Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1894-01-26

GO. review Of the weeks trade SAWS
the event of the week was the offer
OF S5O,U0,0O0 Unitd States per cent.
ten year bonds. The decision Of the
secretary OF the treasury gives much
satisfaction. Gold not represented by
certificates has fallen below $4,000
oOo, and revenues continue to fall be-
nina last year about $5,0OO.OOO per
month and the action OF congress in
various financial measures is liable at
any time to excite doubts whether gold
payments can be maintained Hence
the repleniShment of the gold re
serve was necessary to Il restoration
or confidence and Il revival of bust
ness. The Immediate effect is not
great. though it is hoped industry may
be enlivencd.
While the industrial Improvement
continues in the main slow and the
, increase in purchasing power by the
people by enlargement of the force at
work is increased. this is, in Il measure,
connterbalanced by loss in the pur-
chasing power of the people through
reduction in wages.
1 ouAiI IiSG WIEN ulSIItIueS nave
told Of reductions averaging Ii per
cent i'll fifteen iron and steel works
and averaging Il II per cent in eleven
textile works, five employing thou
sands of hands, each having reduced
wages 20 per cent. Meanwhile twenty
five textile and eleven iron and steel
concerns have resumed, wholly OF in
part, against seventeen textile and
four iron concerns reducing their forces
or stopping.
The volume of business done has in
creased in leading branches, but not
largely. Sales of wool for the week
have been 3,S39,500 pounds against
6,oS23OO last year. Though more mills
are ut work and there is more buying,
prices have nevertheless declined. ST.
! sales at Boston are about one cent be-
low prices asked two weeks ago. The
demand for WOODEN goods has in
creased. Cotton goods are weaker.
/ In silk manufacture depression con
| tinues; shoe manufacturers are doing
little more than half the usual bust
ness. Against this is reported more
! business i'm iron and steel products,
! uut dl loNtI cOtlOu HIS
| fourteen cents. as receipts continued
larger than a year ago and the demand
for consumption Is narrow. Lard and
coffee are lower. but Oil has advanced
4 cent with large trading. The gain
In distributions Of products is Still
small. Imports at New York show
for January. thus far. Il decrease Of
more than 30 per cent, while in ex-
ports gain of $2,3O0OOO or nearly 2o
per cent. is shown. A greater conf
dence abroad in the financial future
would be especially serviceable ia
coming months.
Failures for the week numbered 40I
In the United States against 300 last
year, and forty-six in Canada, against
forty-two last year.
New York. Jan. 19--Bradstrpet's re
port Of the past weeks trade says
that special kilograms from many OF
the more important cities, based Ola
interviews in the leading lines Of
trade, make it plain that the IMPROVE
| ment reported a week ago, character
| lied as turn in the tide, has been re-
tanned and added to. Exceptions are
noted at some Of the larger eastern
manufacturing centers.
Cotton goods have better tone ana
prints and wash fabrics are in fair
sale, as are shirtings. Receipts Of cot
ton continue sufficiently free to rem
der it improbable that the lowest cot
ton estimates will prove correct anu
prices have weakened accordingly.
There are gains In iron and other
manufacturing lines at Detroit, and at
Chicago sales Of dry goods, clothing
and shoes have increased, travellers
receiving q fair volume Of orders for
spring goods. At st. Louis the demand
| for groceries, dry goods, shoes and
hats has increased, as have orders for
iron and steel, the latter being equal
to those in any preceding January.
Spring trade opened fairly well at
Kansas City, though smaller in vol
uinc than year ago, and while indus
trial lines show no Improvement that
in jobbing circles is emphasized. Com
mcrcial travellers have been sent out
by iobbing houses at almost all the
large distributing points but com
rnarcial conditions are irregular, show
ing relatively greatest improvement ia
southeastern, central western and
northwestern portions Of the country
Unexpectedly the free receipts Of
wheat in the United States and
heavy increase In Australia has sur
prised trade with a larger gain Of
available stocks than was anticipated
and prices have reacted. The receipts
Of wheat from the United States and
Canada, both coasts, -four included,
amount to $685., 900 bushels this week.
4 per cent more than last week and
about tenth smaller than year ago.
Only 4O4 failures in business was re-
ported this week, against 4S4 last
week, 800 year ago. An increased
demand for sugar yesterday advanced
the price Of both raw and refined IL
cent. The very mild weather at Omaha
checked trade there. Collections are
slow and hogs are off ten cents. While
there is a better feeling at Milwaukee.
due largely to bank resumption, the
In demand for staples Is
slow.
New York, Jan. ia statement COM
piled by Bradstreet shows the total
bank clearings Of leading cities of the
United States for the past week were
1924, 1925, 1926, q decrease Of 1868 per
cent. compared with the corresponding
lost roAT