Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-03-24
DuNs COMMERCIAL REVIEW.

DUN'S COMMERCIAL REVIEW
Peace Nor War Check the Onward Current
of Business-CioId Coming Over from
Europe-pFompt Action by Congress Has
Removed All Fear of Embarrassment
Through Conflicting Purposes at WASH
MISREPRESENTATION and Prices.
NEW YORK, March 19.-R. G. Dun &
Cos. weekly review of trade yesterday
said;
Neither peace nor war reports have
changed the onward current Of bust
ness. Orders for more than SIS, 500, 900
gold from Europe have blocked any
drift to add stringency in rates for
money, and treasury receipts of about
S1,1c0,000 per day have kept in check
any question about the currency, while
exports of products have continued at
rate. considerably increased and the
demand for products of the great in
dustries shows steady expansion.
Prompt action by the senate and
house has removed all fear of embar-
rassment through conflicting purposes
at Washington. The government is
making ready without any waste of
time, while frankly assuring every
body that it looks for peaceful set
Element and hopes that its prepara-
lions may prove unnecessary.
The backbone OF the situation is the
excess of merchandise exports, more
than $4,000, 900 in February, with an
increase of 100000 in miscellaneous
products; 100000 in provisions; ST.
10000 in cotton, and $7.O00,000 in
breadstuffS, compared with last wear.
and Sl", 100000 in all products. In two
weeks in March exports have been 16
per cent, larger than last year,
and imports have gained but ST
per cent, although especially swelled
by receipts of India Rubber, sugar and
hides. The outgo of cotton surpasses
all expectation, though the price was
stronger last week, and the export de-
mand apparently paid no attention
to market fluctuations. Receipts from
plantations continue much greater
than at the corresponding date from
the largest crop heretofore produced, 50
that guesses about the future crop are
now the main reliance of spectators.
Wheat also moves in spite of all
speculation. Atlantic exports, flour
included, have been 1924, $50 bushels,
against 1858, 800 last year, and from
Pacific ports 1871, 1926 bushels, against
268,505 last year, making for three
weeks, from both coasts, 1869, 125
bushels, against 4,538, AL last year.
The price has varied with conflicting
reports, but closed a quarter of a cent
higher for the week.
Wool shows no change III quotations,
though eastern markets are extremely
dull, and the Indifference of manufac-
turers has made transactions only p
O62 800 pounds, against 1851, 900 for
the corresponding week last year, and
5,OS8, 200 for the corresponding week in
1892. The London market is rather
high, and holders in the interior are
expecting a material advance in prices.
Little encouragement appears in the
market for cotton goods, with print
cloths a sixteenth lower than week
ago, and standard grades undersold by
many of less note. The demand is
large, but not large enough. In Woolen
goods, on the contrary, the material
advance in prices has raised the only
obstacle to increased transactions, and
somewhat frequent cancellations indi-
cate that dealers have been disap-
pointed in their distribution. The
small yielding in wool may result in a
greater decline if this tendency in the
manufacture continues.
Bessemer pig and gray forge are
both slightly stronger at Pittsburgh,
the proposed combination of valley
furnaces helping, but pig is not
changed in price elsewhere, nor are
finished products at any point, except
ing wire nails, which are five cents
per key weaker, and steel rails, which
are said to be sold at $17.5O at the east
by some establishments. Contracts
have been made for 10000 tons
with eastern works for domes-
tic delivery; 1900 tons for
Australia; 5000 tons, with 1000
tons bridge work, for South Africa,
and the Illinois Steel Co. is filed up
with orders for the year. The Car
negie company has sold 5000 tons of
deck plates to shipbuilders of En-
gland, and several Chicago orders for
plates, exceeding 1000 tons each, are
for railroads, car and agricultural i'm
plement manufacturers and projcctile
works.
failures for the week have been eos
in the United States, against ZIG last
year, and 81 in Canada, against so last
year.