Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-02-27
DuN.s TRADE REVIEW.

The Restoration of the Treasury Reserve
and the Rise In Bonds Strengthens Pub
lie Confidence Without Any Apparent
Disposition to Expand Business-Prtces
of Commodities Whole at the Low
es; Average Ever Known.
New YORK, Feb. 22.-Dun & Co. in
their weekly review of trade this
morning say:
Liabilities in failures during the
first two weeks of February were
81, $50, 1913, against $3.50, $50 last year.
Manufacturing liabilities were So, 1884,
9s6. against 81, 59a, $40 last year, while
trading were S3,s42, 053, against So, 353,-
O19 last year. Failures for the week
have been $50 in the United States
against 3O2 last year, and &c in Canada
against SO last year.
The restoration of the treasury re-
serve has been effected with remark
ably little monetary disturbance. The
rapid rise in the price of bonds
strengthens public confidence. Prompt
action in the house on the silver bill
has helped to increase foreign conf
dence in American securities. In no
complete branch of business is there
yet apparent much disposition to ex-
pand. Prices of commodities as
whole are now at the lowest average
ever known, though only one-half Of
one per cent. below the average of
September 3, 1895.
Hides, leather and their products,
textile goods and iron products have
declined much since that date, and
meats are also lower.
Receipts of wheat continue heavy and
depress prices, February delivery to
72s4, although what is nominally called
a cash price is ~ cents higher. Corn
is one cent lower for cash, western re-
ceipts having been large Cotton
again declined quarter cent, with large
realizing, reported sales aggregating
a million bales for the week. Specula-
tive estimates are persistently re-
peated, but receipts do not favor them,
nor is actuaal consumption encourag-
ing as declining prices Of goods show.
In almost all manufactured products
decline continues, though in some
classes quotations are SO irregular that
the change cannot be accurately meas
ured. Bessemer pig iron and grey
forged are shade lower at Pittsburgh,
and structural beams and products are
comparatively small, and some fur
naces in that region have been banked.
Textile manufacturers fail as yet to
meet the demand expected and prices
are generally weak, open reductions
averaging two per cent. for cotton
goods, and since January 1, about
nine per cent. Dress goods and blank
cts are in fair demand, but mems wool
ems are inactive. and actual trapsac-
tions are in many cases five to ten
cents below open quotations. Sales of
wool for the week We're 80 per cent.
smaller than last year. Prices do not
decline, as the foreign market remains
strong.
The volume of domestic trade re-
fected by clearings is 1877 per cent.
larger than last year. Railroad earn
ings in February thus far are 1876 per
cent. larger than last year. Stocks
weakened until Thursday, but then
advanced and closed about eighteen
cents per share higher for railroads.
Exports of products in two weeks of
February have been seven per cent.
larger than last year, with prospects
of increase in grain, though cotton
bills are growing fewer. The imports
no longer show the increase formerly
observed, but for two weeks have been
1873 per cent. larger than last year.