The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-06-26
CONDITION OF TRADE.
LARGE IRON CONTRACTS MADE At GOOD
FIGURES.

| Wool IN Great demand ana InOQS8hOS u
Bales Boaght---Produce is Growing
Stronger on Account of Foreign Buyers.
| A Large Crop of Cotton Expected.
The retarding influence Of cold and
unreasonable weathershas passed. The
gain in business, in spite Of it, was
seen aweek ago and: r. sbecome clear
er to all. AS no gend{ae improvement
ever begins with an uplifting of prices
before the producing force has. Aecome
fairly employed; this does not, and the
buying Of 1000 bales Australian wool
Esby 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
workand more hands employed and
while produce still hinders speculative
excuses, the progress toward better
things is unchecked. Reports from
the various cities this week show q 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 7,000,600 tonsiron ore have already
been made, two million within the pas,
fortnight. It is believed, though last
years contracts only terminated about
two months ago. Bessemer ore is
selling lower by Zoe to 30c than the
outset, but the heavy demand puts
additional miners to work. The spec.
ulative purchase of 100000 tons.
Southern pig at $50 clears the deck
for large business at better figures,
and sales at Chicago-l40, 900 tons
have been the largest for 10 months.
Tin is stronger ut 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 a 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. Olothiers
are buying, and as they come late, are
in haste. Some eastern mills have
been in the market, but the bulk OF
the purchases of wool has again been
by speculative houses at Boston, where
almost ton million pounds we're sold,
against 1851, 800 at 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 a bet
Ter foreign demand, Notwithstanding
mo encouraging crop reports. No, n
oody can count the bales in Juno, but r
me outlook SO fur is so favorable that
ew make large ventures against the
'ield exceeding 5000, 900 bales. Wheat
vas hoisted nearly two conts, but fell
bout as much, closing &c higher for
ne week. Exceptional reports from
Vlnter wheat regions west Of Ohio had
much influence, but still more the
'reat but really unknown increase of
pring wheat acreage, with exceptional
respects thus far. In two more weeko Z
i June Atlantic exports of wheat and
Jour havo been equal to ,.4,997, 659 I
'ushels, against 6,2l0, So3a st year.
'silures for the weak hayf beeq 1913 in
no United States against 27S last year
nd 26 in Canada, against % last Year. j