Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-06-27
|pun.s coMmERcIAL REVIEW.


Genernl Improvement Noted All Along the
glpe-No Setback II Visible Anywhere
But from All Parts NJ the United States
the best Advtces Tell OF Rising Tide OF
Trade and Industry.
New YORK, June PR. 6. Dun's
report, issued to-day, says:
Failures for the second week of juno
show liabilities of only 5000, 3s2. OF
which 500. 357 were manufacturing
and 1925, 625 were trading; against
Sc, 9I7,535 in all for the same week last
year, of which $6sS. 1877 were manufac-
turing and S2.2e0. 766 were trading,
Additions for the first week of June
raise the aggregate for two weeks, in
Guiding the Cordage concerns, to S14,-
321, s41. of which $40. ST., 1926 were m an
ufacturing and S3,6s4. liz were trad
ing.
Failures for the week have been e2s
in the United States. against 214 last
year; and 81 in Canada, against 25 last
year.
He who sees setback at this time
must be gazing through a telescope
pointing by mistake at some other
country. From all parts of the United
States the best advices obtainable tell
of rising tide of trade and industry,
which threatens here and there to
mount too far and too fast.
The volume of all business is by no
means equal to that of 1892 as yet,
though in some important lines larger
than in that or any other year.
Daily payments through clearing
houses in June are &c. 9 per cent. larger
than last year, though Sc per cent.
smaller than in 1892, the last year of
full business at this season. A rise of
more than a quarter in a single year
is the more significant because, in
spite of recent advances, the prices
of commodities as whole
average fraction of per cent. lower
than a year ago. Two influences of
tremendous power contribute to the
rise: Encouraging crop news and con-
fident replenishing of stocks which
have for two years been depleted to
the utmost. When business payments
have SO long been $1,000. 600 yearly
less than before, it is not strange that
the increase should be at the rate of
81, ZOO. 900 a year, when faith in the
future inspires general replenishment
of stocks.
Excepting too heavy rains in Texas
crop reports this week have been
highly encouraging. Future injury
to cotton cannot be predicted, but as
yet nothing indicates a yield below
I, 800, 600 bales. which would not be
to threaten famine if the
and mill stocks are re-
now exceeding by $500, 600
bales, a full consumption until Septem.
Der L. Receipts continue small and
close to the maximum
here and abroad, though the market
ing of British goods is not entirely en-
Liberal purchases of all
products by the sou tn do not indicate
belief that any serious misfortune inn
Ponds
So the strong trade in the cereal
growing states accords with brighter
crop prospects The reports from
spring wheat states and from the
Pacific coast are SO cheering that al
though the loss of winter wheat was
large, those whose estimates have been
most accurate in recent years now
vary in predictions from 4SO, O0O, 900 to
$40. 900, 600 bushel.
Atlantic exports for three weeks.
-four included, have been only 3.75s,-
718 bushels. against 5000, 232 last year,
indicating no urgent demand at cur
rent prices. There has been fall OF
cents in wheat, with heavier sales
than for three weeks past.
The rush for supplies in iron and
- Il 80
stock market. Because prices are
rybody hurries to buy,
50 that they mount higher. Bessemer
iron has reached S12. Is at Pittsburgh.
the Bar association has advanced COM
mon to s1.15, the Wire Nail associa-
ton puts up the price to 81. so per keg.
the steel rail makers have raised the
price to S24. Eastern and south
ern furnaces have both raised
prices again SO cents a ton, and struc.
tural beams are 81. 35 and angles 81. %.
It is undenia BILE that works in opera
ton are crowded with orders, and 9TH
ers which have been idle for years are
to resume.
Sales of wool at the chief markets.
;, 113. 700 pounds domestic and 3. s44, 4Ol
u, dIC AdISCI tAdh Ah PIC
vious year for the same week, and in
three weeks of June have been 10, &c.
JOS pounds, of which 1864, 800 were
foreign. Holding of stocks by growers
Tor higher prices has caused an adj
rance in the average of 1O4 qualities
If domestic woods quoted by Coates
Bro. IS from 13. 90 cents June 1 to 1927
tents; but Australian is bought on
aFge scale at SO to 3S cents for comb
ng and "a to SO for clothing, both
and want of domestic sup
plies is evidently causing heavy pur-
:hases of foreign wool in advance of
leeds.
Orders for mems woolens are little
better, and the Washington mills are
opening up their clay
vorsteds at an advance of about 21<
yer cent, though some lower grades
IRE reduced in prices.
Advances continue in cotton goods. |
md are sustained by unusual demand
md scarcity at a time when the mills |
ire generally ANXIOUS to clear off old |
tocks.
Shipments of boots and shoes for the |
week have been the largest ever known |
n any week, 1Ol, 4o5 cases, according to |
he Shoe and Leather Reporter. and for
hree weeks of June have been II per |
emit larger than in any previous year |
FINANCIAL DESPERATION