Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1896-01-30

New York, Jan. 25.-R. G. Dun says:
The week was marked by an improve
ment apparent rather than real. The
prices of some products have risen, but
only because the supply is believed to
be smaller than expected. The senate
still injuries all business by doing
nothing and the treasury cannot expect
to gain in gold as YET, but losses were
less than were expected. 1t is generally
assumed that the new loan will be
placed without difficulty, though sue
cessive payments may cause continued
disturbance.
A deluge of foreign reports are favor
able to wheat speculation and have
found ready answer in the advance of
over five cents here in spite of western
receipts which are fifty per cent.
larger than last year.
The Atlantic exports for the week
are also much larger than last year.
The market has an idea that foreign
demands hereafter must be much
greater because of deficient supplies
elsewhere, but no one expects that the
with the enormous increase in
western receipts, the exports since the
crop began moving having been
49,, SOC, 900 bushels against 107, 1856, 600
last year. Corn advanced because
wheat advanced. Cotton rose 1s-
Textile industries do not gain. The
demand for future delivery is narrow.
Cotton maoufa nturorc have for uoOnfho
been storing up staple goods, but
prices have gradually declined ever
since October and now average GA per
cent. lower than at that period. In
Europe as her, mills are running
largely against expectations. WOODEN
goods are also lower.
Thirteen iron furnaces in the Pitts
burg region have stopped since Janu-
airy /. The demand for products of
iron has not on the whole increased
simply because bar, nail and rail as
sociations have all refused to lower
prices.
The failures in the United States for
the week were 373 against 1868 last
year.
Bradstreet's report says: The analy-
sis of the special kilograms 10 Brad
streets from important business CEN
tiers throughout the country shows
considerable irregularity in trade, the
most favorable feature being ten
dency for staple prices to advance. An
advance of three cents in wheat again
raises the question whether the be-
ginning of the end in a long period of
depression of cereals has come. The
supplies of wheat for leading import
| ing markets are now controlled by
Russia and the United States. India,
as we'll as Argentine's ability to ship
! is much restricted compared with
r,"vious years, and Australia lost her
place in the list of exporters when it
| began to import wheat from San
Francisco. Domestic wheat stocks are
! larger than earlier official and trade
estimates showed, but the export de-
mand has increased so far beyond
what was anticipated, and given so
much promise OF being continued that
bulls in speculative mrakets are
counting on higher prices.
At such centers as Chicago and st.
! Louis, reports are made that interior
merchants have been disappointed in
! the seasons business and are buying
somewhat more sparingly than was
expected.
The statement compiled by Brad
street shows the total bank clearings
of the principal cities in the United
: States the past week to have been
! 1919, 1867, 447, an increase of 6.6 per
cent compared with the correspond
/ ing week last year,