Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1895-10-03

bingham. TIE demand for funds
there Is improving and all that ap-
pears needed is freer movement In
cotton. The advance In the price OF
wheat on reported damage to the crop
In Argentine may or may not be the
beginning of an upward movement,
but accepted statistics concerning the
supplies Of wheat Of this country, il
not discredited in the near future.
may compel wheat prices to follow In
the footsteps of those for iron. Tel
egrams to Bradstreets from widely
different points seem to Indicate
very general intention on the part Of
grain producers to hold wheat for
higher prices. This refers to spring
wheat territory tributary to Mime
apolis and to the wheat country in
Oregon.
Total bank clearings for the prin-
cipal cities IN the United States the
past week We're 1897 ,92I, 422, an in
crease of POS over ,he corresponding
period last year.
i, q. Dun's weekly report says:
Speculation Id cotton lifted the price
iive-eights during the past week and
quotations here are much higher than
at Liverpool SO that free exports can
not he expected. 1t seems no logger
possible to hope for good crop, and
the Neill Brothers have issued cir
cular predicting a yield of only seven
million laleS, Accounts OF the injury
and HISS grow more dismal each week
and while they may he somewhat ex-
aggera ted the general outlook in de-
cGealy unfayorable. But for the ex-
traordlnary supplies carried over from
last YEAR, manufacturers abroad would
be IN trouble, But prices have had a
good rise each week, adding TO the
profit Of the mills which on both
sides Of the ocean can use for some
time to come old cotton bought ut low
prices. There Is still some chance OF
a strike In the Fan River mills,
though the rise IN prices viii make It
easier for the mills to grant some adj
vances ia wages.
The wheat market has been excited
without much dlscoverable reason
and the price advanced over cents
for spot and II for December de-
livefieS, II may he said that crop
prospects abroad are not quite as IA
vorahle as they were n month ago,
and with short supply at best In
this country, the market is liable to
be unusually sensitive. Holders OF
corn have judleiously declined to
''sympathize" with wheat to any
great extent and the price Is practc-
ally unchanged. Pork and hog pro-
duets are all somewhat lower Moth
Ing Is clear about iron and steel man
ufactum but some OF the large Pitts
burg concerns, protesting to have or
ders for many months ahead. are bid
ding for small contracts In the mar
kcis AZ 81 to $l,50 per ton less than
the quoted rate
Some say that II Ii done to depress
the market and again II Is thought
that the object may be TO buy ma
terials. Contracts have been made
at the east for 100000 tons OF foreign
ore to be used In bcssemer iron maxi
ing at eastern furnaces and the de-
termination of the Marquette strike
sets free about a half million of tons
more OF bessemer ore.
There IL also n halt In the advance
Of leather, no higher prices having
been recorded this week, though hides
on the whole are a shade stronger,
The advance In wool mt London sales
speculation here, but
prices on the whole are unchanged
While the demand for dress goods
continues fair, there is no discoyerable
in mems woolens and Inn
portatlons continue very heavy.
Failures in the United States the
past week were ZIG against 235 last
year.