Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-08-22
DuN.s COMMERCIAL REVIEW

DuN's COMMERCIAL REVIEW.
A Related Season Caused by . Frozen May
Rather Changes Times and Seasons.
While Financial Events xre Used In
Speculative Markets to Create Appre-
hensions, But Do Not Prevent = Fair
Volume of Trade.
Co., in their weekly review of trade
issued to-day, say: !.
1t is belated season; a frozen May
set everything back. The heavy bust
ness which ought to have been done in
May and June was pushed into July.
SO that the midsummer decline due in
July comes in August With this in
mind. one is not surprised to find the
shrinkage from July to August rather
more conspicuous than usual Finan-
cial events are used in speculative
markets to create apprehension
Exports of gold have continued this
week. and while the syndicate has de-
posted enough in the treasury to keep
the reserve intact, the impression
grows that another sale of bonds may
be made. Exports are falling below
last years, in two weeks of August
IS, 300, 900, or 30 per cent, while inn
ports show small increase of 81 per
cent.
Government receipts for half of Au-
gust are 7,1s1. 1856 less than expenses.
The disappointing crop reports of last
Saturday, though evidently distrust-
ed, lessen confidence in regard to the
future of trade, even while some spec
uIators gain by them.
Back of all doubts is the fact that
the industries are doing better than
anyb body could have expected. The
output of pig iron August 1 was $780,
525 tons weekly, or ITO. sos by another
report, in either case close to the
largest output in 1898, though sur
passed by $1,000 tons in the spring of
1892. Unsold stocks are sS,O7S tons
smaller. the great steel companies
having made heavy purchases in adj
vance of needs. but the actual con-
sumption is large, and prices rise in
the face of the increasing output.
Bessemer iron is SI4. Is at Pittsburgh;
plates have advanced 81 per ton,
though other prices are in some cases
shaded in the east.
Wooden manufacturers find in their
way large sales of foreign goods at
prices which cause official investiga-
tions. The imports were $4,000, 600
pounds of cloth and dress goods in the
first half of the year, against 5000, 900
last year. The sales of wool, 6,313, 600
domestic and 3.279. 900 foreign this
| month, against IL, $40, $50 domestic and
1.602, 500 foreign last year, and II, $685.
s02 domestic and 4,566, 500 foreign in
1892, indicate that domestic wool is
largely held for speculation at prices
about cent higher than manufacture
i ers feel able to pay.
Few strikes in wooden mills occur,
but the carpet works about Philadel-
phia are still idle. Shipments of boots
and shoes have fallen almost to last
years figures for August thus far, and
orders are as yet scanty for the new
season. but prices are firm, and leather
does not change, though tanners de-
cline to pay current quotations, 90 to
10 cents for western buff hides.
Crop reports modified expectations
as to cotton and wheat. and cotton
spectators have bought, lifting the
price five-sixteenths, while wheat,
with more evidence of loss in yield,
has declined ~ cents. According to
the government reports, the crop of
each would be about two-thirds of the
maximum. A third of the years con-
sumption of American cotton is still
on hand, but not third of the years
consumption of wheat. Receipts for
the week were better. but not half
last years, and in three weeks $685.
531 bushels, against 1921, 633 bushels
last year.
August earnings of railroads thus
far show 5 per cent. behind last years,
with loss on nearly all classes. In
July the full returns were 10 per cent,
and in June 1873 per cent. below those
of 1892. East-bound shipments from
Chicago for two weeks of August have
been s9.745 tons. against 97,03s last
year and 100. 100 in 1892.
The stock market has been quite in
active with trifing decline both in
railroad and trust stocks as whole,
largely influenced from day to day by
financial rumors.
Failures for the week were 1876 in the
United States, against 229 last year,
and SO in Canada, against As last year.