Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-01-21
nun.s TRADE REVIEW.
A. Repetition of the Happy Experience of
1879 Foreshadowcd by Present COndi-

A. Repetition of the Happy Experiences of
1870 Foreshadowcd by Present COndi-
lions.
NEW York, Jan. 1e.-R- G. Dun &
Co. saw in their weekly review of trade
this morning:
The greatest growth and prosperity the coun-
try has ever seen came suddenly 1879, after
several months Of disappointment because
specie resumption had not yet brought the
benefits expected. 1t takes time for new con-
ddence to reach through easier money markets,
large orders, resumIng mills, expanding en-
pJoyment and larger distribution, to the re-
suits which make still greater and last
ing gain possible Such gradual and steady
Improvement has been in progress for more
than two months The output OF pig iron has
gained 41-6 per cent since OCTOBER l. Inc QUIZ
put of coke has increased SS7 per cent since
october 1. Sales of wool have again become
large. Money markets feel steady increase
in demand for commercial and manufacturing
loans Additional works have gone into oper-
arion each week in January, ana the working
force is larger than at any time for six months
The gain may be ascribed to the deliberate
Judgment Of the aoIest and most prudent men
tr business
1t is not time for high prices. Many who
are anxious to get early hold on the market
are making for the moment lower prices than
they could afford to maintain. With the III
crease in output OF pig iron 10 1o9,F2o tons
weekly, against 49, 78 last month, the price is
q shade lower at the east anu OuICdSO. Oub
heavy purchases already advance Besse,uer
shade At Pittsburgh. Steel bars have l. :ca re-
duced to one cent and some other finished
products dollar per ton, but the demand Is
on the whole steadily growing The cO1e out
put has risen from $1,000 to s4,342 tons weekly,
and minor metals are shade stronger
Textile manufactures are not encourage by
the demand for goods. though more print cloths
were sold than for many weeEs Lower prices
are expected in goods. and slow buying Is not
I,au all & mar o7f
from September IL; print cloths per cent,
bleached goods 80 to 81, and brown goods "a,
and per cent. Though wooden goods do not
improve there have been purchases by large
mills which cover for two weeks of January
IL ITO 800 pounds at the three chief markets,
against 1877 600 last year. Some large pur-
chases OF leather indicate that some shoe man
ufacturers are seeing their way to more active
work, and shipments from the east in January
thus far are 20 per cent larger than last year.
Hides at Chicago are pa per cent lower.
Clearinghouse exchanges for the month thus
far are less than one per cent below last
years. through still p per cent. smaller than
the year 1892, the year of greatest prosperity.
The railroad earnings and tonnage for jan
uary thus far are light, owing to western
storms, but December returns cover 33,5s6,el2
on roads in the United States alone, only 2.3
per cent. less than last year. The PennsylVa-
MIA and some other roads have commenced to
buy rails and several costly improvements
have been ordered. the Columbia bridge alone
calling for 1000 tons OF steel and terminal
improvement for the Erie will cost 100000.
The wheat market has varied but slightly.
closing quarter Of a cent lower. Western
receipts for the week, I5O5, 032 bushels, against
2,9l6274 last year, are checked by storms and
by current prices in view OF farmers expecta-
tionS.
Atlantic exports were ,4O8 bushels, flour
included and for two weeks 3,4S4,317, against
4,4s3 100 last year. Traders begin to realize
that enormous exports Of corn taking the
place OF wheat in foreign consumption.
Cotton took rise of eighth on traders
estimate without change in conditions.
The money market has been disturbed by
a combination of large bankers not to lend on
call below two per cent. which invited all
sorts OF financial institutions to take the mar
ket, caused payment of bank loans for some
millions and left supplies Of funds SO heavy
that time loans were sharply marked down.
More wa done in commercial paper, though
offerings increased but moderately.
Receipts from the interior exceeded ship
ments by SI500,0O0 Exports continue to ex-
coed last years, for the week per cent, while
imports fell 10 per cent. below last years.
Failures for the week have been 455 in the
United States, against 395 last year, and al in
Canada, against 81 last year.