Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-06-13
DuN.s COMMERCIAL REVIEW.

Tho Tide of Business Rising with Aston
shin. Rapldity-Each Advance Is Well
Sustained. Proving the Fears Of tho DIore
Conservative that the Improvement May
Not be Permanent to be Grouudless-Ths
Upward Movement.
NEW YORK, June 8.-R. 6. Dun &
Co.'S weekly review of trade, issued to-
day, says:
The tide of business is rising. even
as it was falling just two years ago.
with surprising rapidity. The gain
has gone SO far and so fast in some
fear it may not be maintained. But
the period of dullness which
comes in each market after an
| unusual rise brings as yet nothing
| like a corresponding decline. Indus
tries gain much, halt, fall back lit
tie, and then gain once more. The de-
| mand for consumption steadily in
| creases as the employment and wages
| of the people increase. Demand for
| money expands, one bank reporting 90
per cent. larger discounts for the coun-
try, and another % per cent. more
| commercial loans than a year ago, and
| all but two report some gain.
One serious question remains,
| whether the crops will be full enough
to sustain a large business. But the
| worst reports to-day are better by far
than the estimates recently current.
Wheat rose 9 cents, fell back with
| realizing, and has again risen 3, with
| a western estimate of a crop 80, 00O, 900
bushels smaller than last year. It is
| r,orfinanf ~ hoy fhof off.
cial and most of the unofficial
last fall, put the yield about
| so, 100000 bushels lower than
it is now known to have been. West
ern receipts were 264. 200 more than
last year and for five weeks have been
1911, OBJ bushels, against 6,991, $50 last
year. while Atlantic exports, -four in
cluded, go, 600 bushels smaller for the
| week, have been in five weeks 1885,
72S bushels, against 1915, 47S last
year. There is neither holding back
by farmers, nor anxious haste in the
purchasing by foreigners, to support
belief in scarcity.
Cotton declined an eighth, with bet
ter weather at the south, but excite
ment and prices rose again with the
report of 11.6 per cent. decrease in acre
age. Much greater decrease has been
called certain: but condition Is re-
ported less favorable than last year.
With tenth smaller yield per acre,
an acreage i1.6 per cent. less than last
year, the yield would still exceed
1900, 600 bales, which, with heavy
stocks carried over. would forbid the
idea of famine. But late crop is the
more exposed to injury. June began
with 9, $50, 1913 bales already in sight,
and 5000. $50 American remaining in
commercial stocks, while European
spinners held May 1 over 1.O00, 900
bales, according to Ellison.
Cotton mills are doing well with
very satisfactory orders already for
prominent lines, and the market is
strong with occasional further adj
vances.
Iron pushes upward like the great
buildings into which SO much of it
goes, and the advance in finished prod
ucts has become general OF struc-
tural steel, IL, 600 tons were turned out
in May by the Homestead works.
breaking the record, and prices rose
1.o
angles.
Tin is weaker with a rise in the
worlds visible supply to 25.671 tons
about five months consumption; but
copper is stronger at 10z cents for
lake, and lead higher at 3.3 cents.
Shipments of boots and shoes Are
still larger than in any previous year.
aud in most grades recent advances
are paid in large orders, but there is
some slackening In boots and women's
grain and buff shoes. Hides are higher
at 90 cents for western, and tanners
hesitate; but leather is stiff. In ex-
change the gain over last year is 81
per cent. though the decrease, COM
pared with 1s92-the latest year of full
business after Mays 81.
Railroad earnings for May are IA
per cent. larger than last year, bet
ter gain than in any previous month,
but the decrease from 1893 is 1879 per
cent, and on substantially the same
roads was 1875 for April, 1919 for
March and 1873 for January. Curl
ously uniform decrease. Activity in
stocks cap ~ot be expected with crops
in doubt and the average of prices
closed 81 cents per share lower for
railroad, and 4 per cent, for trust
Stocks of the great grain-carryinR
roads have not changed so cents per
share in the average for four weeks,
notwithstanding reports of serious In
jury.
The flow of money hither from the
interior has not ceased, but has much
lessened, and banks report general in
crease in discounts for the south, and
in commercial loans here, mainly IN
manufacturing paper. Foreign ex-
change is higher. exports showing II
per cent. decrease for five weeks, while
imports show IA per cent. increase.
London has sold about 25, 600 shares of
stock more than it has bought for the
week, but still bids largely for bonds.
Failures in four weeks of May show
liabilities of 50. 329, ISL. of which 3d.
4O1, S75 were of manufacturing and S5,-
345, 2O6 of trading concerns. Last year
the total was S9,7s7, 921, of which 81
o6I 500 was of manufacturing and ST.
2s1, $50 of trading concerns.
Failures for the week have been 1875
in the United States, against 216 last
year; and 25 in Canada, against 40 last
year.
REINFORCEMENT FOR CUBA
Said to Have Left Key West. Fla. on the
Schooner Mary Jane.
flo Tn,