, for the last week of April
exceeding last years by 1913 per cent.
and the loss for the month compared
with 1898 is only III per cent.
The successful bond transaction
caused flames of speculation which
had been dying out to blaze up fierce
ly. Stocks have risen on an average
81. IS for railroads and SO cents for
trusts, and an easier money market
and safety for the summer seems as
sured. Coal stocks, however. have
risen sharply. with reports of agree
ments reaching beyond May which are
not yet verified.
tlc "cch S@s"oO,OOO CduC al
from the interior, showing that money
is not fully employed, and government
reports an increase of S12, 1856, 2sS in
circulation since April 1. Those who
think the supply deficient should OBJ
serve that the total circulation is 155
per cent. Of aggregate clearings in the
first week of May; in 1894 it was 90 per
cent, in 1898 only 126 per cent, and in
1892, with high prosperity, 134 per cent.
The demand for commercial loans is
smaller this week.
Sales of wheat for the week have
been 34,OO0,00O bushels, against 95,-
0OO, 900 the previous week and S1,000,-
600 the week before. and sales of cot
ton 542, 900 bales, against 1,O46, 900 the
previous week and 1892, 900 the week
before.
But Thursday brought new activity.
Wheat had fallen 215 cents. but rose 2
cents that day. Western receipts are
1,G67, 619 bushels, against 1851, 764 last
year, and Atlantic exports, flour in
Guided, 1,615, O51 bushels, against 2,214,-
O41 last year. In three weeks since the
rise in wheat these exports have been
5,160, 121 bushels, against 5,549, 81 last
year. Pork has fallen 25 cents per bar
rel, lard 90 and hogs 80 cents per 100
pounds. Cotton is lower and receipts,
in spite of familiar predictions of a
great decline. still exceed those of
1892.
The industries were distinctly
gaining when strikes began, which
have spread quite widely. Gar
ment workers in several cities and
the Pocahontas coke workers are
still out. with several thousand
workers loafng near Providence.
Other wooden mills and the furnaces
in the Shenango and Mahoning valleys.
which were making $4,000 tons per
week, have stopped; also the Illinois
steel works, the largest western con-
Germ so that their works are directly
affected, which produced 8 per cent.
of the output April 1. The Amalga-
mated association also proposes q
struggle over the new scale.
Sales of wool for the week are less
than in 1892, but larger than in the
past two years, though prices do not
rise. Rather more demand appears for
mems woolens, but cancellations are
also numerous, and imports of wooden
goods with Withdrawals from ware
houses were about 1900, 900 in the
first quarter of the year, against about
S., 600, 900 lastyear. Cotton goods con-
tinue strong, mills being we'll en-
ployed, and they hold heavier stocks
than ever of raw cotton bought at low
prices.
Foreign imports in April at New
York were IA per cent. larger than
last year. with exports slightly small
er, but last week exports were 16.4 per
cent smaller, the loss in sugar alone
being s1,15O.OOO.
Meanwhile commercial failures do
not equal last year; the liabilities
in five weeks ending May were
S1O,905, 971, of which S4,1ss,O61 were
of manufacturing and Sc, 552.11 of
trading concerns. Last year for the
same week the liabilities, were S14,-
75s, 467. of which $5.66a,21O were of
manufacturing and So, 560,315 of trad
ing concerns
The failures this week have been 2a7
in the United States against 200 last
year. and "a in Canada against AZ last
year.
STAGE ROBBERS CAUGHT.
Ono was Shot and VIII Die-Tho Other
Wounded.
LAKEPoRr, Cal, May 1.-THE brace
of highwaymen who held up the stage
hot To1s