Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-03-07
DuN's COMMERCIAL REVIEW
Shows Little Change in Any Departm eat
from Reports Published Last Week.
Rates OF Exchange Nearing the Gold-Ex~
porting Point-Exports and Imports of
Merchandise Make All UnfavOrable Show

Il
from Reports Published Last Week
Rates of Exchange Nearing the Gold-Ex
| porting Point-Exports and Imports O
/ Merchandise Make UnfavOrable Show
1 ing-Failures.
| NEW YORK, March 2.-R. G.. Dun &
Co.'S weekly review of trade, issued to.
day. says:
No gold goes out, though sterling
exchange has risen close to the ex.
porting point, and it does not appear
that the syndicate has yet made any
effort to control the exchange mar
ket. London has sold about. 40, 600
shares of stock during the week. and
the market is distinctly lower for rail-
road shares, though shade stronger
Tor trusts. The stock market waits
| abjectly for London, and foreigners
show thus far more dispositions to
sell than to buy. Withdrawals of gold
by redemption Of legal tenders have
not ceased, but since the closing of the
| syndicate contract have averaged
about 100000 per day. There is no
essential change in the money market,
though rates are somewhat higher:
| Agricultural products. are a shade
higher, but without any reason which,
| looks to future operations. More pec-
pie are idle in the great industries
than were idle last week.. bat not for
reasons which distinctly affect the
| future.
Wheat is Is cents higher, bust clearly
not because western receipts are a
trifie less than year ago, nor because
exports from the Atlantic coast are
small. Spasms of speculative, activity
must be expected during every season.
and when prices are at the bottom
such spasms can only mean an advance.
Nothing is seen to justify any mate
rial rise, as supplies in sight. do not
decrease more than they would
naturally on account Of! bad
weather. Corn is only shade
higher with western receipts
much smaller than last year. Cotton
dropped a week ago to $50 cents, the
lowest point ever known since modem
c3assificasions were adopted, and has
not yet risen- though the talk of great
reductions in acreage this year is> rs
vigorous as ever. The whole market
turns on the fact that the stocks os
American cotton here and abroad arg
considerably larger than ever.
clearinghouse exchanges daily aver
age 6. d larger than last year for Feb
ruary,, but 33. * less than in 1898.
The industries make very slow gains
where they make any. Little is said
of the stoppage of she Edgar Thorn,
son steel works. though many thou
sand hands depend ON it's opera ton,
because the Carnegie company has pur-'
chared $4,000 tons bessemer pig at
80 TX
indicating that the biggest concern in
western Pennsylvania does not want
to make iron, for, Iese. At other mar
kets pig IRON is quiet and elsewhe re
and at Pittsburgh structural orders
account for a large share of the new
business reported, though activity in
wire rods and barbed wire still con-
tinues.
Bar iron and. stee1 are firmer at
Pittsburgh but without change in quo
tations, and on the whole the reduced
consumption in. January does not seem
to have more than matched the re-
duced production.
In the minor metals, there is more
business in lake copper at 9.65 cents,
with some offerings at 9. 5 cents and
forced sales have depressed lead to 81
cents. Tin is also weaker at 1871 cents,
with heavy impertations-
Nothing new. can, be said of boots
and shoes, for the markets are still I'M
settled by the controversy about
prices. Shipments from Boston in
February have been 3O6,965 cases,
against 29a, 97s "a. year ago. 1t remains
the fact that new orders are scanty,
even where no advances in prices have
been asked, and. the prostration of
is alleged as a reason FOR restricted Or
ders.
The sales of wool at the three chief
markets during the past week have
been &c, 500, $50, pounds, against IS, 444,-
131 last year, and 23> 1s9,O00 for the
same weeks, two years ago; and while
the mills making loa-grade goods are
fairly supplied with orders, it is
most unwholesome feature that nu-
merous cancellations are reported, in
dicating that the goods supplied at ex-
ceptionally low prices do not meet the
expectations Of buyers On the other
hand, the demand for goods of the
better grade seems q little better than
has, been expected
| For the time the treasury reserve
has, been replenished, although foreign
exchange has risen to about the ex-
porting point, with heavy sales of
stocks on foreign account.
The exports of merchandise for the
month from New York have been S24-,
933, 500, against Ss7, 13s, 500 last year,,
| while imports for three weeks of Feb
ruary have been ST., 600, 1S1, against
Sa1 1854, 0T+ last year.
| The government revenue increases
| only little, customs receipts amount
| ing to S13,334, Coz, and total receipts
| were but Sa,311,27S smaller than exc
penditures-
The failures for three weeks of Feb
ruary have shown liabilities amount
ing to Ss,5e3, 03s, against 81, +20, 4ls
for the same weeks last year; ihmanu-
featuring sa,a5 $50, against s5,045, s47
last year, and in trading $500, $50,
against Sc, 2S1 ,693 last year.
Failures for the week have, been $50
in the United States, against 265. last
wear, and in Canada 80, against AZ last
tyear.
SENTENCED FOR ARSON.