Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-07-04
puN.s COMMERCIAL REVIEW.

LIN > S0mM6u0tA6 n6WtcWs
The Forthcoming HAlf.Yearly Report OF
Failures Shows . Failing on from Last
Year-Busfness Continues to ImprUve
Notwithstanding Doubts as to Eject OF
Recent Weather Conditions On Crop
Prospects-Upward Tendency OF Prices.
New YORK, June 29.-R. G. DUN &
Co.'S weekly review of trade. issued
| to-day, says:
The half-yearly report of failures
next week will include about 5000.
against 1909 for the first half of last
year, and liabilities of about SIS. 600, :
600, against SOL, 57s. 152 last year. But
for the Cordage concern, the aggregate
would be nearly % per cent. less than
last year. and the manufacturing liza
bilities 26 per cent. less, but including
it, the manufacturing liabilities will be
about $40, 1000, 900, against 81, S76, 1O2
last year, and the trading S45, 00O, 600
against $50, 345,97s last year, while
miscellaneous liabilities were only
50, zoe, 600, against 81. $50, 072 last year.
The liabilities for the second quarter
will be about $41. 900, against
$47, ,6Ss for the first quarter this
year. but $37. 595, 973 for the second
quarter of 1894.
Railroad receiverships< cover eleven
roads, with 1856 miles, S1O9, CSC, 40 in
| deb.edness and $s7, 423, 531 of stock.
Failures in Canada have been about
LOO. against 1.042 last year.
Failures for the past week have been
ESQ in the United States, against 214
last year, and % in Canada, against IS
last year.
Business is better, although the
crop outlook, affecting prospects be-
yond the near future, is little less
| distinct. There is more ground for
doubt about winter wheat and cotton
than a week ago, and threshing re.
ceipts are comparatively low, though
prospects for spring wheat are exceed
ingly good. The price, one-quarter OF
cent lower for the week, is beyond
mistake too low, if the latest impress
sions of injury to winter wheat are
correct, and receipts for the week are
relatively small. but for four weeks
have been 5,166,414 bushels against
5,794, 500 last year, while Atlantic ex-
ports, flour included, have been for
four weeks 4,s12, 729, against 7,444, 002
bushels last year.
Corn has declined a fraction and
pork is steady. Cotton has fallen
three-sixteenthst to cents, in spite of
| reports of. serious injury by rains in
Texas and Louisiana. A little buying
by northern spinners surprise the mar
ket, for their takings have been more
than enough for the years consump-
| tion, and British returns show great
decrease in exports of cot ton goods.
Speculation has even spread to the
wool market, and, with an advance OF
about cent in prices, the sales have
been the largest ever known in any
week-14. O67. 900 pounds, against g.
s35, 600 in 1892. In four weeks of June
the sales have be been 16, 132, 465 domes-
tic and 17,451, 500 pounds foreign.
but in 1892 they were 1880, 700
domestic and 1922, 800 foreign. A
growing belief that the domestic clip
is short, and an idea that the coming
London sales, beginning July 2, will
show higher prices, have been more
| potent than a little increase in the
manufacturing demand, and the prices
have risen in all markets. Lig hit
weights and mixed goods hesitate,
and some are lower than a year ago,
but since the Washington mills opened
Clay worsteds at slight advance.
other medium and better grades have
been stronger in tone.
The labor troubles are passing with
frequent advan ces in the rate of wages
paid.
Copper has been strengthened by a
large sale of Calumet and Hecla for
export at 1OH cents, which is now
quoted; while tin is slow at 14.15 and
lead at 3.27K cents.
Iron still advances, Bessemer selling
for $12.90 at Pittsburgh, and grey
forge at S1GsO, further advance in
structural forms is expected. the west
ern demand for steel rails at the adj
vance of So per ton is quite good, the
rise in bar is maintained and plate
and sheet mills are crowded SO that il
| is difficult to place orders at current
prices
The closing of its contract by the
syndicate raises the treasury reserve
above 500, 600, 600, but the certainty
that no more gold is to be imported by
the bankers makes foreign exchange
stronger, and if large part of the
| bonds taken abroad have been resold
in this country. deliverable as soon al
possible, as some believe, the heavy
merchandise imports at New York, A
per cent. larger than last year, against
exports about 2 per cent smaller, will
render exports of gold altogether prob
able.
Money still comes hither from the
west in amounts averaging about
$780, daily, and commercial loans
are charging, particularly on iron
and other manu- facturing paper. The
railroad presidents have again agreed
to restore rates which have been disas
trously cut for some time; but railroad
stocks have sharply declined about
1.94 per share during the past week.
Prices of coal are not maintained, and
another meeting of the agents failed
to mend matters.
The volume of business represented
by exchanges through the principal
clearing houses is for the past week
IS. 8 per cent. larger than last year, q
really surprising gain, and only IL
per cent less than in 1902, while the
! average for the month is 49, per cent.
larger than last year and IL per cent.
less than in 1892. The return is highly
encouraging.
| Finding of the United States Local Board
of inspectors In the Colins Case.
SAN Francisco, June 29.-The United
States local inspectors of steam YES
sells, Talbot and Phillips, yesterday
gave their decision upon the loss of the