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

| Effects OF Midsummer Lassitude Becom-
ing Apparent, Still Hopeful Spirit Pre-
vaiIs-Apprehensions of = Monetary Dis
turbance Pushed Aside and Prices tsen-
orally Well Maintained with Occasional
Advances-The Growing Crops.
NEW YORK. Aug. 3.-R. G. Dun &
Co, in their weekly review of trade,
issued to-day, say:
The years business will be much af-
fected by the crops and the most hope
full estimate falls below full yield,
except for corn. Larger stocks than
were Immediately wanted have been
taken by traders as prices were adj
vanciEg and these tend to limit future
orders The general advance in many
products also causes reluctance to
purchase, and the distribution of the
past half year has been in part to
make up for stocks and individual
supplies depleted during two years of
economy. On the other hand there
has been enormous increase in the
working force and a considera BILE in
crease in wages paid, which enables
people to buy more freely.
Apprehension of monetary disturb
ance has been quite pushed aside.
Strikes of some Importance appear
but do not yet threaten to last long,
though a strike of coal miners may
for time affect business somewhat
extensively.
The hopeful spirit prevailing in
nearly all markets may find its war.
rant, in spite of some shortage in
crops. Railroad earnings for July thus
far are eos per cent. larger than last
hut I hon IL,
1892, the loss being mainly west of the
Mississippi. East-bound tonnage from
Chicago for four weeks has been 21S,-
s63. against $4,000 last year. when
strikes disturbed, and 225, 1888 in 1892
a decrease of about 8 per cent.
All the indica tions show midsummer
lassitude. For the first time since the
rise in prices of iron products again
there have been some concessions to
retain business, and efforts of new
works to get orders tend to check the
advance. In spite of this the general
average of prices is a shade higher, bar
having risen relatively more than mill
iron has declined. The market for pig
is quiet, and on the whole remarkab bly,
strong, with the prospect of increased
output. Finished products are gener-
ally strong, with more demand than at
present can be met for plates and bar
business
Business in the cotton trade has
been the largest in July for several
years. but not large as to new orders.
A further advance of one-quarter cent
per yard has been made with mod
crate demand for some bleached and
81.
sheets and drills, while colored cot
tons are quiet with occasional adj
vances
The demand for mems woolens has
been less active, with some disap-
pointment observable, while worsteds
have sold relatively better.
Wheat suddenly rose cents on bad
reports of condition, but has dropped
all the gain as the scantiness of the
exports is felt, shipments in July hav-
ing been only 3.495. O64 bushels. flour
included. from Atlantic ports, against
9,s65, 1888 last year.
Western receipts continue very small.
and farmers appear to be holding for
higher prices. Corn is shade
stronger, although reports are de-
cidedly favorable. Cotton has risen
an eighth in price. wholly on bad con-
dition reports. but at the lowest esti-
mate the years yield. with stocks car
ried over, will exceed the worlds de-
mand.
Heavy sales of coal are reported at
prices at least cents below the cir
cular and the market is much demon
allied, with fear of auction sales.
The stock market has been strong,
and especially in the grangers. and
the average close is % cents higher for
railroads and ST. OF for trusts.
Failures for the week have been 261
in the United States. against 23O last
year. and % in Canada, against A last
year.