The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-09-05
TRADE STIMULATED.
Distinct Increase of Confidence
in the Future.
HEAVY IMPORTS OF GOLD

An End Put to the Money Anxiety aud Ex.
perienced Men Believe That a Revival
of Business Is Not Far OT-slight Up.
ward Turn I'm Prices of Manufactured
Products.
New YORK, Sept. Or. G.. Dun &
Company's weekly review of trade says;
There is a distinct increase of conf.
dence, due largely to the continuing
and heavy imports of gold, which have
put an end to money anxiety, and also
to political events. which are closely
watched. While it does not yet start
more mills and factories than are clos
ing for want of work, it crops out in
heavy speculative purchases of pig iron,
wool and some other materials, by ex-
perienced men who believe that re-.
vival of business is not far off, and for
the first time in nearly two months a
slight upward turn appears in prices of
manufactured products. The gain in
confidence and in willingness to lend
and invest gives reason to hope that the
necessary replenishment of stocks which
cannot be long deferred, may be liberal
enough to stimulate fair activity in
trade and industry.
Wheat had suddenly risen a week
ago, but reacted with better crop news
until Thursday, when another advance
of l cent, making the net decline for
the week 5-S cents. Western receipts
continued large, 5,2l3,706 bushels for
the week, against 1850 104 last year,
making the increase since July about
000 0O0 IN. "a nor cant Atlanta
ports are also large, -four included, o.
032, 1868 bushels, against l,347 1852 last
year, and since July /, 1908, sol bush
els, against IL ,315, $40 last year. gain
of SO per cent. Gloomy stories find lit
tie support in such returns.
Corn has reached, at Chicago, the
lowest point ever touched. 90 cents
in 1861, and has again broken all rec
ords here, declining to 20 5-S cents at
which it closed.
Cotton fell to 1857 cents, but with re-
vival of confidence rose to $780, al
though the prospect is clearly more IA
vorable than some weeks ago.
After many weeks of decline, so that
the average of prices for iron and its
products was the lowest since early last
year. prices have started up a shade.
Heavy speculative purchases of Besse-
mer at the west and of southern iron
here, the latter mainly by New Workers
at &c. for No. 2 and $500 for grey
forge, have so strengthened the market
that Bessemer at Pittsburg commands
$ll.25 and grey forge $3.50. The vari-
Gus associations have not reduced
prices, believing that it would not slim
ulate demand at present, which is ex-
tremely narrow and as yet shows no
improvement. But the first long step
in that direction is taken when men
believe that the bottom has been
touched.
Coke ovens operating are only 7 ,425
against 1882 idle, with smaller out
put than for years, but no change is
made i'll price.
Tin is weaker at 49, Is for September
bids at 1887 are solicited for lake
copper. while lead is shade firmer at
2.72 1-2.
The starting of some wooden mills
which have been idle and accommodating
orders for a short run is balanced by the
Stopping of others, and the volume of
orders does not increase. No gain as
yet appears i'll demand or prices. But a
marked speculative buying of wool
shows belief that prices will improve,
and sales for the week were 1877 800
pounds, of which only 555, 700 were for
eign, much over half the domestic sales
being of Texas and far western states at
prices ranging from to 8 l-2 cents.
Cotton goods are growing stronger,
more grades having advanced, and
though sales are moderate, there are
more buyers, indicating exhaustion of
dealers stocks.
Failures for the week have been 1874
in the United States, against 1856 last |
year, and 81 in Canada, against 3S last
year.