Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1896-10-15

New York, Oct. TO-. r. G Dn, 80
that distinctly better conditions ~
appeared Of late and are reflected =
somewhat larger employment Of 49,.
in larger Transactions, and in tho -"
tinued buying of materials for man
facture. 4 great part OF the cbons
Is due to those resistless laws u ~
ply and demand which take ,rhe
where 1t Is wanted, and gold wbara \
is wanted. India is waiting for %.
goes OF wheat on the way from the %
cine staes, just as Australia and SOUS
Africa We're not long ago. The ~
Plus usually available from India n,
appears and surplus from Russia and
European countries is reduced. accord
ing to the latest reports by seventy
five million bushels. Hapnilv M,
country has supply which Official g.
counts have not correctly measured "A
actual government reports do NOT great
ly mislead Western receipts for n
week are 7,244,000 bushels against
35l, 900 last year, and this follows III
increase Of fourteen million bushels III
receipts during the quarter ending
September 80. Atlantic exports "A
2,069,009 bushels of -four for the weetl
against 1,70S,000 last year, are not we'd
SO large as to force the prices upward
If European buying, based upon En-
ropean needs, did not control OH \
markets. There is also an unusnallJ
large foreign demand for corn.
Iron furnaces in blast Oct. l. had n
ofracity of $4,000 tons weekly against
10000 September /, and 217,OOO MOI
Vember l, last year, while unsold stocks
decreased $4,000 tons, but if steel max ]
ing concerns were included they would
probably show an increase. The buyl
ing of materials continues but bessel
mer is a shade weaker, 11.40 at Pitts
burg. The demand for products Is sd
light, and SO much business is held
back pending election that the decreas
ing output Is not an unhealthy sign !.
There is quite good demand for
sheets, especially at the west and
rather better for pipes. and outside
concerns are getting large contracts I'M
steel and iron bars and in nails, but
prices are not reduced Minor metals
are changed a little, with a slightly
better demand for copper. Lead Is
quiet and tin weaker because OF yis-
ible supply of 5,400 tons, which is eight
thousand greater than year ago
Textile manufacturers are gaining a
little. The buying of cotton is checked
by heavy receipts from the planta-
tions. Failures in the United States
for the week were 296 against 26S last
year.
New York, Oct. 10 The statement
compiled by Bradstreets shows a total
Of the bank clearings in the principal
cities of the United States for the week
at $1,058, 172, 400, a decrease of sos per
cent. compared with the corresponding
week last year. Bradstreets weekly
review of trade says the colder weather
with continued heavy receipts Of cotton
and wheat, and other influences have
stimulated the demand for staple goods
at various points, but the volume OF
trade remains moderate, without any
material change from a week ago. Inc
tendency at some centers is to a small
er volume of trade, bit the general out
look is for an improved demand after
election. Interior merchants adhere
to the hand-to-mouth policy OF buying
and wholesale merchants are inclined
to examine into credits closely. TX
cept in cotton and wheat regions, mer-
camille collections continue unsatisfac-
tory. Trade improvement is reported
from Atlanta, Augusta, Charleston,
Birmingham, New Orleans and Texas
cities. Pacific coast reports show an
increasing activity in wheat.