Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-09-17

New York, Sept. 12.-R. G.. Dun a.
Co.'s weekly report says that better
prospects and relief from monetary
anxiety do not yet bring larger de-
mands for finished products, though
large buying of pig iron wool, leather.
hides, cotton and other materials con-
tinue to show that the general move
ment upward in prices will come with
the replenishment of dealers stocks
this fall. Most prices are extremely
low, so that nothing more than an or
binary demand would advance them,
but bank failures at New Orleans cause
temporary hesitation. Crop returns
indicate disappointment in some cotton
and some spring wheat states. Prices
OF corn and oats make it improbable
to sell at present, the number of man
ufacturing works and mines in opera
ton does not gain, but rather de-
creases. The reduction in wages is
somewhat more numerous, though oc-
casionally resisted by strikes, and all
of these conditions diminish for time
the buying power of the people. While
many think a general inn rovement
cannot come until election has removed
the political uncertainties, others ex-
pect SoCn tC see the result anticipated.
The weekly output of pig iron de-
creased POSTS tons in August. Strictly
not half the iron making or iron work
ing capacity is now employed, and de-
mand for finished products does not
grow.
Sales in wool Tor the week have
equaled the normal consumption for
the first time in some noah Uut OF
because the manufacturers have more
orders or are doing more work. No
gain is seen in demand or output. Buy
ing is mainly speculative, based on
the belief that prices must advance.
Wheat declined cent, )ut thea adj
vanced, closing a ceut Up or The week
Western receipts still exc cd :; st
years. The accounts show disappont-
ing returns in spring wheat states, but
it is difficult to reconcile short esti-
mates with heavy marketing at low
prices. Corn is almost wholly out of
danger, and it is generally expected
the yield will be the largest known, as
the price here is the lowest ever
known. Failures in the United States
for the week have been 315 against
1871 last year.
BradstreetS weekly review Of trade
says the feeling among the jobbers and
manufacturers last week is that an i'm
provement in the demand Tor season
able staples was in sight and was evil
IDENTIFY well founded, for at more than
Il dozen centerS in the south and west
the demands We're more active. The
volume of sales has increased and the
general outlook is much more favor
able for business later in the autumn
Notwithstanding the labor day inter
ruption, the weeks volume of business
is slightly heavier, several cities re-
porting larger demand this week tO
replenish depleted stocks than during
the two preceding months, notably
among jobbers in groceries, hardware,
dry goods, millinery, hats and shoes.
The most marked improvement is at
Chicago, st. Louis, st. Paul, Mime
apolis, Pittsburg, Charleston and
Augusta, although other cities report
better feeling and prospects for a
more active demand No such gain
has taken place in the financial as in
commercial circles. The New Orleans
bank failures resulted in restriction in
loans and the volume of trade at
time when the early movement in cot
ton and sugar prospects had stmulat-
ed trade.
The statement compiled by Brad
streets shows the total bank clearings
of thep rincipal cities in the United
States for the week at $759,O29 234, a
decrease of PAP per cent. compared
with the corresponding week last year