The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1896-01-30
GREAT JUMP IN WHEAT
Demand Increased So Much As to
Indicate Higher Prices.
IT is 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:
1.-The week has been marked by i'm
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 so 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 500, 900
bushels smaller than last year.
1.-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 Will be at all commensurate
with the enormous increase in western
receipts, q per cent, since the crop year
began. 1877, 100000 bushels, against 1917
9S6.191 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 SLIPS, but these are the results
of the advance ordered by the combina-
lions 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 /.
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 case lower prices for pig
iron and coke would seem inevitable.
but last year the raw materials hoisted
everything else, and some expect the
operation to be repeated. While 10 fur
naces in the Pittsburg region have stop
ped since January l. 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 $9.75 by brokers, with an
output Of 1876 tons in this country i'm
December and 7149 abroad and OF. 4S5
for the last half of 1895, against 1904
tons abroad. Lead and tin are practic-
ally unchanged.
The failures for the week were 373,
against 1863 last year"
BRADSTREET'S REPORT.
New York, Jan. 24.-Bradstreets to-
morrow will say:
IAN analysis of special kilograms 10
Bradstreets from the more important
business centers throughout the com
try show considerable Irregularity I'm
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. midas, 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 he
Ing continued. that the bulls In the spec-
uiative markets are counting on higher
prices.
AT such centers as Chicago and ST
Louis reports are made that interior
merchants have been disappointed I'm
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 so business failures 70
ported from Canada this week. against
"a last week. thus indicating n largo
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 corresponding week
BANK CLEARANCES.
New York. Jan. 24.-The following a.
BILE, compiled by Bradstreet's shows
the total clearances at the PRINCIPAL
cities and the percentage of increase or
decrease as compared with the CORE
spending week of last year: