Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-02-10
DUN's COMMERCIAL REVIEW.

The Most Encouraging Report, Taken 80
a Whole, That Has Appeared for Many
Years-A Gradual improvement all Along
the Line With Generous Promises for
che Future the Feature of the Report.
NEW YORK. Feb. 5.-R- G. Dan &
Co.'s weekly review OF trade says.
Actual payments through clearing
houses in January made remarkabls
showing, being much larger than in
any previous month, 1858 per cent
larger than the same month last year
and IL per cent larger than in 1892.
The failures in January were smaller
than in any previous year of which
there is record, and were probably
smaller than in any other January
since 1881.
The statement by branches of bust
ness given this week shows a surpris-
ing gain in most departments of manu-
facture and trade. Meanwhile, the
money market is as confident as ever;
gold does not come from Europe in
large amounts only because bankers
find it worth while to lend American
money abroad, and the commercial
balances are heavily in favor OF the
United States, as heretofore.
Perhaps the most striking feature Of
the week has been the decline in
wheat. With exports of 3. 094, SIT BUSH
els. against 1,7zO, $40 last year, -four
included, from Atlantic ports, and
no $40 from Pacific ports, against S44.-
S43 bushels last year, the temper of
the market has been weaker. The re-
port of the agricultural department
has had some influence, although its
figures are not generally credited as
reliable. The wheat market has
turned largely upon the operation of
Chicago speculator, but the fact re-
remains that the price depends largely
upon foreign needs and upon the COM
parative scarcity of the American sup
ply.
The outgo of corn continues heavy,
1896, $50, against 8, 343, 400 for the same
week last year and the excess over last
year, when exports were much the
greatest ever known, indicates a very
heavy foreign demand.
The spot price of cotton remains I'M
changed, but the fact that receipts
continue larger than during the same
week of 1895, after the heaviest crop
ever known, checks speculative opera
tions for an advance.
The iron and steel manufacture is
steadily gaining in consumption of pig
iron, although the production OF the
material is still in excess of immediate
demands, but not enough to cause a de-
cline in prices in Pittsburgh or Chi
cago. Even the southern producers
are able to get fair price at Chicago
and at the east, and anthracite pig is
unchanged. The demand for finished
products has been very heavy, and in
cludeS for structural work 5000 tons
for tbs state capitol building in Penn
sylvauia; 4, 900 tons for the courthouse
at Denver; 5000 tons for elevated rail-
ways at Chicago, and numerous small
buildings in various parts Of the coun-
try.
The demand for car building has
been very heavy, both at the east and
west, and the plate demand greatly
increased at the east on account OF
orders from shipyards. For plates the
demand from tin plate works has been
very active The prospect of a COM
bination of wire manufacturers has
stimulated the demand and raised the
price for wire rods.
OF Connellsville coke, Is, 900 ovens
are in blast, with an output of 155. 900
tons weekly, and the quoted price is
S1.5O for furnace. Tin is quiet and
steady at 1885 cents, with a visible
supply on February of 81, t2u tons,
against 50, 3S2 a year ago. Exports of
copper in January were about 20.2 25
tons, against 9,O56 last year, and the
price is held at II cents for lake.
There is better demand for cotton
goods since the general stoppage of
works at the east, but there is no in
dication as yet of material gain as re-
spects unsold stocks on hand.
In wooden goods the demand is
altogether more satisfactory. an adj
vance of about 20 per cent. being paid
on most grades of the finer woolens
and worsteds, and nearly all the mills
are active. The sales of wool at the
three chief markets were 1851, 400
pounds, of which 1913, 900 were do
mestic, against Is, 563, 700 last year, of
which s, 1913, 400 were domestic.
Failures for the week have been 49,
in the United States, against 81 last
year, and SO in Canada, against IS last
year.
DID NOT OPEN ITS OOORS