Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-06-06
oun.s COMMERCIAL REVIEW.

DUN'S COMMERCIAL REVIEW.
fhe Continued Rise IN tho Prices u
l Wheat and C0tt0n-LAb0f TrOubtes L61e
| Thre.teniug snd the Volume OF Trade
I NJ Shown by clearinghouse Beturnes
Generally IncreaainG-In3.ry to Cotton
and Wheat.
New YORK, June l.-R- G. Dun 4
Co.'s weekly r.. lew of trade, issued to-
day, says
More fSE-reaching tIlSu any other
change during the past week, II really
warranted by facts, is the continues
rise in prices of wheat and cotton
Real scarrsty of either would ahect
all business Happily there . still
room to hope that accounts OF injury
are greatly exaggerated, although
there has been some evidence during
the week that both the great crops
have suffered more than at frsS APP
Peared. Other changes are almost all
favorable, and: some highly encourag-
ling. Lator troubles are clearly less
threatening: Monetary conditions
are satisfactory, and the substan-
tibl increase in the commercial
demand is a. coed sign. Exchanges
through the clearinghouse have. been
greatly inflated by speculation. and at
this time last Year were cut downs "
the. coal strike, and toward the end OF
May, 1898, greatly reduced by bank
failures. But for the week they So
ceed' last years by 10 per cent. and fall
only Sc per cent. below those of 1885,
while the daily average for May is 1913
percent. larger than last year, but z 10
percent. less than i'm 1898.
Stock speculation, has shrunk to less
than, half it's volume three weeks agos.
and il almost wholly confined to- pro-
fessioDals. in spite Of better earnings
The aggregate for May is 3.s per cent.
larger than last year, but Is. per cent.
less than in 1898. o1uses above-men--
toned affecting the comparison with
both Tears.
Eo1st1on has done. scarcely anything.
though still taking bonds enough to
prevent disturbanceof exchange. The
decline in railroad stocks averages,but
A cents per share, and grain-carrying
roads, are supported with such tenac
ity as to show that railroad managers
and owners have very small faith in
reports of injury to.gTain.
Wheat on the other hand is largely.
supported by public buying, and the
purchasing orders, from farming re-
gions are supposed TO indicate an opin-
ion. Oh the yield. Yet wheat comes
forward freely, as it would not at cur
rent prices if short crop were as
sured, and western receipts for the
month have been 5.944,574 bushels,
against 5.525, 25s last year.
Nor do Atlantic exports reflect i'm
creased haste to buy abroad, amount
ing in four weeks, flour included, to
6, 1888, 42O bushels, against 1916, 100 last
year. Accounts still indicate that
| spring wheat was not injured and
promises we'll in spite of some reports;
but in few winter wheat states the
yield has been cut down. how much
cannot yet be judged. The sales OF
the great stock held by the Fair estate
at San Francisco will lessen the Eu-
ropean demand upon Atlantic stocks.
Corn is ~ cents lower, lard is 10
cents per 100 pounds higher, pork is %
cents lower and hogs 20 cents per 100
pounds lower.
Cotton continues strong because it
is believed there will be much reduc.
ton in the yield per acre, as well as
in acreage. No estimate based on def
mite information puts the decrease in
acreage at more than 13.5 per cent
which, with a yield per acreage equal
to last years, would mean a crop Of
8, 400, 900 bales. Months must pass be-
fore there can be anything definite
known as to the probable yield per
Il Il 10
but the market has been acting as
though the future were known.
Speculation has diminished in vol
| ume and the fact that takings o.
| spinners have exceeded the maximum
| consumption over 100000 bales in
| northern states and twice as much
| abroad, makes the commercial stocks
in sight, 1884, 552 bales last week
look still larger. The advance this
week has been only a sixteenth and il
is supposed that the stronger specula
| tors have realized. The manufacture
is doing well, though not all the ma
chinery is employed. but the demand
has been better and there are occa'
sional advances in prices of goods.
| Sales of wool for the month have
been 10, ZIG, $50 domestic and 10.O3s. GOO
foreign, against 10, s91. 700 domestic and
e.2eT, AGO foreign in 1892. but stocks are
rapidly accommodating, and at Chicago
are said to be the largest ever carr led.
| In prices there is no change.
The iron manufacture is gaining rap.
| idly, and the average of prices else
where given, which had fallen since
February 1 to 5416 per cent. of the
| prices in October, 1890, has now risen
| to SO. IA per cent, most of the advance
having been in May. Bessemer pig
has been lifted to Les and gray forge
to 10. 10 at Pittsburgh by the growing
| demand; tank steel plates are S. per
ton higher at Philadelphia. and nail
producers have combined, raising wire
nails to Sl.l5 and cut nails to 81 by car.
loads at Pittsburgh.
Failures for three weeks of May
| have shown liabilities amounting tc
| 7,455.244, of which 81. 642. 600 were of
manufacturing and 81, 230, 637 of trad
ing concerns. For the same weeks
last year the liabilities amounted to
S7.7s2, 633, of which 50, $50, s12 were of
manufacturing and 50. 275, 275 of trad
ing concerns.
The failures during the past week
have been els in the United States.
| against 1873 last year; and 81 in Can
ada, against q last year.
A IMMATURE HADES.