Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1893-08-24

New York, Aug. 1S.-Dun & Co.'S
weekly review says that faint and vet
definite signs of improvement are all
the better because they come, not from
possible delusive hopes or from none
tary foreign aid, but from the good
sense and wonderful recuperatiye pow
er OF the people themselves. Business
Is trying TO go ahead without waiting
FOR Washington. But little money
comes back as yet from timM boards.
and the paralysis of exchange is nearly
as complete as ever, but that very fact
pushes each section and city into re-
lying more on itself and less on Wall
street. Assumptions are now becom-
ing frequent, and in the very shrink
age Of production men see evidence
the demand must soon Overtake the
supply.
With shrinkageS in the great indus
tries, 1t is surprising that railroad
earnings do not decline more, the de-
crease on the roads reporting in Au-
gust thus far being Is per cent. The
decrease of % per cent in clearings
outside Of New York last week and 30
per cent this week, are only natural.
More money is now found for CONNER
clal loans and failures of banks have
become both less important and less
frequent, though the greatest caution
is shown in accommodations. The re-
ceivership for the Northern Pacific was
so fully discounted that it produced lit
tie effect. The prices of securities
yielded comparatively little Cotton
fell quarter of a cent with somewhat
better reports of the probable yield.
Wheat drags near the lowest figures
ever known in spite Of a decrease in
the visible supply, for, though western
receipts are not large, the stocks on
hand are far beyond the power of spec
ulatOrS to carry with the money mar
kets in their present condition. The
movement of corn Is decidedly large,
with crop prospects improving The
important relief comes from the abate-
ment of the drain upon the savings
banks. The commercial failures this
week number 455 in the United States
against 1872 for the same week last
ear.
Bradstreet's weekly article on the
state of trade will tOtIOrrow embodv
the following: There are evidences of
an actual increase in demand in GER
tain lines, such as that for dry goods
at Chicago, and for shoes at st. Louis
At Cleveland and Louisville actual
Improvement or an expression of re-
the feature. Even at Detroit, Milwau-
kee and Omaha, where there is no
tangible improvement in trade or bank
ing circles, there are reports of bet
ter feeling, based on the confidence
that congress will repeal the silver
purchase clause. With the exception
OF this better tone in the west, the
general situation is unchanged. The
widespread use of certified checks as
currency is feature of the week. Gold
receipts for the week aggregate S1O,-
100000.
The available stocks of wheat con-
tinue to show weekly net decrease
from Australia, the United States, Can
adj; and Europe, Notwithstanding a
gain of more than 100000 bushels in
the stocks afiOat for the latter part
last week and exports of wheat, Of
both coasts, continue to vie with these
in former periods of the heaviest ship
ment, the total being 6,192,OO0 bushels
this week against ), 10000 last week
In the south there is a scarcity Of
money with which to move the cotton
crop. The business situation on the
Pacific coast is improving.