The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-09-04
DUN'S WEEKLY REVIEW.

CONSIDERABLE REACTION OBSERVED IN !
THE SPECULATION MARKETS.
sixteen Iron Works Have Begun Opera
ton During tho Past Week--Receipts OF
Corn Bear Strong Testimony to the Seri.
business Of Foreign Needs.
R. G. Dun & Co., in their weekly
review of trade says: Speculative
markets have their returns of reactions,
but business has none this season,
gaining with a steadiness which is the
most gratifying. The starting of
works, increase in hands employed,
advances in wages and in prices of
products and the heavy movement OF
,orps are facts before which all specu-
Iative influences have to bow.
The weeks dispatches mention l6
iron works which have started against
one closing, Is wooden works started
Ind so in many other branches, while
many moro works have increased force
md many are preparing to resume and
some increasing wages. While these
things continue-with grain rising and
going abroad in enormous quantities
money markets have reason for bound.
ing confidence and speculative markets
Tor strength. Crop prospects, are CON
Trajectory, as usual at such 3 time, but
It is noteworthy that none of themindi
:ate anything'less than an ample supply
If the great staples. Wheat rose over
Xix cents Saturday With exaggerated
reports of injury, fell nearly &c, advauc.
I'd DC and then declined sharply, clos
mg 10 lower for the week. That some
harm was done to spring wheat in three
States appears, but no accounts entitled
20 respect indicate damage reducing the
yield below $40, 900, 900 bushels, which
be- 25,O00,000 larger than any other
crop, except that of 1891. In spite Of
great lack of cars wheat receipts were
l,349, $50 bushels for the week and for
FOUR weeks Is, 5S9, 681 bushels, against
Ia, S96, 647 last year. and at Atlantic
export points, exports, -four included,
we're 1885, 1863 for the week, against
!.2O7, SIG last year, and for four weeks
l3,387,687 bushels, against 7,3l0,177
bushels, last year.
Receipts of corn bear strong testi-
nony to the seriousness of foreign
1eeds, being 6,840,144 bushels for the
week, against 2,Sl3,9l9 last year, and
Atlantic exports in four weeks have
,een 10, 466, 478 bushels, against 5,617,-
10 last year. The price rose tic for
he week. ....
Sympathy with other markets rather
Than repeats of injury which capable
authorities deem not important, &C.
counts for the advance of 3-16c in cot.
;on. But the mills are resuming work
With rush and will require heavy sup
plies of material to meet the large de-
nand for goods. A general replenish-
nent of stocks by dealers will call for
heavy additional supplies. The wool
market also remains in greater strength
md further advance in some grades,
he heavy buying Of woolens, which
las set many mills al work night and
lay.
At last demand has so far overtaken
capacity of iron works that prices are
growing stronger, Bessemer and grey
'orge going Csc higher at Pittsburg,
md pig in eastern markets as much
higher, because rebates and concessions
ire stopped. Billets are 81 per ton
higher, structural angles, bars and
plates about as much, rods $3.50 and
$500, and wire nails So per key higher.
The demand is also heavy for merchant
pipe and steel and sheets are very &C.
i've, The advance in iron and steel
prices averages 81 per cent for the
week. Buying of ore continues heavy,
100, 900 tons in two weeks, at Cleve.
and and among the iron works starting
IRE four more furnaces.
While tin is weaker at 1870, with
arge arrivals, copper is quoted at Ito
tor lake by large orders and deliveries
md lead is scarcely obtainable below
lc, sales having been heavy.
Hides are again stronger at Chicago,
The packers no longer lead, but coun-
Try hides are called scarce, although
,attle receipts at the four chief mar
kets, Isl, 400 head are the largest fol
the corresponding week since 1892.
Failures for the week have been 223
n the United States, against 288 last
year, and 81 in Canada, against 80 last
year.
| A Grain Cut.