Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-07-22

Except the Great Coal Miners. Strike f0a
higher Wages The Outlook n VERY EN-
cOaraging-NOshinG In sight 60 hAndsR
RapRd Improvement when Uncertainty
About LegislA4Ron Has Been Removed
Generally Advancing Prices.
New YORK. July 17.-R G.. DUN &
Co.'S weekly review of trade issued to-
day says:
Excepting the great coal miners
strike. which may terminate at any
time, there is scarcely . feature OF the
business outlook which is not encour-
aging, the season considered. Crop
prospects have been improved By
needed rain in some regions. and for
eign advices promise q large demand.
In many home industries, particularly
in building. there is more activity than
in any year since 1892, and the
week has brought a better de-
mand in boots and shoes and in
woolens, while the movement of freight.
mainly iron ore. through the Sault
Ste. Marie canal is the largest in its
history. With money markets I'M
clouded there is nothing in sight to
hinder rapid movement when uncer-
tainty about legislation has been re-
moved, for the miners strike could not
last long if business and industries
should become active. There is much
less apprehension of a failure of fuel
supply than there was during the first
few days, when prices rapidly advanced.
and large quantities of coal from West
Virginia have reached northern mar
kets, but some of the miners in that
state have struck.
The advance in wheat to 81 4 was
not due to the government estimate,
which was followed by decline, but
to foreign advices and considerable
buying for export. Demand is already
felt from Australia, South Africa, Bra
zil and Argentina. While the promise
for European crops is not considered
bright, the disposition of farmers to
keep back wheat for higher prices may
affect the outward movement, but At
lantic exports during July. flour in
cluded, have been S,115, 44S bushels,
against 2.95s, SIT last year, although
in the same weeks 4,659, 315 bushels of
corn went out, against 1.574,072 last
year. Wheat closed four cents higher
for the week, and corn a half cent
higher. Cotton is sixteenth higher,
the closing or partial stoppage of inn
portant New England mills hardly
neutralizing in market estimation the
apprehensions of injury from drought.
The cotton goods market does not
yet reduce large accumulated stocks,
as the curtailment of production
shows, but is growing a little more
healthy without change in prices.
Woolens for the coming season have
not been generally shown, though on
some low priced goods advances of TX
per cent. are asked, and presumably
will be asked on better grades.
There is rather more business in re-
orders and the tone is more confident.
Speculation in the wool market con-
tinues with prices at all points
stronger, at Boston advancing with
signs of boom among dealers in
which manufacturers are taking little
part at current prices, and at the west,
where holders are looking for a great
advance. Imports at Boston were
2S. S62 bales in two weeks and dealers
are said to have bought 100, O0e more in
London. Sales were 10, 452, 800 bales
at the three markets for the week and
"a, az. 500 in two weeks, of which Ia
607, 200 were domestic.
The output OF iron furnaces July
was 164, 064 tons weekly, against 16s, ss5,
June and the output is large. Pre-
sumely an unprecedented share of 1t is
to supply the great steel companies
which are even now putting more fur
naces into blast and have heavy orders
taken while prices were dropped, while
the demand for structural shapes and
plates is large, and for bars improving,
though steel bars are now at the low
est quotation ever known in Pitts
burgh, s7111 to 90 cents, with Bessemer
pig quoted slightly lower. Tin plates
are also lower at 50. 10 for full weight
and less than So is paid for 100 pound
boxes.
Failures for the week have been 263
in the United States, against 269 last
year, and 27 in Canada, against 80 last
wear.