Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-10-14
DUN's COMMERCIAL REVIEW.


Smallest Failures Known Since 1892
Largest September Clearanees-Nosvftb-
standing Anxiety About Cuba, Fever nd
the South and the New York Municipal
Election. Business La sim Increasing.
NEW YORK, Oct s.-R- G. Dun &
Co.'S weekly review of trade says, II
its issue to-day:
While failures were the smallest
ever known IN any quarter since 1892,
and business payments through banks
the largest by S26s, 900, 600 ever known
IN September, the spectators who
profess anxiety about Cuba, or fever at
the south, or municipal election, still
have some influence. Helping them
just now is the fact that after extra
ordinary purchases for repIenishment
Of stocks from any section or town
there must necessarily be for q time
less buying from that quarter.
Yet business is still increasing. The
productive force still enlarged, the
distribution of wages affords Tn in
creasing fund for purchases, and the
foundations are laid for larger bust
ness hereafter. The weeks exchanges
are SIS per cent larger than in 1892
Crop reporterswhoh have widelydiffered,
now agree in putting the yield of
wheat about $50. 600, 600 to $50, 600. GOO
bushels, which is nearly 200, 600, 600
bushels more than viii be required for
home use, keeping stocks as they were
July l. the lowest for seven years
As foreign reports indicate large
demand and exports since July L have
been nearly as heavy as in the best
past year. with 2,9S5, Ts4 bushels from
Atlantic ports, -four included. for the
last week, against 2,24O. SCI last year,
the recovery of IL cents in price for
the week is not without reason. West
ern receipts continue to exceed last
year's-s. COL, POI bushels, against T.243.-
960 for the week. With less favorable
reports of yield. corn exports fall short
slightly. with small difference in price.
Cotton is unchanged in price, with
larger consuming demand, though big
crop estimates do not appear to be dis
puted-
A largely increased production of
pig iron and heavy realizing sales of
lots held on speculation have caused a
decline of Is cents, to stu. 60, for Bes-
semer at Pittsburgh, though gray forge
there has advanced 25 cents, and pig
iron is stronger at Chicago and eastern
markets.
But finished products grow stron ger
with a demand outrunning the ca
paeity of the works in operation in
many branches, so that delays in de-
livery in sheets and tin-plate bars are
embarrassing, and in some other
branches orders cannot-be filed within
one or two months
Wool has now reached an average Of
20.S7 cents per pound for 100 quotations
of domestic by Coates Bros of Phiia-
delphia, showing q rise of eight cents
since a year ago, with a much heavier
rise on some qualities, but following
an average decline Of IL cents from
March 1898
The rise has so greatly exceeded the
advance in prices of wooden goods that
the mills might have to pause but for
the very large stock purchased in ad-
vance Goods are strong with a fur
Their advance in some grades, but in
the aggregate thus far not 20 per cent
from the lowest point against go per
cent advance in the average price OF
wool
Dealings in cotton goods are delayed
by weakness in raw cotton, but neither
print cloths nor other goods have de-
clined since last week, and though the
mills are not quite fully employed q
continued increase in consumption is
with reason expected.
Failures for the week were 2I2 in
the United States against 200 last year
and 90 in Canada against 20 last year.