Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-09-24
CONFIDENCE RISING
BUSINESS DULL BUT CONDITIONS
ARE IMPROVING.
MAINE EFFECTS NOT GREAT
Wheat and Cotton Manufacture
Healthy Iron and Steel Business
Dormant--Failure List Still in the
Lead Of Last Merchants Ex-
pect Early Improvements.

New York, Sept. l9.-R. G. Dun's
no distinct improvement in business.
although conditions favor it. Con
fidenCe slowly rises speculative buy
ing Of materials for future use CON
tinues, imports of gold do not cease
and the Bank of England has now
vance in rates But an enormous
business Is held back until the future
becomes more clear Names great
majority had no such influence as
many anticipated from IA verdict less
emphatic. TO many minds nothing
the eastern states can do in the con
test represented as sectional gives suf-
icient assurance of how the western
and southern states may decide. In
cotton hides, wool and pig iron buying
openly speculative in character marks
the current Of business. The resump-
ton of work by n good part of the
Fall River cotton mills and advances
in some kinds Of cotton goods have
helped to raise the price of middling
uplands to 8B cents again, although
realizing sent it down to SR. Wheat
has also risen rs, although western
receipts Of 6,G27 600 bushels exceed last
years and in three weeks have been
l785G,0O0 bushels against 1929 600
last year. Corn has scarcely ad
Vanced AS western receipts are still as
large as a year ago, with exports
smaller.
Ono industry showing an in
crease in the working force
B cotton manufacture, the
restriction Of tho output
having secured a more healthy de-
mand for some goods The prices Of
staple goods have advanced so gener
ally that the average representative
quotation Is 81 per cent. higher than
the first week in August. No such
improvement is seen In woolens, but
speculative buying of wool, nearly all
at Boston has raised sales, to l7,7ld,-
600 pounds for the past three weeks
maturity of large wool notes is said to
be the cause of selling and prices do
not rise, though quotations are more
nearly maintained, There mas been al
fair week in dress goods and better
demand for cloakings, but the heavy
failure OF Philadelphia firm tends to
restrict the operations. lrCn and
steel manufacture is still waiting fer
business with nearly half its produc-
ing capacity idle, but hopetulneSs and
the speculative buying of pig iron sus-
tain prices. Failures in the United
States the past week are 81 against
2l3 last year.
Bradstreet's weekly review says that
Il moderate Improvement in trade for
the past few weeks continues and is
emphasized by further speculative pur-
chases OF wool, renewed buying by
wool manufacturers, reduction oi sur
plus stocks of cotton goods, increased
demand for scasonahlc fabrics, con-
tiuued confidence among manufacture
crs of iron and steel that there will be
an early revival in demand, and i'm
provcmcnt in the request for staple
goods in the south Atlantic and gull
states. The volume of sales Of general
merchandise shows small gain over
last week and the feeling among
Wholesale merchants Is one of more
confidence In comparatively early inn
l,roycmerta. Unexpectedly large sales
of dry goods are reported from 3os-
ton. Chicago and st. Louis, with indi-
cations that they may continue
throughout the month. AT more inn
portant northwestern ceters larger
sales of hats, shoes, hardware and
drugs are reported, although the total
is less than in that section las year.
Much gain at the south is due to the
rapidity with which The cotton crop
Is being marketed.
The total bank clearings of the
principal cities In the United States
for the week were S906, POS 52S; a de-
crease of 49, per cent. compared with
the corresponding week Of last year,
PLUMBERS 10 MEET.