Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-11-11
pun.s COMMERCIAL REVIEW.


Teach-sIore Works Have Joined the Ac-
tive List, Including Some Long Idle
Hindrances to the Cotton Trade-Corn
Shortage.
New YORK. Nov. 6.-R. G. Dun &
| Co.'S weekly review of trade says:
| Stronger proof of the great change
| in the condition of business could not
be given than is found in the detailed
report of failures by branches of bus
| mess for the month of October.
Though swelled by few large specu-
| latiye or brokerage failures, the aggre-
gate was smaller than in any other
month for more than four years, ex-
| cept in July and August and one month
| in 1894. The manufacturing and
trading failures, s7,saS, 1873, against
! ST. $50, S11, in September, aud
/ 81, 700, SS5 in August, include one
| for 81, 600. 900. During the four weeks
| iron manufacturing failures have not
been smaller eXcepti in one month, wool
manufacturing except in two months,
| leather and shoes and unclaSsifed
manufacturing except in four months
| and cotton manufacturing except in
six months. OF the trading classes,
failures have never been smaller
in groceries, jewelry and books ex-
cept one month; clothing, furniture
and unclassi6ed trading, except in two
months, and ten manufacturing and
| eleven trading classes out of II each
| have never reported smaller failures in
a third of the past A. months. I'M
| provement so general with remarkably
low liabilities in most classes, has
| meaning which cannot be mistaken.
The quiet following the great rush of,
orders aud purchases for over two
| months is still further increased in
many branches by unseasonably mild
| weather, and yet the mills are obliged
| to refuse many orders.
More works have Joined the active
list, including some long idle, and the
production in iron manufacture is the
greatest ever known. The output OF
pig again exceeds the demand, which
naturally diminishes near the close OF
the year, and prices yield slightly, but
| the consumption is kept at the maxi
| mum by pressure of orders, which the
works are not able to fill fast enough
The Illinois Steel Co., shipping 5000
tons of finished products per day, is
behind. Eastern and western orders
cars and bars, for ship plates and
structural forging.
Cotton manufacture is doubly him
dered by decline in cotton and by &C
cumulation of goods with slow distri-
button, SO that print cloths have fall
en- to 2.31 cents new low record, and
staple goods are sold at concessions; all
averaging not two per cent. above the
lowest point.
In wooden goods the advance has
been arrested by doubts about the flu
ture market for goods and cost of wool,
which has advanced slightly in Octo.
Der, though heavy sales to take profits
are reported, few at Boston covering
5000, 900 pounds this week. The mills
have all they can do for some time,
and the opening of the next season
may be deferred until the future can
| be more accurately judged. Cold
weather isgreatly needed to hasten dis
tribution of textile goods and to pro-
vide indications of the future demand.
Another rise in w heat lifted the
price above 81, but profit taking speed
lily caused reaction, and the price closed
| ~ cents lower for the week. Re-
ceipts were about 1000. 900 bushels
larger than last year, and Atlantic ex-
ports, flour included, were 3,2S7, $50
bushels, against 1,S62, 533 last year.
Exports in October, as in September,
were heavier than in any preceding
month, and after gloomy reports of
the condition of winter wheat, extern
sive rains have caused material im-
provement.
Corn has grown stronger in spite of
the course of wheat, and authorities
much credited estimate the crop at
l,s23, 600, 600, which would hardly per-
nit continuance of heavy exports in
| place of wheat through the year.
Cotton has not lifted above six cents,
and the accumulation and declining
prices, of goods with the somewhat.in-
creased prospect of extensive stoppage
of English mills, causes less specula-
tation than usual.
Failures for the week have been 276
| in the United States, against $50 last
year. and 80 in Canada against SO last
year.