Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1894-08-17
PRICES GO UP.
Better Feeling in Business Circles increases
Value of Commodities.

Value OF commodities.
NEW YORK, Aug. 1.-THE move
ments of the market for the week just
ending undoubtedly indicate an i'm
provement in the situation. For some
time past it has been fuctuating alter
nately under the influence Of hope and
fear; but now it's undertone is gradually
broadening and strengthening, and
there is a 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 Oh 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, Nebraska
and Kansas-and in those states it al
most proximates a calamity, and is prob
ably not exaggerated, but in the other
states the crop will be a fair average to
q large one, owing to the increased
acreage due to the low price of wheat
last year and the comparatively good
price of corn. The crop in those states
will largely offset the shortage caused
by drouth-probably more than now ex-
pected. The estimated yield is at pres
ent only a matter Of private estimates,
which vary all the way from 1,400, 000,-
900 to 1000, OO0, 900 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
q growing demand for the low priced
non-dividend stocks and the cheap
bonds. The feeling is that a great
many of these securities have been in
such disfavor for a 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 afactor 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 il
gaining ground, however, and this feel
ing is doing a good deal towards hasten
ing the return of confidence. Thu
stock of manufactured goods in thu
United States is lower than it has beer
for a great many years and there vii
soon be actual necessity for at least
: partial resumption of business on tn
} part Of manufacturers. A speedy set
, Element of the tariff debate will Civ
! them a basis on which to start in, an,
that is all that is needed.