Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-02-14
GUMS COMMERCIAL REVIEW.

| GUMS COMMERCIAL REVIEW.
| The Sluice Gates Of the Yellow Sea Closed
| by the Expectation of Bond Sales-ro
| Advance in the Prices of Manufactured
Products and But Little in Cereals
| Stocks Little Better-Railroad Earn
| fngs-Eailures.
NEW YORK. Feb. Or. G. DUN &
| Co. S weekly review of trade, issued to-
day, says:
| A whole week, the confident expec-
tation of the sale of bonds. has kept
back exports of gold. Withdrawals
from the treasury amounted to about
1000. 600, but were mainly for domestic
| purposes. No bond bill has passed or
is likely to pass congress, and in the
| two months ending with February 1,
| the treasury actually lost SCI. GOO 900
in gold, of which $40. 400, 900 went
into circulation and SIC, 500. 900, besides
the product of the mines, went abroad.
How to arrest this outgo in either di-
rection is a problem which another is
she of bonds may possibly solve.
| 1t is hoped that the negotiations with
foreign bankers may secure some i'm
provement, though it is clear that
sales of securities here will have
the same effect as if the bonds
were placed in this country, and they
may not be stopped by the new trans
| actions. In other respects the do
mestic money market is decidedly en-
couraging, with fairly hopeful in
| crease in transactions of commercial
pa per, though receipts of money from
| the interior continue surprisingly
| large for the season. The condition
of industries. if not definitely better,
| at least presents some points of en-
enlargement.
! No advance in the prices of manu-
featured products indicates better
demand. On the contrary, iron and
steel products have slightly declined
for the week and for the month,
and in comparison with prices of Octo-
Der. 1890, are but 54. 1 per cent, against
| 54.S per cent. January 1. During the
week the demand has been checked by
the higher prices at Pittsburgh, so
tlat bessemer iron receded a little,
while structural products, in spite of
some large contracts, are shade
| lower.
At Chicago things are brighter. pig
iron is in better demand and fair Or
ders are coming in for bar; but struc-
tural orders are delayed by severe
weather. Tin has been lifted 4 shade
by speculation, and lead is steady, but
copper is slow of sale, and weak at 90
| cents for lake.
The difficulty in boots and shoes has
not been removed. Although deliver
les on past contracts are larger than in
any previous year, since January 1. not
many are running to their full capacity
| and orders are restricted in some
grades.
In cotton goods there has been re-
| duction in some brown sheetings,
| while other qualities are moving fairly
at unchanged prices. A large auction
sale OF silks resulted in prices about 10
per cent. below the recent market
or September prices. In woolens the
openings of the finer grades for the
heavyweight season have brought
some increase in business, but not at
| satisfactory prices.
| Sales of wool thus far this year have
been 11,3OS.665 pounds domestic,
| against IL. 52l 800 last year, but of for
eign 11.3OS.55O against 1.594,3 last
year. 1t is noticeable that sales of
foreign wool have not been materially
larger this year, without duties, than
| they were in the same weeks of 1898 or
1892.
| No improvement in the prices of
| farm products has resulted from the
somewhat active speculation during
the week, wheat being only half a cent
higher than a week ago. with western
receipts only 1921 bushels, against
| 2,24O. $50 last year, while exports have
been little smaller. Receipts of corn
| have been small, but prices have
slightly advanced. Prices of cotton are
unchanged, although the receipts con-
tinue unusually large for the season.
| The market for cotton goods does not
| appear to have improved abroad, as it
| does not here.
Speculation in stocks has a little
more than recovered from the decline
early in the week, and railway stocks
| closed % cents lower with the week.
| Railroad earnings show slight i'm
provement for January, as far as they
nave been reported, amounting to "a
| per cent, compared with last year, but
are 1873 per cent. smaller than in 1898.
Returns from Indianapolis and st.
Louis both show an increase
of movement. The most inn
| pOrtant event is the appointing
of receivers for the Norfolk & West
ern, a road of 500 miles, with s59, O72,-
922 Indebtedness and S57, 100000 stock.
While this has been in measure ex-
pected, it is likely to have some effect
upon foreign holdings of American
stocks. Since the sales of bonds to
foreign bankers tend to increase sales
by foreigners of American railway Sc
curities, this may be Important.
The failures reported for the month
| of January show an aggregate of $751;
1O3.292 liabilities, against 500. S43, OPS
| last year, and in manufacturing only
50, 72s, 5s7, against S11 ,5s9,7l5 last year,
while in trading the liabilities were
| S11,O55, los, against S1.,234, 5s7 last
| year.
The remarkably large decrease in
| manufacturing failures deserves the
| more attention, because prices of man
! ufactured products have so greatly de-
clined during the year, and the output
has been greatly reduced.
Failures for the past two weeks have
| been 2S1 in the United States. against
$50 last year: and So in Canada, against
60 last year.
BURNED LEATHER.