Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1896-01-29
GREAT JUMP IN WHEAT
Demand Increased So Much AS to
Indicate Higher Prices.
IT FEATURE OF THE TRADE
Supplies for the Leading Importing
Markets Controlled by Russia
and the United States.

New York Jan. PAR. G. Dun & Co.'S
Weekly Review of Trade, which issues
tomorrow, will say
The week has been marked by inn
provement apparent rather than real
The prices of some products have risen,
but only because supplies are believed
to be smaller than was expected. The
senate still Injuries all business by do
ing nothing, and the treasury can not
expect to gain in gold as yet but loses
less than was expected. 1t is generally
assumed that the new loan will be
placed without difficulty, though the
successive payments may cause contin-
ued disturbance
"A deluge of foreign reports favorable
to wheat speculation found ready an
swers in an advance of over cents, in
spite of western receipts of 80 per cent
larger last year. Atlantic exports for
the week were also much larger than
last year, for the first time in several
months, but for the crop year to date
all exports have been about II 800 900
bushels smaller than last year.
The market has the idea that for
eign demands hereafter must be much
greater because of the deficient sup
plies elsewhere, but no one expects that
the increase VIII be at all commensurate
with the enormous increase in western
receipts, q per cent, since the crop year
began. 1877 GOO, 900 bushels, against 107.-
9S6,l91 last year.
The iron and steel business finds en-
couragement in the advance of Besse-
mer pig to $13 at Pittsburg, and Grey
forge to $ll25, but these are the results
OF the advance ordered by the combina-
tions in coke and ore. Anthracite is not
dearer at the east, and southern pig is
pressed for sale. Finished products are
not stronger, while pig iron has ad-
vanced 1913 per cent since January l.
Prices of finished products average 1917
per cent lower than at that time. The
| demand is plainly too small for the sup
ply, and the works in operation are
| killing profits for each other by under
| bidding.
| In such a case lower prices for pig
! iron and coke would seem inevitable,
but last year the raw materials hoisted
| everything else, an5 some expect the
operation to be repeated. While 10 fur
| naces in the Pittsburg region have stop
ped since January ], the demand for the
products of iron has not, on the whole,
increased particularly, because the bar,
nail and rail associations have all fused
to lower prices
Minor metals are still weak copper
being sold at 1915 by brokers. with an
output of l4545 tons in this country in
December and 7149 abroad and 81 ,4S5
for the last half of 1895, against AZ, ,694
tons abroad. Lead and tin are practic-
ally unchanged
THE failures for the week were S7s,
against 1853 last year"
BRADSTREETS REPORT.
New York, Jan. 24.-Bradstreet's to-
morrow will say:
An analysis of special telegrams to
Bradstreets from the more important
business centers throughout the coun-
try show considerable Irregularity in
| trade, the most favorable feature being
| the tendency of staple prices to ad-
| vance. The advance of three cents
| in wheat again raises the question
| whether the beginning of the end of a
| long period of depression of cereal
| prices has come. Supplies of wheat for
| leading importing markets are now con-
| trolled by Russia and the United
States. India's. as well as the Argen-
tines. ability to ship is restricted, com
pared with previous years, and Austria
liza left the list of exporters when she
began to import wheat from San Fran
| cisco recently.
Domestic wheat stocks are larger
than earlier official and trade estimates
| of 1t, but the export demand has in
creased so far beyond what was antici-
| pated and gives SO much promise of be-
| ing continued, that the bulls in the spec
ulative markets are counting on higher
| prices.
AT such eenters 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 expect
ed, although many jobbers at those cit
les report that travellers for clothing,
| dry goods, shoe and hardware houses
are taking fair orders for spring de-
| livery.
There are 50 business failures re-
ported from Canada this week. against
| "a last week, thus indicating a large
falling off. But when contrasted with
the like weeks in preceding years the
81 of this week is seen to be an unusual
| ly large one One year ago the total
was As in a corresponding week
BANK CLEARANCES.
New York, Jan. 24.-The following ta-
the total clearances at the principal
cities and the percentage of increase or
decrease as compared with the eorre-
spending week of last year:
Inc. Dec.