Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-04-14
DUN,s COMMERCIAL REVIEW.
Rumors of Impending War Cause NO IN
coward Effect Upon Gem
eral Business.

New YORK, April 9.-R. G. Dun &
Co. S weekly review of trade says to-
day:
When everybody is asking whether it is 10
be war or peace, the state of business Is not
easy to judge. Since nobody can judge just
how wise bankers may be in an emergency,
there is some uncertainty, but thus far scarcely
any stoppage whatever of manufacturing con-
Germs appears, nor any indications that the pro-
ducing force is likely to be diminished, nor Is
any such symptom to be seen in business re-
ports. Evidence of existing conditions is not
confusing nor unfavorab1e
So far banking conservatism has not caused
failures, which continue smaller than for many
years, as in March, nor has it caused stoppage
of any manufacturing concerns. nor leSsened
the volume of business reported by railroads
in tonnage, or CT -artngs at principal points.
The wheat outgo counts for much and con-
tinues, Atlantic exports having been 224l .217
for the week against l,52i 122 last year, and Pa
cifc 1226,594 bushels. against 447.5S5 last year.
Since corn exports continue 3.4S3, $50 bushels,
against 3,323,2T last year, the strength of the
demand is not to be attributed to speculative
agencies.
1t is fortunate that western receipts of wheat
will not fall short of the extraordinary gain,
but are still I181 49, against 789 110 last year.
so that the stories of the nearly exhausted
supplies of wheat are fables for children,
At the same time the exports of cotton
are extraordinary, though Just now deferred
by the caution which causes large shipments to
New York, instead of outside from gulf ports
For four weeks it has averaged nearly 81, 500
600 per week lower than in 1895, from the
largest crop ever grown, in spite of the fall in
price. which has not changed during the week,
spite of many reports of decreased produc-
ton.
In such conditions heavy industrial demands
for a great force of operatives have been efec
tive. The truth is that every industry meets
rad n
responding demands in any other year. how
ever prosperous and yet nearly all are keeping
almost their whole force employed and some
are increasing force.
II one branch of wooden manufacture, two
carpet mills have stopped, or are about to stop
as it is between seasons, but much complaint
of cancellation because of higher prices and
possibly in some cases because of inferior quail
tiles has not been followed by reduced prcduc-
ton. Sales of wool are insignificant, and prices
have declined &c for finer grades, and over one
cent in the average for all quotations, only be-
cause spectators wholly undereStimated
stocks held by manufacturers
In the iron and steel industry, with demands
greater than ever before from general sources,
urgent orders from the government enlarge
work but do not advance prices
Disaster in trade as shown this week by sep
arate branches of business for the month OF
March, and also the first quarter of 1893 make
the best report that has been possible for five
years.
Meanwhile banks are extremely cautious and
commercial loans are but ten per cent of theiI
aggregate. The belief that quick expan-
sion in all branches would follow
greater liberality and patriotism by the
banks is not wholly unfounded, and the
heavy receipts of gold from Europe counts fol
little, compared with the greater or less lib
crafty in loans by banks
Disturbance does not yet appear, however
and failures for the week have been 232 in the
United States against 252 last year and 81 il
Canada against 80 last year.