The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1897-10-16

mt'>.
=. ~
'"'- .''."-t.~ 20.
81. - .,
- 80, .r!r! =, !,- - in
81. -. "..!"'.t ,.r, $50.
...'' az ..,."tti INV. a.. .i.rr
e. .i"tS liz Tie dru,'! >",r as of Ito.
III h. "h.ch have En. - ....y arrc,-,!
i.rr diSi r!.,IHi um Of grIrcrai n.archaa-
diSe, the i'ank 'l~ariugS for ti!r. week
show a Large Increase 0vc' It's pre,!~c,s-
SOr. The increase, cOMIrI aS IL does
when these adverse Influences might
be expected Ia reduce the Volume of
general business. and when the stock
market Is inactive and lower. NAV
reasonably be regarded us an inGica
ton OF expansion in Industrial and
commercial affairs not COSBY allied 10
What is ..gLaed the wholesale trade.
Thr New York banks have suffered
less by "A withdrawal of deposits, and
The reduction OF reserves. which the
,Gld imports that have begun on Il
laIrly liberal scale viii doubtless keep
above the legal limit. While ;hr flow
OF yellow metal TO OH shores will aid
III increasing the volume of business
throughout Jul country. it will CORE
S~pondingly depress business abroad,
which. Judging from the tenor of recent
adyices. is dull and unsatisfactory.
Under such conditions foreigners
will naturally buy American products
rs Sparlngiy as possible, ard endravOr
TO protect their gold reserves hv every
known expedient. While they may be
able to curtail purchases of many of
our products. they are for the present
NJ dependent on lis for wheat that de
spite their dilatory tactics they c;innOt
avoid the issue. and there are indica-
lions that they must soOn renew tiieir
buying on a more liberal scale. Con
I ncTrlal Europe. which is in m!"!i bet
ter position than is the United King
dom to await developments, is appar-
entity becoming anxious over the I'M
favorable crop prospect reports from
Russia, Argentina and America and is
likely at am moment TO become 81
Strong Il bidder as to compel the reIuct-
ant En%li.h to begin providing for
future wants.
The strength of the situation largely
lies in tie iEeagcrneSS of United King
dom stocks. which have been reduced
fifty per cent since July LIST. and
in its hardness of provision for the
future. Decreasing American and
Russian experts will dOub. less stimu-
late tUreigh buyers TO greater activity.
and the Iril.lvorablr prOSpt ct for next
year winner wheat crop Iii our country
Viii tend TO curtdil receipts at primary
points. hi"h. although they have thus
!aT hp"E .rsrTc- have been Insufficient
/" prevent Ill aggregate decrease in
L." public warehouse stocks of eight
T." i'm: Fr mary markets since July LIST
81 Hiufr than 1910. G30 bn. When the
i:..ttc' mr'.;S offered for the imm"diate
~IGi"GgGing of wheat received from
Ia:iGurS-ilrouglI tie relatively higher
s!icr5 for spot grain-are considered.
ais reduction is significant. and Sur-
ISIS that when northwestern receipts
h;.e ind / &C export demand increases
h: ,i-iJ!C stocks may become alarm
,ag'v -mall.
Ia. prolonged ,lrOuth has uulonbt-
z II ::!%.clially cur;ri!r,I ;ir rIusI,-..t-
5FG "EN? -. e: II tt:r'5 TUp by I..lNimw I
- p'Uming AMI H. S.rnring much seed
3 - he " minated thereby contrib
| .ir~ "a j.r grITiiy al The situation.
- Ills EtSerYc f;Cm previous
ops is &c small 10 wen supply the /
sai't'f''a tss-C vi lilE II. ~ . Nf.s' . .
,T;.:u,t a. i.i- relied upon 10 furnish
:"iim cor another years def" ;mry.
III. M quincy uf The supply iur the
"'-'; - 'tr.n"mh renders the condition |
f next We. rs crop Il factor Of more
sd It's u~l.ai pn:ency ard will exert
- /" 900. influence in determ;..a ,
;.0r.
. a. aiatiye interest in or n.3r-
- ? .-- -, 1ptr4tn, .,,1 III, r..,.,t
I.r.'r : Yri,1cd Il liberal ,.rrIt interest /
W, =. jhr >;h<,ri ent hH-r hl, not
,~l';.ii"a v,l. iIHa ls as have. been pSnr-
~.-,iiI, active in the MAJ future an
have attacked the market whenever
;ar!c has been even Il suggestion
L rain. Tue long interest has been
inHi Iis:ir disturbed by the reactions, |
Il. ,r,:. -. oHirnt to await the renewal
a. ,.., IN nui inE.
IN" t. oHtli has undoubtedly made
,~.:iria iuroadc in the supply of corn
-" '"n Issuing year, by compelling
ate ccEE;al ferdipg MUCH earlier
* c:u;iOniafy. Which will in due
IT,. ,,r.z' its value. Thus far the
al. tva!lablp stocks have been a bar
irr Is an advance. and what little
'r~4irth The market has shown has
vu rlrriYei :rum its sympathy with
hEat Exports have decreased mate
hlp'.r and ralern -tOckS have not been
,u..>;,"r-d rapidly enough to create any
:m-r...i3rat iii the demand for I'M
urli".ru:" Crop estimates are being
20" %! la. most optimistic prophets
80 ~ &iHG Il lighter yield nan
;i.,a = .':iI:'!.
"'r ..,:,H, a.r,ly Of grain in the
5000 EE.-,ltl1 ghONVS fna