The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-01-26
DUN'S COMMERCIAL REVIEW.

The Continued Outflow of the Precious
Metal, and the Flat Failure of Congress
TO Make Provision for narrowing or FOL
insreased Reserve, Still Operates To Re.
tard "A Wholesome Recovery of Business
Speculation Active.
NEW IOEK, Jan. 19.-R. G.. Dun &
COS weekly review of trade, issued
to-day, SAYS:
There are sor1c good signs. but they
do not as yet extend to business gener-
ally, which hesitates as much as it has
Tor months. Gold continues to go
abroad. S5,55O,O0O having gone this
week, and the deficit of revenue
is already over $500, 900 for
the month. This state of facts,
with the failure of congress to
make provision for borrowing, or for
increasing revenue, still operarate to
retard a wholesome recovery, and the
volume of domestic trade represented
by exchanges through clearing houses
Is again about : per cent. larger than
last year., as it was in the first week
OF the month, but is 33.7 per cent.
smaller than two years ago, a higher
rate of decrease than for some time
past.
Speculation has not been exception
ally encouraging. Wheat has sagged
OFT a cent again, with western receipts
only about half of last years, The
departments estimate of 400. 600, 900
bushels. against less than 400. 600. 900
earlier in the season. points to a prob
ability that Tho nDEn,,n1 o&.z
have been nearer the fact. Western
receipts have fallen off of late, but no
longer afford definite indication of the
supply remaining, which some estimate
as $4,000, 600 smaller than u year ago,
although the price does not answer to
such reckonings.
Corn has declined tx cents, in spite
OF the very low estimate of yield, re-
ceipts being now larger than of wheat.
Cotton has remained steady at So
cents, with a fairly large movement,
but efforts of southern planters to con-
tract the acreage this year receive
some attention.
Petroleum has touched 81 again in
nominal price, but without activity.
Embarrassment in boots and shoes
does not lesson, and many manufac-
turers are getting near the end of their
orders, while the disposition to restrict
orders at the advanced prices de-
manded seem to be growing more
general. Shipments are nevertheless
larger than in any previous year to
date, 1863, 9l3 cases. against 49, $40 two
years ago. Leather is less active,
while in wool there are fairly large
dealings, 1O.GTs,S15 pounds in January
thus far, against l1.SST.S0O in 1893,
much of the increase being in foreign
wool. Considerable sales of carpet
wool are reported. and Il better de-
mand for territory, while Ohio M is
quoted at Il cents. The important
London sale of Australian has caused
some hesitation. The opening of
heavyweight woOlens is believed to in
dictate decline of 80 to 40 cents in
goods costing 81 or ever. and f2L to 20
cents in goods costing from 5? to 81
per yard, but many makes have not yet
been shown.
While there is much waiting in this
industry. there is evident a hopeful de-
termination to meet foreign COMPETE
ton. Prices of cotton goods are still
depressed, print cloths to 2I5 cents, the
lowest ever known, and leading ging-
hams to AZ cents, and transactions are
fairly large.
Exports from New York for two
weeks of January have fallen but
slightly behind last years, while i'm
ports are about 81, 7OO, 900 larger. owing
mainly to the increase in dry goods.
Failures this Year to January 10 were
in amount of liabilities 81, 522. 81, of
which 81, 133, 42S were of manufacturing
and S3,376, lO3 of trading concerns.
Failures for the week have been
373 in the United States against 4O7
last year and 90 in Canada against 46
last year.