The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-08-10
DUN'S COMMERCIAL REVIEW.

Effects of Midsummer Lassitude Eecom-
ing Apparent, still n Hopeful Spirit Pre-
NEUTRALITY-SUSPICIOUS. OF II Monetary Dis
turbance Pushed Aside and Prices Gem
orally Well Maintained with Occasional
Advances-The Growing Crops.
NEW YORK, Aug. S.-R. q. Dun Sc
Co, in their weekly review of trade,
issued to-day, say:
The years business will be much af-
fected by the crops and the most hope
full estimate falls below a full yield,
except for corn. Larger stocks than
were Immediately wanted have been
taken by traders as prices were adj
vancing and these tend to limit future
orders. The general advance in many
products also causes reluctance to
purchase, and the distribution of the
past half year has been in part t.
make up for stocks and individual
supplies depleted during two years of
economy. On the other hand there
has been enormous increase in the
working force and a considerable in
crease in wages paid, which enables
people to buy o freely.
Apprehension of monetary disturb
ance has beer quite pushed aside.
Strikes of some Importance appear
but do not yet threaten to last long,
though a strike of coal miners may
for Il time affect business somewhat
extensively.
The hopeful spirit prevailing in
nearly all markets may find its war
rant, in spite of some shortage in
crops. Railroad earnings for July thus
far are PCS per cent. larger than last
year, but 14.3 per cen smaller than in
1892, the loss being mainly west of the
Mississippi. East-bound tonnage from
Chicago for four weeks has been 21S,-
SOB. against o., 2O9 last year. when
strikes disturbed, and 225, 3G33 in 1899
a decrease of about 3 per cent.
All the indications show midsummer
lassitude. For the first time since the
rise in prices of iron products again
there have been some concessions to
retain business. and efforts of new
works to get orders tend to check the
advance. In spite of this the general
average of prices is a shade higher, bar
having risen relatively more than mill
iron has declined. The market for pig
is quiet, and on the whole remarkably
strong, with the prospect of increased
output. Finished products are gener-
ally strong. with more demand than at
present can be met for plates and bar
business.
business in the cotton trade has
been the largest in July for several
years. but not large as to new orders.
A further advance of one-quarter cent
per yard has been made with mod
crate demand Tor some bleached and
brown goods, and prices are firm for
sheets and drills, while colored cot
tons are quiet with occasional adj
vanceS.
The demand for mems wOolens has
been less active, with some disap-
pointment observable. while worsteds
have sold relatively better.
Wheat suddenly rose 3 cents on bad
reports of condition, but has dropped
all the gain as the scantiness of the
exports is felt, shipments in July hav-
ing been only 3,495.0 64 bushels, flour
inClluCu. from AIidHIlC pOTJS, dSdliSL
Q, sos ,G33 last year.
Western receipts continue very small,
and farmers appear to be holding for
higher prices. Corn is a shade
stronger, although reports are de-
cidedly favorable. Cotton has risen
an eighth in price. wholly on bad o.
dition reports, but at the lowest esti-
mate the years yield. with stocks car
ried over, will exceed the worlds de-
mand.
Heavy sales of coal are reported at
prices at least : cents below the cir
and the market is much demon
allied, with fear of auction sales.
The stock market has been strong,
and especially in the grangers, and
the average close is IS cents higher for
railroads and S1.O2 for trusts.
Failures for the week have been Pei
in the United States, against 23O last
year, and IS in Canada, against A last
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