The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1897-07-31
puN.s COMMERCIAL REVIEW.

The End of Uncertainty Regarding the
Tarin Gives Stronger Confidence to All
"A New m of encouragement is
Found In the Increased Receipts OF Gold
fom the New Fields In Alaska.
New YORK. July 24.-R- G. Dun u
Co.'S weekly review of trade says:
The end of uncertainty regarding
duties on imports gives stronger conf
dence alike to those who have opposed
and those who have favored the change.
The great strength in stocks, particu-
larly in those of the granger list, re-
fleets assurance of heavy crops. n
remarkable rise in wheat, notwlth-
standing that assurance, is based on
heavy buying for export and belief that
foreign demand will be large. To
these must be added another element
of confidence scarcely observed a week
ago. The heavy increase in the re-
ceipts of gold, whether from n /
of the Alaska border or the other.
swell deposits at 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 to that of gold discoveries in a
ifornia-
The one retarding force, b
strike of coal miners, has caused the
closing of a 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 2 the price
had risen IL cents by Wednesday,
when a reaction of four cents was not
surprising, but the close was five
eighth cents higher for the week. 1t is
notable that this rise came in the face
of highly encouraging crop news,
which is not disputed, and had for
support nothing but foreign condi-
tons and demand. Actual buying for
export has at times been heavy, and
loading of cargoes 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, 44O bushels, -four included,
against 4,96l, 746 last year. Western
receipts, 5,252,2 71 bushels in july.
against 1O,2I5,257 last year., indicate
concerted delay in shipments, which,
however, rarely withstands the intiu--
ence of a substantial rise. Corn eX-
ports are still heavy, 6,635, 800 bushels
in July, against 2.421 1893 last year.,
which, perhaps, reflects more certainly
IL IL .L,nA -n~rnrnnnf tho nnfnll
conditions abroad.
Both because of the season and be-
cause of the pending action on the
tariff industrial operations are waiting
and yet with an improvement which
under such circumstances is significant.
The ~half-yearly production of pig iron
exceeded the last half of 1896 by 1857
SIS tons, but outside the great
steel companies there is lit
tie activity at this time, though
they are increasing their output. The
Illinois Coal Co. has sold basic steel
for export to Germany; a New York
sale of hoops for export to Manchester
is announced, and additional orders for
Pennsylvania iron bars to England.
Bessemer pig is a shade lower, with
other quotations unchanged, but the
demand for plates, sheets, pipe and
structural work is growing.
Minor metals are in better demand.
tin at S13. 95 and lead at s.. rs, and cop
per is sustained at IL Use for lake ex-
ports, though the June production was
10, 6a3 tons, and that of the half year
los, 651 tons.
There is a general advance in boots
and shoes averaging about IL per cent.
with a larger demand as dealers lose
hope of lower prices, but leather is I'M
changed, and hides at Chicago average
3 per cen lower.
The textile industries have lost no
ground, as the curtailment of produc-
ton in cotton for a time is really a
gain.
The demand for woollens increase as
to low and medium grades. with re-
ported large sales at advanced prices
of 5 to 10 per cent. over last spring.
Speculative sales of wool continue
large and prices are very strong; espec-
tally at the west
Failures for the week have been 221
in the United States against ISL last
year, and IS in Canada against % last
wear.