The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1897-07-10
pUN's COMMERCIAL REVIEW.


Midsummer Vacations and the Closing OF
Works Cause an Apparent Falling or
In the Volume of Business DOM Whsck
ID Not Resi-The Outlook In Eve<y Way
Better and Brighter.
New YORK. July sc. R. Dun g.
Co.'s weekly review Of trade says:
Midsummer vacations have com
menced in many works with the de-
crease of orders usual at this season.
This customary vacation is called q
strike where agreements regarding
wages for the coming year have not
been reached, and the extensive strike
of amalgamated iron workers, an
nounced July 1, is of this nature; but
the strike OF coal miners in Illinois
and other central western states Il
not, and may prove costly.
In some iron and cotton works wages
have been reduced owing to low prices,
one cotton mill in Virginia closing be-
cause reduction was not accepted.
With a better demand the employers
will seek agreement, and in its alb
sence the workers before long, so that
the situation is distinctly of a mid
summer character. Large hopes are
built on prospective demand after the
tariff bill has passed, but the pressure
in the market of large importing stocks
may defer it. The general belief is
that removal of uncertainty will, in
any case, increase business.
Since much of the future depends on
crops, the frightening prospects are OF
the highest Importance. Estimates by
persons usually most p~essimistic now
far exceed any made a month ago, one
promising $40, 600, 900 bushels of wheat,
with lower conditions but largely in
creased acreage of corn.
Cotton prospects are brighter as the
crop appears to be early rather than
late in regions which were not flooded.
The movement of wheat is small,
western receipts for the week 1850, 719
bushels against 2,041, 719 last year and
Atlantic exports 2,O61, 713. flour in
cluded, against 1, 162, 172 last year, but
a strong effort to lift prices failed and
the close is ~ cents lower for the week
with corn half a cent lower. Cotton
rose an eighth with small sales.
~ " anu SOCCl luduoIIy AhlIS y
midsummer, although the demand for
finished products still increases, and
disappointment is due only to the fact
that the increase is not yet enough to.
keep all mills at work, and thus to
bring better prices, which now average
slightly lower than ever before, though
not one per cent. lower than those of
March, 1895.
The export trade is increasing and .
large order for India has just been
taken at a price said to be SIS below
British bids.
Coke production is in creasing again.
rs more iron furnaces are going into
blast, and an addition of 25 cents has
been ordered in anthracite coal.
Tin is higher at Sls.O1 with large
consumption and copper at 1OA for
lake with heavy exports, while lead
has advanced to &c cents American
makers are selling tin plate largely at
$3.50 for full weight, against s.. 80 for
foreign.
Textile manufacturers are waiting,
and cotton mills curtailing production
with large stocks on hand, and prices.
scarcely changed. while wooden mills
are gradually increasing work with
better orders, and prices incline to adj
n q shade. Enormous buying of
wool, $50, 600, 900 pounds this year,
against 102, 900, 600 last year, reflects
speculation mainly, and some large
lots have been sold three to five times
since arrival.
Prices are somewhat stronger at sea-
board markets, and SO high in the in
terror that dealings in domestic are re-
stricted, for two months 81. 900, 900,
pounds, against 55, 600, 900 pounds for
eign.
Failures for the week have been 241
in the United States, against 257 last
year, and 30 in Canada, against % last.