The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-09-01
tDUN's COMMERCIAL REVIEW.

All Lines of Business and Manufacture
The Damage to Corn. Though Severe
Not So Bad as Expected.
New YORK, Aug PR. G. Dun &
Co.'S weekly review of trade issued to
day says:
Changes during the past week have
not been definite nor very complete
As the presidents final decision re
garding the new tariff is assured, bu
not yet certainly known, part of thu
hesitation which appears may b'
attributed to the uncertaint!
which must soon terminate. Othe,
conditions, if not entirely favorable
AVE at least not changed for the wors
during the past week. The injury t.
corn is less than many apprehended
but is still believed to have reduced
the yield about 500, 900, 900 bushels
The strike of coke workers and Goa
miners has ended, and while the lock
out of cotton operatives is important
it affects the earnings and livelihood
of a much smaller number.
The business so long delayed by
tariff uncertainties begins to come
forward, SO that transactions in many
departments are larger than of late,
and on the whole larger than at the
time of especial stagnation last year,
but it is still too soon to determine
how far the satisfaction of postponed
demands will set idle hands at work,
or raise transactions toward the normal
volume. But it is a healthy sign that
the gain thus far is gradual and not
~spasmodic or Eighty in appearance.
In all the great industries some in
crease in demand for products has APP
peared, and the boot and shoe trade
continues to lead others in recovery, as
shipments from the east not only eX.
coed last years largely, but surpass
those in August of previous years.
Economy appears here in purchases of
cheaper qualities rather than in pur-
chases of fewer pairs or cases. and the
demand is largely for speedy delivery,
rejecting unusual reduction of stocks.
In the iron and steel manufacture
the demand for finished products in
creases, but is at present not as large
as the capacity of the works which
have endeavored to resume operations.
A moderate increase is seen in the
wooden mills in operation, and agents
who have offered spring goods, gener-
ally at a reduction of about 12H per
cent. from last years prices. have taken
orders for considerable quantities; but
there is still great uncertainty about
the extent and effect of foreign COM
petition in may important classes, par
ticularly of the better grades of goods,
and as this must continue for months,
the adjustment to new conditions must
be gradual.
About ] 600, 000. 900 bushels is now the
more common estimate of yield Of
corn, which will leave nothing for en-
port, and, falling below a full supply
for feeding, will materially affect
prices of meats for the coming year.
Wheat has been stronger in spite of
favorable reports that a yield of $780,
pected. Receipts at the west for the
week were 1864, 22S bushels, against
9, 724, 140 last year, and Atlantic ex-
ports only 1,437. 435 bushels, against
. ,059, 424 last year.
Hog products are only a shade strong
err. Cotton fell a shade mainly on ac-
count of curtailment of consumption
by the strikes, but recovered. Ac-
from the south continue to
promise a yield considerably larger
hat of 1898.
Money markets continue to reflect a
legitimate increase of commercial de-
mand, which ome mainly from dry
goods commission houses, but it is
noted that although the last week of
August is at hand, the requirements
from the west and south for crop
moving purposes are by no means of or
binary magnitude. Foreign exchange
has been a shade stronger, though
domestic exports of products from
New York have been for three weeks
81, AT, 600, or 6 per cent. less than last
year, the decrease in imports having
been only $500, 600 in the same weeks.
Foreign capital appears to be doing
scarcely anything at present in Amer
lean securities, and the advance of 81
per share in railroad stocks and S1.40
in trusts this week has been due to
speculative operations on the floor.
Railroad earnings in August have
been 1 per cent. larger than last year,
but l4.9 per cent. smaller than in 1892,
although it is observed that in tom
mage many of the leading railroads are
now doing better than two years ago.
The treasury has gained a little in
gold reserve, though New York banks
begin to resent and resist the process
of drawing gold from them for cur
rency shipped to the interior.
A year ago this week payments
through clearinghouse dropped "a per
cent, railroad earnings 16 per cent,
thirty iron works stopped and half the
cotton mills at Fall River, and there
were 40 failures, of which only nine
aggregated liabilities of Sc, 400, 900.
The exchanges this week are larger
than last year by 1876 per cent al
though they are 1914 per cent. below
those of 1892.
The liabilities of firms failing for the
second week of August amounted to
only 81, 613, S6s, and for the last three
weeks to only s7,26a, O76, of which 81
$50, POS were of manufacturing, and So
1877, 329 of trading concerns.
The failures for the week ended on
the Gath were pa in the United States,