Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-12-10
DuN.s COMMERCIAL REVIEW.

A Gratifying Reduction In the Number oi
Failures for the Month OF November &c
About Forty Per Cent. or the Septem.
Der Aggregate Gives Ground for the
Confidence SO Generally Expressed.
New YORK, Dec 5.-R. g. Dun &
Co. say to-day in their weekly review
of trade:
The classified failures for November,
given to-day, show gratifying reduc-
tion compared with October, and are
especially important as showing that
the peculiar disturbance during the
| presidential campaign, which swelled
failures $50, 900, 00n in August and
September, did not prevent quick
return to monthly aggregate scarcely
| greater than that of May. Defaulted
liabilities in eleven months have been
S19S, 73S, $50. against SI4S, 544, zoe last
year, the increase being only S14. ooO,-
600 outside of those two months, has
| this remaining increase of only 10 per
| cent. was also IN part due to the alarm
during the campaign. The decline of
failures to about forty per cent. of the
September aggregate gives ground
for the confidence so generally ex-
pressed.
Ground for confidence is also found
in the abandonment of two of the
largest combinations by which the
iron industry has been retarded and
the possibility that two others will be
abandoned. Such state of things
within a month after the election sug-
gests that these organizations, formed
when depressed business failed to sup
port all the works in existence, are
- I'd - ~sr-e.so
vival and ample demand for products.
The immediate effect of breaking
prices is to check buying of iron and
steel products, but it will soon be
seen about where prices are to
range. At present the base price
for wire nails is S125, against
S1.55 two weeks ago, with greater re-
duction on small sizes because new
cards reduced extra" charges. Beams
are selling at 81. 35 against ST. 55 two
weeks ago. The bar combination is
still undersold by steel bars at IL
cents and nothing is doing i'll rails be-
cause the meeting shortly to be held
will settle whether any price shall be
fixed for the next year. Bessemer
pig at Pittsburgh is lower at S1l. 65
and gray forge at SO, but there is
large demand for vessel plates, both
on foreign contracts and the lakes.
Several thousand cars have been or
dered and numerous new buildings
and bridges.
Minor metals are a shade stronger.
The coke combination has changed it's
method SO that contracts are only
made below prices recently ruling,
ar sc ri f.f
-ers among the producing interests.
Anthracite sells below the official
circular, but better demand is ex-
pected with revival in manufacturing
Wool manufacturing is waiting, and
while more concerns are at work, the
new demand improves but little with
favorable weather. In the cotton
manufacture there is little change,
though goods are selling better, but,
with many added works, production
exceeds present demand.
The market for raw cotton is weak
With over 2.75n,000 bales in sight by
December 1, when the crop is usually
about half in sight, current estimates
would leave only 100000 more to
come forward in nine months, and the
largest consumption in mills does not
advance prices. Other produce mar
kets have been weaker.
Wheat rose to the close last week,
but gradually reacted and broke
sharply on Friday, closing 25s lower
for the week. The weeks business,
as shown by the clearinghouse re-
turns, was one per cent. over last
year and the month of November three
per cent, and IL per cent. less than
1892. the comparison being the best
for the past five months.
Failures for the week have been $40 |
in the United States, against 324 last
year, and in Canada SIS, against 50 last
wear.