Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-04-07
DUN's COMMERCIAL REVIEW.
The Quarters Failures the Smallest for
Twelve Years-The Outlook Gem
orally Favorable.

NEW YORK. April 2.-R. G. Dun &
Co. S weekly review of trade says to-
day:
In spite of foreign conditions since the de-
struction Of the Maine, February 10, failures IN
three months are smaller than in the first quar-
ter of any year since 1886. The ratio OF de-
faulted liabilities to payments through clear
ing houses has been the smallest for that quar-
ter since 1881; the average of liabilities per nj
in business has been the smallest since 1851,
and the average of liabilities per failure has
been lower than ever before in any quarter IL
is especially significant that the failures for
less that $4,000, without material decrease
In number, were % per cent smaller than last
year in manufacturing, and "a per cent. smaller
in trading.
must have greatly increased commercial disas-
ters, does not appear to have any such effect as
yet, and while there is some decline in the new
orders for industries, nearly all live works are
covered so far ahead that the difference is not
felt Rates for money have advanced, and the
six per cent, which used to be the ruling rate
in active times again prevails. which compelS
many spectators to liquidate. But the i'm
ports of gold go far to prevent any real anx-
iety. Moreover although part of the hypothe-
Gated exchange on Europe has been sold and
ordered against it, there is known to be about
$50 900, 900 more yet in the banks at New York
and S12, 100000 in other cities, against which
gold is liable to be imported, because there is
small prospect Oh any DGLL6E S6ltlGLuSAt
The outgo OF breadStuffs continues, Atlantic
exports being 2,5l6229 bushels, flour included,
for the week, against 2,185,376 last year. and
Pacific exports 542, 147 bushels, against 13S.2O
last year, and for the past five weeks from both
coasts the exports have been 1882, 9T bushels.
against s, 226 256 last year. Meanwhile corn ex-
ports have been for the week 3,767 029 bushels,
against 1921 ,62l bushels last year. All the
speculative movements at the west have been
less influential than this heavy and continued
afTNtG
fall of as if supplies were no longer unlimited.
Wheat has declined slightly, but corn has ad-
vanced one-Quarter cent for the week, and no
one imagines that foreign trouble can check
the outgo. Cotton has advanced an eighth
because of the idea that the production
may be reduced, although receipts from plan
tations thus far has been greater by $4,000
bales than in 1895 from the largest crop ever
raised, and while the mills are now nearly all
active the consum ption does not exceed the
maximum. The smallest sales of wool for
many years are reported at Boston, and at the
three chief markets sales have been only l, l46,-
500 pounds for the week and about a fifth o I
last years for the quarter. Thresholds held by
manufacturers have evidently been much
greater than anybody supposed, and they are
not yet buying after several months of waiting,
nor showing any disposition to buy, though
nearly all their works are running full
The iron and steel market shows no decrease,
for with works fully employed and some addi-
tional works put into operation for government
purposes, pig is not lower anywhere, and at
Pittsburgh shade higher for Bessemer, be-
cause of agreement by valley producers. while
without agreement of MeSaba mines the pur-
chase of ore at Cleveland were over 100000
tons for the week.
Billets are still scarce and sheet bars are in
demand though wire rods are lower, and wire
nails are weaker in spite of the imperfect COM
bination of makers Other prices for manu-
featured products are unchanged, although rails
are shade stronger, with a rush order
pending for 81, 900 tons to complete the Pacific
railway, and plates are in very heavy demand, g.
600 tons for and4 900 for other use ut Pitts
burgh with 1000 more originating at Chicago,
and structural orders cover 200 tons for build
ings at the east, with 900 more at Pittsburgh
and many at Chicago.
Failures for the week have been 30 in the
United States, against 260 last year, and q in
Canada, against AZ last year.