The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-10-27

1Ise Coats With Exports Of Gold Instes1
~ froducts. the Salient points u the
Business lltnatlon-Uifh uany Features
81 kncourHgemsnf Business Has Not Yet
Ansuercd E~zpecfatione-
NhT YonE. Oct s0-R. @. Dun 4
Co.'S weekly review Of trade. issued 20
day says:
Cotton, below 9 cents, and wheat be-
low IS cents, each lower than ever
since present c~lassi6cations were
known, with exports Of gold instead
OF products At such prices in October.
are the salient features in business this
week Distribution Of goods to con-
sumers goes on fairly. with gains at
nearly all points in comparison with
last year, but not yet at a rate 70 sus-
tain the present volume Of manufac-
turing production. 50 that prices
weaken . little. The domestic trade
represented by railroad earnings is "a
per cent. less than last year, and 1874
per cent. less than in 1892.
The payments through the principal
clearinghouse for the third week Of
October are IS per cent greater than
last year, but SIS per cent less than in
fs02. The daily average for the month
d Sc per cent. larger than last year,
but 2s.e smaller than in 1891.
With many features of encourage
mcnt business has not yet answered
expectations, and 4. Is evident that
the loss Of part Of the corn crop and
the unnaturally low prices Of other
staples affect the buying power Of
millions.
Wheat for October delivery fell 70
1Lft cents on Wednesday, and, In spite
of some recovery, the average for Octo-
Der thus far Is 2 cents below the lowest
monthly average ever made, which
WA In September, and was nearly 10
cents below the lowest prior to this
year, the October average being 50
cents below that Of October, 1891 or
1890. Western receipts are only 4,7OO,-
SOL bushels for the week. against g.
O6l ,s33 last year. and Atlantic exports
63f,Oe4 bushels, against ooS, $40 last
year, but the controlling fact Is that no
-denand Is yet promises n clear away
the enormous surplus.
Corn declined one-half cent during
the week. with receipts not a quarter
of last years, and exports not q tenth.
Pork products were somewhat weaker,
with larda quarter lower. Cotton sold
at s.e4 cents on Thursday, and with Al
1ison's estimate that the world will
consume $4,000 bales American, the
stock of 100000 bales in sight. and
tie estimated yield Of over 1900, 900
bales deters buyers.
Domestic exports from this city In
two weeks of October were 10 per cent.
less In value than last year. While the
increase in value Of imports has been
q per cent, much Of the decrease in
exports Is in price, but in August and
September the quantity Of wheat de-
creased over 9 third. Provisions and
cotton gained, but oil decreased, and
in miner products exports in Septem-
Der declined 10 per cent. The increase
in imports. exclusive of sugar, was
over IS per cent. in September,
and In two weeks on October
int New York over 43 per cent.
With this heavy increase in purchase
and q decrease in the sales of prod
ucts abroad. the market for foreign
exchange Is IN q position TO be quickly
affected by Withdrawals Of capital or
approximations regarding the future
peace of Europe. To $4,000 gold
shipped Tuesday It Is expected that as
much will be added to-day. II APP
pears that three trust companies here
now hold over 40. 600, 900 idle money,
and that eastern mill loans are being
taken from New York by New England.
banks. while the northwestern demand
Tor money is unusually small. The
treasury IL again falling backward in
reserve. and large imports yield a lit
tie less revenue than. last year, while
internal revenue for the past three
weeks is -, COO, 600 smaller than q year
ago.
The dry goods business and textile
Industries were especially favored by
the demand in August and September.
In mems spring goods there are few
small orders. and, while fall orders for
-suitings continue good. the demand for
cloakings has been reduced by the
strike Of cloakmakers.
Sales of wool have for three weeks
Of October been 15.it7,409 bales,
against s.3f4,4 52 last year. and 1885,
DOo in 1872, with markets dull and
prices barely maintained.
The boot and shoe trade is doing re-
markably well, shipments from Boston
for three weeks having been 252,5e5
cases. against 10s. 564 last year. and
24s.s 500 in 1892.
The iron and steel business makes q
better showing this week. Bessemer
pig having stiffened to 5000 at Pitts
burgh. and at Chicago and New York
structural and bridge orders have been
placed. but bar iron has fallen to 90
cents for common and 81 for steel at
Pittsburgh, which are prices below
those current in Great Britain. There
is . good demand for sheers and some
good bridge contracts are reported
The Pennsylvania railroad reports its
material account so per cent less than
ahnt Of last year 70 date.
The failures in October thus far have
been quite moderate in strictly COM
mercial lines, the liabilities amounting
10 ss,sei, e87. Of which 81, 79S, CSC were Of
manufacturing and s1,o96. 6S6 Of trad
ing concerns. Some failures of bank
dng. investment and loan concerns not