The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1897-06-26
GUMS COMMERCIAL REVIEW.

business In Every lmpOrIAnI OepdEtuuchL
The Proof OF This Clearer, as Ii Should
Be, in the Industrial Than In the Trading
FieId-A Generally Fairer Outlook.
New YORK, June 19.-R. G. Dun &
Co.'S weekly review of trade to-day
will say:
The retarding influence of cold and
unreasonable weather has passed. The
gain in business in spite of it was seen
a week ago, and has become clearer to
all. As no genuine improvement ever
begins with an uplifting of prices be-
fore the producing force has become
fairly employed, this does not, and
the buying of 1000 bales Australian
wool by one Boston house and 100, 100
tons pig iron by a Wall street operator,
and advancing prices for stocks, are
the only proof that the actual condi-
tons are understood by some capable
men.
There is evidence of gradually en-
larging business in every impor-
tant department. More establish
ments have been set at work and
more hands employed, and, while
prudence still finds speculative ex-
cesses, the progress toward better
thingsis unchecked. Reports from the
various cities this week show n very
general progress and a continued large
distribution through retail trade.
The proof is clearer, as it should be, in
the industrial than in the trading field.
Contracts for consumption of 1000, OOG
tons iron ore have already been made,
:, 1000, 900 within the past fortnight, it
is believed, though last years contracts
only terminated about two months ago,
Bessemer ore is selling lower by &c
TO 80 cents than at the outset. Pa
wabic at 2.25 against 2.55, but the
heavy demand puts additional mines
at work.
The speculative purchases of 100, 00C
tons southern pig al S. clears the
deck for a larger business at better
figures. and sales at Chicago of $50, 000
tons have been the largest for Is
months.
Reaction after the sudden purchase
of 80, 600 IONS Bessemer at Pittsburgh
leaves the price $3.50 per ton, but the
heavy orders for bars there and fol-
$4,000 tons at Chicago, mainly from i'm.
plement makers, with orders for many
new buildings at the west, one of mag-
nitude at Philadelphia and several at
New York, the larger demand for
plates and sheets, the order for %
miles of pipe and the purchases OF
steel rails which have started the new
Joliet works with good orders are far
more important than the speculation
in materials.
Coke production has increased ..
500, 900 tons, nearly "a per cent, with.
out change in price. Tin is stronger
at S.75 cents, and the copper output
in May, larger than in any other
month this year, has not lowered quo
tations, while lead is stronger.
The demand for print cloths for the
first time in many months, have *.
ceeded the weeks production, and the
price has risen a shade, while prints
and other grades of cotton goods are
in slightly better demand.
There is a more widely distributed
business in woolens than was expected.
Clothiers are buying, and as they come
late, are in haste. Some eastern mills
have been in the market, but the bulk
Of the purchases of wool has again
been by speculative houses at Boston,
where almost 10, 900, 600 pounds were
sold, against 6,551, 800 at New York
and Philadelphia Western operators
still paY more than eastern prices war
rant.
In produce markets the year draws
to a close with slightly stronger prices
for corn owing to heavy foreign buy.
ing. and in cotton owing to a better
foreign demand, notwithstanding more
encouraging crop reports. Nobody a
count bales in June, but the outlook
is SO favorable that few make large
ventures against the yield exceeding
5000. 900 bales.
Wheat was hoisted nearly two cents,
but fell about as much, closing a quar-
ter higher for the week, in spite of re-
duced western receipts and Atlantic
exports. Expert reports from winter
wheat regions west of Ohio had much
influence. but still nor the great but
really unknown increase of spring
wheat acreage with exceptional pros
poets thus far. In two weeks of June
Atlantic exports of wheat and flour
have been equal to 4,977, 653 bushels
against 5,219, S23 last year. Failures
for the week have been 19S in the
United States against 276 last year,
and SO in Canada, against % last year.