River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1896-11-19
DUN SEES IMPROVEMENT.
Says Industrial Situation Is Bright
Wheat a Factor.

wheat Factor.
New York. Nov. l4.-R. G. Dun & Co.,
In their weekly review of trade, say:
mo one now doubts that brighter day
IL dawning, and IL is common remark that
never before has business shown so great
change for the better within q single
week Dispatches telling of about 800
works which have opened or materially
enlarged their forces. give only a partial
report. for throughout the country the gain
has been surprising even to the most hope
ful.
Foreign need of American wheat con-
tinues an important factor, and the price
went to S cents. gaining cents for one
week. 10 cents for two weeks. and "a cents
since early in September. The price Is the
highest since June. 1892 Western receipts
were only 1910 bushels, against 500. So
last year, but the election cut of much
work during the days IN which these re-
ceipts were started TO market
Many textile works have been started
or increased In force, many on orders
booked weeks ago. But there has not
been much increase in the demand. After
purchases OF 46.0o0.000 pounds of wool in
five weeks, the transactions fell TO 6,2sS-
200 pounds last week, but prices were
strong snd in some grades cent higher.
and even greater advance is demanded at
thu west. while foreign markets are higher
and Australian fully ! cent per pound Up.
The market for cotton goods is not yet
cotton crop are generally credited. caus-
ing an h-eent decline 10 cents.
The output of iron furnaces IN blast No
vember was 124,0T7 tons weekly, having
been increased 1l,295 tons. or 10 per cent.
In the latter part Of October. by conf
dence IN The future. All the markets were
stronger. although the enormous pur-
ehases Of pig iron in advance OF needs
causes comparative inactivity at present
Plates and steel bars are 81 to s. per ton
higher, and sheets in better demand. An
thracite and Bessenler pig have advanced
shade and the average of prices IL 21s
cents higher.
1T Is noteworthy that the prevailing ex-
pectation. Notwithstanding the general i'm
provement in business. Is that some II
not all the combinations will decide 10
reduce prices. The coke combination, II
now appears. has not prevented large con-
tracts for future delivery at less than 81
Its fixed price, and even less than Sis.
but the output last week decreased. A
heavy sale of copper to foreigners, said to
cover 100000 pounds. has raised the price
to lis cents. and tin actually sells at Il
cents. though less is quoted.
THE change In the money market Is
striking. Instead OF s2.s0o.OOO going ou'
10 the interior. as before s2.500.000 have
come in this week; instead OF so cents dis
count New York exchange at Chicago Is
at 70 cents premium: instead of mer-
chants and manufacturers yainly hunting
lenders, banks are hunting for more COM
mercial paper. Commercial rates are down
to 3 per cent on best paper. Foreign ex-
change is higher. owing to sales of 81. O0o. 0oo
government bonds taken by the Bank OF
England as member of the syndicate
early In 1895, to payments OF 5000. O0s
steil ling loans. and to foreign realizing on
s., 900 900 of securities. but all these are in
effect taking profits for confidence in Amer
ican honor.
Failures for the week have been n,
in the United States, against 2S3 last year,
and 46 In Canada, against ~ last year.