Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-04-02
Dun.s COMMERCIAL REVIEW.

80 Change In the General Conditions of
business Noted-Failures Of NIagnitude
reported swell the Aggregate of Lia-
biIities BEYOND Those of Last Year.
Wheat Gains Point but Corn and Get.
ton Remain Unchanged.
NEW YORK, March 2s.-R. G.. DUN s.
Co., in their weekly review of trade
to-day, say:
The returns of failures are some
what disappointing. Several of mag
nitude were mentioned week ago,
and they have swelled the aggregate
of defaulted liabilities for three weeks
of March to Sl2, $50, 614, against Sill
271, 121 last year. A heavy failure in
Texas will also swell the aggregate of
returns for the past week, which in
cludes 259 in the United States, against
234 last year; and 80 in Canada, against
AZ last year.
No important change has occurred
in the general condition of business
during the week, and if trade in some re-
spects locks worse, in other respects it
seems better. Some failures of magni-
tude have occurred, which have caused
much apprehension and unwillingness
to lend among bankers, and there have
been somewhat less favorable features
in the dry goods market; but
in iron and steel, conditions are
slightly improved, and In boots and
shoes considerably more hopeful. For.
eign trade is little more satisfactory,
exports from New York for three
weeks showing an increase over last
year of six per cent, while imports
have shown nearly the same rate of
decrease. In general the course of
domestic prices tends to favor the
marketing of staples abroad.
Wheat has gained about point, but
corn and cotton remain unchanged.
Cotton had lively rise with the COW
ering of short sellers, but began to
decline again a week ago and has been
tagging ever since. The receipts from
plantations continue quite as large as
in the same weeks of the last short
crop year; and stocks in sight, with
the quantities known to be held by
European and American mills, make
up an ample supply for the rest of the
crop year.
In the dry goods market the last in
dications do not warrant expectations
that the mills will continue full pro-
duction throughout the season. The
demand for woolens and dress goods
is the best feature of the wooden mar
kets. The sales of wool have fallen to
less than half an ordinary weeks full
consumption, amounting last week to
only 2,926, $50 pounds at the chief mar
llets. A striking feature this week
has been sale of 100000 pounds OF
American wool for shipment to En-
81 nd.
The iron and steel markets have dis
closed similar feature. for a little
Alabama pig was sold for export.
though few imagine that much bust
ness of that sort is possible.
The combination of lake ore pro-
ducers has at last announced its prices
for the coming se-son-four dollars
foe first-class Bessemer, 50. 40 to S5.75
for Messaba and So for nom Bessemer
ores-and it is calculated that with
coke at 50 per ton Bessemer pig can be
produced at about S12.25 per ton at
Pittsburgh, which is now the current
price there.
But the slow marketing of finished
products is still the main trouble.
There has been little more activity
this week, and the Carnegie works
have sold 10000 steel rails to Japan,
thus scoring a noteworthy success. but
in the main, the market is about as in
active and insufficient as it has been.
There has been no trading worth the
name in railroad stocks during the
past week, and scarcely any in the in
dustrials, SO that fluctuations in prices
are scarcely worth noting.
The earnings of the railroads have
been rather less promising than in
previous months.
TWELVE THOUSAND ACRES