Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1894-08-17
Better Feeling in Business
Circles Increases Value of !.
Commodities,
GOLD SHIPMENTS CEASING,
Settlement of the Tariff OueS-
ton Will Soon Restore
Confidence.

ending undoubtedly indicate an i'm
provement in the situation. For some
time past it has been ductuating alter
nately under the influence of hope and
fear; but now it's undertone is gradually
broadening and strengthening, and
there is marked tendency to discount
a generally clarified, financial atmos-
phere. It looks as though we have seen
the worst of everything and that the
pendulum is at last going to swing the
other way. Outside of the all important
tariff question the corn crop has again
been the greatest factor in the market
for the past few days. The "bears"
have been actively engaged in pounding
the grangers, basing their action on the
prospect Of reduced dividends on these
securities as a result Of the prospective
corn shortage. Their efforts to bring
out long stock, however, have not been
particularly successful, and they find it
difficult to cover their contracts
Without Bidding Up the Market. $:
The damage is almost exclusively: con-
fined to three states-Iowa, Nebrask3
and Kansas-and in those states it al
most proximates calamity, and is prob
ably not exaggerated, but in the other
states the crop will be a fair average to
a large one, owing to the increased
acreage due to the low price of wheat
last year and the comparatively goo<1.
price Of corn. The crop in those states
will largely offset the shortage caused
by probably more than now ex-
pected. The estimated yield is at pres
ent only matter of private estimates,
which vary all the way from 1 1,400, ,000,-
600 to 1900, 100000 bushels, with the
chances from all the data received that
the latter will be about what this years
crop of corn will amount to. There is
a growing demand for the low priced
non-dividend stocks and the cheap
bonds The feeling Is that . great
many Of these securities have been in
such disfavor for long time past that
they have been unduly depressed, and
that when an ,'
Improvement Becomes General
securities Of this class are going to re-
spond quickly. Gold shipments have
practically ceased to be factor in the
market, as only small amounts of the
precious metal have been shipped dur
ing the week and the ease in exchange
does not indicate a renewal of ship
ments in the near future. Washington
advices regarding the tariff continue
very conflicting and tend toward keep
ing stocks feverish, and while there is
SO much uncertainty among our legis-
lators the same feeling must naturally
exist in Wall street circles. The feel
ing that some definite decision one way
or the other will soon be arrived at is
gaining ground, however, and this feel
ing is doing a good deaf towards hasten
ing the return of confidence. The
stock of manufactured goods in the
United States is lower than it has been
for great many years and there will
soon be actual necessity for at least a
partial resumption Of business on the
part Of manufacturers. A speedy SET
Element of the tariff debate will give
them a basis on which to start in, and
that is all that is needed.