Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-10-08
DuN.s COMMERCIAL REVIEW.


Completes Report OF Failures for the GUAR
tsr Exhibiting \ surprtslng Increase.
Partly Accounted for by Political Causes
Continued Advance in Notwithstanding
Confidence cit In tho stock Market
Tetter Times Near.
NEW York, Oct. ar. G. Dun & Co.
say to-day in their weekly review of
trade:
The complete report Of failures for
the quarter which ended Wednesday
shows an increase which would be sur
prising il political causes were not
obvious. In number 6x per cent less
than in the panic quarter of 1893, fail
ures for the quarter show liabilities
Ill per cent less. amounting to S73.-
2s5, 349, against scr. SOS, 6s2 in the pre-
vions half year.
The continued advance in wheat
may prove of the utmost Importance.
1t has been !. I2 cents for the week and
ten cents since September ., and is
mainly due to short crops abroad and
unusual foreign demand. Cotton has
weakened after its sudden rise, be-
cause the demand for goods has re-
lapsed into hand-to-mouth buying.
and print cloths are lower at ass
recent storms, but the market seems
not now in the humor to magnify
them.
RevivinR confidence is felt in the
stock market, which has slowly risen
an average of 70. cents per share
for railways, though trusts are weaker.
While east-bound tonnage is large,
from Chicago, in September, 249, los,
against PAL, 154 last year, the westward
movement of merchandise is small
and rates are cut, so that earnings re.
ported for September fall so per cent
below last years, and 81 per cent. be.
low those of 1892.
There are unmistakable encourag-
ing signs in the great industries,
although the actual gain in working
force employed or in new orders re-
ceived is slight. But the strong de-
mand for materials. for pig iron, hides
and wool, does not diminish, and has
already gone far to stiffen prices.
In wool quotations are scarcely
stronger, but represent actual sales
more nearly than in past weeks, when
buyers with cash almost made their
own prices.
Buying of Bessemer pig again lifts
Pittsburgh quotations to Sits with
out any general gain in the demand
for finished products, and steel bars
for the first time are sold at one cent,
against LIZ asked by the associa-
ton for iron bars. Plates and rails
are in less demand, but there ia heavy
buying of sheets at the west. Conf
dence that reviving business must
bring a greater demand than all the
works can meet induces the various
associations to make no change in
their prices. The minor metals are
not strong, lake copper at 1O1f, tin at
$I2 80, and lead about 20
The movement westward of money
continues, and for the quarter has ex-
ceeded interior receipts by $31 600. 900.
The gold ordered for importation
amounts to $43, ESQ, O0n. and arrivals
thus far to S40,544, $50, besides s., O00,.
600 expected from Australia, which |
will raise the treasury reserve to about
$40, 900, 900. Relief has been welcome
in commercial markets, where seven |
per cent. is done more freely on west |
paper than eight per cent recently, |
but October settlements cause momen- |
tary hardening.
Merchants and manufacturers are
waiting, but there are not wanting |
signs that many have the confidence |
to invest and push forward as though |
the dawn of prosperity were close at
hand