The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1896-09-19
DUN'S COMMERCIAL REVIEW.

Better Prospects and Relief from Mone-
tarJ Anxiety Fail to Bring Increase in
Trade-A Growing Belief that a General
Upward Movement In Prices Will 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, a Y
Better prospects and relief from
monetary anxiety do not vet bring
larger demands for finished products,
though large buying of pig iron, wool,
leather, hides, cotton and other mate
rails continue to show a growing be-
lief that a general upward movement
in prices will come with the replen-
ishment 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 tempo
rary hesitation; crop returns Indicate
disappointment in some cotton
and some spring wheat states; prices.
of corn and oats make it unproitab BILE
to sell at present; the number of man
ufacturing works and mines in opera
ton does not gain, but rather de-
creases; reductions of wages are some
what numerous, occasionally resisted
by strikes, and all these conditions di-
minish for a time the buying power Of
the people. While many think gen.
eral Improvement cannot com until
the election has removed political un.
certalntles, others expect soon to see
the result anticipated in trade.
The weekly output of pig iron de-
creased POSTS tons in August to $780,
500 tons, against 217, 300 in November,
a shrinkage of 40 per cent. Other
works still have stopped since Septem-
Der began. Unsold stocks increa sed
62,06S ions 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 fifth
of the years production remains in
the hands of 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 So per cent. since.
August 6, but stocks of many kinds
are large.
The Financial Chronicles annual
report, issued yesterday, makes the
crop of cotton 7,162, 473 bales, the
north and south >, 695,-
$40, n the exports 4, 7l2, Oh during
the ear. 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
are numerous, but it is difficult.
to reconcile short estimates with the
heavy marketing at low prices. Corn.
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
Thursday, although railroad earnings
are not stimulating.
The tide of gold imports still runs
strongly this way, further engage
nents lifting the aggregate to S2S,-
$40, 900, of which S23, 172, $50 have ar
lived. The prospect led the Bank CT
to raise it's discount rates
rom . to 81 per cent, and some SELL
.ng on foreign accoun followed in
stocks.
The New Orleans bank failures were
by unusual offerings of cot
on bills and the interior demand for
money also increased, the net outgo
being 81, $50, 900.
Liabilities in commercial failures for
he first week of September were S.
,95, $50, against S2,157,75l last year,
II ,53s. $50 in 1894 and So, 319, O9s in 1893.
The failures for the week have been
I15 in the United States against 1877
asst year and AZ in Canada. against "a
asst year.