Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-03-31
DUN,s COMMERCIAL REVIEW.
Rumors of War dave Little Eject on Bust
ness-An the Conditions that Make for
Trade and Prosperity Favorable.

ness-An the Conditions that Make for
Trade and Prosperity Favorable.
New YORK, March 26-R. G. Dun s.
20. S weekly review of trade says to-
day:
A waiting state of things always
binders business to some extent. With
more than 1874, o00, 900 gold received or
on its way since this movement began;
with ample bank reserves and treasury
reserves, and redemption of notes
nearly a third smaller than in
February to date: with no stringency
in the money market and sterling
exchange weak; with the volume of
business at clearinghouse outside New
York larger than in 1892 by 60 per
cent. this month, and with failures
nearly 80 per cent. smaller than last
year, and So per cent. smaller than in
the same month of 1892, there is not
much visible ground for panic, even if
earnest efforts should fail to maintain
peace with honor.
Warlike reports come every day and
stock operators make the most of them,
and yet the average of prices of rail-
road stocks is 53.OS against $500 two
weeks ago to-day. Nor have industrial
operations been perceptibly affected
except where extraordinary buying for
some weeks past has made necessary
pause for breath, SO to speak, cor where
unnatural prices had caused halt be-
fore the destruction of the Maine.
Some decrease in new engagements
would be expected with war appar-
emily near, but as yet scarcely any in
dication of decrease for that reason is
seen. 1t is difficult to take dismal
views when the nation is surprising
all records in marketing products. At
lantic exports of wheat for the week
have been 2,16O,S26 bushels, against l.
272, 1868 last year, and in four weeks, g.,
3O2, 514. -four included, against 5, JOB, 425
last year. with Pacific exports, 4, 232, 032,
against S99,242 last year. The price
has declined 2T cents, but the heavy
shipments and contracts for export are
having a constant influence.
Corn has declined only small frac
ton with exports not a sixth lower
than a year ago to date.
Cotton has fallen a sixteenth in spite
of large exports, because sales of fer
tilizers and other evidences indicate
that curtailment of acreage this year
will be less than was expected. Domes-
tic exports from New York in two
weeks have been 50, 1O2 900, or SO per
cent. larger than last year, while inn
ports have been scarcely larger, fore
shadowing exports again exceeding
500, 900, 900 for the month and $24, 00O,-
900 over imports. In such conditions
no stringencY in money is needed to
bring money hither.
Sales of wool have been only II, ALL
600 pounds in three weeks at the three
chief markets, against 46,605, 300 last
year, and quotations are yielding, with
sales of old wool, half to one cent be-
low current quotations for clothing,
wit h no Indication that manufacturers
are nearing the end of their stocks.
Cancellations are numerous, but in
proportion to orders smaller than
for five years past, and find natural
explanation in an advance of prices
greater in home lines than diStribu-
ton seems to warrant. Yet the mills
are nearly all full of orders for some
months to come, and rathS" more de-
mand for goods is seen since colder
weather appeared. Cotton mills at
Fall River still increase their accumu-
lated stock of about 9, O00, 900 pieces, and
print cloths have declined to 2.O6 cents,
the lowest quotation on record. Some
print cloths have also weakened, but
ginghams are firm, and better grades
of dress goods are sold well ahead.
The iron and steel industry is more
fully employed than ever before in it's
history, and although production of
Bessemer pig is beyond all precedent,
the price advances and billets are still
bought in open market by some of the
largest producers. Other pig is steady
in price and no decline appears in fin.
ished products, excepting steel plates
at the east, but for these de-
mand at Chicago is enormous, as
for cars and agricultural imple-
ment materials, pending orders for
cars covering 500 to 1000 each. The
structural demand during the first
quarter was 80 per cent. larger than in
the same quarter for any previous year.
and it is said the demand for pipe is
swelled by pending contracts for 12G
miles. Minor metals are compare.
lively quiet; tin at 14.3 cents; lake cop
per at 81 cents and nickel in heavy de-
mand at "a cents.
Failures for the week have been PSI
in the United States, against 291 last
year, and 21 in Canada, against so last
year.