The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-08-21
DUN'S WEEKLY REVIEW.
EVERY CITY REPORTING THIS WEEK
NOTES INCREASE IN TRADE.
The Great Crops and the Haste OF For.
eisncrs to BUY and Ship Wheat Has
Made the Week Mcmorablc-.A Decrease
in Failures.

trade, issued Saturday, says:
Every city reporting this week notes
increase in trade and nearly all bright
crop prospects. Tho great change in
business is emphasized by the presence
Of C multitude cf buyers from all parts
Of the country, by their statements of
the situation at their homes and more
torcibly yet by the heavy purchases
they are making. But the customary
signs are not lacking. The strong rise
in stocks, the growth Of the bank clear
ings and railroad earnings, the heavy
speculation in many products, but
most Of all in wheat, have made the
week one OF surprising interest, even
to those who best remember the up"
ward rush in 1879. At the principal
clearing houses throughout the coun>
try payments in July were, for the
6rst time, slightly larger than in 1892,
and ITO per cent. larger than last
year; in the first week of August TT
per cent. larger than in 1892, and % 4
per cent. larger than last year; and in
the second week of August they are
17.9per cent. larger than in 1892 and
BIZ per cent. larger than last year.
The great crops and the haste Of for.
eigners to buy and ship wheat, in view
OF shortages elsewhere, have made the
weskmemoraUfe. Taking OF profits by
apool lowered the price Sc on Satur.
day, but it has since risen Sc. West.
ern receipts, slow in July, have in two
weeks been 7,397,713 bushels, against
6,722, 352 last year, and Atlantic e1.
parts, -four included, for the same two
weeks, 6, 11403l bushels, against 1884,.
313 last year. Even the demand for
corn by greatly exceeding lost years,
shows that foreign anxieties are seri,
Gus, for $50, 1876 bushels have been
exported in two weeks from Atlantic
ports, against 2, 514,41S last year. The
price had advanced 1.12 cents, not,
>withstanding enormous stocks Being
brought over. The urgency of French
buying Of wheat, reports that Russia
will stop exports in order to keep sup
plies for itself and continued shipments
from the Pacific to countries usually
having surplus, make even the largest
estimates Of C probable supply not too
great for the possible demand.
In all the great industries a large
demand for products appeared, with
strong speculation in materials and in.
Xtermediate products. In the iron and
" steel branch, starting Of many works
after settlement of wages keeps prices
low and even depressed some, But the
fact that the demand is growing leads
to heavy purchases of iron ore, 200, O00
tons at Cleveland in week, and Of bill,
lets, 10000 tons, while concessions re-
Gently reported in pig iron have ceased.
The output OF furnaces August J.. was
l65,317 tons, against 164, 0G4 July 1,
and the decrease in known stocks IN
sold indicates consumption for two
months past averaging $4,000 tons
weekly, which is more than in the
same months of 1892, though with the
greatly increased capacity Of works
now.
Sales of tin are moderate, of copper
to American consumers large, it is said,
at lie for lake, and of lead at 3.721,
with speculative realizing, but heavy
sales OF tin plates are bringing slightly
better prices. 81
All textile industries are encouraged
by q greatly improved and really large
demand for goods, Which causes many
to advance in price. With production
much curtailcd, stocks of cotton goods
nre rapidly decreasing, and in woolens
advances have been made in clay worst
ed and mixtures, hannels and middle
sex suitings. Speculation in wool con.
tinues, with prices about 1c higher, but
sales OF %, 48a, 500 pounds in two week.
show the willingness OF some holders te
realize.
Failures for the week have been 239
in the United States, against 29S last
year, and 30 in Canada against &c last
year.