The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-07-31
CONDITION OF TRADE
WHEAT 4, MARKET THE SENSATION OF TIL
MONTH. :.
Rec.u,e Of Pending Action on tho Tarln
Industrial Operations are Awalting-'An'
Medium for Wooden Goods Increases 1o'
Lew Grades.

r. Ct. Dun 4 70. reVle" VI vt""'
issued Saturday says: The end OF un'
certainty regarding duties on imports
gives greater confidence alike to those
who have opposed and those who nave
favored the charge. The great strength
in stocks, particularly in those OF the
grange list, reflects assurance OF heaVy
crops. The remarkable rise IN wheat,
notwithstanding that assurance: is basee
on heavy buying for exports and a be-
lief that foreign demands will be large,
To this must be added another elemen'
of confidence scarcely observed a weeA
ago. The heavy increases in receipts
Of gold, whether from one side OF the
Alaskan border or the other, swell de.
posits at the minis and in the banks OF
the country, and if the yield from the
new regions answers expectations, II
may have an influence akin to that OF
gold discoveries in California. Iht
one retarding force, the strike OF coa'
miners, has caused the closing of few
manufacturing works for want OF fuel,
but negotiations for settlement are still
pushed with hope.
The wheat market is the sensation Of
the month. From July 8 the price had
risen 12c by Wednesday, when reac
ton of four cents was not surprising
Init the close WAS 4c higher for tn,
week. 1t is notable that this rise came
in the face of highly encouraging crol
news, which is not disputed, and hat
for support nothing but foreign condl
tions and demand. Actual buying foo(
for export at this time has been heav.
and loading OF cargoes here and in Cal
ifornia for countries which usually con
tribute to European supplies great.
strengthened the impression produced
by continental reports. The halt il
speculative handling behind the grea
advance is evident. Exports for Jul,
| to date are 6, 1872, 440 bushels, flour in
cluded, against 4,961, 746 last year
Western receipts 5,251,271 bushels i
July, against l0,275,527 last year, indi
cate concerted delay of shipments
which, however, are withstanding tn
Influence of substantial rise.
Corn exports are still heavy, 6,635,
395 bushels in July against 2,421, 80
last year, which perhaps reflects wit
more certainty than the wheat move
ment the actual conditions abroad.
Both because of the season and be
cause of the pending action on tn
tariff, industrial operations are await
ing and yet with an improvement whic
under such circumstances, is signif
cant. There is a general advance i
boots and shoes averaging about l
per cent, with larger demand
dealers lose hope of lower prices, br
} leather is unchanged and hides at Oh
caga average 2 per cent. lower. III
textile industries have lost no grounc
as the curtailment Of production i
cotton for a time is really gain. II
demand has somewhat increased b.
The accumulated stock Of goods mu
be reduced before impotence to bu
can be expected.
The demand for woolens increases #
low and medium grades, with reporte
large sales at advances of SOLO p'
cent. over last spring. Speculati'
sales of wool continue large and prize
are very strong, especially at the ives