Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1896-08-20

New York, Aug. 15.-The statement .
compiled by Bradstreets shows the
total bank clearings of the principal
cities of the United States the past
week to be SS49, O61, 266 This is a
decrease of sol per cent. compared
with the corresponding week Of last
year.
R. G. Dun's report says that the
spell of deadly hot weather has affect
ed the trade throughout the country,
and in the east speculative feeling was
somewhat affected until Thursday by
of the Bryan meeting. According TO
government reports crops have sus-
tanned serious injuries. Labor diff
culties extend and the closing of estab- F.,
Iishments for want of work and the
refusal of commercial loans by banks
have checked operations in many
branches of industry and trade. The
week, therefore, closes, as last week
did, with domestic business unusually
dull for the season. Measured by the
clearing house exchange it was Sol per
cent. smaller than last year and 1916
per cent. smaller than the same week
in 1892, the last year of full business, at
this season. The government crop re-
port for August was gloomy. Wheat
rose about p, but again declined, clos
ing only a fraction higher for the
week. Corn declined throughout the
week closing over a cent lower. Cot
ton advanced a sixteenth. Estimates
of a great yield are confronted however
with the movement from farms of g.
SCI, 900 bushels for the week, against
1926, 900 last year, and it scarcely
seems reasonable to believe that co.
100000 bushels would have been mar
keted since July first this year against
II, 625, 900 last year, if the yield had
been smaller with the price nine cents
lower than a year ago. Atlantic eX-
ports of L 100000 bushels against $780,
800 last year are not enough to account
for the difference. Iron productions
reduced 20,764 tons weekly in July
and have been further reduced since
August, while unsold stock increased
&c, 1872 tons in July. Copper receded to
it's quotations before last week. Tin
has been sold below current quotations
at 3.35, and with the sales eight hun
dred tons of lead weakened to 2.75.
Wooden manufactures make little
with not more than a third of the
machinery now running and the de-
mand for goods does not improve.
Nor has any improvement appeared in
cotton goods, although the curtailment
of production for some weeks has been
great. The failures in the United
States for the week are 2S9 against 1856
last year.
Bradstreets says that the volume of
BUSINESS throughout the country is
practically unchanged. New features
do not point to improvement III the
prospects for fall business. Indus
cries generally continue quiet, with
more men idle than a week ago. The
most significant feature is the higher
rate for money early in the week and
some difficulty in obtaining time
money. This disappeared with the
manifest reaction against the free sill
yer sentiment which followed the sill
yer demonstration at New York Aug
II. There is little or no demand for
iron or steel, Notwithstanding that the
capacity of the furnaces in blast was
restricted during July more than So
900 tons. Manufacturers of hardware
and jewelry report business excessive
ly dull. The brighter side of the pic
ture is found in generally favorable
crop conditions at the south, which
have stimulated buying at Baltimore,
Savannah, New Orleans and Texas.
The early movement in cotton is
pointing to an improvement i'll mer-
camille collections. The financial stu
alton at New Orleans is relieved by
the sugar bounty payments. Collec-
tions are improving at Pittsburg' and
there is better demand for dry goods
and shoes than last week. At Omaha
V holesale merchants report very gen.
eral improvement. On the Pacific
coast, the wheat yield promises we'll
in California, but general trade at
Washington and Oregon cities is rather
less active.