Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1894-10-25

Cotton below six cents and wheat be-
low % cents. each lower than ever,
since the present clasSiticationS We're
known, are the salient features in bus
mess this week The distribution of
goods to consumers goes Oh fairly, but
prices have weakened a little. With
many features of encouragement, bus
mess has not yet reached the eApecta-
| tons and it is evident that loss OF
part of the corn crop and the unnatur-
ally low prices of other great staples,
affects the buying power OF millions.
| The western receipts Of wheat were
only 4,7OO,391 bushels for the week,
against 6G64,330 last year, and at the
Atlantic ports 6310S4 bushels, against
1884 last year, but the controlling
| fact is that no demand as yet promises
j to clear away the enormous surplus.
Corn declined II a cent during the
week with receipts not quarter or
last years and exports not a tenth.
The pork products are small and weak
er with the lard a quarter of cent
lower. With the heavy increase i'll
purchases, and a decrease in sales Of
products abroad, the market for for
eign exchange is in a position to be
quickly affected by the Withdrawals of
capital or apprehensions regarding the
future peace of Europe. 1t appears
that three trust companies here now
hold over S4O,OO0,OOO of idle money
and eastern mill loans are being taken
from New York by New England
banks, while northwestern demands
for money are unusually small. The
treasury is again falling backward in
reserve and large imports yield lit
tie less revenue than last year while
the internal revenue for the past three
weeks is $4,60O,OOO smaller than a
year ago. The iron and steel business
makes a better showing this week;
bessemer pig having stiffened to $40
90 at Pittsburg and at Chicago. and
New York has further structural and
bridge orders; but bar iron has fallen
to 90 cents for common and 81 for steel
at Pittsburg, which prices are below
those current in Great Britain. Dur
ing the pas week there have been 253
failures in the United States. against
341 last year, and AZ in Canada,
against % last,year.
New York, Oct 0.-BradstreetS-
! With few exceptions the leading fea-
| ture of the business situation this
week has been a continued moderate
improvement, although the total vol
ume of business so far as indicated by
bank clearings throughout the cOun-
try. will require considerable eXpan-
sion to compare favOrably with the
corresponding totals of two years ago.
This relatively favorable bank clear
ing report is offset in part by the
decline in prices of staples; coffee
alone scoring a slight advance.
All except the best grades of live
cattle at Omaha and Kansas City sold
for less than q week ago, while
wheat and Indian corn also have
; shown declines. The productions of
iron and bessemer steel continue
heavy as heretofore, and quotations
are further shaded. Lard is lower In
price and the prospect for cessation
of textile labor difficulties at the east
has weakened print cloth market. AS
serious as any other decrease is that in
cotton. The exports of wheat, flour in
Guided. from both coasts, amount to
3,192,O0O bushels against 100000 a
year ago.
The strength of the foreign exchange
and the gold engagements for the
week, aggregating $1,OOO,OOO, disturbed
LOT CT OF
checked activity. The current de-
creases in railroad earnings are
ascribed to the effect of heavy worlds
fair traffic of year ago. Nearly all
the important business centers report
moderate activity, but few announce
any new features. The conditions pre-
valling at Milwaukee and st Paul in
preceding weeks are practically with
out change.