The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1896-02-29
OUN'S fRAOE REVIEW.

The Restoration of the Treasury Reserve
and the Rise in Bonds Strengthens Pub
lie Confidence Without Any Apparent
Disposition to Expand Business-Price
Of Commodities as a Whole at the Low
est Average Ever Known.
New YORK. Feb. 22.-Dun 81 Co. in
their weekly review of trade this
morning say:
Liabilities IN failures during the
first two weeks Of February were
$3.50, 1913, against $3.50, $50 last year
Manufacturing liabilities were S3,l63,-
9s6, against Sl,592. $40 last year. while
trading were So, S42, O53, against $685.
Ol9 last year. Failures for the week
have been $50 in the United States
against 3O2 last year, and 66 in Canada
against SO last year.
The restoration of the treasury re-
serve has been effected with remark
ably little monetary disturbance. The
rapid rise in the price of bonds
strengthens public confidence. Prompt
action in the house on the silver bill
has helped to increase foreign conf
dence in American securities. In no
AApAS "AoASl Va DuSlHCSS ID IutEt
yet apparent much disposition to ex-
pand. Prices of commodities as a
whole are now at the lowest average
ever known, though only one-half of
one per cent below the average of
September ), 1895.
Hides, leather and their products.
textile goods and iron products have
hppllnpd rnr1nh S1nn. fEn+ ln.a .-A
meats are also lower.
Receipts of wheat continue heavy and
depress prices, February delivery to
T2$I, although what is nominallv called
a cash price is ~ cents higher. Corn
Is D cent lower for cash, western re-
ceipts having been large. Cotton
again declined a quarter cent, with large
realizing, reported sales aggregating
a million bales for the week. Specula-
tive estimates are persistently re-
peated, but receipts do not favor them,
nor is actuaal consumption
ing as declining prices Of goods show.
In almost all manufactured products
decline continues, though in some
classes quotations are SO irregular that
the change cannot be accurately meas
ured. Bessemer pig iron and grey
forged are a shade lower at Pittsburgh,
and structural beams and products are
comparatively small, and some fur
naces in hat region have been banked.
Textile manufacturers fail as vet to
meet the demand expected and prices
are generally weak, open reductions
averaging we per cent. for cotton
goods, and since January l, about
nine per cert Dress goods and blank
cts are in fair demand, but mems wool
ems are inactive, and actual transac-
tons are IN many cases five to ten
cents below open quotations. Sales of
wool for the week were 81 per cent.
smaller than last year. Prices do not
decline, as the foreign market remains
strong.
The volume OF domestic trade re-
fiected by clearings is 33.7 per cent.
larger than last year. Railroad earn
ings in February thus far are 1876 per
cent. larger than last year. Stocks
weakened until Thursday, but then
advanced and closed about eighteen
cents per share higher for railroads.
Exports of products in two weeks of
February AVE been sever per cent.
than last year, with prospects
increase in grain. though cotton
bills are growing fewer. The imports
no longer show the increase formerly
observed, but for two weeks have been
Is per cent. larger than last year.