Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1897-06-25
CONDITION OF TRADE;
LARGE IRON CONTRACTS MADE AT GOOD
FIGURES.

Wool IN Great Demand and Thousands OF
Bales Bought---Producs is Growing
Stronger on Account of Foreign Buyers
A Large Crop OF Cotton Expected.
The retarding influence of cold and
unreasonable weather has passed. The
gain in business, in spite of it, was
seen q week ago and has become clear
er to all. As no genuine improvement
ever begins with an uplifting Of prices
before the producing force has become
fairly employed, this does not, and the
buying of 1000 bales Australian wool
by one Boston house and 10000 tont
pig iron by Wall street operator, and
advancing prices for stocks, are the
only proof that the actual conditions
are understood by some capable men.
There is evidence of gradually enlarg-
ing business In every important, de
partment, more mills have been set at
work and. more hands employed apd
while produce still hinders speculative
excesses, the progress toward better
things is unchecked. Reports from
the various cities this week show very
general progress and continuing large
distribution through retail trade. The
proof is clearer, as it should be, in the
industrial than in the trading field.
Contracts providing for consumption
of 1000, 900 tonsiron ore have already
been made, two million within the pasl
fortnight. 1t is believed, though last
years contracts only terminated about
two months ago. Bessemer ore is
selling lower by zoe to 800 than the
outset, but the heavy demand puts
additional miners to work. The spec-
ulstive purchase of 100000 tons.
Southern pig at 5.75 clears the deck
for large business at better figures,
and sales at Chicago-140, 900 tons
have been the largest for 18 months.
Tin. is stronger at 1875. Lead is
stronger.
The demand for print cloths, for tho
first time in many months, has exceed
ed the weeks production and the price
has risen q shade, while prints and
other grades of cotton goods are in
slightly better demand. There is
moro widely distributed business in
woolens than was expected. Clothjers
are buying, and as they como late, are
in haste. Some eastern mills havo
been in the market, but the bulk Of
the purchases of wool has again been
by speculative houses ut Boston, where
almost ton million pounds wore sold,
against 6, 551, 800 OF New York and
Philadelphia. Western operators still
pay more than eastern prices warrant.
In produce markets the year draws
toward q close with strictly stronger
prices for corn. owing to heavy foreign
buying, and in cotton, owing to bet
ter forcign demand, Notwithstanding
tho encouraging crop reports. No
body can count the bales in Juno, but
the outlook so far is go favorable that
few make large ventures against the
yield exceeding 0, 900, 900 baless Wheat
was hoisted nearly two conts, but fell
about as much, closing 4c higher for
the week. Exceptional reports from
winter whoat regions west of Ohio had
much influence, but still moro tho
great but really unknown increase Of
spring wheat acreage, with exceptional
prospects thus far. In two moro weekD
of June AtlGnlic exports of wheat and
-four have been equal to 4.997, ,653
bushels, against 6.210.S23 last year.
Failures for the week have been 19S in
tho United States against a7S last year
and 26 in Canada, against % last year.