The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-10-13
DuN'S COMMERCIAL REVIEW.

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Fairly Holding Their Own.
NEW YORK, Oct. 6.--R. G.. Dun &
Co. S weekly review of trade, issued to
day, says:
The lowest prices ever known for
wheat and cotton necessarily imply
somewhat restricted consumption OF
other products. With the chief money
crops OF the west and south sinking in
value, it is not strange that purchases
OF manufactured products are smaller
than was expected. Wheat has touched
the lowest point ever known for OPP
lions, and cotton the lowest ever known
in any form with the present classif-
cation, and the accumulation of stocks
in both products is d~iscouraging to pur-
chasers for an advance. Producers arc
compelled to sell at prices below the
ordinary cost of raising crops. and in
some western states there is also 4 Ia
mentable failure of the corn crop. Tn
der the circumstances it would be very
strange if the demand for manufac-
turcd products should be quite as large
as in other years.
Wheat suffers most from acculnula-
ton of stocks in sight, which are far
beyond what is usually expected for
the season, and the exports in Septem-
Der were unusually small. For the
first week of October Atlantic exports
were 1,O97,372 bushels against S63. TAG
last year, and western receipts We're
only 4,615,60 bushels against q, 130,6S7
last year, and these figures give some
encouragement, but have little inf1u-
ence in view of the unusual visible
supply. The price for cash wheat is a
small fraction higher for the week,
Pork products are weak in tone,
though only lard is quotably lower.
Cotton is one-eighth lower, the cash
price being the lowest known for
forty-five years, and, considering the
difference in classification, it is per-
haps lower than at any time since
1919, and estimates that the crop is
more than 10, ZOO, 900 bales are more
commonly credited now than esti-
mates of $500, 900 bales were two
months ago.
The condition of the industries Is in
some respects more satisfactory. Evil
IDENTIFY there is a larger demand for
iron products than there was Il month
ago, through the increase in output
has been somewhat greater than the
increase in the demand. so hat prices
steadily tend downward.
The boot and shoe trade continues to
deliver more goods than in any pre-
vious year, as it did in September, and
most of the works still lave orders for
one or two months ahead, although
mainly for low or medium-priced goods.
The new demand in dry goods is not
as large as it has been, and in spring
goods the market is called remarkably
dull, though there is relatively a good
deal doing in current orders for the
fall trade. Cotton print cloths are a
shade stronger, as the news from Fall
River regarding the duration of the
strike is less encouraging; but for
other goods the market is slow, as
might be expected in view of the
heavy decline in the raw material.
Woolens are less active, and. while
thNAS oAS SIlldll oIuClo III
fall goods, the demand for spring
goods is as yet not more than about
three-quarters of the ordinary guam
tity, and mainly limited to the cheaper
grades. In these the domestic pro-
ducers appear to be meeting foreign
competition quite satisfactorily.
Sales of wool for the week have been
1926, $50 pounds, against 6,27a,4On two
years ago. and for five weeks ending
October > sales were 24.279, 300 pounds,
against II, 13s. rs last year, and $780,
900 in 1892.
The volume of domestic trade indi-
Gated by the exchanges at the princi-
pal clearing houses is Ills per cent
larger than a year ago, but in compar-
ison with 1892 shows a decrease of 22.S
per cent. Railroad earnings thus far
reported for the month of September
are ca per cent. less than in 1892, the
loss being rather greater in the latter
han in the earlier weeks of the month.
In the money market more CONNER
on the whole the market is by no
means encouraging, and good single
name paper has been placed at 3 per
cent, the lowest on record.
The revenue of the treasury for the
first month under the new law is about
So, 900, 900 less than for the same month
last year, and there is a feeling hat
for some months to come, with scarcely
any imports of sugar or receipts from
the whisky tax the effects of the new
law will not be fairly shown.
Commercial failures in the third
quarter of 1894 have involved liabili-
ties of $40, SCI, 1913, exclusive of banking
institutions and railroads, against Ss2,-
AGO. 21 reported a year ago for the
same quarter, and for nine months of
1884 the liabilities have been S131 ,094,-
SOC, against S251, 1874, 265 last year. The
manufacturing liabilities were S12, 231.-
s92. against Sa3, COS, s64 reported a year
ago. and in trading S14, 13l, $50 for the
quarter, against SIS, Si4, 176 a year ago.
For the month of September the liza
bilities have been smaller than in
other months this year. only Sc, S91 ,12+
of which So. 9O4, 1873 were of manufac-
turing and S3,650,0 92 of trading con.
Germs.
The failures during the past week
have been 219 in the United States
against 800 last year, and 50 in Canada