The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-07-27
oUN'S COMMERCIAL REVIEW.

nv -Nc"S VI ~ eek NOT EntiTciy Eli
COMMUNICATIONS of Midsummer Dull
ness-Money Abundant and the Volume
OF Exchange Nearly Equal to 1S92-The
Future Turns on Crops, and Crops Are
said to be Fair.
New YORK, July Cor. G. Dun & Co.
in their weekly review of trade. issued
to-day, say:
The weeks news is not entirely en-
c~ouraging. but is all the more natural
because there are signs of midsummer
dizziness. Wheat prospects are not
quite so good as last week, but still
there are lower prices, as corn and cot
ton have been lowered. The exports
of gold and the less favorable treas
ury returns for July are not uneXpect-
ed, and mean nothing as to coming
business. There is a p~erceptible de-
crease in the demand FOR most manu-
featured products, and the actual dis
tribution to naturally les
sens in midsummer.
There are still numerous advances
in wages, but strikes grow more nu-
merous and important.
Money is still abundant, and while
there is much more activity in CONNER
cial loans, it is not what would appear
if all industries were fully employed.
The volume of exchanges continues
nearly as large as in 1899, because OF
the delay in spring operations, and
though rapidly sinking to summer
proportions, is % per cent. larger than
last year.
The future turns on crops, and the
market reflects a prevailing belief
that the crops are to be fair. Stocks
carried over are such hat a yield of
1000, 900 bales cotton and 400, 900, 900
bushels of wheat would meet all needs,
but lower prices prophesy larger yields,
and Of corn probably the largest on
record.
Western receipts of wheat, not half
last years, express disappointment at
prices, while exports for the week,
about a quarter of last years, show
that foreign dealers are not regard
ing the situation with anxiety. Nor
do British accounts indicate any
anxiety about cotton, while efforts are
reported by some American mills to
oSAA PeIl W bhC IaASC oLOSho OohSh
some months ago, apparently exceed
ing their needs for the year. If I'M
favorable to some spectators, these
are cheering indications, for it is bet
ter to have fair crops than to get
higher prices for what remains.
Orders have so accumulated in iron
products that some works forego the
usual summer rest; and eastern fur
naces soon to begin blast will add
about 5000 tons weekly to the produc-
ton.
Yet the week has been in new bust
ness the dullest since the rise in prices
began, as many hesitate to buy after
SO great an advance. A few quota
tons have advanced-gray forge and
eastern bar-while Bessemer pig is a
shade weaker at Pittsburgh; but the
average of all prices is 1 per cent.
higher for the week, and 2S.S per cent.
higher than February l.
Minor metals IRE stronger, with sales
of 1000, 600 pounds copper up to IL
cents for lake, and tin very firm, in
spite of a large visible supply.
Wool, which advanced in the first
half of July, is now : per cent. higher
than a year age. Manufacturers do
not support the advance, and are buy
ing only for immediate needs; but
holders, who have taken for weeks
past several times the quantity con-
sumed, are stiff. The opening of
lightweight woOlens has not been en-
cOuraging, as less demand and slightly
lower prices appear, but highly en-
couraging as to worsteds, in which
there are numerous advances.
Cotton mills continue to enjoy a
large business, and several have adj
vanced wages this week, but some
strikes of considerable Importance are
threatened or in progress. The weaker
tone for the material does not as yet
affect prices of goods. New business
in boots and shoes is limited.
Foreign trade continues unfavors-
BILE, with a decrease of 10 per cent. in
exports this month, and an increase
of % per cent. in imports.
Failures in eleven days of July show
liabilities of IS, sos, 9s2 this year, against
81, $50, BOG last year. Failures for the
week have been 256 in the United
States, against ESQ last year, and SO in
Canada, against A last year.