Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-06-17
DUN.s COMMERCIAL REVIEW.

A Moderate Yet Distinct Gain in Rasinees
Quantities Rather than PricesfSkow the
Improvement, Though In Some Branches
an Advance in Prices Also Appears
Facts and Figures of Trade.
New YORK, June 12.-R. G.. Dun s.
Co. S weekly review of trade issued to-
day says:
The gain in business continues not
without fluctuations, and at the best
moderate, yet distinct. 1t is still in
quantities rather than prices. although
in some branches an advance in prices
appears, but on the whole the number
of hands employed, the volume Of new
orders and the amount of work done,
are slowly increasing.
Prospect of good crops of wheat and
cotton helps growing demand from
dealers whose stocks are gradually
gaining, and in the money and ex-
change market large buying of Ameri-
can securities has an influence.
Wheat looks well and the best trade
authority now estimates the yield at
SIS, 600, 600 bushels with many state
and railroad returns to support it.
The price recovered lie after last
weeks fall of over 4 cents, because WISH
bic supplies are diminishing, but with
2,970, 579 bushels received at western
ports IN June, Atlantic exports have
been. -four included, 5, 128, 943 bushels,
against 8, 704, S27, in one more day last
year. The outgo is steady and since
March has been 6,946,3 S2 bushels
against 16. 114,1 last year, and yet
western receipts have kept fairly ahead
of the exports.
The annual report of cotton acreage
by the Financial Chronicle shows an
increase of 5.S3 per cent. in all the
states, and an increase in every state
in spite of the floods, which, with no
more favorable weather than that of
last year, would mean a crop of nearly
9,100, 900 bales. The market is a six
teenth weaker, partly because some
southern cotton mills are trying to
limit production. Neither cotton nor
wooden mills can expect other than a
waiting business with change OF
tariff impending, but the demand for
bleached goods is steady, though mod
crate; for print cloths slightly better
at 2. A cents plus one cent, and for
prints good, though not active. Brown
goods are dull, though quotations are
unchanged.
Some large wooden mills are prepar-
ing to increase output and have
bought heavily, sales of foreign wool
at Boston alone having reached $780,
600, out of 8, 36S, 600 sold of all kinds at
the three chief markets, with carpet
mills at Philadelphia, which have just
resumed after a long idleness, also
buyers, and now running nearly full
time. Some recorder demand for wool
ems, is reported, especially in medium
and high-priced goods; and fancy
worsteds without change in prices.
Iron furnaces in blast June l re-
ported weekly output of 1885 tons,
against 10, 52S May 1, and in unsold
stocks, exclusive of the great steel
companies, an increase of IL, AIS tons
for the month to 1,050,252 tons. Yet
when an accident sent one of the
large concerns into the market to buy
quickly so, 900 to 60, 600 tons of pig, the
price rose to $3.50 for bessemer at
Pittsburgh, receding afterwards to
$975, with gray forge higher at So. Is.
The main fact is that production of
pig has for some months been much in
excess of the demand for the manufac-
ture of finished products. Failure to
form the Rod trust caused wire nails to
Weld five cents. The demand for
plates and sheets was better, and for
bars much larger east and also
at Chicago, with some large or
ders taken at Pittsburgh. Philadel-
phia reports decided improvement in
finished iron with fewer concessions
and Pittsburgh large structural orders,
while apprehension of labor difficulties
has induced much buying at the west.
The strike at Pittsburgh ended with
out success.
Failures for the week have been 262
in the United States against 246 last
year and 80 in Canada against 81 last
year.