Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-05-23
puN.s COMMERCIAL REVIEW.

OUNsS COMMERCIAL REVIEW.
The Cold Snap Put . Check ON Retail
Trade, Yet the Volume of Domestic
Business II ssreater than Last Year and
Scarcely Less than In 1898, when Busi.
ness Broke Down and Exchanges Fell
Below the Normal Average.
NEW YORK, May 1s-R. G. Dun &
Co.'S weekly review of trade, issued
to-day, says:
The severe cold snap, with extensive
frosts, and in some states snow, has
fortunately done little damage to the
grain crops, though much to fruit, but
has considerably retarded retail trade.
The best news of the week is the adj
vance of 10 per cent. in wages by the
Carnegie works, followed by the
Jones-McLaughlin establishment, and
evidently implying similar advance
by many other concerns. The IIli-
nois Steel Co. is starting it's
furnaces without granting the de-
mands of employees. No adva nee has
been found practicable in the wooden
mills, where conditions as to prices
and foreign competition are very diff
ferent, and about 10000 workers are
still idle at Olneyville, where the
works should produce 100000 pounds
per week. In other departments of
labor troubles are not serious, and the
demand for manufactured products in.
creaseS.
With material and steady enlarge
ment in domestic trade, there is still
great want of employment in the in
terror, for money which comes hither.
So, SOC, 900 during the past week, and
with the millions distributed by the
syndicate on bond account, stimulates
speculation. Accordingly wheat has
risen five cents, although the re-
ports of injury by frost do not
appear, upon sitting. to concern
any considerable proportion of
the growing grain. Western re-
ceipts for two weeks of May have
been 2,917, 305 bushels, against 2,600,-
29s last year, and Atlantic exports
3, .4s4 bushels, against 4, SIS. 101 last
year, being reduced by the advance in
price less than would be expected be-
cause of generally-current reports of
decrease in acreage. With only six
weeks of crop year left, the stocks in
as large as some western statisticians
estimate.
Corn has advanced only one-ha II
cent, though apparently injured more
than wheat, but the acreage gives
promise of a yield of 1000. ZOO, 900
bushels.
Cotton is an eighth stronger, in spite
of the fact that 9,461, 0s1 bales had
come into sight last Friday, which is
over 400, 900 bales more than the larg-
IL
ners have taken little less than years
ago to date. when the crop was over
1900, 900 bales, but at least SOC, 900 more
than they have consumed as yet. and
foreign spinners hold nearly 5000
bales more than they have consumed.
while commercial stocks here and
abroad are $4,000 bales more than
three years ago. The manufacture
Sales of wool continue remarkably
heavy, for the past week at the three
chief markets $3.50, TAO pounds. and
for two weeks of May II, O59, $50 pounds,
against II, 767, $50 in the same week OF
1892, the last year of full demand. In
that year the sales of domestic were
5,962, 900, and this year 1851, $50
pounds. The markets are quiet, almost
unprecedented apathy for the season
prevailing, but because stocks OF for
eign WOODS held here are remarkably
large and are offered at prices
relatively lower than those demanded
by western growers.
Advances in wages of iron workers
by Mr. Frick, of the Carnegie COM
pany, are as significant as were the
advances in wages of coke workers by
the Frick Coke Co. Apparently it is
strategetic movement in the great bat
tie between iron producing interests.
although it is generally inter-
for trade is sufficient to warrant
a material advance in wages
and prices. Most furnaces in the Ma
honing valley have also advanced
wages and Bessemer iron has raised to
s114O at Pittsburgh, with gray forge
to s9.65. Finished products are in
larger demand, but as yet not enough
larger to cause any general advance in
prices, and proposals of combinations
in merchants steel, structural iron,
wire rods and cut nails, with the exist
ing combination in steel rails, show
that the market does not rise OF itself
The shoe manufacture is doing re-
markably well as usuul, though opera
tions for the future are materially re-
| tarded by the advances in leather and
| hides, which many begin to think have
gone somewhat too far.
Foreign trade for the week shows a
heavy decrease, So per cent. compared
with last year in exports, and the de-
crease in May thus far is about 26 per
| cent. On the other hand the imports
| for May increase less than per cent.
In consequence the government rev.
| enue has materially decreased. the ex-
| cess of expenditures over receipts for
| the month thus far being S5,532, 677.
Commercial failures for the week
ending May show liabilities of 49,.
| O09, 372, of which S1.0O6. 666 were OF
manufacturing and $1,000, 7o6 of trad
| ing concerns. For the corresponding
week last year the liabilities were
| s1,937,53s Of which only S432,'
COG were of manufacturing and
81, 400, 92a of trading concerns. In the
five weeks ending May the aggregate
| of liabilities was S11,O7O.4 79. against
| S14, $50. ACT for the same week last year
| Failures during the past week have
been 211 in the United States, against
219 last year, and "a in Canada, against