Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1896-10-08

A FEARFUL SHOMlNG MADE IN
THE PAST NINE MONTHS.
NOTHING LIKE IT KNOWN
Worse Than During the Panicky Year
OF i93-Wheat Exports for the Week
Reach the Great Total of 4,216,00
Bushels-Business Is Still Very
Dull.

New York, Oct. -Bradstreet's weekly
report says cooler weather and con-
tinued purchases by interior merchants,
notably west and south, continue the
slight Improvement in trade recorded
in the preceding weeks. Merchants
at the primary cotton markets and
large centers in the spring wheat re-
gion report better movement in
staples, due to the unusually heavy re-
ceipts of those crops. Throughout the
center west, including such points as
Baltimore, Cincinnati, Chicago and St.
Louis, the volume of trade falls be-
hind that Of year ago in some in
stances, but is equal to it in others.
At the eastern centers the improve
ment is seen in a greater ease in the
money markets and more of DISPOSE
ton to discount commercial paper al
though at Unchanged rates. The whole
sale merchants report better feeling
very generally, but few anticipate any
material increase in the volume of bus
mess this month Mercantile colIec-
lions continue slow except in the cot
ton states and at some points in the
northwest where heavy crop receipts
enabled interior merchants to liquidate
long standing accounts. The more
conspicuous demand at the larger in
terror cities is for drygoods, cloth
ing, shoes, hardware leather and
lumber. There is also a better
demand for pig iron and for steel
Business in cotton goods has been
checked by an advance in prices, and
mill stocks tend 20 accumulate again.
The exports of wheat, -four included,
from beth coasts Of the United States
and Montreal this week, amount TO A.
$4,000 bushels, the largest weeks eX-
ports of wheat since the second week
in September, 1898. The export dur
ing the corresponding week a year
ago was 2,613,OOO bushels. The total
number of business failures through
out the United STATES from Jan. l to
September 80, 1856, is 1880, the
largest aggregate reported Cor like
period since records Of this character
have been compiled. The next largest
corresponding total, II, 140, was for
the nine months Of the panicky year of
1888. The total bank c1earings i'm the
principal cities in the United States
for the week was $S94,271, 419, a de
crease Of u A. Per cent. compared with
the corresponding week last year.
r. G.. Dun & Co.'S weekly review OF
trade says that complete reports of the
failures for the quarter which. ended
Wednesday show an increase which
would be surprising if political causes
were not obvious In number. they
were 61a per cent. less than in the
panic quarter OF 1888 The failures
for the quarter show liabilities SILL
10000 less, amounting to s73 ZOE, 600
against $97, 100000 in the previous halt
year. The manufacturing liabilities
were $32, 497 ,000 OF 81 pei
cent. greater THAN En- the same
quarter Of 1888, while the trading
were $2S, 73S, 000 and ~other CONNER
ciaI' were s12,067 900. To this must
be added $11, $4,000 liabilities in fifty
bank failures, making, exclusive of
railways, nearly. $50, coo, 900 for a
single quarter. Comparisons show
that in only six quarters in q years
have the liabilities. been 50 large The
ratio TO solvent business has bean So. 06
FER 81 900 against STO4 for the same
quarter last year