The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1897-09-17
CON FIDENcE IN THE FUTURE.
It Is Strong and Increasing, and
Nothing Appears to Check 1t.

Nothing Appears to Check 1t.
R. G. Dun & Co., in their weekly re-
view of trade say: Not for several years
have the telegraphic reports from various
cities in all parts of the country been as
encouraging or shown as uniform I'M
proyement as this week. The markets
are called crazy by some, but fairly rep
resent the people whose confidence IN the
future is strong and increasing. Nothing
appears to check it. Rumors of injury TO
crops are not sufficiently supported to
have much influence. The one temporary
hindrance is the strike of bituminous coal
miners, which interferes as yet little Win
industries, and seems likely to terminate
within q week. The demand for money
improves, taking from New York to the
interior about half a million more than
was received during the week, and offer
ings of commercial loans are much larger
including considerable iron and steel pa
per, and the course of foreign exchange Is
generally interpreted as an indication thar
specie imports cannot be long delayed.
The greatest gain has been for agrlcul-
ture Corn has advanced a little in price,
but is moving very largely, so that the
last wears surplus may soon be marketed,
unless the new crop turns out better than
many now expect. Cotton declined an
eighth because of an estimate promising
the largest crop ever grown, but the goods
market is decidedly improving, and some
of the large mills, after few weeks OF
suspension, have resumed work. Other
farm products are doing well also, but
wheat has advanced about llasc for the
week on actual transactions, with heaVy
purchases for export. The offlclal estl-
mate of yield is entirely disregarded, ex-
hat hn
no larger than that of last year, and 1t IS
commonly assumed that the yield will be
$40. .OOO, 900 bushels or more, though re-
cent reports of injury indicating the possl-
bility of a somewhat smaller outcome
have helped the advance in prices. West
ern receipts for the week were 3,S44,oof
bushels. against 3,974, 775 last year, and
| for three weeks 11,34O,267 busheis'
against 10, ,6G.F ,137 bushels last year, while
Atlantic exports are about double last
vear,s-3.7 .7O5 .2S7 bushels, against 1,S0S,-
34T bushels last year, and for three weeks
| O S1o. .31S bushels, against ), l02,66l BUSH
| els last year. flour included for both years.
| 1t is well to notice that corn exports con-
tinue more than double last years also, IN
| three weeks S,516,544 bushels, against e.
| 1924 last year.
The iron and steer industry is pushing
forward in spite of the still unsettled
strike of bituminous coal miners, and the
enormous purchases of ore at Cleveland,
and also of billets at Pittsburg, show the
utmost confidence in the future. Many
| additional establishments, have begun
| work during the past week, and while no
material change in prices has occurred,
| the reports indicate fewer concessions to
! secure business and much steadier tone.
| The demand for finished products has de-
cidedly improved, especially in plates,
| sheets and bars, and in railway supplies,
particularly in car axles. The sales of
| ore at Cleveland have amounted in two
weeks to 100000 or 100000 tons,