Owingsville outlook. [volume] (Owingsville, Ky.) 1879-192?, 1896-09-17
ENCOURAGING,
Larger Demand for Finished Products
Probable Tide Of Gold Imports StilI
Flows Strongly This Way.


Flows strongly This Way.
New YORK, Sept. 12-R &. Dun 4
Co, in their weekly review of trade
Saturday, says:
Better prospects and relief from
monetary anxiety do not set bring
larger demands for finished products,
though large buying of pig iron, wool,
leather, hides, cotton and other mater
ials continue to show a growing belief
that a general upward movement in
prices will come with the rcplenish-
mcnt of dealers stocks this fall. Most
prices are extremely low, so that
nothing more than an ordinary de
mand would advance them. But bank
failures at New Orleans cause
temporary hesitation, crop returns in
dictate disappointment in some cotton
and some Stirring wheat states, prices
of corn and oats make 1t Improbable
tn sell at present, the number of man
ufacturing works aud mines i'm opera
ton does not gain, but rather de-
crcascS, reductions of wages are some
what numerous, occasionally resisted
by strikes, ana all these conditions di-
minish for n time the buying power of
the peopc. While many think general
Improvement can not come until the
election has removed political unccr-
taintics, others expect soon To sec the
result anticipated IN trade
The weekly output of pig iron de-
creased :0,5TS tons in August tu ~, 50l
tons against I'll, $50 in November, IL
shrinkagc Of 40 per cent. other
Der began Cnsold stocks increased
LOGS tons in August, exclusive of
those accommodating in tile hands of
great steel companies. Sales of wool
for the week cover about cuualcd the
normal consumption for the first
time in several months, not be-
cause manufacturers have more work,
for No gain is seen in the time or out,
put. The buying il mainly specula-
tive, based on the belief that prices
must advance. No considerable de
crease appears in the enormous stock
of print cloths, although the output
has been reduced about half for two
months, and II 9th of the years pro-
duction remains in the hands of maxi
crs, but they have advanced the price
thrcc-SiNtccnths during the week. For
other goods there is a better demand
and manufacturers have advanced
prices because of the rising cost of ma
terial, the average for all cottons hav-
ing risen 5.3 per cent. since August 6,
but stocks ~ many kinds are large.
The Financial Chronicles annual re-
port, issued Friday, makes the last
crop of cotton 7,l62, AS bales, the con-
sumption north and south 2,695, $40,
and the exports 4,1l2,9l3 during the
year. No account of southern mill
stocks is attempted and no estimate is
yet given of the crop now coming for
ward. Accounts of disappointing re-
turns in spring wheat states
are numerous, but it is diff
cult to reco ellie short estimates
with the heavy marketing at low
prices. Corn is almost wholly out of
danger and the yield is generally ex-
pectei to be the largest, as the price
here is the lowest ever known.
Stocks grew steadily stronger till
Thurs lay, although railroad earnings
are not stimulating. The average for
railroad stocks has risen slightly, and
Tor trusts over 81 per snare, nOlNlIn-
standing much realizing of profits,
especially since the failures in New
| Orleans.
The tide of gold imports still runs
strongly this way with further en-
gagcmcnts lifting the aggregate to
SIS, G2O, 600, of which $23 H. $50 have ar
rived. The prospect led the Bank of
England to raise its discount rates
from = to 2'5 per cent. and some SELL
ing ON foreign account followed in
| stocks.
The New Orleans bank failures were
| followed by unusual offerings of cotton
! bills and the interior demand fer money
also increased, the net outgo being
| 81, $50, 900.
Liabilities in commercial failures for
the fiscal week of September were ST.
O95, 800, against s., l57,751 last year,
Sl,S3S, $50 in 1894, and S5,3l9,09S IN
| 1898.
The failures for the week have been
| 3i5 in the United States against lSI
last year, and Al in Canada, against 81
| last year.