Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-01-23
|DUN's COMMERCIAL REVIEW.

|Comparative Statement Of Early January
FailurestThe Situation q Perplexfng.
One, with NO Basis Upon Which to Fore
cast the Immediate Future, Yet Bust-
ness and Prices are Encouragely Well
Sustained.
New YORK, Jan. 1S.-R. G. DUN & Co.
say to-day:
Failures for nine days of January
have shown liabilities of SIS, Sos, 900;
against 81, 522, 531 last year in ten da Us
and S., O41 ,e25 in eleven days of 1894.
Failures for the past week have been
much larger in magnitude, numbering
395 in the United States, against 373
last year, and 81 in Canada, against 60
last year.
The situation could hardly be more
perplexing for business men. Practi-
cal merchants, manufacturers or
bankers can have little sympathy for
those who minimize their difficulties.
None doubt that the government will
raise money to meet obligations, but
how far the money market will be dis
turbed or the treasury reserve first
diminished none can say. The bust
ness world can not know as yet how
far foreign questions mayupset calcu-
A0SioAAos o1IohSh IL C1CiS oCCh1o CSCA ASeb-
son to expect peaceful settlement. It
can not know what may be the duties
on any important class of imports a
month hence; whether imports are
likely to exceed exports, and draw
away gold; whether the deficit of rev.
enue will continue, OR what other tax
alton will be levied.
Failure of the senate thus far 30
take any action upon financial meas
rres proposed By the president or
those passed by tbs house affects IN
favorably all branches of business.
Under such adverse circumstances it is
actually encouraging that shrinkage
in transactions and resulting CONNER
cial disasters have not been greater.
But four large failures within a day
or two indicate that the same condi-
lions cannot continue without much
embarra ssment.
Domestic trade shown by clearing
house payments is SIS per cent. larger
than last year, but 27.S per cent. less
than in 1893. and in nearly all trades
there is much hesitation. Railroad
earnings for the first week of January
We're ST per cent. larger than in Janu
airy, 1895, but 1875 per cent. less than
in 1893. December shows a gain of 81
over 1895, and decrease of rs COM
pared with 1893.
Stocks steadily advanced until Fri
day. but the failures brought more
average S1.51 per share, railroads
closed S1.30 higher for the week. Spec
ulation in prSducts was not very active
and wheat was practically unchan yed,
though Atlantic exports for two weeks,
flour included, have been 4,4S5, I30
bushels, against 4.273,1a4 last year.
Western receipts still make
short crop predictions ridiculous,
amour ting for two weeks of January
to 5,43l, 900 bushels, against 2,a59, 900
last year.
Corn receipts were also liberal, and
exports about five times last years.
Cotton receipts still indicate a yield
neither as small as Mr.. Neill's re-
iterated estimate of 6,5O0,OOO bales,
| nor as large as the 100000 bales esti-
mated by others, but it is yet to be
seen whether supplies held for better
prices are of consequence. The
price declined an eighth, with ac-
counts of narrower demand by spin
ners abroad and declining prices.
Cotton goods are not quotably low
err, but concessions to secure business
are reported in many instances, and
many of the mills have been running
largely in anticipation of orders not
yet received.
There is a little better inquiry for
staples, with indications that dealers
of fine and fancy woolens has brought
no change in prices, and revisions
caused by recent openings of worsteds
have been generally toward lower
prices.