Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-02-06
DuN's COMMERCIAL REVIEW.

SSN S0M IN EhCtA6 H6VlEW
Heavy Failures for the First Three Week.
OF January-S0me Signs Of improvement
Seen In the General Outlook, Though
business 10 Stin Woiting-Reviewo of Pro.
ouce, Manufactures and Stocks Not Alto
gether Unsatisfactory.
NEW YORK, Feb. 1.-R. G. DUN s. Co.
say to-day in their weekly review OF
trade:
Failures in three weeks of January
show liabilities of SIT, 1896, 511, against
v10, 6s5, O60 last year; in manufacture
ing, Sc, ,12e this year, against ss,-
479,193 last year; in trading $40, 317,-
300, against So, les, 1857 las. year. Fail
ures this week have been 4O4 in the
United States, against 354 last year.
and 80 in Canada, against "a last year.
Though business Is still waiting,
there are some signs of definite Inn
provement. It is now believed that
the first payment for bonds will cause
no further pressure, and the money
markets are easier as respects loans on
collateral, though the difficulty of
making commercial loans still checks
operations. But large maturities at
the end Of January have been met
more satisfactorily than was expected,
and merchants and bankers report
that the signs promise a good spring
trade.
No increase appears as yet in the
demand for the principal products, un-
less for some forms of iron and steel.
in which good contracts have been
made this week
Signs off improvement in the iron
and steel business are gratifying even
though they spring from combinations
which have raised the price of coke
and allotted the output of lake iron
ore. A contract for 20, 900 tons of rails.
Pacific delivery, taken by an eastern
concern in competition with foreign
markets, and a contract for 5000 tons
plates for the East Jersey water
works; contracts for 1900 tons cast
pipe at s13.2O, taken by Alabama
works, with contracts for the CONNER
cial cable and other buildings here
cove ing $500 tons, are the main fea-
lures, but there is also a better de-
mand fos wire nails after long stag
nation, and also for sheets.
Pig iron Is rather weaker, southern
works competing sharply, while spec.
ulative buyers of some months ago are
selling below present furnace prices,
but the average for all products is
practically unchanged, and lila per
cent. below the highest last year.
Coke production has again been cut.
down 1O.975 tons in single week.
Anthracite producers and carriers
have at last made new assignment,
dividing the spoils for the year, which,
it is supposed, will be more nearly OBJ
served than others which have preced-
ed. Minor metals are strengthened a
shade by speculation.
The demand for boots and shoes does
not enlarge, though prices still decline
about six per cent. for the week
and hides and leather are both lower.
The committee on mills are discuss
ing curtailment of production, as
goods continue weak with an output
largely exceeding distribution, though
the week has brought considerable
more inquiries, and larger spring
trade is still hoped for. Woolens are
practically unchanged. Sales of wool
at the three chief markets have di-
of late, manufacturers buy
ing only for present needs.
Wheat has again advanced about
three cents for case, but only II for
May, although Atlantic exports are
little larger than year ago. Neither
this fact nor the continued excess of
western receipts explain an andyance
for which the basis or the excuse must
be sought in foreign reports. Corn
has ceased to ''sympathize" and rec
ords little advance.
Cotton is a shade lower than a week |
ago, notwithstanding strong argu-
ments by Neill and others, but re-
ceipts from planters go on at nearly |
the same rate, spinners taking fall |
behind last year as before. and the |
of goods does not support !
the brilliant estimates of increased |
this year. Exports in |
January have been so per cent. less, |
spinners taking 81 per cent. less, and |
receipts from plantations 80 per cent. |
less than last year: and receipts have |
been larger, but spinners' takings and |
exports both smaller than in 1929 |
from crop of 6. 200. 600 bales
The earnings of railroads in three |
weeks of January were 80 per cent. |
larger than last year. The stock |
market has been lifted by these re- |
turns and hopeful monetary condi- |
tons, so that the average for railroad /
stocks is S1.s4 per share, and for trust |
"a per share higher than week !
ago. The expectation of an anthra-
cite settlement has been a powerful /
factor, and it is generally supposed |
that prices will rise after the bonds