The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1893-12-09
DUN'S REVIEW.

nance Throush6ht the Country as Re
Gected by r. q. Dun q Co.'S Weekly Re-
vlew-Tnrin Uncertainties Thought TO ps
Affecting Some Lines-MOney Abundaht
snd Rates Lower, hut Industries Walt
ing for a More Settled State of Affairs
Business faiiuresi Etc.
NEW York, Dec. 9.-n q. Dun 4
Co. S weekly review of trade, issued to-
day, says:
1t cannot be saIi that business during the
past week has grown better or worse For
some days the gain in ,mand and in transac-
actions which had been previously noticed
continued But afterwards tariff uncertainties
were thought 10 affect some branches OF busi-
ness. and whatever the causes. the state OF
trade was less clear. Money was everywhere
abundant, with rates comparatively lower.
md commercial demand was remarkably
small. while the demand for specula-
tive uses appeared to be increasing.
When these are symptoms OF transition
state. ordinary iadi, ations lased upon the
course OF business down to n few days ago are
not as valuable Us usual. but on tho whole such
signs are. however. less eacouragin; than they
were q veck ago. Reports OF different
branches OF trade and from different cities
frequently mention tn, tariff uncertainties rs
cause OF natural hesital:y, but II will take
Some time 10 determine whether the general
tcnuenCy toward Improvements HaS ocsh
checked, OF to what extent
The volume Of trade has been somewhat In
creasing. and yet not niuch as expected, the
exchanges for last week showing decrease OF
&C. per cent. compared with last year. in parf
because the week covers only i've business
days against SIX last year. For two weeks.
covering the same WORKING days. the decrease
has been 23.3 per cent The railroad earnings
for the last week of November show lar-ef
but in freight alone the business was about the
same IS for the first half OF the month. In gen.
eral the statement shows n slight increase In
eastern traffic and heavy decrease on western
and Pacific coast busineSI BIT the report
covers period ending NOR, than a week ago.
and casts only au uncertain Hight on the present
situation.
Speculative markets have shown but little
change except for trust stocks. which averase
& per share lower. with railroad stocks but
shade lower. Wheat is slightly stronger. re-
ceipts being considerably smaller than in re-
cent weeks, though exports are also remarka-
bly, small. Corn is unchanged In price. with
heavy western receipts and large exports
Pork and hog products are practically un-
changed well as OIL Cotton Is shade
lower, as receipts from the plantations con-
tinue to exceed those OF last year. in spite OF
the very positive estimates OF q short yield,
and the average of guesses by operators on tho
New Orleans cotton exchange is over I0J.Oo)
bales greater than the government estimate.
The stocks OF Ameri, an cotton in sight are
again so large that they retarI any rise in
prices.
The industries are waiting with visible rl-
certainty regarding the outcome OF lesisla-
tion, AMI beliefs that the p,llins thrift bill
will or will not be passed, ans=t action rs
much as the varying judgments in regard to
its effect II passed. At present the irol m
dustry shows no gain. on the whole, with tho
demand for pig iron not urgent, AMI bessamer
Iron little lower at Pittsburgh with no sales
of rails at the combination price. and with
slightly lower prices for some finished pro1.
ucts, and Il rather scanty demand for any. II
is questionable whether the working force en-
ployed is larger than It was week ago. Tho
cotton ma nuia ctures show q decided improve
ment because the market is IN urgent need
of more goods. but there Is no change
in prices. The sales OF wool aro
again larger than for the same
week last year. amounting to 6.Gl9sO) pounds
against .354 800 pounds last year, but that part
OF the transactions are said to be speculative
in their nature. being based on ths theory that
whatever may happen later. the necessities OF
the country will compel larger consumption
OF wool within the next few months. Never
theless. dispatches show that several woolen
works have heen closed within the past week
lOr lack OF OruerS, anu the increase IN ueLnAuu
for goods which appeared to soms extent a
week or two ago. cannot be said to continue
In / oots and shoes no increase in the working
force is seen. and while eastern ShIpm rnts arc
only about PER cent. less than year ago, the
greater portion OF the works have orders only
for part of their capacity.
The vast accumulation OF idle money tends to
stimulate speculation. but It is not good
symptom. II shows n remarkable shrlnkaye
IN the volume Of trade, and the reports from all
quarters make IL clear that the demand for
money is unusually light for the SEASON Rates
are exceptionally low here. and this helps to
prevent the movement OF gold which the state
Of foreign trade might now usually cause.
The domestic exports for four weel's from
New York amount in value to $50 ll9. SO.
against SEQ. .s.I.173. while the decrease in i'm
ports is over lsOO0.OG1. or 81 per cent. for the
four weeks. that the excess OF exports for
the whole country must be large. But cX-
change bills against productions are eIcep-
tionnlly scarce; no gold comes this week, and
heavy shipments Of silver are made TO Lon
don. tho price declining, although India is TAX
ing more than last year. Apparently the coun-
try is paying OF with its surplus. loans amount
ing 20 many millions which were effected in
Europe to avoid very great disaster last sum
mer.
The failures this week number 27s in the
United States. against 236 last year. and is in
Canada. against 80 last year