The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-02-16
oUN's COMMERCIAL REVIEW.

Advance IN the .IrlceS OF MANUFACTURED
Products and But Little in Cereals
Stocks a Little Better-RailrOad Earn-
legislatures.
NEW YORK, Feb. Or. e. Dun &
Cos weekly review of trade, issued to-
day, says:
a whole week. the confident eXpec-
tation of the sale of bonds, has kept
back exports of gold. Withdrawals
from the treasury amounted TO about
3, OOO, 600, but were mainly for domestic
purposes. No bond bill has passed or
is likely to pass congress, and in the
two months ending with February l.
the treasury actually lost SCI, 200, 600
in gold, of which 80. 400, 900 went
into circulation and SIC, 300, 900, besides
the product of the mines. went a abroad.
How to arrest this Outgo in either di-
r~ection is a problem which another is
sue of bonds may possibly solve.
1t is hoped that the negotiations with
foreign bankers may secure some i'm
provement, though it is clear that
sales of securities here will have
the same effect as if the bonds
were placed in this country, and they
may not be stopped by the new trans
actions. In other respects the do
nestle money market is decidedly en-
couraging, with n fairly hopeful in
crease in transactions of commercial
pa per. though receipts of money from
the interior continue surprisingly
large for the season. The condition
of industries, if not definitely better,
at least presents some points of en-
enlargement.
No advance in the prices of manu-
featured products indicates a better
demand. On the contrary. iron and
steel products have slightly declined
for the week and for the month,
and in comparison with prices of Octo-
Der, 1890, are but "a per cent, against
54.S per cent. January 1. During the
week the demand has been checked by
the higher prices at Pittsburgh, so
that bessemer iron receded a little,
while structural products, in spite of
some large contracts, are 4 shade
lower.
At Chicago things are brighter, pig
iron is in better demand and fair Or
| utTS are COIlllIlB VI u DdI. u u
tural orders are delayed by severe
weather. Tin has been lifted a shade
by speculation, and lead is steady, but
copper is slow of sale, and weak at 9.S
cents for lake.
The difficulty in boots and shoes has
not been removed. Although deliver
les on past contracts are larger than in
| a,y- rrar-in,Y. N-aor Sipna I1nr1Drp I not
many are running to their full capacity
and orders are restricted in some
grades.
In cotton goods there has been a re-
duction in some brown sheetings,
while other qualities are moving fairly
at unchanged prices. n large auction
sale of silks resulted in prices about 10
per cent. below the recent market
or September prices. In woolens the
openings of the finer grades for the
heavyweight season have brought
some increase in business, but not at
satisfactory prices.
Sales of wool thus far this year have
been 17,SOS,66 pounds domestic,
against l2.J21, 800 last year. but of for
eign IL. 3OS. $50 against 1854, 800 last
wear. 1t is noticeable that sales of
foreign wool have not been materially
larger this year, without duties, than
they were in the same weeks of 1898 or
1892.
No improvement in the prices of
farm products has resulted from the
somewhat active speculation during
the week, wheat being only half a cent
higher than a week Ago. with western
receipts only 1921 bushels, against
2.2t0,2 56 last year, while exports have
been a little smaller. Receipts of corr.
have been small, but prices have
slightly advanced. Prices of cotton are
unchanged, although the receipts con-
tinue unusually large for the season.
The market for cotton goods does not
appear to have improved abroad, as it
does not here.
Speculation in stocks has n little
early in the week, and railway stocks
closed - cents lower with the week.
Railroad earnings show a slight i'm
provement for January, as far as they
nave been reported, amounting to "a
per cent, compared with last year, but
are 1873 per cent. smaller than in 1895.
Returns from indianapolis and st.
Louis both show an increase
of movement. The most i'm
p~ortant event is the appointing
of receivers for the Norfolk x West
ern, a road of l, $50 miles, with $50, O72,-
922 Indebtedness and ST., 500, 900 stock.
While this has been in a measure ex-
pected, it is likely to have some effect
upon foreign holdings of American
stocks. Since the sales of bonds to
foreign bankers tend to increase sales
by foreigners of American railway Sc
curities, this may be important
The failures reported for the month
of January show an aggregate of sl5,-
1O3. 292 liabilities, against SEQ. s43, Oss
last year, and in manufacturing only
So. 72s, 5s7, against S11, $50, us last year.
while in trading the liabilities were
Sl1, O55, los. against Sl7,2S4,5s7 last
year.
The remarkably large decrease in
manufacturing failures deserves the
more attention, because prices of man
ufactured products have SO greatly de-
clined during the year, and the output
has been greatly reduced.
Failures for The past two weeks have
been PSI in the United States, against
3sa last year; ard IS in Canada- against