Democratic Sentinel, Volume 15, Number 27, Rensselaer, Jasper County, 24 July 1891 — MARKED FEATURES [ARTICLE]

MARKED FEATURES

OF »HE TRADE REVIVAL OVER THE COUNTRY. vt Eurdpean Money Market Now Quiet—FlgIrun Trade Experiencing a Pronouno-d Boom—The touth Only la stationary— The Wheat and Corn arket*. In speaking of the revival of business, now so noticeable. R. G. Dun & Co. s review of t; ade says; The general confidence is strengthen- 1 ed by the financial news trom Europe, i which indicates that disturbance of the 1 money markets from that quarter need not now be feared, and by the change in< the foreign trade of this country, vyhichi points ti a material reduction of balances payable abroad in specie. There is a remarkable increase in theproduction of pig iron, almost to unpte edtented figures of last year. The> sudden increase in production is not in all respects a favorable symptom. Nocorresponding improvement in the demand for manufactured j roducts is yet seen, and the stocks unsold at only a. part of the furnaces are now recorded, as amounting to about 480,000 tons,, showing a very large increase, particularly in coke iron. Unless the demand rapidly imp roves tho market must soon weaken so far as to test severely the ability of some of the concerns to continue production. Already there is perceptible Weakening in the market at Philadelphia and some concessions in price are noted for pig iron and for plates, while the market for structural iron is extremely dull. As usual of late the demand for rails is scanty, the demand for railroad bonds being still dull aud disappointing. Reports from other cities are generally hopeful. Some improvement in the dema d for goods is seen at Boslon. Pros;ects are considered brighter at Philadelphia. In spite of the usual dullness of the seaso i an improving tendency is seen at BuiTalo, and lake shipping revives at Cleveland, with a larger demand than a year ago. Orders for clothing are good at Cincinnati, and the retail trade in dry goods is brisk. At Detroit manufactures move very fairly, and at Milwaukee trade is helped by improving crop prospects. Receipts of wheat, dressed beef, wool and hides at Chicago show a great increase, and new wheat comes in liberally, 85 per cent, of it grading No. 2. The c othing tind shoe trades show a largo increase over last weok, though in dry goods the trade shrinks a little. At St. Paul trade is backward but prospects ate good, and for Minnesota are especially bright. Bank clearings at St. Louis exceed last year's by 7 per •cent., and money is going out to crops along with freedom, while general trade in all lines is of fair volume. At other Northwestern points, without exception, excellent crop prospects are noted promising improvement. At Nashville trade is fair, but dull at Memphis, unsatisfactory at Litt'e Rock, falling off at Savannah, and sluggish at New Orleans, though a better demand is seen for cotton. At Jacksonville trade is better, with crops in good condition. The collapse in wheat speculation has come with a fall of 8 cents during the past week, but corn is scarce, and 3 )4 cents higher, while oats have declined about 1 cent. Pork .and hog prpducts a e higher, coffee has risen a quarter, and oil the same, but cotton is unchangthe general course of prices has been downward, as is natural at this season, the fall during the past week having averaged nearly % of 1 per cent.