The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-08-03
pUN'S COMMERCIAL. REVIEW.

The Slight Falling on from Recent Heavy
business Merely Incident TO the Season
Prices OF Iron and Steel Products still
Rise-IS-tter Outlook for Textile WORK.
ers-The Financial Situation Undisturbed
Failures.
NEW YORK July 97--R. G. Dun &
Co, in their weekly review of trade,
issued to-day. say:
1t is not the season for the tide of
business to rise, but there is perceived
scarcely any Shrinlkage except that
which comes naturally with midsum-
mer heat. Lateness of spring trade
throw heavysettlements into the second
week of July and clearinghouse pay
ments are now almost $3.50, 900 smaller
than in that week, but are 2l.1 larger
than last year. and only 60 per cent.
smaller than in the same week Of 1892.
The volume of new business is small
compared with recent months, but
large enough to encourage more open
ing of lOng-closed works and more adj
vances in returns to labor.
Important strikes show that the adj
vance IS o enough for some, but
seem not more threatening than a
week ago.
The small shipments of gold count
for nothing, and money markets are
undiSturbed.
Accounts of shrinkage in the yield of
wheat come both from Pacific states
and the Dakotas. It would be 4
strange and unnatural July without
such reports, and yet they have weight
enough this year to lead even the
most experienced to reduce somewhat
their estimates of yield, while the
price has advanced 81 cents this
week. Light western receipts-for the
week not a third of last years, and
for four weeks only 5,36j.063 bushels.
against II, 9S3, 6Io last year-strength-
ened adverse reports, because the
price a year ago was about 20 cents
lower than it IS now.
The western movement largely de-
peEdS on the export demand, which is
phcnomcnally light. Atlantic ship
mentS for the week have been, flour
included. only G71,5G1 bushels, against
els 9j last year, and for four weeks
only 3,5O0.5SJ. against 9,Sd5,722 last
year.
Corn advanced about a cent with
wheat, but has since lost all the gain.
Cotton has remained unchanged at
! cents. although the latest reports
| favor larger estimates of yield, a cir
cular by Neill going much beyond
other figures. 1t is somewhat signiti-
cant that the stock markets show en-
tire Indifference to crop reports, and
4 fin ,r,.a >, me- har-A st-nnr ly- - 4 w N ~ I
as If no inquiry had been rumored.
Prices of iron and steel products
still rise. the feature this week being
the startling advance of - cents per
Keg in cut and wire nails, with new
cards for various sizes which, it is
stated, make the advance actually
greater than it appears. Angles are
also Il shade higher and other
I prices strongly maintained. Besse-
mer pig does not advance, al
though the Carnegie and one
other company have been buying
about 40, coo tons, which is supposed
to ~foreShadow large contracts for rails.
In the first half of 1895 orders for rails
were 713,0OO tons, against 502, 600 in
the first half of last year, and a good
majority of orders appear at Chicago.
Otherwise there is a distinct halting in
new demand. though nearly all the
iron and steel works are crowded with
orders for some time to come.
Textile workers have Il better out
look with larger demand, both for
cotton and wooden goods. Il shade adj
h~varee in the price of piece cloths and
lnOst bleached goods and a more hope
ful market for lightweight woolens,
which. if scarcely advanced beyond
last years prices, are on the whole
selling better.
The financial situation is not dis
tUrbcd by gold shipments, o by the
large excess Of treasury expenditures,
amounting to about So, 800, 900. Re
ceiptS are naturally better i'll July
than in most other months. but eX-
psnses are also large. Money scarcely
begin, to 60 ont for crop moving and
the demand for commercial loans is
not aS !ar-t locally as it should be.
/, Failures for seventeen days of July
show liabilities of $500, T5I; Of which
81. gg3. 528 were Of manufacturing and
S3,9?;.>sl Of trading concerns. y year
a" corresponding reports scored So
3I1,G9i. OF which 81. were of
manufacturing and :. 4S3,O11 of trad
iG- concerns.
Failures for the week were 2O2 in
the United States, against 2+9 last
year, and - in Canada, against 50 last
year.
SECURED HER DISCHARGE.