The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-12-01
DUN's COMMERCIAL REVIEW.

Consequently Greater Purchasing Power,
Promising sim Better Things for the Flu.
ture-A Slight Premium on Gold Re-
corded.
New YORK, Nov. 24.-R. G. Dun &
Co.'S weekly review of trade issued to-
day says:
There are some changes for the bet
ter. The gain is slow. and in some di-
rections not very distinct, but the
signs of it are a little more definite
than last week. The most important
of them is larger employment of labor,
answering q better demand on the
whole for manufactured products.
Much of this is due to the unnatural
delay of orders tor the winter, which
resulted from ong-prolonged uncer-
tainty, but it means actual increase in
earnings and purchasing power of the
millions, and so gives promise of a
larger demand in the future. Prices
of farm products in the aggregate do
not improve, but the prevailing hope
fitness is felt in somewhat larger
transactions.
A little premium on gold, for the
first time since 1878, naturally excites
some comment even though it is only
the smallest fraction, and apparently
due to temporary causes. Undeniably
it reflects a disposition to hold gold,
without redeeming it's notes. About
$1,000, 600 has been drawn from the
treasury by redemption of notes, and
it is supposed that much more will be
withdrawn, perhaps after the award of
bonds, so that the first payment may
not raise the gold reserve higher than
it was a week ago. The upward ten
dency of sterling exchange points the
same way; the admitted need of bor-
rowing does not increase confidence.
But after the treasury reserve has
been replenished, greater confidence
may follow. 1t is expected THAI a syn
dictate will bid for the full amount of
bonds at a price making the rate 3 per
cent. or a little less, and that other
bids will also be large, but how much
gold the treasury will get or keep is
problematic. There is no improve
ment in the demand for commercial
loans, and money still drifts to this
center, scarcely any going south and
none west. There was a little selling
of stocks after reduction of the Bur-
lington dividend, and the average rail-
roads closed LOS lower for the week.
The wheat market has lost this week
the cent it gained last week, western
receipts being larger; and Atlantic ex-
ports are also larger-567,7 I'll bushels.
as against $50, 026 last year; but these
are of small account compared with
the great visible supply. Foreign re-
ports this week have been rather more
promising, though the fact remains
that the worlds crop outside of the
United States is probably the largest
ever grown. Corn has declined X
cents, receipts having much increased.
The foreign demand for cotton con-
tinues large, exports being $4,000 bales
larger than for the same week last
year, but receipts also continue greater
h a year ago, and for three months
will closely approximate those of the
same three months when the yield was
owe 5000, 900 bales. But the price
rose IN eighth.
Textile industries have added u few
factories to the working list, against
only one or two withdrawn. and there
has been Improvement in the demand
for woolens. More supplementary or
ders for spring have been received. and
colder weather has increased the de-
mand for heavy goods. Yet on the
whole the market is not active, and the
manufacture is much below the capac-
Itr of yrnrlyS Sn1nc ~ u-oD Co., H.
week increased again, though still far
behind last year, and for four weeks of
have beer 12,579, 300 pounds,
against II, 100, 521 last year. Since An
gust the sales have been II per cent.
more than last year, but 80 per cent.
less than in 1892.
Prices of cotton goods are more ir-
and some have declined, while
print cloths have advanced n shade.
The shoe industry leads all others in
full production. Ship
mentS from Boston have been for No
vember. thus far, 642, 9i3 cases. against
453. $40 last year, and $50. $50 in 1892.
The number of cases shipped has been
since January 1 than in any
previous year. In spite of the general
demand for cheaper grades. this is a
encouraging record, and while
factories have completed their
orders for winter and begun stock TAX
ing and repairs, many others have or
ders to keep them busy beyond Janu-
airy L.
The iron industry again records
prices, for Bessmer iron SIC. 40
at Pittsburgh, and for some manu-:
products The consumption
is large, and for the season, fairly well
maintained, but as it is not equal to
the capacity of works in operation.
heir struggle to get business keeps
prices at the bottom. 1t is reported
hat an American ship yard had secured
to build three armored cruisers
Tor Russia, which will give added work
for some years, and that a contract for
70, 900 tons cast pipe for Toxic may
De secured by a southern concern.
The failures for two weeks of No
have been moderately large in
mount. reported liabilities being &c.
SOB, of which 81. 713. 456 were of
manufacturing and s3.S3l.2 $50 of trad
ng concerns. For the same week last
rear liabilities were over 81, aOc, 900.
r1