Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1896-01-30
is STILL UNCERT TAIN.
CONDITION or BUSINESS hut LIT.
TIE CHANGED YET.
GREAT DEMAND FOR WHEAT
Staple Goods Still Dull, While In
terror Merchants Are Not Making
Heavy Purehases--Grain However,
Is Being Bought by Europe Fail
ures for the Week.

New York. Jan. %. X. G, Dun says.
The week was marked by an improve
ment apparent rather than real The
prices OF some products have risen, but
only because the supply is believed TO
be smaller than expected. The senate
still injuries all business by doing
nothing and the treasury cannot expect
to gain in gold as yet, but losses were
less than were expected. Ii is generally
assumed that the new loan will be
placed without difficulty though sue
cessive payments may cause continued
disturbance
A deluge OF foreign reports are favor
able to wheat speculation and have
found ready answer il the advance of
over five cents here In spite of western
receipts which are fifty per cent
larger than last year
The Atlantic exports for the week
are also much larger than last year
The market has an idea that foreign
demands hereafter must be much
greater because of deficient supplies
elsewhere, but no one expects that the
increase will be at all commensurate
with the enormous increase in
western receipts, the exports since the
crop began moving having been
1877, 100000 bushels against l079S6,000
last year. Corn advanced because
wheat advanced. Cotton rose vi
Textile industries do not gain fhe
demand for future delivery Is narrow,
Cotton manufacturers have for months
been storing up staple goods, but
prices have gradually declined ever
since October and now average GA per
cent. lower than at that period. In
Europe, as her, mills are running
largely against expectations. Wooden
goods are also lower.
Thirteen iron furnaces IN the Pitts
burg region have stopped since Janu-
airy /. The demand for products OF
iron has not on the whole increased
simply because bar, nail and rail as
sociations have all refused to lower
prices.
The failures in the United States for
the week were 373 against 1868 last
year.
Bradstreet's report says. The analy-
sis OF the special kilograms to Brad
streets from important business CEN
ters throughout The country shows
considerable irregularity in trade the
most favorable feature being ten
dency for staple prices to advance. An
advance Of three cents In wheat again
raises the question whether the be-
ginning of the end in long period OF
depression Of cereals has come The
supplies OF wheat for leading import
ing markets are now controlled by
Russia and the United States. India,
as wen as Argentine's ability TO ship
Is much restricted compared with
previous years, and Australia lost her
place in the list OF exporters when II
began to import wheat from San
Francisco Domettic wheat stocks arc
larger than earlier official and trade
estimates showed, but the export de-
maud has increased so far beyond
what was anticipated, and given 50
much promise OF being continued thar
bulls In speculative mrakets arc
counting on higher prices.
AT such centers as Chicago and ST.
Louis, reports are made that interior
merchants have been disappointed in
the seasons business and are buying
somewhat more sparingly than was
expected
The statement complied by Brad
street shows the total bank clcarings
of the principal cities in the United
States the past week to have been
1878. gG7,447, an increase of GO per
cent. compared with the correspond
ing week last year.