Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1897-11-04
IT'S IN STATU quo
MUCH DIZZINESS IN BUSINESS
CONTINUES.
BUT WHEAT GOES VERY HIGH
Enormous Shipments Indicate Il Vast
Demand Abroad-Trade Conditions
in the Northwest Rather Better
Than in Other Sections-South Al
iected by f'eyer.

LtNbNu W GNti'
New York, Oct. 30.-R. G.. Dun d
Co. says that the testing of the re
tail trade is in progress but result!
are remarkably retarded by the Ions
continued mild weather and also b.
the fever in southern districts. IL
spite Of the unseasonably warm
weather, which greatly hinders retail
dealings in winter goods, at all points
east Of the plains a large number o.
supplementary orders, with urgent
pressure for quick delivery make the
sales in many branches exceed the ex.
p~ectation of dealers so hat the re.
Punishment Of stocks is not yet fin.
ished. Meanwhile wholesale trade ant
the orders of manufacturers have been
smaller than when the rush was
greatest, but have, nevertheless, beef
large for this stage, even in a year o.
general prosperity, for payments
through the principal clearing houses
have for the week been SO per cent
larger than in the same week of 1888.
and for the month 6.l per cent
greater. Heavy engagements for out
going wheat, covering 100000 bush.
els this week, affect monetary pros
poets, but still more the produce mar,
kets, for at the Atlantic ports the
shipments are large, already 3,965 ,00t
bushels against 2,345, 600 for the week
last year and in the four weeks 49,,
905 900 against 9,S17,00 last year
Western receipts are not quite equal
to last years for the week, but have
been q, 962, 900 bushels for the foul
weeks against 2S, 757, 600 last year. The
market advanced 212 while No. . rec
actually sold above 81 here. Specula
ton at st. Louis is pushing prices
yet higher. The possibility that for
eign exports may he checked is not tC
be overlooked, but heavy engagements
besides the exports for the foul
months past prove that the foreign
needs are real and large. The corn
movement is smaller, though the eX
ports fell Only 300, 600 bushels below
last year and the price advanced
hut slightly. The wool markets are
quiet. Prices are said to be wei!
maintained, though 2 to 5 cents below
former asking prices, Dut occasionally
heavy sales indicate concessions fol-
the liquidation of speculative lots. The
of iron and steel products,
though smaller than of late, continues
to keep the works we'll engaged. The
failures in the United States for the
week we're 219 against 270 last year
Bradstreets says that general
trade retains most of the features
Of a week ago, with a continued
check in the movement of staple mer-
chandise. Mercantile collections are
slower, the filling of orders is small
and business in the staple lines for
the latter half of October, aside
from that in wool and metals, has
been somewhat disappointing. The
northwest continues to make rela-
lively more favorable reports as to
trade, although at Milwaukee and
Minneapolis mild weather checked
distribution. The consumption of
iron and steel continued heavy, but
mills refuse orders for '9S delivery
in the belief that the cost of making
iron and steel will be higher.
Wooden goods continue firm with an
upward tendency, but cotton fabrics
are weak and the market is heavily
stocked. Wheat is again above a
dollar on continued heavy exports.
Our wheat export movement, aggre-
eating more than 10000, 600 bushels
within 10 weeks, is unprecedented
and points to a keener appreciation
of the statistical strength of wheat
by European importers than by
many American trades. The eH-