Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-08-15
DuN.s COMMERCIAL REVIEW.

Business Continues Unusually Active for
Midsummer. with No Visible Signs OF Re-
action-No Change In Crop Prospects
Probable Effect of the Concerted With
holding at Wheat-The Industries still
Making Prosress-Ths Failures.
NEW YORK. Aug. 10.-R. G. Dun &
Co.. in their weekly review of trade.
| issued to-day, say:
Business continues unusually active
for midsummer, and though there is
perceptible relaxation there are no
signs of reaction. The one change of
great Importance which the past week
has brought is eminently helpful
the AMIGA BILE settlement between coal
miners and employers throughout
western Pennsylvania, Ohio and In
| diana. It is said that about 100, 600
men will have their wages increased
| after October 1 by this adjustment.
While the enlargement of purchasing
power is of consequence, it seems even
! more important that chronic cause
of controversy has been removed by
the new agreement as to company
stores.
There is no important changes in
crop prospects. and at this time no
news is eminently good news. Taken
altogether the crops of the year prom
Use so much better than was expected
a month ago that the effect is highly
encouraging.
The outgo of gold continues, and ex-
cites some comment, because it is felt
that the bond syndicate could arrest
the movement at once if it pleased by
reducing the rate of exchange.
Speculation has been more success
full in cotton than in any other prod
uct during the past week, and has
lifted the price an eighth, although it
cannot be said that the prospect as to
yield has definitely changed. Some
injury has evidently been sustained
from excessive rains and the govern
ment report commands little more
,, attention. Wheat has declined frac-
extremely small western receipts infiu-
encing the market for the present
more than the restricted exports.
by western farmers, if continued,
would doubtless affect the price
in the end. but it has already stopped
Atlantic exports almost entirely, the
amount, flour included, having been
only 753.33O bushels for the past week,
against 2,9s6. 436 bushels for the same
week last year; and when foreign
markets have supplied their needs
from other quarters the western farm
ers may find reason to regret that they
did not ship their wheat at the ordi-
nary time. Corn tends to lower prices,
with more encouraging prospects, and
the expectation of a heavy corn crop
affects prices of provisions, as might
be expected.
The industries continue to make
progress, and higher prices for iron
and steel products prove that the sup
ply has not yet outrun the demand.
Ressemer iron is a shade weaker. but
gray forge has advanced about so
cents, and finished products are re-
marlsably firm with further advance
in steel beams to lie and in angles to
LIS cents and in bar iron to 1.3 cents.
The Carnegie works at Homestead
broke the record by turning out in
July As, 900 tons of steel, of which IT,
$50 were of beams.
The anthracite coal market is COM
pletely demoralized. and prices have
again yielded little to about the
lowest ever known.
Sales of wool are not as much in
hated by speculation as they were
during the first half of July, but they
still considerably exceed the actual
consumption in the manufacture,
amounting, at the three chief mar
kets, to 1853. 800 pounds, against 9,271,-
700 pounds for the corresponding week
of 1892. Prices are very firm, holders
who bought enormous quantities
month ago in expectation of rise ap-
pear to be looking for further ad-
vance. But wooden goods show signs
of weakening, and there is much COM
plant of foreign competition and un-
dervaluations, especially in medium
and lower qualities, while in worsteds
the tendency of prices is upward.
Some staple cotton goods have again
advanced in price, and the market is
unusually strong Tor the season.
The shipments of boots and shoes
continue larger than in any previous
year, but there is very little new bust
ness, and most of the manufacturers
are getting near the end of their or
ders. while many have discharged
part of their hands. Prices are firmly
maintained, and there is no yielding in
leather, though it is reported that in
hides prices at the west show little
weakness.
The failures in July show liabilities
amounting to S11,78s, $40, of which
81, 549, O75 were of manufacturing, and
IS, es3, 1.3 of trading concerns.
Failures for the week were s25 in the
limited States aoaiuSt 264 last wear
and 40 in Canada, against 81 last year.