Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-12-16
DuN's COMMERCIAL REVIEW

The Opening of Congress DID Not Disturb
ACKNOWLEDGEMENTS Markets Stronger
with Definite Improvement In All Pro-
duetive Industries In the Usually Dull.
est Season of the Year rs to New Or
ders-FaiIures.
NEW YORK, Dec. 11.-R. G. Dun s.
Co.'S weekly review of trade says in its
issue of to-day:
The opening of congress, with the
annual message and reports, has not
disturbed business, as some predicted,
put ali speculative markets are stronger
than week ago. The productive in
dustries, even in the season usually
about the dullest of the year as to new
orders, met definite improvement in
demand for important products, pre-
sumably the fruit of a prevailing con-
vlctlon that new business will begin to
crowd the works after the new year
starts.
The outward movement of wheat
and other products continues so heavy
that foreign exchange has fallen three
quarters of a cent. and instead of ex-
ports of gold, which have marked De-
cember in recent years. imports would
come If gold were wanted.
Securities are advancing with rea-
son in the increased earnings of rail-
ways, $47, 0S5, sol for November on re-
porting roads in the United States,
1913 per cent. larger than last year and
SO larger than in 1892. A striking
comparison for five years shows that
in each of the last three months earn
lngs have been greater than in any
previous year, with a larger increase
in November than in October or Sep.
TENDER.
The sudden rise in December wheat
at Chicago to S1.09 would do harm
were it not based on avowed contracts
to ship some millions of bushels to
Europe. That fact and the continued
foreign demand in spite of such con-
tracts, has helped rise of Ia cents
here. Western receipts for the week
We're sos, I'll bushels against,3, 691, 374
last year; and Atlantic exports, includ-
ing flour, 4,612. 1877, against 2,975, 651
last year, and so great is the
foreign shortage Ethat the outgo
of corn last year, far greater
than ever before. is again exceeded
$685. S6 for the week, against 8, 055, 7SG
year ago. with the price nearly one
cent higher for the week. The reports
that the western supplies are running
low are discredited by receipts from
farms.
Cotton is sixteenth stronger, in
spite of estimates running from TO-.
100000 to IL, 900, 900 bales by we'll
known authorities. A strike in En-
glish mills is no longer threatened,
and the possibility of one at Fall. River
has little weight.
The demand for wooden goods has
clearly improved and more wool has
just been purchased abroad aud is be-
ing imported, the sales in domestic
markets having been for the past week
only 2, 660, 900 pounds at Boston, and in
two weeks, 1859, 400 pounds at the
three markets.
There is more demand for iron and
steel products in preparation for rail-
way work, bridges and buildings next
year and on contracts for export,
including one for a government
bridge in Holland, others for bridges in
japan, with large shipments of various
products to England and other coun-
tries. Foreign contracts for 10000
tons of rails are pending. In and
about New York bridge and building
contracts call for %, 600 tons, and Chi
cago works are figuring on numerous
contracts for 5000 railway cars. The
formation of the American Steel and
Wire Co. is expected to strengthen
prices and causes some buying.
A sale of lake copper, said to be TO-
100000 pounds, at II cents, so
strengthens the demand that 1887 is
bid; but tin and lead are dull and
spelter a shade lower, while future
contracts for tin plates have been
made at $500 per hundred pounds.
Connellsville coke production is 49,
100 tons weekly against 149, 900 in
November, and no advance is now ex-
pected above $3.50 for furnace coke
early next year.
Failures in the first week of Deem
Der were but 50, 617, 24O-manufactur-
ing $739, 400, and trading 81, 1915
Failures throughout the United
States for the week have been 312
against $50 last year and 30 in Canada
against 43 last year.