The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1895-06-15
Advances in Prices and Increased
Clearances.
WHEAT COMES UP STEADILY
And There Is Better Demand Than
Ever for Money With Which 10
Carry on Business.

New York, June s.-Bradstreets will
say tomorrow:
The speculative movement which
seemed to dominate commercial and
financial circles until a week or ten
days past is still conspicuous In all
lines. The demand Tor goods in a num-
Der of instances is smaller. While bust
ness throughout the country is only
steady, the tone of the staple market
continues strong and confidence in
good demand when the fall season
opens next month remains The feat
ure, as heretofore, is the continued long
list of advances in prices, notably those
for iron and steel, and the upward trend
of bank clearings. A decrease of over
1900, 900 bushels in the available stock
of wheat in the United States and Can
ada, with an increase of over 100000
in the amount af1oat for Europe, heavier
shipments of wheat to Europe, the in
creasing available stock there, marks
a loss of confidence in the relative per-
manence of the higher range Of prices.
The condition of business is rising,
even as it was falling just two years
ago, with surprising rapidity. The gain
has gone so far and so fast in some
branches that the more conservative
fear 1t may not be maintained. But the
period of dullness which comes in each
market after an unusual rise brings as
yet nothing like a corresponding de-
cline. Industries gain much, halt, or
fall back a little and then gain once
more. The demand for consumption is
steadily increasing as employment and
wages of the people increase.
\
bank reporting 29.1 larger in the dis
counts for the country and another 10
per cent. more commercial loans than
a year ago, and all but two report some
gain. The serious question remains
whether the crop will be full enough to
sustain the large business. But the
worst reports today are better by far
than the estimates recently current.
Wheat rose &c, fell back &c, and has
again risen SC, with a western estimate
of crop of $4,000, 900 bushels smaller
than last year.
CONSERVATIVE TRADING.
There is neither holding back by the
farmers nor anxious haste in purchas-
ing by foreigners to support the belief
in scarcity
Cotton declined an eighth with better
weather at the south, but the excite
ment and prices arose again with the
report of only 11.6 per cent. decline in
acreage. Iron pushed upward like the
great buildings into which so much OF
it goes, and the advance in finished
products has become general. OF struc-
tural steel, 12,6OO000 tons were turned
out in May by the Homestead works
breaking the record, and prices rose to
1.3c for beams.
Coke producers are said to have sub
stantially agreed upon sales by an
agency and an advance in prices to $1.5
or higher. Chicago workers are in full
operation, though the demand of the
agricultural implement makers lags be-
cause the coming harvest is in doubt.
Failures have been 1876 against 216 last
year.
BANK CLEARANCES.
New York. June THE following table
compiled by Bradstreets, gives the bank
clearings in the principal cities of the
United States for the week ending June
T. and the per cent of increase or de-
crease, as compared with the cores
handing week last wear: