The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1893-08-26
WEEKLY TRADE REVIEW.

u MT In the Clouds, According to r q.
Dun u Co.'S Weekly Review OF the eoa-
nifion OF F.ns1ce and Trade Thoaghoas
the Country-Business Trying to Push
-AheAd W.thoat WAitiag for Action as
Washington-The Weeks FaIiurrs, Etc.
NEw Yong Ann ,o-p n Dnn A
r. ;. ,..,.I-. tS ;,
-. reVie" OF eraoe' Puoiisneo
TINS morning. says:
There Is G riff in the clouds Faint and yse
definite signs OF improyeuieut are al the bet
fer because they COME not from possibly de.
Iusive hopes or frorfi ,nionetsrs fpfeisn aid but
frop the good sense and wonderful recupefa:
rvspower Of the people themseIvesA BusinSss
Is trying to 70 ahead Without WAITING for
Washington Imported gold % 900 900 or more
during the week does not 70 70 the right SPOT.
but the people ara creating homemade cur.
rency for themselves by using certified checks
In paying hands selling local accounts and
purchasing grain and cotton The bank circu-
lation has increased e. .ooo, ,ou but the decrease
on deposits Of national banks alone from May
I'd July l. was siaa, ioe sss and during the past
month Withdrawals have also been heavy.
Little money comes back As ret from timid
holders and the paralyzinR efYeci on exchange
Is nearly as eomplet, q ever. but that very
fact pushes each section and CITY into re1yfnx
more on ifself AMI NOT on the government
Many concerns ar, failing and closing. but re-
sumptions are becoming somewhat frequent
and in the very shrinkage of production men
see that demand must soon overtake supuly.
Pig iron does not rally. but sells az slf here
and si3 at Pittsburgh for No. l. though the
weekly OUTPUT has been reduced IS per cent.
since Nav. but larye iron and steel works aks
terinpfng to resume operatfons. Though s
have IA led and % stonned durinp the ,reek IL
have resumed
Only \ third O, the Conuell,y,lle coke ovens
are at yor,, b,t co,xe AZ a ., gives a better
chance TO iron manufac,nrs
Sales OF wool in seven weeks have been only
I.15OOOO pounds. AGAINST s OOo ooo pounds last
year and II is stated that % Oooloons and S3o OU
spindles I'm New England are nov itle. which
means more than onarter Of the Cotton snin
dies of the country. INIT tveotv nixht mills
and five other cotton and voolen mills have re-
sumed while twentv-eiuht have stouned and
one failed during the week. Somevhat FEWER
cancellations are met In dress goods orders,
and there is more buyine of fan woolens.
Shipments OF boots and ,hoes from Boston
since the end Of June have heen tes sts cases.
against 57s 3,5 last year a decrease of III. per
cent; but little more demand for goods is
now seen and some factories near Boston and
PhiladeIphia have resumed with the shrink
age n the great industries IL IL only surprising
that railroad earnings do mot decline more ths
decrease on roads reporting IN August thus faf
being II per cent. The decrease Of 81 per cefit
in clearings outside Of New York last week
und 20 this week Is natural.
The receivership for the Northern Pacific had
been so fully discounted that It produced little
effect in the stock market thouyh this Is { he
third great railroad default this year and the
aggregate stocks and bonds OF the three rolds
amount to s650.OoOOO. Prices Of securities
have increased comparatively little. the aver
age for railroad stocks being s43Is. against
s45 last week. and trading has been dull. Spec
ulRtiye markets have generally declined Q
fraction. in spite Of crop reports. which are
not solid enough to outweigh great stocks In
sight Cotton fell o quarter OF q cent with
somewhat better reports OF probable yield.
Wheat drags near the lowest figures ever
known in spite OF decrease In visible supply
for though western receipts are not large the
stock on hand Is far beyond tho power Of spec
ulators to carry with money markets in their
present condition. The movement Of corn Is