Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-09-17
ouN.s COMMERCIAL REVIEW

Ee4ter ProsDects and Relief from None
sary Anxiety Fall to Bring increase IN
Trade-A growing Belief that General
Upward Movement In Prices Will AZ
tend the Replenishment of DeseierS
Stocks this fall.
New YoRK. Sept 12-R G. Dun g.
Co, in their weekly review of trade.
to-day, say:
Better prospects and relief from
monetary anxiety do not yet bring
larger demands for finished products,
though large buying of pig iron, WOOL.
leather, hides, cotton and other mate
rails con tinue to show growing be-
lief that general upward movement
| in prices will come with the replen-
ishment of dealers stocks this fall.
Most prices are extremely low, so that
nothing more than an ordinary de-
mand would advance them. But bank
failures at New Orleans cause tempo
rary hesitation; crop returns Indicate
disappointment in some cotton.
and some spring wheat states; prices
of corn and oats make it unprofitabl bic
to sell at present; the number of man
ufacturing works and mines in opera
ton does not gain, but rather de-
creases; reductions of wages are some
what numerous, occasionally resisted
by strikes, and all these conditions di--
minish for time the buying power of
the people While many think gem
eral improvement canuot come until
the election has removed political un--
certainties, others expect soon to Sec
the result anticipated in trade.
The weekly output of pig iron de-
creased 26, SIS tons in August to $780,
500 tons, against 217, 800 in November
a shrinkage of 40 per cent. Other
works still have stopped since Septem-
Der began. Unsold stocks increa sed
90, O6s tons in August, e xclusive OF
those accommodating in the hands of
great steel companies.
Sales of wool for the week have
about equaled the normal consumption
for the first time in several months,
not because manufacturers have more
work, for no gain is seen in the sline.
of output. The buying is mainly
speculative, based on the belief that.
prices must advance.
No considerable decrease appears in
the enormous stock of print cloths.
although the output has been reduced.
about half for two months, and n fifth
of the years production remains in.
the hands of makers, but they have
advanced the price three-sixteenths
during the week.
For ether goods there is better de-
mand, and manufacturers have adj
vanced prices because of the rising cost
of material, the average for all cot
tons having risen SD per cent. since
A ugust 6, but stocks of many kinds.
are large.
The Financial Chronicles annual.
report, issued yesterday, makes the
last crop of cotton z, 162, 473 bales, the
consumption north and south 2, $685.
$40, and the exports 4,712, 919 during
the year. No account of southern.
mill stocks is attempted, and no esti-
mated is yet given of the crop now
coming forward. Accounts of disap-,
pointing returns in spring wheat
states are numerous, but it is difficult
to reconcile short estimates with the
heavy marketing at low prices. Corn
is almost wholly out of danger, and
the yield is generally expected to be
the largest, as the price here is the
lowest ever known.
Stocks grew steadily stronger till
Thursday, although railroad earnings.
are not stimulating.
The tide of gold imports still runs
strongly this way, further engage.
ments lifting the aggregate to $751;
620, 600, of which $23, 49, $50 have ar
rived. The prospect led the Bank o f.
England to raise its discount rates
from to FL per cent, and some SELL
ing on foreign account followed in
stocks.
The New Orleans bank failures were.
followed by unusual offerings of cot
ton bills and the interior demand 70 r
money also increased, the net outgos
being So, $4,000.
Liabilities in commercial failures for
the first week of September were So
095, $50, against $2,157,75l last year,
81, 53s. $50 in 1894 and IS, $40, 09s in 1892
The failures for the week have BEEN
ais in the United States against 1877
last year and AZ in Canada, against az
last year.