Iron County register., 1897-09-16
DUNs COMMERCIAL REVIEW.

pUNs COMMERCIAL REVIEW.
There is Ne Hating In the Advance move
ment-Large Numbers OF Men Finding
Work and Prices Generally Improving
wheat Advancing, With = Steady For
eixn Demand-Exports Limited 0nIy by
the Capacity OF Shipping.
New YoRK, Sept. 11.-R. G. Dun 4
Co.'S weekly review of trade says:
There is no halting in the advance.
Business grows better in all ways, for
while its speculative end breaks CON
spicuous gamblers for a decline, &
| steady increase in production, in work
ing force and in the power of the peo-
pie to purchase is the feature which
overshadows all others. Reports OF
New York trade unions show an in
crease since one year ago of 81 per cent.
in the number of men at work, and q
similar increase among men in like
position throughout the country would
exceed $40. 900, while every week adds
many establishments to the active lat
The coal miners strike has disclosed
such facts and brought to light such
differences that work viii probably be
very soon resumed by q large share oi
the men.
The farmers are helped by higher
prices for wheat. and while western
receipts do not show that they have
marketed a tenth of their crops, as.
surance of handsome profit to come
prepares them to buy literally hereaf.
ter. Because of this and the increase
of hands at work, dealers throughout
the country have started to replenish
stocks, which is the great force AT
present operating in manufactures and
trade. though distribution by retail
trade has greatly increased.
A gain of IL per cent in one month in
the output of pig iron, from 165, 37a tons
August to 1S5, ,507 September 1, with
knowledge that half dozen other fur
naces are preparing to resume and
that unsold stocks have been reduced
Il, 400 tons weekly In August, indi-
eating a consumption of about 100, ,00(
tons more, explains the moderate ad.
vance in prices of finished products.
Pig is shade stronger at Chicago,
but the proof that the advance is
healthy is found in the growing de-
mands of consumers, especially for
bars, with inquiries for 500, 900 tons re
ported at Chicago, for structural work.
including $4,000 tons for Santa Fe
bridges; for all sorts of car material,
including 10000 axles, and for plates,
especially for shipyards on the lakes.
SO that most prices have advanced 81
per ton.
Copper is steady and lead shade
stronger at 4.15 cents and the produc-
ton of coke has reached 124, 600 tons
with 12,7I7 ovens in operation.
Wheat has risen five cents the past
week, not in a furry, but in answer to
the daily increasing foreign demand,
though reports of the crops, now al
most wholly out of danger, indicate q
yield never surpassed but once. For
eign accounts still strengthen the be-
lief that the deficiency abroad will be
about 100, 600. 600 bushels more than
usual, and meanwhile reports indicate
that less corn than was expected will
be available for export and its price
has risen about fve-eighths of cent.
While wheat receipts at Chicago
have been breaking records, receipts al
all the western points are for the week
a little below last years, but Atlantic
exports, 9,77s. 1873 bushels, flour in
cluded. against 4.270, 75S last year for
two weeks, with 8, ,579, III bushels corn
against 3,570,7 ,704 last year, indicate a
foreign demand apparently limited at
present only by ship room.
Since the small corner in August,
cotton has relapsed to ~ cents. NO
rumors affecting prices much. North.
arn mills are consuming very largely,
with q continuing demand for goods,
which has advanced the prices of
many.
With enormous speculative sales OF
wool, which appeared to constitute
most of the market at Boston, there is
also more buying there and elsewhere
by the woolen mills, which are enjoy
ing an extraordinary demand for goods
at prices averaging net ten per cent
higher than was paid in the early part
of the year.
The average advance for the week in
sureties has been S1.12 per share for
railroads and 20 cents for trusts.
Failures for the week have been 215
in the United States, against 315 last
year; and 35 in Canada, against AZ last
year.