Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-10-01

New York, Sept. rs. r. G. Dun's
report says that a moderate and yet
distinct Improvement Is seen, not only
In the buying OF materials which con
tinues and stiffens prices, but also In
orders for products of some Industries,
In money markets and N export sta
pies. 1t is as yet little more than
step toward better things, but has al
ready started some important works
and prompted a few considerable con-
tracts.
The continual arrivals of gold have
raised the treasury reserve above $l2b,"
100000, strengthened banks and
relaxed the stringency in commercial
loans 30 that at about one per cent.
lower rates more business was done
than In three previous weeks Hoard
ing Is no longer reported, but some
boards are being unlocked. The
movement Of crops continues large
and purchases for export have adj
vanced prices or prevented depression.
While the gain in working forces Is
not great, 1t seems clear for the first
time In many months that there Isl
some net gain.
An important change IL tho general
advance In produce markets, especially
In wheat, which rose sharply Thurs
day and Friday, closing 5B higher
for tho week, with much buying, mp
parently ON foreign account. Tho re-
port OF crops abroad IL supposed to be
the chief cause, as The visible supplies
In this country Are increased largely
but for the first time since July ]
western receipts Cell below those for
the Same last year. They are stIll
large and for the Hrst quarter of the
crop this year thus far have been 52,-
721 900 bushels against 40,4li,o0o last
year, n gain of about 30 per cent. ana
II Is conceivable, but cannot be con-
sldered quite probable, that such re.
ceipts have come from crop smaller
than last years, although prices
averaged l0A lower In July and 6.S
lower In August than last year and
only fall below last years In Septom
Dor because of II sharp decline then
and at much advance now. The At
lantic exports, flour included, were
for the week little more than for
year ago, for September 1000 600 more
and q, sos, 900 bu shells since July |,
against IA l2S000 last year. If there
should come an unusual foreign de-
mand II would make great difference
with future business. Few wooden
mills are rcsumlng, the bolated tie
mand for heavy goods constituting the
most gain visible, but manufacturers
show confidence that El"ro goods Will
be wanted when the future III moro
cleared.
The finished products of iron meet
more inquiry and the placing OF con-
tracts fer Is 900 tons OF steel explains
the starting Of two or thloo works, but
with such months NJ have passed, n
little business IL gain. A sharp fall
OF S. per ton In low phosphorous pig
and q slight drop In grey forge MT PITTS.
burg and In steel plates are the only
changes noted In prices, but billets are
still sold by outsiders ut $3.50, bar
steel ut $l.05 and furnace coke below
81. The exports of $4,000 tons of rails
this year mt prices far below those cur
rent here and of $4,000 tons of pig Iron
to England at $3.50 ut Manchester
freight being at least So 10, indicate
the unloading of surplus abroad Il
avoid weakening the markets here
Tin Is II shade weaker ut 10, copper
1915 and lead $50.
nt In, Int oh n an fA ihI
week were 3l5 against ZIG for la1
year.
Bradstreets' report says that In TIT
eastern jobbing circles tho feeling II
one Of Increased confidence. Their
is more doing In some staple lines: No
ticeably In tho east and nj n few south
ern cities. In most other instance
purchases continue for immediate
wants only. There Is little expectation
of a general revival In business prio
to the election. Throughout the cen
trail and northwest states no mntcrit
change Is reported In general trade fea
lures. The exceptions are mt Cincin
for staples Is larger. The improve,
demand for wool continues, with up
ward tendency In prices The deman
from England remains noticeable, hu
Is Offset by high rates of freight TN
= scarcity of ocean room. There Is
better jobbing movement n cuttu
goods, which are higher, The stArtlin
up Of iron mills and furnaces is COZ
spicnous, but makes in some instance
seem to be anticipating Il demand.
The statement complied by Rrar
streets show the total bank clearing
of the principal cities In the Unite
States for the week ut SSH los, 26A,
decrease of li,3 per cent compare
with the corresponding week last yea