The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1897-05-08
SPECIAL MARKETLETTER

The following market letter Is fur
nished us by MCLAIN Bros. & Co.,
Commission Merchants. Rialto Build
ing, Chicago:
Financial circles have not been dis
turbed by anything of a sensational
character since the sudden abatement
of fears of a general European war.
and are at present viewing the Situa-
ton with but little apprehension Of any
unusual disturbance in the Immediate
future.
The resumption of gold exports serves
more to emphasize the inactivity per
vading the stock and bond market than
to cause any disqilieting disturbance in
values. Stock brokers complain of Il
dearth of orders. and attribute their
misfOrt;ines largely Ia the losses StI>-
tanned in England in !SOutlI Air;ran
mining ventures. WiIlcl have .ti. ~
many European investors practically
bankrupt that [ IL" II Il nOllcedhir
contraction III tie vuliiiHr of tGr"igI
business on American exchanges,
The more peaceful aspect 1T %Ht:.iir>
in the Levant iIaS had Il cltlrrrSS::L Ell
feet on the wheat market. and huf,trrs
who had loaded up in anticipates nt
prolonged war between Greece and
Turkey. which would enian.tr the
peace of Europe. found difficulty il ,I,>
posing Of their holdings befn T. pr"->
had declined sharply; this imarii:ll
was due chiefly To the absence at !.
short interest of ANY magnitude. - Nt
STnnnstal IN .r,p lIcf u-a.ly-- f-r,,.
bears having largely withdrawn tiuu
the market in consequence Il iH,>~ ui
tiles attending lie success al e.. rrrk
arms.
The market now. hOwrv,.,. I'll. as-
Sulnpd its normal character ,:i. -
bears have recovered Their t'Iu.sui ui.s
the creation of Il larg~ short iut,i,S. is
only Il question of tine. and Il ERE
are no buy tr~ 80 eager as 4 fri-hlr!irI
short. ANYTHING that may occur To alarm
them. and iHducr Investment hu, i@g.
will start an onward movement Ina
will continue without s;ICl YiUiru; i--
actions as have rt.rrnliN Disturbed tl,.
market. The creation OF an rNfr . "
S.rtrt inter-! will lie runtrlp .I.": -. y,
the linria. selling of deferred furI a.
10y Northwestern operators As Ia Ii
CT ~ p~rU,YrCtS 'rrf.mr NOR" Unu:S =
Ti."i Up-fHtIuuS have already b. d.
September being i" faVur.fr u.a'.'u
Az, art lunlt!"S> ,iI:r b liz faVU.a -.
progress ~ piiGg seeding ami Ii t,I,rt.
~Fropi.iouS weather.
There is l"sS attention pHi,! to PHrii!.
CUaS; dnnlag,' rrI"hItS, iErrr ha;in"
bte:r ON rain III California and II j.
brll+Lri al tint Whatever G.H.t-r WlN
lIay- ,Jcen Sustained III ttdI :: itr sit.
lie more than cumIrrSairt! 'n. - u.
inrr"H,r III acreage in Or-rn!i + e..
Washington. where The arr.t - r~!"ri-..
10 he - per cent glvt = iiIta l;st i"t".
Adrl,1aS from Fiairr stair fi,i ~
wr"tt:--f as 'ir''urI more Iay :"r.'
but tIai H"rr ha- cen Il !rdrrr' = 80.
ara ri !. Ii.HGO HtreS.
TIE break in lrIrrs induced Ut
spas:nndtc Continental buying, a.! o.
eignerS GENERALLY srrI# to have re-, -..i
into their previous Indifference ste =.
the subsistence OF the vat, SCARF.
Northwest receipts continue III 'ar.,.
volume and are IL surprise To a mdjnr.t
of dealers who had confidently pXIct;"i
Il small movement III that section il,
conformity with early crop ~esIi;.Ies.
The movement. while large. is il 1t
measure accounted for by the RAP re-
duction in country elevator >IOr.lS.
which we're reduced during the month
of April 3.500.OG0 bu.
Exports show some diminutiOn and
are now disappOintingly small: this.
however, is partly dnP to the fact That
Western wheat destined for Europe
has not yet reached the seabOard. and
some augmentation in the volume of
the outward movement may be expect
ed when this wheat arrives.
Deliveries on May contracts Oh the
first day of the month were very small
and served to imSpirp some confidence
in the future. being regarded b. lI;3nv
as an indication that Iii urgent urn. al
for cash wheat Will arise before II.
new. crop will be in condition to gria, t..
Corn WAS subjected to the infurI1 q;
that depressed wheat upon III GiS,.n.t-
ton OF war fears. the short interest
having been frightened ont OF the mar
ket. Prices. however. are so low that
there WIS but little room for Il serious
break. '. new hort interest is again
being developed. which. as in WhuTt.
viii all an advance IL ANYTHING If Il
sensation Il nature arises 10 start one.
The Weather Indications will lie closely
watrherl. for any chang" Ihat promises
further delay in planting will at once
create au urgent demand. Enc wealth.
er. 'uTrTrr. w!i rra~s:irr sellers and
ircrrI>'. r,"r.Gt>. TIE eX.;Or, IL We.
Iaept s..uws SuI4- abatement. bUt is
SUI ny" ;l~ "lf"ar1i movement fur
A"rIl ~'iu'3ut;"- 10 y :! - hu.
Gt:S Gay" rl;tr,l cystic active within
Il q. ~.rrirr rang ni prices. being gov
ertr.i chiefly ~ ihr course of wheat
ami corn.
=: VISITORS ave fairly tive and fol
low tar c.;rr>,. If prices fer hogs. which
a'r IA good supply, and receipts Of
VII .t 2~e ~aEirc,rI 10 increase because
u. rs" .,..;iHI 81 Il large number Of
o.. 3" on {" @faSs IN he ::ear future.
iii" "~'>i.''r III ni. uI grain in the
Uui'tF, ~.a-", a'tl Canada shows the
:n,i" >srEr..angr fort ] week: Wheat
d.rlr.:,,. I..og.,r3 hH. corn decreased
i.-lStGi bl and oats increased 1.HS9.-
tu5 ht
ADMINISTRATORS NOTICE.