The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-11-09
w.-KLY TRADE REVIEW.

r. IT, Dan & Co.'S IN mi of tie Condi-
tion of business Throughout the Coun-
try-An Apparent Time of Waiting and
Uncertainty, Which May Continue for
Several w~eeks-Heavy Grain Movement
Helping Railroads, But Earnings Not
Materially enhanced.
NEW YORK, Nov. 2.-R. G. Dun &
Co.'S weekly review of trade says:
The rapid recovery of cotton and the
rise in sterling exchange to the point
at which the last exports of gold were
made have not increased confidence.
There is a little better demand for
most manufactured products, retail
distribution is fairly encouraging, and
h closing OF many works is less
significant at this season than il
might De at Others. 1t is a time of
waiting. and uncertainty may naturally
continue several weeks. Cotton spec
ulatiOn turns for the moment on the
disposition of holders to keep back
their cotton, which may compel higher
prices, some say, however large the
ultimate supply may be. Receipts are
at present very small compared with
last years, and il Is stated hat banks
here have more money loaned on cot
ton to enable holders to keep it with
out marketing than eve before. EX-
ports and takings of spinners are
small, and stocks abroad and here are
so large that may be better
able to wait than the borrowers from
banks.
Wheat has declined IA cents and
corn "a cents, in spite of many adj
verse reports about winter wheat
The present large shipments from
other countries, the small Atlantic eK-
ports-in five weeks only 1892, sol
bushels, Hour included, against H.
724,3 O2 last year-and the western re-
.ceiptS-for hve weeks 81, 7O5, ass bush
els, against 70, 600, 973 last year-aifect
opinion more directly than ideas
about next years yield. Very
large estimates of the corn
crop have depressed prices, al
though exports have been in five
weeks l3,2l2,S2I bushels, against f.
s23.G4S last year, u fact which has its
weight in the wheat market also.
Pork and lard are not much changed,
though hog receipts and packing are
heavy.
The heavy wheat and corn movement
helps railroads, but the earnings thus
far reported for October-5.3 pei cent.
larger than last year, the third week
showing less gain than the others
are "a per cent. smaller thar in 1892.
The larger demand for manufactured
products has held prices of cotton
goods, aud even advanced some prints,
i'll spite of last weeks decline IN cot
ton. The mills are said to be carrying
only moderate stocks. More activity
is also seen in iron and steel products,
though Bessemer Il Grey Forge bill
lets and plates are a little lower, and
the average of quotations given to-
day is 2.75 per cent. lower than at
the highest point September II,
and L per cent. lower than in
October three years ago, and there
is also a shading of quotations to
C good business. Contracts for
lake ore hang fire because wheat pays
81. 25 for the room OIL which ore would
pay 81. ~ from the head of the lakes.
The nail combination reduced its
November output to a third of its
usual quantity, and the rail output
this year has been only about One
half the quantity required for renew
ais alone, which shows the enormous
increase in use of steel for building
n other purposes. Minor metals are
a shade weaker, and American tim
plate makers are talking Il great deal
of better business by selling 10 below
the price for foreign plate.