The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-07-20

HEbtSW
/ -
a stronE and eebsd Elsod Of Bas,nsss en-
usual for a 1zkdsummer sesson-A Sensz-
fionsi fali and Recovery in the Prizes Of
sheat-CrnpY rospertsHImrrovezene ID
Aron-Hopi and Cofton-Ehew Weeks Fail
eress
New YoRK. July ia-R. G. Dun &
Co, in their weekly review of trade.
Issued to-day, says:
A business food so strong and rapid
that the conservatives fear IL may do
harm, Is out Of season in July. But
the seasons this year lap over and
crowd each other. May frosts and
rights. it is now evident. kept back
much business that would naturally
have been finished before midsummer.
n the delayed cumrlation of one sea-
son gets in the way of efforts to begin
another. But the volume Of business,
however, it may be measured. is re-
markably large for the month.
The week has been notable for o
sensational fall in wheat of 8 cents
In two days, followed by recovery of
8 cents. The sudden drop in prices
was the result of speculative, rather
than commercial influences, though
exports not half as large as last year
s,os7' 6is bushel. flour included, from
Atlantic ports, for two weeks Of July,
against 1927, 91s last year-had their
effect as well as western receipts Of
l,eS7s474 bushels, against 2,I5o, 91s last
year.
The latest naxvs ipd;oataa m aro-.
nous crop OF corn, much the largest
ever grown. II weather favors, but the
price Is only three-eights lower than q
week ago.
Cotton has not changed, though
speculation still turns wholly on pros
poets, regardless Of enormous stocks
carried over. In Europe the manufac-
ture lags, but here it Is satisfactory.
Speculation in stocks has weakened
in spite Of better crop prospects, car
In more for current prices OF sugar,
gas and whisky, than for railroad
earnings and tonnage. Railroad stocks
OF the better class have been fairly
steady. but those liable to assessment
are weak. The average has declined
IL cents per share. while trusts, after
some sensational changes, average II
cents lower.
The weekly output OF pig iron was
l71.1s4 tons, having risen 1870 tons
In June, and other furnaces having
gone into operation since July 4. The
rapid rise in prices has brought into
operation many additional works, and
there Is still a rush to buy before
prices advance further. Infiuen-
tial manufacturers are sending
out warnings that the rise may
easily do mischief, and prices
have in fact advanced nearly 0 per
cent. in we weeks, but are still Is
per cent lower than in October 1892.
The demand for structural forms Is
enormous.
Wool is still advancing with enor-
nous sales, IL, ia, 200 pounds for the
week, and in two weeks of July co.
497, 614 pounds, against II, es6, $50 in the
same weeks of 1892. As the sales are
about four times the weekly consump-
ton. 1t is obvious that the market Is
essentially speculative, but the rise
abroad has set the country ablazes SO
that western holders, are asking even
higher prices than heretofore. Scar
city OF domestic wood helps
them and the enormous sales of for
eign only compensate for the reported
decrease in the domestic clip. But
buying by most manufacturers is al
ready affected, and at the prices nav
Ia -. QNA1I
are doubling whether a corresponding
value for goods can be realized. Open
.LL $3.50 a--.y.is-;~