Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1894-01-25


OIL S'o'o"VoeO Cnitd States . per cent
ten year bonds. The decision of the
secretary OF the treasury gives much
Subtraction. Gold not represented by
certificates has fallen below $4,000.
oOu. and revenues continue to fall be-.
hlnd last year about $4,000. 900 Deg
month and the action of congress in
various financial measures is liable Ar
any time TO excite doubts whether gold
payments can be maintained. Hence,
the repleniShment of the gold re-
serve was necessary to Il restoration
of confidence and a revival of bust
ness. The immediate effect is not
great. though it is hoped industry may
be enliyened.
While the industrial improvement
continues in the main slow and the
increase i'll purchasing power by the
people by enlargement of the force at
work is increased, this is, in Il measure,
counterbalanced by a loss in the pur-
chasing power of the people through
a reduction III wages.
During the past week dispatches have
told Of reductions averaging 13 per
cent. in fifteen iron and steel works
and averaging Il II per cent. in eleven
| textile works, five employing thpu-
sands of hands, each having reduced
wages 20 per cent. Meanwhile twenty
FIVE textile and eleven iron and steel
concerns have resumed, wholly or i'll
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,OS2, 300 last year. Though more mills
are at work and there is more buying,
prices have nevertheless declined, So
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 in iron and steel products,
but at lower prices. Cotton has fallen
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
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 80 per cent, while in eX
ports gain Of $2,300,OOO or nearly 20
per cent. is shown. A greater conf
dence abroad in the financial future
would be especially serviceable in
coming months.
Failures for the week numbered 401
in the United States against 300 last
year, and forty-siX in Canada, against
fortytw last year.
New York, Jan. 19.-Bradstreet's re
port of the past weeks trade says
that special kilograms from many Of
the more important cities, based Oh
interviews in the leading lines Of
trade, make it plain that the improve
ment reported a week ago, character
lied as a 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 q better tone and
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 and
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 a fair volume Of orders for
spring goods. At st. Lewis the demand
for groceries, dry goods, shoes and
mats 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
mercial travellers have been sent out
by io6bing houses at almost all the
large distributing points. but com
marcial conditions are irregular, show
ing relatively greatest improvement in
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 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 1882, 900 bushels this week,
( per cent. more than last week and
about tenth smaller than a year ago.
Only 404 failures in business was re-
ported this week, against 4S4 last
week, 300 a year ago. An increased
lemand for sugar yesterday advanced
he price of both raw and refined 10
ent. The very mild weather at Omaha
.hecked trade there Collections are
low and hogs are off ten cents. Whhe
here is a better feeling at Milwaukee,
lue largely to bank resumption, the
in demand for staples is
low
New York, Jan. ia statement COM
,iIed by Bradstreet shows the total
,ank cIearings of leading cities of the
United States for the past week were
1924, 925, 325, a decrease of 1868 per
tbn