The commonwealth. (Greenwood, Miss.) 1896-1923, 1897-07-29
Duh's COMMERCE. REVIEW.

The End Of Iurer,siuty degrading tn
Iarir Gives stronger |onTdcnce To Al
a New Element of Encouragement,
Pound la the Increased Re ripis of Col,
rHm the Sew Fleids In iIa-ka.
NEW YoRK. July Ell. &. Dun s
Co.'S weekly review of trtuie eu's:
The end Of uneerta iutY rpaHrdtna
duties on imports gives stronger conf
dencc alike ~ those wlo have opposed
and those whohaye ffgored the change
/, The great strength n stocks, particu
larlr.H i.Hs Of the granger list. re.
ircts assurance Of heavy crops The
remarkable rive III wheat, notwith,
standing that assurance, i, based on
heavy buying for export and belief that
foreign demand will be large. TO
these must he added another element
Of confidence scarcely observed Il week
ago. The heavy increase in the re-
ceipts of gold, whether from one side
Of the Alaska border or the other,
swell deposits ut the minis and in the
banks Of this country, and If the yield
from the new regions answer current
expectations it may have an influence
akin 10 that Of gold discoveries in Cal
i@tOrnia.
The IA rctariing force, the
strike of coal miners. has caused the
closing .: Il 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. Since July . the price
had risen r. cent, By Wednesday.
when "A reaction Of four cents was not
surprising. bat the close was Ave
eighth cent, higher rthe week. 1t is
notable that this rise came in the face
OF highly encouraging crop news,
which IS not disputed, and had for
tons and demand. actuaI buyiag for
export has at tim"s been heavy, and
loading Of cargors here and in Cali
fOrnia for countries which usually con
tribute to European supplies greatly
strengthens the impression produced
by continental reports. That there is
speculative handling behind the great
advance is evident, and the buying for
export has not resulted in Atlantic
exports quite as large as last July to
date, 1852, 40 bushels, -four included,
against 1901. 74G last year. Western
receipts, 5,252,27l bushels in July,
against 10, 27j, 257 last year, indicate
concerted delay in shipments, which,
however, rarely withstands the inhu-
ence Of n substantial rise. Corn ex-
ports are still heavy, $685., 500 bushels
in July, against 2, 42l 1913 last year,
which, perhaps. reflects more certainly
than the wheat movement the actual
conditions abroad.
Both because Of the season and be-
cause of the pending action on the
industrial operations are waiting
add yet with an improvement which
under such circumstances is significant.
The half yearly production of pig iron
Exceeded the last half of 1896 by 765,-
80 tons, but outside the great
.teei companies there is lit
lie activity at this time, though
hey are increasing their output. The
illinois Coal Co, has sold basic steel
or export to Germany: a New York
ale of hoops for export to Manchester ,
$ announced, and additional orders for
Pennsylvania iron bars to England.
iessemer pig is a shade lower, with ;
thcr quotations unchanged, but the
for plates, sheets, pipe and .
tructural work is growing. =
Minor metals are in better demand, ;
in at Si3.95 and lead at SS. 10, and cop
or is sustained at II l-sc for lake ex-
ortS, though the June production was :
l,G73 tons, and that Of the half year :
6ti tons. .
There is Il general advance in boots =,
nd shoes averaging about Us per cent. :
18th a larger demand as dealers lose 9
ope of lower prices, but leather is un- :,
hanged, and hides at Chicago average :,
per cent lower. ,
The teXtilc industries have lost no :,
round, nS the curtailment Of produc- :,
on in cotton for II time is really a '
ain.
The demand for woollens increase as r
low and medium grades. with re- =
,rtcd large sales at advanced prices =
) to 10 per cent. over last spring. :,
peculative sales of wool continue y
rye and prices are very strong; cspec-
lily at the west.
Failures for the week have been OF
the United States against Isl last :,
,ar, and IS in Canada against 20 last 4
ar. :.