The state republican. (Jefferson City, Mo.) 1871-1896, 1893-10-26
TRADE REVIEW.

TI,e Condition Of isusIhtss Throughout
Cue Country rs Reflected ThfGtgb II. g.
Dun q cos. Weekly Rcsicw- Much
Gain III Hope. Btt Ifttie In Actual
Is Btslness-Customs ana Internal Rev
cn"e Receipts Materially D6ctessed--
business Failures. Etc.
New iORK, Oct. 2i.-R. e.. Dun &
Co. S weekly review OF trade, issued to-
day, says:
Thcre has Lccn much gain In hope and III.
tic In business. Assurances that the repeal
bill will soon be passed have bcen received by
traders 80 u reason for buying things spccula.
tive at higher prices and with ttiuney abun.
dant on cnli-sss ,0JJO01 having been feoeiyou
in this city within ten Weeks speculation IN
stocks and products has an unr;ual stimulus
and would have expanded more hut for con.
tinued embarrassment of industries. Stocks
have gained during the week 65 cents per share
on the average for railroads, with sales OF
1000 900 shares
The receivership for the Union Pacific had
been anticipated. and the street reasons that
many other stocks are selling on receiver.
ship basis already, and that in general the
worst that is likely to happen has been dis.
counted
Wheat has risen "A cents, helped by heavy
foreign purchases. and In spite OF better crop
prospects corn Is rating stroyer. Pork has
been lifted so far that another collapse is
feared by some Petroleum has been advanced
cent dhd Brazil spectators nre supposed to
be utilizing lomb0rdments to increase the
value OF coffee.
with these good signs are some not so good
Renewals OF maturing notes TO n larger
amount are forced upon tho banks here though
practically all the clearinghouse certificates
have been retired here and al Boston. Bhsi.
ness is so slow that merchants are asking for
Few new loans, and yet the aggregate OF com.
mercial Indebtedness must still be large. Tho
state of the treasury eXctcs remark, its gold
surplus having fallen to Ss2. .35j. .7sg.
Imports are far behind those OF last year. ani
the accumulation OF goods in bond Is unusu.
ally large, so that customs as well as internal
revenue receipts decrease heavily. The root
OF the difficulty Is the decrease In consumption
OF all kinds, and in that respect the week has
brought no perceptible change. This shrink.
ngc appears less in cotton here than In some
other branches OF manufacture and during tho
week there was slight improvement in the
market for some goods But some large mills
which recently resumed have stopped again,
and while the number reported In operation in.
crcaSes. the condition OF the markets indl.
Gates plainly that few are working ut their
full capacity. The reduction of wages has
been general, and dO,s not tend to increase the
consumption Of goods The caution OF boot and
shoe manufacturers, It Is believed. has enabled
that industry to work into q safe position but
while the stocks OF dealers are uuquestiOnahly
very low. orders received are not enough to
fully employ tho shops in operation. Some
improvement Is reported and the decrease in
eastern shipments compared with last year is
but - per cent for the week. In silks, mixed
textiles and knit goods. tho situation has
not changed. and the demand is small.
In woolens, slight improvement is
perceived in orders given and the
number OF cutters employed, but about as
many mills are closing as resuming work, and
the sales OF wool at the three chief mills have
been 3,G2s,5OO pounds, against 6U33OD last
year. There has been some buying at the
west, and one or two carpet houses are starting
since the export Of 2s,OD rolls has upset the
English market, but II the home market were
in normal condition the exports would not now
have been tried.
The exchanges at the principal clearing
houses show decrease OF 25,5 per cent. for tho
week, which is less than appeared some weeks
ago though 1t may be partially due to the un.
usual volume OF payments deferred and now
made only in part.
The failures this week number 3i6 in tho
UR!ted. SLqtess, ,a2ninS ,%l0ln wear aud ~ in