The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1898-01-29
DUN'S WEEKLY REVIEW,
FAILURES IRE CONSIDERABLY SMALLER
THAN WERE EVER KNOWN BEFORE


The Rise of Wheat Above a Dollar in
| Regular Sales Was Not Accompanied by
Signs Of Speculative Excitement...I'e
semer Pig Cents Lower at Pittsburg.
R. G. Dun L Co.'S weekly review Of
trade Saturday says:
With volume of business remarka-
BILE for the time Of the year 80 per cent
larger than year ago, and 1914 per
cent larger than 1892, in payments
through clearing houses, it is not dis.
couraging that one or two industries
arc tagging. The demand for most
goods is very heavy for the reason man.
utacturing works are better employed
and orders booked, and the prospects
for the future are moro encouraging
than at this season in any other year
Of which equally definite records exist.
Exports of products continue surpris-
ingly heavy in spite of some rise in
prices. Treasury receipts from Gus.
toms were larger in twenty days of jan
uary than in the entire month of Octo.
Der or November, and apprehension re-.
garding the monetary future is no
longer felt outside Of speculative cir.
Giles. Failures are considerably small.
CT than were ever known at this season
both manufacturing and trading less
:han half last years. Railroad earn
ings in January thus far reported have
been 17.6per cent larger than last year,
and 1913 per cent larger than in 1892.
The rise of wheat above dollar in req
ular sales was not accompanied by signs
OF speculative excitement. In fact the
continuance Of extraordinary exports,
2,N7, 705 bushels, flour included, for
the week from Atlantic ports, against
1,573,2l6 last year, and for three weeks
5000, 493 bushels, against $3.50, 532
last year, besides 4,O13,9 $40 from Pa.
cidc ports for three weeks, would give
excuse for high prices even if the corn
exports were not enough to suggest
general foreign need, amounting to o.
270, 1879 bushels, against 10, ia, 293 for
three weeks. The fact that cargoes of
corn were shipped during the week to
Egypt and Russia, the very countries
upon which Europe most relies for
breadstuff', next to the United States,
affected trade not unreasonably. !.
just when unprecedented production
OF pig iron was causing weakness, ex.
tEaozdiaary demand for finished pro-.
ducts appear. For this season, at least,
the general demand is beyond precedent
including 100000 tons steel rails for
the week, and 100000 already this
year, orders for plates so large that
Pittsburg works send away some to
other concerns, unable to fill oil they
receive orders for; on excellent demand
for sheets and fair for structural iron.
Nor does this demand spring from
efforts TO combine makers of wire and
its products and makers of tin plates.
Prices Of all finished products are sus.
taiued by the demand though BESSIE
mer pig is five cents lower at Pitts.
burg, but pig at Chicago is strong,
with some production of flushing
forms delayed by its scarcity. Tho
great strike of operatives in cotton
mills in New England is as convenient
to mill owners with their heavy stocks
unsold as if they had ordered it.
Probably it will last long enough to
work off stocks and the print cloth
market is already about l per cent
stronger, while q slight advance in
some other cotton goods. With very
stagnant markets for wool sales amount,
ing to only 15,509,2o3 pounds at the
three cities, which reported over 49,.
100000 in one week of September,
and IS, $50 in four weeks, the inquiry
for round Its is mainly for three
eighths and quarter blood, suitable
for cheviots, but have resulted in little
dealing. The mills have taken salts.
factory orders for such goods, proba.
bly, not without knowledge where they
could get the wool, aud the goods
movement is distinctly encouraging,
though quotations Of the higher priced
heavy weights arc still deferred. But
very large business for the coming
season is already assured according to
reliable accounts entitled to confidence
Failures FOR the week have been 376
in the United States, against 400 last
year, and 50 in Canada. against G5 last