Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1895-02-07
TRADE OUTLOOK.
General Business Not Aided by
Events of the Week
Average for Commodities Touch the Low
est Point Recent Hopes Not ResI-
ized-Everything Tends 10
Depress Prices.

NEw YORK. Jan. OR. g. Dun &
Co.'S. weekly review OF trade says:
Events have not helped business this week.
About $40 $4,000 gold has been withdrawn
from the treasury mainly for export. and
the gold reserve has been reduced to about
$4,000 600 Since December the treasury has
lost Ia thrty-nine working days. about s5s :
100000 gold. and daily Increasing distruSt Is
liable 70 affect markets unfdy0rnbly.
Lowest Point Touched.
Industries have not YET found Sufficient
demand for their products TO prevent furthe r
decline in prices. and this week the ay-
.erage for All commodities has again
touched the lowest point ever known. Tho
number of hands employed does not increase,
and strike has cut on for more than week
about half the business OF Brooklyn To some
extent affecting trade here Congress has done
nothing 10 replenish the treasury. and great
variety Of financial doctors, each Offering his
remedy, does not promise health for the pa
tfent Another offer Of bonds. under the did
law and existing circumstances. might result
unsatisfactory. Az bottom business hesi-
tates because the future Is clouded and the
consuming demand has not Increased in Janu-
airy as was expected Ia belief that 1t would.
industries had enlarged production. and until
IL does the excess OF producing capacity con-
stantly tends TO depress prices.
Wheat, Corn aud Cotton.
Wheat has sold at the lowest point ever
known for May option and spot has declined
four cents for the week. liquidation OF the inn
mense holdings of the Fair estate being ru-
mo,ed For most peope, the great Wis
ible supply and the pressure Of the
quantities carried for speculation IN
elsvators Justify extreme lower prices. as
there is nothing as yet to indicate material de-
crease In the crop Corn has declined el4c.
though receipts are shrinking Liquidation
in pork has brought Il sharp decline Cotton
barely escapes the lowest point record
Gold Exports.
Exports OF - $50, 900 gold this week making
about &~0,0)0000 in January. have been partly
for Illinois Central settlements, but mainly
due to Withdrawals of foreign capital Consid-
cradle sales OF stocks and OF high priced rail-
way currency bonds, seller fifteen days. show
DOUBT about the monetary future or the
same significance are purchases OF bills for flu
ture remittance by Importers as a change In
the currency would subject them To loss Many
bankers talk seriously OF the danger that a
silver basis may suddenly come. unless con-
gyesennal inactivity ceases
The Failure Record.
Liabilities OF failures for seventeen DAYS OF
january we're ~. sol 800, against &l3, 6dg go in
eighteen days last year. manufacturing liza
biiities were ti ,b7e0ss, against % ORE ss7 last
year, and trading eb,s94 100. againss e6.e00. s5s
last year. Failnres this week have oeen s6e In
the United States against 4so last year. and 50
in.Canada' against IS lsst year.
BrAdstrsst's view.
Bradstreet's says:
Special teiegrzphIc and mail advices from
the more important distributing centers fail
20 reveal any marked Improvement in the
movement OF merchandise and products and
the conclusion r. forced that the general trade
situation remains as previously characterized
r-by small volume. low prices, hand to-mouth
sales. snd the outlook faF oripg 8 very con
servative trade for some time to come