The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1898-02-08
a GOOD SHOWING
In Actual Payments Through CLEARING
Houses in January-The Failures in Jam
nary Were Smaller Than in Any Previous

nary Were Smaller Than in Any Previous
Year.
New YORK, Feb. 5.-R. G. Dun &.
Co. S Weekly Review of Trade says in
its issue of Saturday:
Actual payments through clearing
houses in January made remarkable
showing, being much larger than in
any previous month, 1878 per cent.
larger than the same month last year
and IL per cent. larger than in 1892.
The failures in January were smaller
than in any previous year of which
there is record, and were probably
smaller than in any other January
since 1881. The statement by branches
of business given this week shows
surprising gain in most departments
of manufacture and trade. Meanwhile
the money market is as confident as
ever; @gold does not come from Europe
in large amount only because bankers
find it worth while to lend American
money abroad and the commercial bal
ances are heavily in favor of the United
States as heretofore.
Perhaps the most striking feature of
the week has been the decline in
wheat. With exports of S,O94,517
bushels ag ainst Ito $40 last year,
flour included, from Atlantic ports,
and 776, $40 from Pacific ports against
S44, 343 bushels last year, the temper
of the market has been weaker. The
report of the agricultural department
has had some influence, although it's
figures are not generally credited as
IL L.
largely upon the operation of a Chicago
speculator, but the fact remains that
the price depends largely upon foreign
needs and upon the comparative scar
city of the American supply. The out
go of corn continues heavy,
3,79S, 786 bushels against 3,343, 400
for the same week last year,
and the excess over last year,
when exports were much the greatest
ever known, indicates very heavy
foreign demand. The spot price of
cotton remains unchanged, but the fact
that receipts continue larger than dur
ing the same week of 1895, after the
heaviest crop ever known, checks spec
ulative operations for an advance.
The iron and steel manufacturer is
steadily gaining in consumption of pig
iron, although the production of the
material is still in excess of immediate
demands, but not enough to cause a
decline in prices in Pittsburgh or
Chicago. The demand for finished
products has been very heavy and in
cludes for structural work. 5000 tons
for the state capitol building in Penn
sylvania; q, 900 tons for the courthouse
at Denver; 5000 tons for elevated rail-
ways at Chicago, and numerous small
buildings in various parts of the coun-
try.
There is better demand for cotton
goods, since the general stoppage of
works at the east, but there is no indi-
cation as yet of material gain as re-
spects unsOld stocks on hand In
wooden goods the demand is altogether
more satisfactory, an advance of
20 per cent being paid on most
grades of the finer wooden
and worstcds and nearly all the mills
are active. The sales of wool at the
three chief markets were 6,361, 400
pounds, of which 1898, 600 were domes-
tic, against 10, 5G3, 700 last year, of
which S,493, 400 were domestic.
Failures for the week were 335 in the
United States. against 81 last year,
and 80 in Canada, against 63 last year.