Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1894-02-22
BUSINESS OUTLOOK.
The Situation Throughout the Coun-
try Is Not Hopeful
Wheat, Silver, Coke and Manufactured
Articles Reach the Lowest Figures
Ever Known-More Factories
Close Than Resume.
REIIEF NoT IN sIaHT

NEW YORK, Feb. 17.-R. q. Dun q
Co.'S weekly review OF trade says:
This has been a week of record breaking
In wheat in silver, in some forms OF iron and
steel In Connellsville coke and in well-known
cotton and WOODEN goods the lowest prices ever
known have been made and IL is gratifying that
failures Of Importance have not resulted
while no action especially affecting bust
ness prospects was taken at Washington, the
continued discussion q revenue and monetary
measures and the uncertainty regarding them
have constant unfavorable influence. and in
different markets have caused sudden huetua-
tons in prices.
Lowest In seventy-Seven Years.
wheat at Co.'S cents is not only lower by "A
cents than it was for d single day last year, but
lower By ga cents than ii has ever been In the
previous seveniy-seven years visible supply
OF over 100000 bushels February 10,
with sales and receipts from farms con-
tinuing large, has completely destroyed
faith in the official reports of the yield
last year and caused enormous liquidation
Receipts last week were but l,s10,3l4 BUSH
els against 2,90l.0ss for the same week last
year, but Atlantic exports were only $50 e62
bushels, against 1,0l3,0l5 last year and the re-
cent decrease in foreign demand has been an
important factor. Some trust companies have
arranged TO advance money against wheat as
collateral security, but with results not as yet
encouraging.
Iron Still Going Down.
The slight recovery In prices Of iron prod
ucts has not been maintained Bessemer pig
has declined at Pittsburgh 10 los and gray
forge TO 90 So and steel billets are sold
below SIG there while at Philadel-
phia most rolling-mill products are
lower than ever The decline is the
more noteworthy because an increase in the de.
mand is reported, both in eastern and western
markets, especially in structural forms at The
west and here where several large buildings
and fence continues remarkably large and sus-
tains prices. but rails are stagnant
More Factories Close Than Resume.
Textile industries DO not seem 10 have gained
within the last week. Tor as many works have
closed as have resumed work, and Il wooden and
cotton manufacture rather more. There has
been sharp break in print cloths to "a cents.
Some OF the best known sottons have been put
at the lowest prices ever made, and there is
more talk Of general closing of mills. The de-
mand for WOODEN goods does not improve. and
sales Of wool decreased sharply after the brisk
activity two weeks ago. being only 4,i145el
pounds for the week, against 5S26, $40 pounds
last year. Though some grades are scarce and
prices relatively higher west than here. the
markets do not advance.
Failures for the Week.
Failures for the week have been S23 in the
United States. against i97 last year, and 50 ia
Canada against 30 last year. Though several
were OF some magnitude, the aggregate OF LA
bilities were apparently below The weekly aver.
age for January.
For the week ended February the liabil.
files thus far reported were only s407g B57.
With nearly complete returns for January, the
aggregate liabilities Ia 1850 failures is $50 g46
407, Of which SILL ,305 was Of manufacturing
and SIS, 1893 476 OF trading concerns
Less business Than ia January.
Bradstreet's says;
Topographic adyices from leading trade cen
ters make IL plain that the volume of general
business since the beginning Of the month
shows decrease as compared with the
corresponding portion Of January this
year and 1t is dif1cult, Of course, 10 de-
termine at this writing how much It Is
due 70 natural recession Of the wave OF
the incoming tide. There IS disposition 70
continued disposing OF stocks and buy for imme-
dfate wants until after the tarin question Is dis
posed OF This. evidently, is having some effect
Commercial travellers for dry goods clothing
hardware shoe and other houses in a n .nber
Of ins.ances are on their way home or have ar
rived home, and report many orders Of those
secured dependent on the passage or otherwise
Of the tariff bill
over 400 Banks stu Closed.
THE report OF embarrassed banks, by classes
and states, for the calendar year 1923 shows
total OF sos exclusive OF South Dakota owing
et7o 10000 and having s164, 0oooo0 assets Near
~ one-thiro, or 1a3, have resumed business and
assets s95 10000 The remaining banks, whose
doors are still closed, number COS the aggre-
gaze debts being l04O0000o and assets SS9,-
00000 ----