The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-01-05
DuN'S OMMER GAL REVIEW.

chases Reflect the Hard Times, Etc,
New YORK, Dec. 29.-R. q. Dim &
Co.'S weekly review of trade issued to-
dav says:
Commercial failures in 1894. already
reported to L. G. Dun & Co..number
14,292. against Is, 242 last year, with Ii
abilities of Sl63, 23s. 4O4, against S346.-
779,SS9 last year.. Next week the final
report for 1894 will probably include
about 400 more failures, with liabili-
ties of about 81, 200, 900. From these
accounts, banks and bankers, financial
and transporting companies are ex-
Guided.
Manufacturing failures already num-
Der ESQ, against 3,422 last year, but
liabilities are only S64, 491, 2S7, against
Sl76,9S2,0 91 last year. The trading
failures already number 1874, against
1l,5l2 last year. but liabilities are only
SS7,s9S,O57, against $3.50, O62, 1873 last
year.
The statement by sections shows q
decrease of about two-thirds in de-
fauited liabilitics in the middle and
central northern S y one-half in
the west and southwest, and a third in
other sections.
Holiday trade has scarcely met ex-
~pectations. Purchases have been uu-
merous, but smaller than usual in
mount and more confined to needful
articles, thus anticipating ordinary
trade.
The volume of business Represented
by clearing house exchanges is ~ per
cent. larger than last year, but 21.s per
cent. less than the year before, and the
daily average for December has been
IL per cent. more than last year, but
25.2 less than the year before.
Wheat has declined a half cent,
though western receipts have been
only LIZ, 90S bushels, against 3,1O9, SCI
for the same week last year; but since
August l receipts have been a little
larger than last year, and the visible
supply is the largest ever known. EX-
ports in December from both coasts
have been a little larger than last
year, but for the crop year about . ,OOO,-
600 smaller. The western estimate,
usually regarded with most confidence,
10 ihaI Nv SIOp Will TCdCI lO.bUD,O OO
bushels, which will leave for export,
with the stocks brought over, more
than 200, 900, 600 bushels, of which only
$1,000, 900 bushels have gone abroad.
Corn has declined three-quarters of
a cent, with good receipts.
The price of cotton has not changed,
but the fact that receipts from planta-
tions this month have been greater
than in 1891, while stocks in sight here
and abroad are larger han at the same
date that year, is an obstacle to any
rise.
Revision of prices for cotton goods
have been the controlling feature since
the great auction, and wide sh~eetings
have been marked down about 10 per
cent, while changes all along the line
are expected. 1t is no longer disputed
that the consuming demand has fallen
below expectations and below the pro-
auctions which mills kept up in the
hope of increased consumption.
Very little has been lone in wooden
goods, all waiting for developments
after January [, when new duties take
effect. Low grade o~vercoating already
opened show little change, and in dress
goods one or wv cases of slight adj
vance are noted. Sales of wool this
month have been II, 500, 500 pounds,
against 49, 49, 1877 last year n 81, BOZ
300 in 1892, and Ohio has sold at II
cents.
The market for iron and steel is
waiting, but the reduction in wages
at the Edgar Thomson works, aver
aging Il per cent, plainly indicates
the same difficulty which is seen in
other quarters, that the demand for
consumption does not answer to the
increase in production of pig iron.
The shipments of rails for eleven
months are reckoned at only 10000
tons, of which only 2OO,O 900 tons are
for new roads. Numerous projects for
steel buildings are under considera-
ton, but 10 important contract is
reported. 1t gives some encourage
ment that the Bethlehem works nave
secured n contract to makes rmor plate
for Russia. but the order for cast pipe
for japan is still in doubt Prices have
scarcely changed during the week,
though Bessemer pig and billets are,
if anything, a shade weaker. There is
larger demand in nails, but in hard
ware, machinery. engines and railway
stocks and materials the business is
much depressed.
Shipments of boots and shoes from
Boston have been 640,4 cases in the
past two months, against 5s4, 239 in
1892. hitherto the largest year, but the
difference about prices still checks OPP
erations.
Money is still coming to this city in
a steady stream, and exports of gold
for the week are expected to be about
60, SOC, 900. The dissolution of the
bond syndicate, on the ground that tho
pending currency bill has destroyed
the market for bonds is the most inn
portant event in financial circles, and
is liable to have results of some conse-
quence.
Failures in three weeks of Decem-
Der show liabilities of S10,6a1 ,9S7, OF
which s.. 500, go were manufacturing
and S., ISL, 419 of trading concerns.
The failures this week have been $50
in the United States, against 81 last
year, and Al in Canada, against II last
year.