Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1895-04-27
STAPLES IN DEMAND
Prices of Wheat, Beef, Oil and
Cotton Goods Enhanced.
TRADE OUTLOOK is BRIGHT
False values Placed Upon Few Com
modities, but Business Il Better
Bank ciearanees of q Week.

New York, April ls.-R. G. Dun q
company's weekiy review OF Trade to-
morrow will say:
In every speculative depay tment the
business II growing. but this IL really
the least satisfactory feature OF the alt
uation. Cotton, oil and wheat climb
above the export price. 80 that the mar
keting OF products abroad must De
checked. and money liz absorbed which
ought to be emptied In productive In
dustry and in the distribution OF prod
ucts 10 consumers. Everybody knows
that oil has not risen 200 per cent, be-
cause II Is intrinsically more valuable.
nor is wheat actually worth more than
II was two or three weeks ago. but the
expansive and uplifting force has for
tunateiy taken TO speculation rather
than to production. and so we have high
err prices in all speculative markets.
without a large demand for consump-
sion.
Wheat has advanced over cents dur
ing the past week and the western re-
ceipts are small, only 1909, SAG bushels.
against l,766 SEQ last year. but Atlantic
exports for three weeks Of April have
been only S.666. ash bushels. Uour mciud-
ed against $780, $50 last year. and there
Is no Indication that the foreign demand
viii increase while the prospects for this
years crop are considered excellent.
The most pronounced feature is the
price In the rise OF beef. but which is
largely due 10 the control OF the sources
OF supply by a few strong corporations,
There ought to be sufficient power In
the hands OF the government to meet
such conspiracy against the public. and
the proposal of Secretary Morton to ad-
nit Mexican cattle on easy terms. Tor
the benefit OF consumers. Is heartily
commended. The actual decrease In
receipts OF cattle at the four chief west
ern markets has been zoo. 600 head during
the frat quarter Of 1896. and the guam
tity killed has been only $4,000 head less
than last year, about 10 per cent. But
facts have little TO do with prices in
this case. as In the case OF oil.
In iron and steel the situation Is rath-
er disappointing. Although the output
continues large, the demand for finished
products does not seem 10 increase.
The sales of wool at the chief eastern
markets have teen is.334. 600 pounds Tor
three weeks of April, against JACOBSON
last year, which indicates that the pro
duction OF goods Is at present larger
than IL has been at any time for nearly
two years and while foreign compe-
tition In seriously felt, In some branches
the manufacturers are making vigor
ous effort to retain the home market
even In lines which they mt one time ex
pocted to abandon.
The failures during the last week wer'
a&i, against 2ia last year.
BRADSTREET'S LETTER.
New York, April i9.-BradstreetS to
morrow will say:
The volume OF general trade ha
maintained the previous weeks proper
tions. and ut come points shows "a note
worthy increase as compared with IN
total n year ago. The reaction In petfo
leum prices appears to have been ovei
come and the tendency IL again w
ward, based on a drop In stocks froI
about II. OOU. 900 barrels of Pennsylvani
oil In January. 1884. to less than 1000
900 barrels of merchantable oil.
marked has been the appreciation
price OF petroleum that speculation ma
been excited. Further advances In qu'
tations are noted also for wheat on In
proved demand for exports: cotton on
wide consumption. present and prospe'
tive, OF print cloths and other cotto
goods. because OF higher raw cotto'
Bessemcr pig iron. on the increase
the cost of ore. coke and labor. an
shoes and leather. on the further still
ening of the values of hides.
Exports of wheat from both coas
of the United States this week Ciour u
ciuded as wheaO show third week
gain In succession. with the tot
amounting 20 $4,000 bushels. again
a,ps4,o0 bushels last week.
BANK CLEARANCES.
New York. April is.-The followir
table, compiled by Bradstreet's. shoy
the total ciearances at the princio
cities and the percentage of increa
or decrease. an compared with the CO
responding week last year:
Inc De