Show 1 The WecUM Affairs I Duns review gives the following account ac-count of the week in financial and business 1 bus-iness circles This has been a week of record 1 breaking In wheat in silver in some forms of iron and steel in Connellsville coke and in well known cotton and I woolen goods the lowest prices ever known have been made ahd it is gratifying grat-ifying that failures of importance have II not resulted The great fall in wheat I had a perceptible influence upon the tone of business generally and there i was less confidence in Val street less improvement In manufactures and a greater decrease in the volume Of pay geater ments through clearing houses which were 254 per cent less than a year ago outside New York and 437 percent per-cent less than a year ago here notwithstanding not-withstanding unusual transactions ingrain in-grain While no action especially affecting af-fecting business prospects was taken at Washington the continued discussion discus-sion of revenue and monetary measures meas-ures and the uncertainty regarding them have a constant unfavorable influence in-fluence and in different markets have caused sudden fluctuations in prices Wheat at 60 cents is pot only lower than it was for a single day last year but lower by 13 4 cents than it had ever been in the previous seventy seven years A visible supply over 79000000 bushels February 10 with > sales and receipts from farms continuing contin-uing large has completely destroyed faith in the official reports of the yield last and caused year enormous liquidation Receipts last week were but 1810314 bushels t against 2901048 0 1 j > for the same week last year but Atlantic At-lantic exports were only 659962 bushels against 1013015 > last year and the recent re-cent decrease in foreign demand has been a important factor Some trust companies have arranged to advance money against wheat as collateral security se-curity but with results not a yet encouraging en-couraging Corn and other products fluctuated but little though receipts of corn were large Cotton declined an eighth with increasing distrust of short crop estimates The receipts from plantations this week have been larger than a year ago and at no time small enough to support the idea that the crop of 1893 was but 6600000 bales which would mean that less than 300 000 bales have yet to come into sight in over six months Exports of merchandise were about 500000 smaller for the week than last year and for six weeks the increase has been only 3100000 or 71 percent per-cent but imports last week were little more than half as large as last year and for the year thus far the decrease is about 42 per cent There is no change of importance in money mar kets with no increase incommercial loans i Failures for the week have been 323 i in theUnited States against 197 last year and 55 in Canada against 36 last I I year Though several were of some magnitude the aggregate of liabilities I was apparently below the weekly average I aver-age for January For the week ending j I February 8 the liabilities thus far reported I re-ported were only 4079657 With nearly near-ly complete returns for January the aggregate of liabilities in 2080 failures I is 30946497 of which 11631305 was 1 I of manufacturing and 18193476 of I trading concerns I |