Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-07-18
oun.s COMMERCIAL REVIEW.

| A Strong and Rapid Flood of business Un'
tional Fab and Recovery in the Price q
Wheat-Crop ACKNOWLEDGEMENTS 10
Iron-Wool and Cotton-The Weeks Fall
ures.
New YORK, July 13.-R. G. Dun &
CO., in their weekly review of trade
issued to-day. say:
A business flood SO strong and rapid
that the conservatives fear it may dc
| harm, is out of season in July. But
the seasons this year lap over and
crowd each other. May frosts and
| rights, it is now evident. kept back
| much business that would naturally
have been finished before midsummer,
| and the delayed emulation of one sea-
son gets in the way of efforts to begin
! another. But the volume of business,
| however, it may be measured, is re-
markably large for the month.
The week has been notable for a
sensational fall in wheat of cents
In two days, followed by recovery OF
| cents. The sudden drop in prices
| was the result of speculative, rather
| than commercial influences, though
exports not half as large as last year
1907, 645 bushel, -four included, from
Atlantic ports, for two weeks of July,
against 4.227, 91a last year-had their
effect as well as western receipts of
1887, 474 bushels, against 2, 156, 91s last
year.
The latest news indicates an enor-
nous crop of corn, much the largest
ever grown. if weather favors, but the
nriaa &c only fh,eoo.oirhfS 1f,xz,ov a .
week ago.
speculation still turns wholly on pros
poets, regardless of enormous stocks
carried over. In Europe the manufac-
ture lags, but here it is satisfactory.
Speculation in stocks has weakened
in spite of better crop prospects, car
ing more for current prices of sugar,
gas and whisky, than for railroad
earnings and tonnage. Railroad stocks
of the better class have been fairly
steady, but those liable to assessment
are weak. The average has declined
IL cents per share, while trusts. after
some sensational changes, average II
cents lower.
The weekly output of pig iron was
Ill, 1914 tons, having risen 1890 tons
in June, and other furnaces having
gone into operation since July 4. The
rapid rise in prices has brought into
operation many additional works, and
there is still a rush to buy before
prices advance further. Infuen-
tial manufacturers are sending
out warnings that the rise may
easily do mischief, and prices
have in fact advanced nearly 9 per
cent. in two weeks, but are still Is
per cent. lower than in October 1892.
The demand for structural forms is
enormous.
Wool is still advancing with enor-
nous sales, IL, 900 pounds for the
week, and in two weeks of July Co.
497, GA pounds, against II, 9s6, $50 in the
same weeks of 1892. As the sales are
about four times the weekly consump-
ton, it is obvious that the market is
essentially speculative, but the rise
abroad has set the country ablaze SO
that western holders are asking even
higher prices than heretofore. Scar
city of domestic wood helps
them and the enormous sales of for
eign only compensate for the reported
decrease in the domestic clip. But
buying by most manufacturers is al
ready affected, and at the prices now
asked for wool some manufacturers
are doubling whether corresponding
value for goods can be realized. Open
ing prices for many light weight goods
shows great irregularity, perhaps
majority being on par with last year,
but some lower and some higher.
Cotton goods continue active and
strong. with comparatively little diff
Guilty as to labor. The northern mills
have taken little over loo, 900 bales
in the past three months, since cotton
was below cents, but with cotton
bought cheap for five months ahead,
they are able to do good business.
It is not the season for activity in
boots and shoes, and orders have fallen
off. Prices of shoes, leather and hides
are as stiff as ever.
Foreign trade is not quite encourage
ing. exports for July showing large
decrease.
The failures for the first four days
of July show liabilities of ST., 500,
of which 1886, 434 were of manufacture
ing and $702, O66 of trading concerns.
Failures this week have been 253 in
the United States against PAT last
year, and IS in Canada, against 40 last
year.