The Taney County republican. (Forsyth, Mo.) 1895-1992, 1896-09-17
puN's COMMERCIAL REVIEW.


Bettcr Prospects and Relief from Mone-
tarJ Anxiety Fail to Bring Increase in
Trade-A Growing Belief TINT q General
Upward Movement In Priccs VIII At
tend the Repienishment Of Dealers
Stocks this Fall.
New YORK, Sept. 12.-R. G. Dun &
Co., in their weekly review of trade
to-day, say:
Better prospects and relief from
monetary anxiety do not yet bring
larger demands for finished products,
though large buying of pig iron, wool,
lea ther, hides, cotton and other mate
rials con ntinue to showa growing be.
lief that general upward movement
in prices will come with the replen.
ishment of dealers stocks this fail.
Most prices are extremely low, so that
nothing more than an ordinary de-
mand would advance them. But ban
failures at New Orleans cause tempo
rary hesitation; crop returns indicate
disappointment in some cotton
and some spring wheat states; prices
of corn and oats make it unpro fita Bile
to sell at present; the number of man.
ufacturing works and mines in opera
tion does not gain, but rather de-
NJ SdoCSs Ol wax CD d4 z SoihS-
what numerous, occasionally resisted
by strikes, and all these conditions di-
minish for time the buying power of
the people. While many think gen.
eral Improvement cannot come until
the election has removed political un-
certainties, others expect soon to see
the result anticipated in trade.
The weekly output of pig iron de-
creased &c, 57S tons in August to 13O,-
500 tons, against 1890 in November,
q shrinkage of 40 per cent. Other
works still have stopped since Septem em-
ber began. Unsold stocks increa sed
62,06S tons in August, exclusive OF
those accommodating in the hands of
great steel companies.
Sales of wool for the week have
about equaled the normal consumption
for the first time in several months,
not because manufacturers have more
work, for no gain is seen in the line
of output. The buying is mainly
speculative, based on the belief that
prices must advance.
No considerable decrease appears in
the enormous stock of print cloths,
| although the output has been reduced
about half for two months, and 4 fifth
of the years production remains in
| the hands CT makers, but they have
advanced the price three-sixteenths
during the week.
For other goods there is a better de-
mand, and manufacturers have adj
vanced prices because Of the rising cost
of material, the average for all cot
| tons having risen 5.3 per cent. since
! i ugust 8, but stocks of many kinds
! are large.
| The Financial Chronicles annual
| report, issued yesterday, makes the
! last crop of cotton 7,162,473 bales, the
consumption north and south >, 695.
| $40, and the exports 4,7l2,912 during
| the year. No account of southern
mill stocks is attempted, and no esti-
mated is yet given of the crop now
| coming forward. Accounts of disap
! pointing returns in spring wheat
states are numerous, but it is difiicult
| to reconcile short estimates with the
heavy marketing at low prices. Corr
! is almost wholly out of danger, and
the yield is generally expected to be
/ the largest, as the price here IS the
lowest ever known.
Stocks grew steadily stronger till
are not stimulating.
1. The tide of gold imports still runs
strongly this way, further engage
! ments lifting the aggregate to S2s,
62O, 600, of which sea, ,l72, $50 have ar
rived. The prospect led the Bank C
/ England to raise its discount rates
| from to 21z per cent, and some sell
| ing on foreign account followed iu
stocks.
! The New Orleans bank failures were
| followed by unusual offerings OF cot
| ton bills and the interior demand 70
| money also increased, the net outg-
being 81, 100000.
! Liabilities in commercial failures fol
! the first week of september were s.,
| C95. $50, against S2,157,75l last year.
! 81, ,53s. $50 in 1894 and SIS, 319.O9S in 1893
| The failures for the week have beer
| 315 in the United States against Isl
last year and ~ in Canada, against 3.
last year.
! o0AD