The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1896-09-19
Better Prospects DO Mt Bring Large. Dc.
mans for Productions.
MOST PRICES ARE EXTREMELY Low.
Bank Failures In New Orleans Cause
Icsitancy--Whcat up a Cent--Large
Yield Of Corn Expccted-- Increase
In Failures.

r. G. Dun & Co.'S. weekly review
says: Better prospects and relief from
monetary anxiety do not yet 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 belief
that general upward movement in
prices will come with the replenish-
ment OF dcale s stocks this fall. Most
prices are extremely low, SO that moth
ing more than ordinary demand will
advance them Big bank failures at
New Orleans causes temporary hesita-
ton, crop returns Indicate disappoint-
ment in some cotton and some spring
wheat States, and prices Of corn and
oats makes it Improbable to sell at
present, the number of manufacturing
works and mines in operation does not
gain, but rather decreases, reductions
of wages are somewhat numerous, oc-
casionally resisted by strikes, and all
these conditions diminish for time
the buying power Of the people.
While many think general improve
meht cannot come until the election
has removed political uncertainties,
others expect soon to see the result an
ticipated in trade.
Sales of wool for the week have about
eqnalled the normal consumption for
the first time in several months, not be-
cause manufacturers have more orders
or are doing more work, for no gain is
seen in the demand or output. The
buying is mainly speculative. based on
the belief that prices must advance.
No considerable decrease appears in
the enormous stocks 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 the makers, but they have adj
vanced the price three sixteenths dur.
ing the week. For other goods, there
is better demand and manufacturers
have advanced prices because OF the
rising cost of material, the average fol
all cottons have risen 5.3 per cent.
since August 6, but stocks of many
kinds are large. The Financial Chron.
icle's annual export, issued Friday
makes the last crop Of cotton Of 7, 1862,
4113 bales, the consumption north end
South 2,G95, SO end the exports 4, 712,
9l2, during the year. No account OIL
Southern mills stock is attempted and
no estimate is yet given Of the crop
now coming forward. The govern
ment report is even more gloomy thar
q year ago, making the condition The
lowest for many years, and there is nc
doubt that the damage has been seri
GUS, as the price has advanced to 8:
with much speculative buying. Whcu
declined cent but then advanced, clos
ing q cent mp for the week. Western
receipts still exceed last year's, having
been in two weeks, II 229,0S bushels
against 1923, 2SS last year, while At
lantic exports, -four included, hav
been for the same weeks 1888. 26;
bushels against 2,4l7,S72 last year
Accounts Of disappointing relations i,
spring wheat States are numerous, bu
is difficult to reconcile short estimate
with heavy marketing at low prices.
Corn is almost wholly out Of DANCE
and the yield is generally expected t.
be the largest and the price here is tn
lowest ever known.
Failures for the week 315 in tn
United States against 1877 last year an
- in Canada against 81 last year.