Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1893-07-06
A BETTER FEELING.
Business Men Think the Troubles
Are Nearly Ended.
India's Action Regarding Silver Has an
Important Eject In All Trade Circles
Record OF Failures for
Sin Months.
MORE HOPEFUL.

New YORK, July dun & Coz
weekly review of trade says:
The closing OF the Indian minis against sill
YER the fall Of silver bullion 10 90 cents In New
York and s2Atd at London on Thursday. the fall
in wheat 20 621i cents al Chicago and 20 cents as
New York, the suspension Of operations by the
miners and smelters Of Colorado and some other
silver-producing states have made the last
week one Of unusual interest Up TO the pres
ent time domestic trade has not materially
changed since last week, though increasingly
restricted by monetary uncertainties.
LEGITIMATE TRADE HEALTHY.
Throughout the country while collections
are slow and failures numerous, the condition
Of legitimate business IS regarded as healthy
and hopes are entertained that the worst has
passed The hopes are mainly based on the
belief chat the silver law viii lie repealed and
that the certainty OF lis repeal viii encourage
foreign investments here. Lower prices Of
produces also tend to increase merchandise ex-
ports
AT LEADING POINTS.
Chicago reports better accommodations for
merchants and. Though business is still some.
what restricted, collections are less einicult
The closing Of silver mines and smelling works
may lessen orders, but II IS believed only tempo
rarily. The trade with farming regions s ex-
pected to improve with better crop prospects
and larger export demand Provisions are
steady, but wheat is at the lowest price for
forty years, though now held by strong parties.
The retail trade of Chicago has been much en-
larged by the world fair Receipts Of products
are generally smaller than year ago and a de-
crease appears in clcarings and sales Of real
estate and securities.
AT Milwaukee crop reports are encouraging,
but ia ironmining sections trade is much de-
pressed, collections are slow and many extern
sions are asked St Paul reports good crop
prospects, collections slow and trade quiet ST.
Il Fae-
decrea in collections ana money in only mod
crate demand at 10 per cent Business at
Kansas City is fair, but grain receipts very light
Omahg reports active trade in groceries and fair
in dry goods, and al Denver business il moder-
ate ana collections slow. At Cincinnati whole
sale trade is larger than year ago, but collec-
tions are slow, money close ana banks cautious
AT Gle yeland there is no Improvement in iron
or ore, and lake freights are depressed At De
troit business is fair but conservative, and mon
ey close.
GRAIN AND PROVISIONS
"WIeat has reached prices regarded as out
of the question a month ago, and yet the sup
ply IN sight is very large, and returns from the
northlSes as to the coming harvest are more
faN0roD,e. Corn is lower, with very good crop
prospects, and oats about . cents lower Hog
products have declined 65 cents for pork per
barrel ana 10 cents for lard per 100 pounds, with
| increasing receipts OF hogs
FOREIGN EXCHANGE.
THE state CT foreign exchange indicates will
ir%yness to send money hither for loans or in
vestments, but the Bank of England by chang
ing the rate for gold shows determination to re-
sist export to this country. Merchandise inn
ports continue heavy while exports thus far in
June fan about s. 600 O0o behind the same month
last year.
FAILURES FoK SIX MONTHS.
"The business failures for the last seven
! days number 334 For the quarter ending June
80 the failures in the United States number
3, 1893 as against 2 1l9 for the second quarter
of 1892. For the six months Of 1888 the
failures number 6,40l against $500 during
the same period in 1892 showing an increase of
s9S. The total liabilities Of az the failures oe-
curing in the first six months OF 1898 are si6s,
100000, while for the same period in 1892 they
were t62, oOo0o0, showing an increase of $780,
600 OO0