Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-09-02
DuN's COMMERCIAL REVIEW.

DUN'S COMMERCIAL REVIEW.
Reaction, But Business Has Noae This
-Season-Whezt FluctnAtes bat Advances,
Cotton Keeping Pace, and the Wool Mar
ket Reflects Greater Strength-FaIlures
for the Week.
NEW York, Aug. 2a.-R. G. DUN 81
Co. in their weekly review of trade
| say:
Speculative markets have their turns
OF reaction. but business has none this
! season, gaining at . steadiness which
is most gratifying. The starting of
works, increase in hands employed,
advance in wages and in prices of
products and the heavy movement of
crops are facts before which all specu-
lative influences have to bow. The
weeks dispatches mention 10 iron
works which have started, against
one closing; Is wooden works started,
and so in many other branches, while
many more works have increased
forces and many are preparing to re-
sumo, and some have increased wages.
While these things continue with
grain rising and going abroad in enor-
nous quantities-moneym markets have
reason for Astounding confidence and
speculative strength. Crop prospects
are contradictory as usual at such a
time, but it is noteworthy that none
of them indicate anything less than an
ample supply of the great staples.
Wheat rose over cents Saturday
with exaggerated reports of injury,
fell nearly cents, advanced 4 cents,
and then declined sharply, closing
cent lower for the week.
That some harm was done to spring
wheat appears, but no accounts en-.
titled to respect indicate damage re-
ducing the yield below $40, 900. 900
bushels, which would be 25, 600. O0G
larger than any other crop except that
of 1891.
In spite of great lack of cars, wheat
receipts were 4, 349. $50 bushels for tho
week and for four weeks, 1858. 6S1
bushels against IA, 500, 947 last year and
at Atlantic ports, exports, -four in
cluded, though somewhat checked by
higher prices were 3,56S, 500 for the
week against 2,207, $40 last year and
for four weeks Is, 3S7, 6S7 bushels
against 1915, 1T last year. Exports OF
corn bear strong testimony to the Sc.
robustness of foreign needs, being g..
$40, 144 bushels for the week, against
2,Sl3, 919 last year, and Atlantic ex
ports in four weeks have been 10. 1856.
AIS bushels, against 5,617. 10 last year.
The price rose 1 & cents for the week.
Sympathy for the other markets
rather than reports of injury, which
capable authorities deem not impor.
tant, accounts for the advance OF
three-sixteenths in cotton. But the
mills are resuming work with a rush,
and will require heavy supplies of ma
terial to meet the large demand for
goods which has advanced the prices
of many. A general replenishment OF
stocks by dealers will call for heavy
additional supplies.
The wool market also reflects, in
greater strength and further advance
in some grades, the heavy buying OF
woolens which has set many mills al
work at night and day and caused
makers of many grades to withdraw
them entirely from the order market.
But, while the mills have been buying
somewhat more, most of them hold
large stocks and the trading has been
mainly speculative between dealers.
At last demand has so far overtaken
capacity of iron works that prices art
growing stronger. Bessemer and gray
forge, 25 cents higher at Pittsburgh
and pig in Eastern markets as muck
stronger, because rebates and conces
sions are stopped. Billets are 81 pei
ton higher, structural angles, bars anG
plates about as much, rods 81. SO at $50
and wire nails cents per keg higher.
The demand is also heavy for mer
chant pipe and steel, and sheet,
are very active. The advance
in iron and steel prices average.
q per cent for the week. Buying OF
ore continues heavy, 400, 900 tons il
two weeks at Cleveland, and among
the iron works starting are four more
furnaces. While tin is weaker al
1926 cents with large arrivals, copper
is held at Tx cents for lake by large
orders and deliveries, and lead is
scarcely obtainable below four cents
sales having been heavy. Connells-
Vile coke works increased output t6
123, Ola tons for the week.
Hides are again stronger at Chicago,
though packers no longer lead, hui
country hides are called scarce al
though cattle receipts at the four CHEZ
markets ISL, 400 head, are the largest
for the corresponding week since 1892.
Failures for the week have been 22S
in the United States, against 2Ss last
year; and 81 in Canada against 33 last
year.