Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-01-17
DUN'S TRADE REVIEW.

But Little Change in Business Since the
New Year, and That Not for Higher Prices
Increased Stocks the Result of Oyerpro-
duction-No Fall In Wooden Goods Under
the Decreased Tariff Duty-Stocks
Stronger. Etc.
New YORK. Jan. 12.-R. G. Dun &
Co. IS weekly review of trade, issued to-
day, says:
Neither the beginning of the new
year nor the failure of the currency
bill has brought any material change
to business as yet. The idea that bust
ness would suddenly take a new start
after the holidays had rather less foun-
dation even than usual, but the hope
OF strong revival a little later is still
cherished by many. The currency
bill, with its possibilities of vicious
amend inents, was a source of appre-
hensiun to some, but with that out of
the way, the deficiency of treasury re-
ceipt, and exports of gold do not cease.
Exchanges through principal clear
lug houses are 2. S per cent. larger than
last ear, but 24.2 per cent. less than
in 1857.
There has not been much time for
change in the industries, but differ
ences observed since the new year be-
gan are not in the direction of higher
prices or larger demand. There are
more indications than of late that
stocks of different kinds of goods have
been accommodating in consequence OF
past increase in production.
In the boot and shoe manufacture,
increasing disposition to restrict or
ders, where any advance in price is
asked, unsettles the business, for while
some manufacturers have orders for
six weeks or more. most of them re-
quire further orders to run more than
about two weeks. The question whether
prices now demanded for leather are too
high for healthy trade, may be deter
mined only after some embarrassment.
The cotton manufacture reports de
creased demand, with print cloths
down to 2.62 cents; printed staples
much demoralized and lower, and wide
sheetings generally reduced about ~
goods are the lowest on record, the
weeks trade being quite unsatisfac-
tory.
Trade in woolens hesitates because
of large distribution from warehouse
under new duties, but little change ap-
pears in prices, and heavy woolens are
expected to open at about last years
quotations The demand for dress
goods has been remarkably satisfactory
until within two weeks, but has fallen
off. Sales of wool, 5.236,715 pounds.
against 5,S05.500 two years ago. indi-
cate hopcfulness among manufacture
erS.
Speculation in products has been
more active. Corn has risen g cents,
and the receipts are but little over
half of last years, the practical dis
appearance of export demands, then
large, counts for about as much. Lit
tie attention is paid to the government
report that the yield was only 1913
600. 900. bushels, and the advance es-
innate for wheat, 46e. 267. 416 BUSH
els, was treated as equally
| unimportant AS receipts of wheat
have fallen to /, 3O5, TAO bushels, against
1,s1s,5s2 last year, and Atlantic ex-
ports have become larger than a year
ago, the advance of II cents in price
is not surprising.
Cotton is so low that scarcely any
reason: is needed for fractional re-
covery, but with 100000 bales already
| in sight and the stocks abroad for
| months, there is little to cause much
| recovery.
Stocks have grown stronger-62
! cents per share since the first week of
| the month, partly because there is
| some investing of funds being distrib-
| uted, and anxiety about money has
| lessened. Some good reports at the
end of the year have helped, and the
| eff orts of associations to regulate
| rates and prevent cutting. But earn
| ings showed a greater decrease-5.6
| per cent.-in the last week of Deem
| Der than in that month, and in Janu-
| airy thus far are 81 per cent. below
| last year.
Tonnage reports show a surprising
| decrease east-bound from Chicago.
| 1S9,629 in five weeks, against 459, ?52
| last year; and the movement for the
| last two weeks at Indianapolis also
| shows a decrease.
The customs receipts for six days,
| including the two days in which heavy
| Withdrawals of woolens from ware
house were the feature, amounted to
| SIS, 76O 976; but the total receipt for the
month have been only $s,773,375,
| against expenditures of S14,054, GOT.
About S575,C0O worth of sugar came in
| last week and when stocks on hand are
exhausted larger revenue from
that source may be expected. But
while the general consumption
| of the people is still restricted,
revenue must prove deficient There
are also further Withdrawals on for
eign account, $o.35O,O0O gold going
abroad, besides 100000 taken into
banks. There is more money coming
in from the interior, and the business
of the country does not yet afford
lar ger use for it, so that no gain ap-
pears in commercial loans. 1t is a
mos significant fact that money still
comes to this center largely during the
first two weeks of January.
Failures for the first three days of
the year were rather large, as is
natural, with liabilities of S1,622, 203,
of which S266, 331 were of manufac-
turing and S1,347,272 of trading con-
| Germs.
| Failures this week are 42O in the
| United States, against 474 last year,