Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-04-21
puN,s coMMERcIAL Review.
The Volume of Business Increasing, Not
withstandlng Actual Prepara-
tions for War.
New YORK, April 16.-R. G. Dun &
CO.. weekly review of trade to-day

| New YORK, April 16.-R. G. Dun 4
Co.'S weekly review of trade to-day
says:
The meaning OF congress regarding Spain Is
not in doubt. but the form of declaration al
| this hour is in question The presidents mes
| sage has been accepted as strong statement
Of the situation and the question in congress Is
whether it WILL without change, adopt his pro-
| posaL Preparations for war continue as
| If it were inevitable. There is some
hindrance in business, and yet the
| volume of payments through clearinghouse
Is still 129 per cent larger than last year, and
outside New York about 22 per cent. larger
| than in 1892, though speculative Stagnation
here makes the aggregate lower. New York
banks may now realize that they are strong
enough for all possible emergencies and may
give the government valuable aid by greater
freedom in business loans. Sound New York
banks are not in the lea It alarmed about the
business situation, nor have they any occasion
for alarm
The Industries are doing well, because they
have enormous orders, taken in February and
March or earlier. which insure operations for
periods varying from a fortnight to several
months. But the new orders, upon which they
have to rely If partial stoppage or closing of
many works is to be prevented, are just now
restricted by apprehension about the money
market and the possibility of loan
In the iron business there are orders for
about 90 900 tons structural work held up by
questions of law. In Chicago the large post Of
flee order is yet waiting and the Russian order
for rails is still pending, possibly because Of
financial difficulties.
While new business in this line is still very
heavy. the production is so large that it may
easily be disastrously checked by persistent
restriction OF the current demand
But foreign orders for six large vessels are
pending in eastern ship yards and actual or
ders for alone cover 20, 900 tons basic steel
at Pittsburgh.
Angles have been advanced 81 per ton and
structural works are all crowded with orders,
while pipes are in heavy demand.
With prices for print cloths still at the low
est point ever touched buying of cotton goods
is more hindered than many are willing to ad-
NIT by the idea that other goods. not equally
overproduced, may likewise decline in price.
The Stagnation in wool is something re-
markable. the total sales at the three chief
markets having been only l, 1872, 144 pounds,
against 1905 900 last year. and in the first half
of April only 1885, 0H pounds, against %, 346 00O
ayear ago. Manufacturers still waiting,
although somewhat encouraged by q rather
better tone in the clothing trade Of late. They
have ample orders for the present in most
lines though not in all.
Wheat rose SIC and held 21ac for the week.
although Atlantic exports for the week have
been 3,O45,02I bushels, flour included, against
S76.7l9 last year, and Pacific exports 827,36S
bushels, against 212, 056 last year. The total
from both coasts for two weeks of April has
been 1879, 1876 bushels.
The official report shows that exports in
March were l5 459, j75 bushels of wheat -four in
Guided, against 1901 ,722 last year, and in nine
months from the principal ports 1919, 909 $50 bush
els, against 1858, 463 last year Meanwhile
the exports of corn in the nine months have
been 1873 905 1874 bushels against 1876 634 231 last
year. The volume of legitimate business is
enormous, while failures are remarkably small.
For the week they have Deen 254 in the United
States, against 207 last year, and 10 in Canada,
against 80 last year