Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-11-18
GUNS COMMERCIAL REVIEW.

Colder and stormy Weather AcceleraCes
observation-disclosures to Fill Stocks I'm"
couragiug-The Purchasing Power OF the
People Gradually Increasing, and Trade
should Give Ample Evidence of Increase
The Failures
New York, Nov. 13.-R- G. Dun *
Co.'s weekly review of trade says:
Colder and more stormy weather, SO
long needed in the accelerated dis
tribution of winter goods, has mate
rally helped in some quarters, and the
resulting improvement in retail trade
is mentioned in nearly every northern
dispatch this week, SO that orders to
fill stocks have been encouraging, and
in some branches the multitude of de-
mands for immediate delivery show
that the distribution to consumers has
already gone much beyond the expec-
tations of the dealers. But this is not
yet the general rule, and, with many
complaints of delayed trade from other
quarters. there still remains the ex-
tensive shrinkage caused by fever and
quarantine at the south.
1t is therefore, the more surprising
shat the volume of payments through
clearinghouse continues about as large
as in 1892, and 1871 per cent. larger
than last year.
Railroad earnings also nearly equal
those of 1892 for the first week of No
vember and half the mileage in the
United States shows earnings in Octo-
Der of $50, 354 400, or so per cent. larger
than last year, and two per cent. larger
than 1892.
Speculative markets feel disap-
pointed because prices do not rise
faster and faster, but it is fortunate
for producers and dealers that the ex-
perience of some past years in that re-
spect has not been repeated. There is
nothing to cause general reaction, the
purchasing power of the people is
gradually increasing and after the 1un
which follows extensive replenishment
of stocks, trade should give ample evil
dence of that increase.
The output of iron furnaces Novem-
Der was 212, 159 tons weekly, against
200, 1919 October l, a gain of 6.1 per
cent, and unsold stocks decreased 6S,-
$50 tons in October, indicating a larger
consumption in manufactures than
ever before, even when the output of
pig was pushed by swiftly-advancing
prices to the highest point, 217,6S2
tons, November 1, 1895. Prices of iron
products rose that year 55.3 per cent,
but are now not four per cent. higher
than June 9. The en- ormous output,
with some more furnaces started in
November, causes but slight decline
In Bessemer pig to $10.25 at Pitts
burgh. with no decline in other
pig trade at the east or Chicago,
and no fall in prices of finished prod
ucts except a shade in angles. While
most works have orders for the rest of
the year, and in sheets and some other
branches are far behind in deliveries,
new orders are few. but include one
for 1000 cars at Chicago and one for
400 at Pittsburgh, one for an armored
ship at Chester, many for small build
ings and for st. Vincent's hospital and
three school houses here. many for
bridges, with some for the drainage
canal at Chicago.
Wooden mills generally have orders
for three months ahead, and are not
seeking further engagements. Large
sales of speculative lots of wool at
prices not stated suggest that it may be
lower before the mills need further or
ders. A year ago the price began to
mount, with heavy speculation, and
has risen SO per cent. without reaction
in quotations, while the rise in goods
averages but Il per cent.
The decline in cotton and the slow
demand for goods, owing in part to
warm weather, have led cotton mills to
confer about curtailment of production
and further reductions have been made
in brown sheetings, drills and prints,
and by jobbers in bleached goods.
Cotton declined an eighth to 5.s7 cents
for middling uplands, and both ex-
ports and takings of spinners have
been large.
Wheat dropped over two cents, but
has since risen as much with buying
for export Western receipts continue
heavy, in two weeks, IA, OBS, 907 bushels
against 10, 5S1, 1872 last year; while At
lantic exports, -four included, have
been 6, 562, O25 bushels, against 8. 921, 2S1
last year.
An English authority reckons the
worlds yield at 161, 900, 900 bushels less
than last year, which would mean a
market for all this country has to
spare. Corn exports are again larger
than last year and the price has risen
~ cents. Later prices of meats do not
indicate that farmers have as yet much
inducement to save corn for feeding,
Failures for the week have been 29I
in the United States against 276 last
year, and "a in Canada, against 46 last
wear.