Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-01-20
puN's TRADE REVIEW.

Satisfactory Prospect of the Opening Year
Grain Yields While Stocks Advance
clearinghouse Returns Greater than In
1S92-Incre2sc in the Output of Iron
MIIls-Heavy Orders for Cars, Railroad
Supplies, Etc.
NEW YORK. Jan. 15.-R. G. Dun s.
Co.'s weekly review of trade says in its
ssue of to-day:
The year has opened with very sat
isfactory prospect. 1t is all the better
that there is no wild excitement in the
speculative markets, and while stocks
advance a little, grain yields little.
The payments through the principal
clearinghouse, Notwithstanding de-
crease at New York, owing to less
activity in stocks, are 30 per cent.
larger than in 1892 and 1O.1 per
sent. larger outside of New York.
Earnings of all railroads in the
United States reporting for December,
S43, 1874, 279, indicate substantially the
same rate of increase exceeding last
years by 10.5 per cent. and the earn
ings of 1892 for the same roads by 1.3
per cent. Since 1892 was, on the
whole, the most prosperous year thus
far, comparisons indicate, notwith-
that the volxne of business is larger,
and in spite of some cutting of rates.
the earnings of railroads are larger
than in the best year of past history.
The wheat market has been curiously
languid, yielding a quarter of a cent,
although Atlantic exports amount to
6,056, 7SS bushels for the two weeks of
January against 8, $50, 81 last year. and
Pacific exports for the week have been
1,979, 676 bushels.
Western receipts continue so heavy
that with the greatest accumulation of
wheat at Chicago ever known there is
little encouragement for speculation.
Receipts were 5, 557, 204 bushels for the
week, against 3,O9S, 668 bushels last
year.
Corn exports continue large, although
not equal to last years, amounting to
3, 1876, 68S bushels against 4,143, $50
bushels for the corresponding week
last year and the price declined about
three-quarters of a cent.
Spot cotton is q sixteenth lower for
middling uplands, mainly because of
the stoppage of some mills by difficulty
about wages. But nothing is definitely
known about the quantity of cotton
yet coming forward, and one report of
creditable character puts the years
yield at 10, $40, $50 bales, though results
thus far do not quite justify so large
an estimate.
The iron furnaces in blast January ]
report an output of 226, COS tons week.
ly, against 226, 024 weekly December ],
with an increase of II, 4S1 tons in the
unsold stocks held by furnaces. While
this shows consumption 5215 per
cent. larger than a year ago, there
would be discouraging indications of
consumption but for the fact that sew
eral furnaces were stopped for the
holidays, and these, with several 9TH
ers, have started since January ],
while demand for finished products
does not diminish.
The wooden manufactu rers have been
buying wool largely and for reasons
not publicly explained. 1t is evident
that large orders have been taken by
the leading mills at prices which they
find satisfactory, and the rush of
small mills to buy wool has made
most of the market during the past
week, although sales have declined
about 40 per cent compared with the
previous week. But there is decidedly
better demand for mems wear goods
and the makers look forward to good
season.
The cotton manufacturers have
been overlooking by excessive produc-
ton, and find no increase in demand
and no gain in prices.
Failures for the past week have
been $40 in the United States, against
455 last year. and 50 in Canada against
~ last wear