The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-01-19
DUN'S TRADE REVIEW.

AcaAs III HaJ MOL TOT Higher Prices
Increased Stocks the Result of Overpro-
duction-NO fall in Wooden Goods Under
the Decreased Tariff Duty-Stocks
Stronger. Etc.
NEW YORK. Jan. 12.-R. G.. Dun &
Co.'S weekly review of trade, issued to-
day, says:
Neither the beginning of the new
year nor the failure of the currency
bill has brought any material change
to business as yet. The idea that BUSH
ness would suddenly take a ne start
after the holidays had rather less foun-
'dation even than usual, but the hope
of strong revival a little later is still
cherished by many. The currency
bill, with its possibilities of vicious
amendments, was a source of appre-
hension to some, but with that out of
the way, the deficiency of treasury re-
ceipts and exports of gold do not cease.
Exchanges through principal clear
lug houses are 2.5 per cent. larger than
last year, but 24.2 per cent. less than
in 1893.
There has not been much time for
change in the industries, but differ
ences observed since the new year be-
gan are not in the direction of higher
prices or larger demand. There are
more Indications than of late that
stocks of different kinds of goods have
been accommodating in consequence OF
past increase in production.
In the boot and shoe manufacture,
increasing disposition to restrict or
'ders, where any advance in price is
asked, unsettleS the business, for while
,some manufacturers have orders for
six weeks or more. most of them re-
-quire further orders to run more than
about two weeks. The question whether
pricesnowdemanded for leather are too
high for healthy trade, may be deter
mined only after some embarrassment.
The cotton manufacture reports de-
creased demand, with print cloths
down to 2.62 cents; printed staples
much demoralized and lower, and wide
sheetings generally reduced about ~
per cent. Many quotations of cotton
goods are the lowest on record, the
weeks trade being quite unsatisfac.
tory.
Trade in woolens hesitates because
" IdTSc ulSJTlDuIlOh TOLh NdICuOuSC
under new duties, but little change ap-
pears in prices, and heavy woolens are
expected to open at about last years
quotations. The demand for dress
goods has been remarkably satisfactory
until within two weeks, but has fallen
of. Sales of wool, 5,236,715 pounds,
against A,s05, 500 two years ago. indi-
cate h~orefulness among manufactur.
'erS.
Speculation in products has been
more ac.ive. Corn has risen rs cents,
and the receipts are but little over
half of last years, the practical dis
appearance of export demands, hen
large, counts for about as much. Lit
tie attention is paid to the government
report hat the yield was only 1,213,-
600, OOOs bushels, and the advance es-
innate for wheat, 462. 267, 416 BUSH
els, was treated as equally
unimportant. As receipts of wheat
have fallen to l, 305, 740 bushels, against
1.SlS,5s2 last year, md Atlantic ex-
ports have become larger than a year
ago, the advance of IL cents in price
is not surprising.
SOIloh 10 oO ~" Ohob oNbASNAN NAJ
reason is needed for a fractional re-
covery, but with 1000, 900 bales already
in sight and the stocks abroad for
months, there is little to cause much
recovery.
Stocks have grown s~tronger-G2
cents per share since the first week of
the month, partly because there is
some investing of funds being distrib-
utcd, and anxiety about money has
sessened. Some good reports at the
end of the year have helped, and the
eff orts of associations to regulate
rates and prevent emitting. But earn
ings showed a greater decrease-5.6
per cent.-in the las. week of Deem
Der than in that month. and in Janu-
AIRY thus far are 81 per cent. below
last year.
Tonnage reports show a surprising
decrease east-bound from Chicago,
IS9, 629 in five weeks, against 459, 252
last year; and the movement for the
last two weeks at indianapolis also
shows a decrease.
The customs receipts for six days,
Including the two days in which heavy
withdrawals OF WOOleHS ITOun ware
house were the feature, amounted to
81, 700, $40; but the total receipts for the
month nave been only IS, 77S,3T5,
against expenditures of sl4,O54,6O7
About S575. 900 worth of sugar came in
last week and when stocks on hand are
exhausted a larger reyenue from
that source may be expected. But
while the general consumption
of the people is still restricted,
revenue must prove deficient. There
are also further Withdrawals IN for
.eign account, s., $780, 900 gold going
abroad, besides 81, 00O, 900 taken into
banks. There is o money coming
in from the interior, and the business
of the country does not yet afford
lar ger use for it, so that no gain ap-
pears in commercial loans 1t is a
mos significant fact that money still
comes to this center largely during the
first two weeks of January.
Failures for the first three days OF
che year were rather large, as is
natural, with liabilities of Sl,622.2O3,
of which sa66. 331 were of manufac-
turing and sI,347,S7s of trading con-
Germs
Al