The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1896-10-17

Distinctly Better Conditions Reflected In
somewhat Larger Employment of La.
Dor.
NEW YORK, Oct. 10.-R- G. Dun Il
Co., in their weekly review of trade.
says:
Distinctly better conditions have ap.
peared of late and are reflected in
somewhat larger employment of labor,
In large transactions and in continued
buying OF materials for manufacture.
a great part of the change is due to
those reslstIess laws Of supply and de-
mand, which take wheat where it is
wanted and gold where it is wanted.
4udia Is waiting for cargoes of wheat
on the way from Pacific states,
Just as Australia and South Africa
were not long ago. The surplus
usually available from India
disappears and the surplus from Rus
STA and European countries is re-
duced, according to late estimates, 75,-
100000 bushels. Happily this country
has a supply which official accounts
have not correctly measured, if actual
movements do not greatly mislead.
Western receipts for the week were
7,2l3,y6 bushels, against 1851, 474 last
year, n this follows an increase of
1900, 600 bushels il receipts during
the quarter ending September 30. At
lantic exports, 2,OG9, OIL bushels. flour
included, for the week, against
1,7O7,6 29 last year, and not
yet SO large as to force prices up
ward if European buying, based on
European needs, did o control our
markets. A feature of large import
ance, too, is the unusually heavy for
eign demandfo r corn, which is a rarely
failing sign OF deicient-crops abroad,
where other grains are used instead of
wheat when the latter becomes scarce
and dear.
Iron furnaces in blast October I had
a capacity Of 1l2,7>2 tons weekly,
against l29, 800 September l and 2l7,-
800 November l last year, while uu.
sold stocks decreased 1852 tons; but
II those of steel-makiug concerns were
included, it would probably show an
increase. Buying Of materials con-
%tinues, but Bessemer is u shade weak
er, Sll.4O at Pittsburgh. The demand
for products is So light, and 50 much
business IS held back pending the cleo
ton, that decreasing output is not an
unhealthy sign. Minor metals change
little.
The upward rush of hides has
advanced prices at Chicago 6 per cent.
for the week to the highest average
since last November. Prices of leather
have risen Pa per cent, with small
dealings. Shoes are selling very lit.
tie, as consumers refuse to pay higher
prices, and dealers remember buying
at high and selling at low prices last
winter. Orders for next season are
few, and many concerns may close Tor
I time.
Textile manufactures are gaininga
little and the buying of wool by large
mills covers 1,C6-oJO pounds for the
week, against IL, 2i9, 200 last year.
Prices advanced about one per cent. in
September and have since advanced
more, though few of the mills have
orders.for a long time ahead Buying
of cotton has been checked by heavy
receipts from plantations, l,222,2o7
bales having come into sight in Sep
TENDER, against 545, 1874 last ear. The
price has dropped seven-sixteenths for
the week and lew now have confidence
in a crop Of only 7,UOl,O coo bales.
More gold has been ordered from
Europe, SO hat 81, 900, 900 is en- route.
Speculation in stocks has yielded d
little, about lib for railroads and 81
cents for trusts The outward move
ment of money to the interior has
been 81, OOU, 900 for the week, and little
is doing in commercial loans, with
than a week ago.
Failures for the week were 296 in the
United States, against 26s last year,
and 1t in Canada against 81 last year.