Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-12-02
nuN.s COMMERCIAL REvEr.


Abroad-Cotton Reaches the Lowest
Prices In Kears-No DeeeAse IN Produc-
tlon or Consumption of IrOn-The
Wooden Market, Etc. Etc.
NEW YORK, Nov. 27.-R G. Dun &
Co. Is weekly review of trade says in its
issue of to-day:
The heavy exports of wheat with
the renewed advance in price is the
most interesting and important feature
of the weeks events. Since August,
when the extent of the foreign def
cheney became realized, exports have
been larger than in corresponding
weeks of any previous year. The cot
ton exports also have become very
heavy and the outgo of corn falls but
little below last years unpre-
cedented record, while in ex-
ports of manufacturing prod
ucts, especially machinery, all records
for the season have been surpassed.
While the aggregate for November last
year was over SlO9 600. 900, shipments
from New York for three weeks have
been but slightly smaller, with a fair
prospect that the known increase in
cotton and other products from other
ports may make up the deficiency.
Meanwhile imports are running be-
hind last years at New York. nearly
81, 900, 900 this month so that another
excess of exports over imports, amount
ing to about $50, 900, 900 for the month,
is probable, and this would make an
excess of about 1925, 900, 600 in four
months.
After the slight decline last Satur-
day, wheat rose to S1.O014 for Novem-
Der, with No. 2 red and other grades
selling many cents higher. Yet west
ern receipts are of enormous magni-
tude, in four weeks 81, or, 1O4 bushels,
against 914 1888 in the same four weeks
last year; while Atlantic exports, -four
included, were for the week 1898, 446
bushels, and for four weeks Is, 439, $50,
against 1881, 6S5 last year. The ship
ments from other ports have also been
heavy and nothing appears to change
former estimates of European needs.
Corn also continues to 60 abroad in
quantities almost as large as last year,
when all past records were broken,
but the price has slightly declined.
Cotton declined to 5.s1 cents, the
lowest point for many years, with
scarcely any indication Of speculative
effort More has come into sight this
month than during the same time in
1894, from the largest crop ever raised,
while takings by northern and south
ern spinners have been smaller, and
print cloths and some other staple
goods are at the lowest quotations
ever known. In such conditions
weakness is natural, though at the ex-
treme estimates of yield are not by
some entirely credited. The demand
for goods is much larger than the re-
mOval of embargoes, and recen t reduc-
tions in prices have caused larger
transactions by dealers, but stocks
held by the mills are still heavy.
The iron industry shows no decrease
in production or consumption, but
with much reduced orders for prod
ucts, excess of production is expected,
and Bessemer falls shade to $40. Is
and gray forge to 1925 at Pittsburgh,
though Chicago and eastern, markets
show no change. Billets are also
weaker at Pittsburgh, at SIS.
Expectation of lower prices
tend to produce them at a
time when new business is naturally
small, and the mills are working
mostly on old orders.
In bars, agricultural and railway
manufacturing causes a heavy demand
at Chicago, iron being preferred to
steel, and thin sheets are also in better
demand, but the bars are a shade
lower at Pittsburgh, as are both wire
and cut nails.
Some large orders for rails by eastern
railways are reported.
The wooden manufacturers are still
consuming heavily in execution of past
orders, and many agents are sold so
far ahead that they seek no further
business, while others are beginning
to question whether the demand for
the next season will suffice if prices
are made to correspond with present
quotations of wool. Some reduction
in prices of wool appears, possibly
averaging half cent, with sales of
Australian amounting to 2,7OO,0 900
pounds in few large blocks in Bos-
ton, but the tone is strong.
No change has occurred in cotton
aud the markets for its
products is still irregular.
Failures throughout the United
States for the week have been 236
arofpSt 9OO IoSt rear and % in Canada