The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-06-22
DUN'S COMMERCIAL REVIEW.

/ Generally-Eaiiures.
NEW YORK, June I5.-R. G. bun &
Co.'S weekly review of trade, issued to-
day, says:
1t is no longer a question whether
business improves. Not for a long
time have our reports from all parts OF
the country been so uniformly favora-
BILE. The daily average of bank clear
ings in June is 2A.s per cent. larger
than last year, though ia per cent.
less than in 1892. The most potent
influence has been the receipt of more
favorable advices regarding growing
crops. Even official statements
helped, because altogether less
gloomy than previous rumOrs. La
Dor troubles are getting out of the
way, wages in many establishments
are rising. and with the iron industry
just now leading. there is general i'm
%provement in manufactures. None
tary conditions also help. The time
draws near when, with good crops, ex-
ports will bring gold hither, and
though foreign operations in stocks
and bonds have been insignificant this
week, the effect of previous transac-
tions has not been exhausted. Much
diminished receipts of money from the
interior indicate better employment
in business, especially at the west, and
the volume of commercial loans stead
lily rises, and is now fair for this sea-
son even in n good year.
The government crop reports were
so much less dismal than was eX-
pected that they really extinguished
for a time a host of calamitous ru-
mors. The decidedly cheering out
look for spring wheat, which our own
and other private advices confirm, goes
far to balance reports of loss in win
ter wheat regions, and even this, in
the light of the demonstrated deficiency
of the official returns of acreage were
found far more encouraging than pre-.
viouS accounts.
Western receipts for two weeks OF
June were ,, ZIG. $50 bushels of wheat,
against 3.OO1. 2O2 last year, while At
lantic exports, flour included, were
only 2,364.Si7 bushels, against $780,
227 last year.
The official statement of AS per
cent. decrease in acreage was quickly
found, in view of the revised govern
ment estimates for last year, to mean
that more than q 1000, 900 acres now
growing cotton, which much exceeds
the best unofficial estimates. and from
an area no greater over 1900. 900 bales
were produced in 1891, so that the re-
port gave no aid to prophets of evil.
That some reduction would be well for
the south is clear, but the heavy pres
ent surplus will cover a larger loss
han seems probable. The price has
not changed, but transactions have be-
come insignificant, though weather
conditions are closely watched.
Manufacturers abroad, according to
Ellison, have stocks $50. 900 bales
greater than a year ago., and CONNER
cial stocks of American in sight are
still 1900, 3OS bales.
Cotton mills are doing we'll for the
eighth to a quarter in brown sheet
ings. drills. bleached muslins, ging-
hams and ticks are still reported.
The wool manufacturers look for
speedy settlement of the labor trou-
bles and find a moderate demand for
low and medium heavyweight goods,
while some of the cheaper lines Of
spring goods have been opened with
fiOurishing results, but as to better
grades there is still great uncertainty
about prices.
Wool sales for two weeks of June
have been 12,561, 9G5 pounds, against
II, $50, $50 in 1892; of which 6,791, 500
were foreign this year, against $780,
SOC in 1892.
In shoe manufacture the season for
temporary suspension is near, but
shipments from the asst for June thus
far have been IA per cent. larger than
in any previous year.
The output of pig iron June 1 was
but a trife larger than May l, 157,224
tons, against 156, 554 a year ago, and
174,O24 two years ago. The advance
in prices continues. Bessemer pig
reaching Sl2. 40 and gray forge S10.65
at Pittsburgh, and changes in all iron
products show an advance OF 81 per
cent. this month, and 1873 per cent.
from the lowest point in February.
The anthracite coal trade does not
maintain the improvement recently re-
ported. and with palpable overprOduc-
ton, bad faith being charged again,
the price has declined % cents.
Railroad stocks have gradually adj
vanced about o. cents per share during
the week, and earnings for the first
week of June show an increase of 81
per cent. over last year, while full re-
turns for May gained 7.3 per cent,
though 13.S per cent. less than in 1893.
Failures for the week ending June 6
are swelled by the Cordage statement
to SO, sol, 49s, of which 50, 622, 46s were
of manufacturing and 81, 1919, 900 of
trading concerns. Exclusive of Cord
age. other failures showed S1,641,49
of which 1862, 46S were of
manufacturing concerns. Last year
the aggregate for the week was
81, 5O7, OPS, of which S476,11S was OF
manufacturing and 81, s79, 261 of trad
ing concerns
The completed statements for May
show an aggregate of S9,56O, 2sl;
against 50, 7S7, gel last year.
Failures for the past week have been
241 in the United States, against 232