Iron County register., 1896-10-15
ouN.s coMMEaclAL REVIEW.
Distinctiy BETTER Conditions Reelected In
Somewhat Larger Employment OF La.

E&&0&EE8M
Dor.
NEW YoRK, Oct 1o-R G. Dun &
Co.. in their weekly review of trade,
says:
Distinctly better conditions have APP
peared of late and are reflected in
somewhat larger employment of labor.
IN large transactions and In continued
buying of materials for manufacture.
a great part OF the change is due to
those resistless laws of supply and de-
mand, which take wheat where it is
wanted and gold where it is wanted.
India Is waiting for cargoes of wheat
on the way from Pacific states,
just as Australia and South Africa
We're not long ago The surplus
usually available from India
disappears and the surplus from Rus
sla and European countries is re-
duced, according to late estimates, 75,-
O00,0 900 bushels. Happily this country
has supply which official accounts
have not correctly measured, if actual
movements do not greatly mislead.
western receipts for the week were
q, ,243, ,969 bushels, against 1851, a74 last
year, and this follows an increase of
Il, 100000 bushels in receipts during
the quarter ending September 80. At
lantic exports, 2,069,o OF bushels, flour
included, for the week, against
1,707.629 last year, and not
yet SO large as to force prices up
ward if European buying, based on
European needs, did not control our
markets. A feature of large import
ance, too, is the unusually heavy for
eign demand for corn, which is a rarely
failing sign of defcientcrops abroad.
where other grains are used instead of
wheat when the latter becomes scarce
and dear.
Iron furnaces in blast October l had
q capacity of 112,7e tons weekly,
against 129, 500 September l and 217,-
300 November I last year, while un-
sold stocks decreased 35, ,S52 tons; but
If those of steel-making concerns were
included, it would probably show an
increase. Buying of materials con-
tinues, but Bessemer is a shade weak
er, S11. 40 at Pittsburgh. The demand
for products is so light, and so much
business is held back pending the cleo
tion, that decreasing output is not an
sign. Minor metals change
little.
The upward rush of hides has
advanced prices at Chicago per cent.
for the week to the highest average
since last November. Prices of leather
have risen "a per cent, with small
dealings. Shoes are selling very lit
tie, as consumers refuse to pay higher
prices, and dealers remember buying
at high and selling at low prices last
winter. Orders for next season gre
few, and many concerns may close for
time.
Textile manufactures are gaining a |
little and the buying of wool by large |
mills covers 1867, $40 pounds for the
week, against 11,249. 200 last year.
Prices advanced about one per cent. in
and have since advanced |
more, though few of the mills have
orderssfor a long time ahead Buying
Of cotton has been checked by heavy |
receipts from plantations, 1,222, 287
bales having come into sight in Sep
tember, against 545, 3g4 last year. The
price has dropped seven-sixteenths for
the week and few now have confidence
IN crop of only 1000, 900 bales.
More gold has been ordered from
Europe, SO that 81, ,000. 900 is en- route.
Speculation in stocks has yielded a
little, about 1.13 for railroads and 5a
cents for trusts. The outward move
nent of money to the interior has
been 81, 900, 600 for the week, and little
S doing in commercial loans, with
rates about one-half per cent. higher
han a week ago.
Failures for the week were 296 in the
United States, against 26s last year,
md 46 in Canada against 50 lass year.