The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-07-06
puN's COMMERCIAL REVIEW.


to-day, says:
The half-yearly report Of failures
next week will include about $500,
against 7,O39 for the first half of last
wear. and liabilities of about SIS, OOO,-
600, against SOL, SIS, 152 last year. But
for the CordaGe concern, the aggregate
would be nearly % per cent less than
last year, and the manufacturing la
bilities &c per cent. less, but including
it, the manufacturing liabilities will be
about $40, 900, 900, against S4l,316,lO2
last year, and the trading S45, DOC, 600
against So, 345, 97S last year., while
miscellaneous liabilities were only
s., zoo, 900. against S7.S56.072 last year.
The liabilities for the second quarter
will be about S4l, 600, 900, against
SAT, OS1, 6SS for the first quarter this
wear. but SS7, $685. 73 for the second
quarter of 1894.
Railroad receiverships cover eleven
roads, with 1856 miles. S109, Csc, 4lO in
~deb.edness and SS7, 42S, 531 of stock.
Failures in Canada have been about
LOO, against 1,O42 last year.
Failures for the past week have been
256 in the United States, against PA
last wear, and - in Canada, against 50
last year.
Business is better, although the
crop outlook, affecting prospects be-
yond the near future, is a little less
distinct. There is more ground for
doubt about winter wheat and cotton
H. ---11- a-1 nn1 throCh1np rp.
ceipts are comparatively low, though
prospects for spring wheat are exceed
ingly good. The price, one-quarter OF
a cent. lower for the week, is beyond
mistake too low, if the latest impress
sions Of injury to winter wheat are
correct, and receipts for the week are
relatively small, but for four weeks
have been 5,166, 414 bushels against
5,7s4, SOS last year, while Atlantic ex-
ports, -four included, have been for
four weeks 4,912, 729, against 7,444,OO2
bushels last year.
Corn has declined a fraction and
pork is steady. Cotton has fallen
three-sixteenths to 7 cents, in spite of
reports of serious injury by rains in
Texas and Louisiana. A little buying
by northern spinners surprise the mar
ket, for their takings have beer more
than enough for the years consump.
ton, and British returns show a great
decrease in exports of cot ton goods.
Speculation has wen spread to the
wool market, and, with an dvanc OF
about 1 cent in prices, the sales have
been the largest ever known in any
week-l4,O 67, 300 pounds, against g.
s35, GOO in 1892. In our weeks of June
the sales have be been 16, 1872, 465 domes-
tic and 17.451, 500 pounds foreign,
but in 1892 they were 10, $40, 700
domestic and 1O,427, 800 foreign. A
growing belief hat the domestic clip
is short, and an idea that the coming
London sales, beginning July ,, will
show higher prices, have been more
potent than a little increase in the
manufacturing demand, and the prices
have risen in all markets. Light
weights and mixed goods hesitate,
and some are lower than a year ago,
but since the Washington mills opened
CLAW worsteds at a slight advance.
other medium and better grades have
been stronger in tone.
The labor troubles are passing with
frequent advan ces in the rate of wages
paid.
Copper has been strengthened by a
large sale of Calumet and Hecla for
export at 1919 cents, which is now
quoted; while tin is slow at 14.15 and
lead at 3.27H cents.
Iron still advances, Bessemer selling
for S12.9O at Pittsburgh, and grey
forge at $40. so, a further advance in
structural forms is expected, the west
ern demand for steel rails at the adj
vance of s. per ton is quite good, the
rise in bar is maintained and plate
and sheet mills are crowded so that 1t
is difficult to place orders at current
prices.
The closing of its contract by the
syndicate raises the treasury reserve
above 500, 900, 900, but the certainty
that no more gold is to be imported by
the bankers makes foreign exchange
stronger, and if a large part of the
bonds taken abroad have been resold
in this country. deliverable as soon as
possible, as some believe, the heavy
merchandise imports at New York, 4S
per cent. larger than last year, against
i exports about3 per cent. smaller, will
render exports of gold altogether prob
able.
Money still comes hither from the
west in amounts averaging about
$3.50, 900 daily, and commercial loans
are enlaEging, particularly on iron
and other manufacturing paper. The
railroad presidents have again agreed
to restore rates which have been disas-
~trously cut for some time; but railroad
stocks have sharply declined about
1874 per share during the past week.
Prices of coal are not maintained, and
another meeting of the agents failed
to mend matters.
The volume of business represented
by exchanges through the principal
clearing houses is for the past week
35.s per cent. larger than last year, e
really surprising gain, and only II
per cent. less than in 1902, while the
average for the month is 2S.s per cent.
larger than last year and IL per cent.
less than in 1892. The return is highly
encouraging.
Finding of the United States Local Board
of Inspectors in the Colina Case.