Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1894-11-01
BUSINESS REVIEW.
Dun and Bradstreet Report on the
Commercial Outlook.
Features OF announcement = Business
However, According to the Former,
Has Not Yet Answered Expecta-
.ions-The Failure Record.

NEW YORK. Oct. 20.-R. G. Dun &
Co. S weekly review of trade says:
Cotton below cents and wheat below s.
cents-each lower than ever since present
classihcations were known. with exports o.
gold instead Of products at such prices in Oc-
tober are the salient features Of business this
week Distribution Of goods TO consumers goes
on fairly with gaihs g nearly all points in COM
parison with last year, but not ct at rate 70
sustain the present volume OF manufacturing
production. 50 that prices weaken a little.
The domestic trade represented By
railroad earnings in October is 81 per
cent less than last year, and 1874
per cent less than In 1922 The
payments Through the principal clearing
houses for the third week Of October are 23
per cent. greater than last year. but 3i.5 per
cent less than ia 1892 The daily average for
the month Is SO per cent. larger than last
year. but 2s.2 smaller than in 1892. With
many features OF encouragement, business has
not yet answered expectations, and il Is evi-
dent that the loss Of part Of the corn crop and
the unnaturally low prices OF other staples az
feet the buying power Of millions.
Weaker Prices.
Wheat for October delivery fell 70 54x cents
on Wednesday and In spite OF some recovery
the average for October thus far is cents be-
low the lowest monthly average ever made
which was in September and was nearly 10
October average being 50 cents below that Of
October, 1891 or 1890
Corn declined NC during the week. with re-
ceipts not a quarter OF last years. and exports
not a tenth. Pork products we're somewhat
weaker, with lard quarter lower, Cotton sold
at b.94 cents on Thursday. and with Ellisons
estimate that the world will consume SPAS, 900
bales OF American, the stock Of 20O0 600 bales In
sight and the estimated yield OF over 100000
bales deters buyers.
Increase in Imports.
1.-The increase in imports exclusive OF sugar
was over IS per cent In September. and In two
weeks OF October at New York over % per cent.
With this heavy increase In purchases. and
decrease In sales OF products abroad the mar
ket for foreign exchange is In position to be
quickly affected by Withdrawals OF capital or
Rpprehensions regarding the future peace OF
Europe
Retail sales Slow.
The dry goods business and textile indus
tries were especially favored by the demand in
August and September Wholesale and re-
tail stocks have been replenished and BUSH
ness waits for retail sales. which are as yet
slower than was expected. In cotton goods
the new business has been narrow and resump-
tion by Fall River mills has depressed prices
TO some extent The boot and shoe trade Is
doing remarkably we'll The iron and steel
business makes better showing this week
The FAILURE Record.
The failures In October thus far have been
quite moderate in strictly commercial lines.
the liabilities amounting 70 90. s2i g37 OF which
81 7g3, 500 were OF manufacturing and 81 g96 e36
Of trading concerns Some failures OF banking
investment and loan concerns not here In
cluded. have not proved OF general importance.
During the past week the failures have been
2bs in the United States against S4t last year
and % in Canada against 20 last year"
Bradstrs Gets View.
Bradstreet's says:
With few exceptions heieadlng features
Of the business situation this week have been
those Of continued moderate Improvement al
though the total volume Of business so far a )
Indicated by bank cleartngs throughout the
country, will require considerable expansion
70 compare fayorably with corresponding to-
tails two years ago. Nearly all the more im-
portant business centers west and northwest
Export moderate activity, but few OF them an