Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-08-19
DUN's COMMERCIAL REVIEW.

Every City Reporting Notes Increase In
Business-A Week of Surprising Inter-
est-An Increased Demand with Rising
Prices All Along the Line Caused by
Eager Foreign Purchases OF American
Products.
New YORK, Aug. 14.-R. g. Dun s
Co.'S weekly review of trade says:
Every city reporting this week notes
increase in trade and nearly all bright
crop prospects. The great change in
business is emphasized by the pres
ence of a multitude of buyers from all
parts of the country, by their state
menJs of the situation at their homes,
and more forcibly yet by the heavy
purchases they are making.
But the customary signs of prosper
ity are not lacking. The strong rise
in stocks, the growth of bank clear
ings and railroad earnings, the heavy
speculation in many products, but
most of all in wheat, have made the
week one of surprising interest even
to those who best remember the up
ward rush in 1879.
At the principal clearing houses
throughout the country payments in
July were for the first time slightly
larger than in 1892, and lilo per cent.
larger than last year; in the first week
of August II per cent. larger than in
1897, and 2S.4 per cent. larger than last
year, and in the second week of August
they are 17.9 per cent. larger than in
1892, and SS.1 per cent. larger than last
year.
The great crops and the haste of
foreigners to buy and ship wheat in
Vic Of oh al hax 4
the week memorable. Taking of
profits by a pool lowered the price
three cents on Saturday, but it has
since risen five cents.
The urgency of French buying of
wheat; reports that Russia will stop
exports in order to keep supplies for
itself, and continuous shipments from
the Pacific to countries usually having
a surplus, make even the largest esti-
mates of possible supplies not too great
for the possible demand.
In all the great industries a large
demand for products appears with
strong speculation in materials and in
termediate products. In the iron and
steel branch the starting of many
works after settlement of wages keeps
prices low and even depresses some,
but the fact that the demand is grow
ing, leads to heavy purchases of iron
ore, 200, 600 tons at Cleveland in a
week, and of billets, 40, 900 tons, while
concessions recently reported in pig
iron have ceased. The output of fur
naces, August 1, was 165,37S tons,
against 1874, 064 July 1, and decrease in
known stocks unsold indicates a con-
sumption for two months past averag-
ing Isl, 900 tons weekly, which is more
than in the same month of 1892 though
below the greatly increased capacity
of works now. Sales of tin are moder-
ate, of copper to American consumers
large, it is said, at II cents for lake,
and of lead at 3.7211 with speculative
realizing, but heavy sales of tin plates
are bringing slightly better prices.
All textile industries are encour-
aged by greatly improved and really
large demand for goods, which causes
many to advance in price. With pro-
duction much curtailed, stocks of cot
ton goods are rapidly decreasing, and
in woolens advances have been made
in clay worsteds and mixtures, fan
nels and Middlesex suitings.
Speculation in wool continues, with
prices about cent. higher, but sales
of 2S, 499, 500 pounds in two weeks show
the Willingness of some holders to
realize.
Failures for the week have been $50 in
the United States against 23S last year,
and 80 in Canada against SO last year.