Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1897-02-05
PRICES ARE NO HIGHER
JANUARY A MONTH OF DIsAPPOINT'
MENT In BUSINESS.
Cotton, Iron and Railroad STOCKS
Decline, While Cloth Fabrics
Barely Hold Their own.

New York, Jan. Or. G. Dun q COM
nanv,s weekly Review of Trade tomor-
row will say:
January has been a month Of disap-
nointment. Nearly everybody had prom
ised himself a land of milk and honey
after New Years, and the slow spring
looks like standing still to men In sucn |
state of mind. Moreover, there are null
titudes throughout the country who have
been taking large ventures in advance Oh
apart from their regular business, De-
cause they expected rise in prices. But
prices fail as yet to bring them profit.
Wheat has declined severely, cotton mas
scarcely risen enough to pay brokerage
wool holds steady, wooden goods haroiy
change in price, iron and it's products
decline leather is sluggish, hides are low
err, for some shoe manufacturers accept
shade lower prices; the average Oh
railroad stocks Is slightly lower than II
was December 81, and the advance In
trust stocks has been small. To traders
| in such properties the month has peen
disappointing.
| Yet during the past week the record
| shows that 10 iron works have started
and only two have stopped, IL wooden
/ works have started and nine more are
| about ready to start, while three have
stopped.
Similar things are seen in other Indus
| tries, and the additional establishments
| are not starting without some increase
in orders received
The decline in wheat was over six
cents in spite of an official report of yield
far below estimates generally accepted,
which reflects perception Of the error OF
the report and also of the influence OF
enormous exports of corn instead OF
wheat, so, 00O, 900 bushels in seven months
When two bushels of corn can be hao
!. for less than one bushel Of wheat 1t Is
!, largely preferred in European markets
and in January 7,S59,127 bushels Of corr
J have gone abroad from Atlantic ports
! against 5000, 349 last year. while Atlantic
exports Of wheat and flour have been 6,
J | 536, 154 bushels, against 8,403, 765 last year
. | AS the great portion of corn prevent
r much advance in it's price, its outgo af
fects the demand for wheat, and a heav.
liquidation of speculation has occurred
with the price of corn daily changing
: The largest article of export at this sea
e son goes out freely but cotton looks les
r attractive to traders because Amerca
millers are laboring over plans to reduc
! a great surplus of goods, and prices hav
4 | declined. Takings of northern spinner
n have been in five months 1900 bales les
n than last year and $4,000 bales less tina
s. in 1S94-95.
g The sales of wool in January have neve
" been surpassed in that month, nor in an
n other month except last November an
3 July of 1896 and 1892.
II In the earlier years sudden demand fl
" consumption was in the latter months
= the year, but orders were small in NJ
in vember, and had been small in Janual
& compared with the purchases or antic
pated possible duties. The price has r
manned about steady.
l. Iron and steel show little gain the pr
duction having increased so largely b
=" fore the gradual enlargement of demar
for finished products has not overtaks
,r that increase Lower prices result f
is Bessemer pig, gray forge and for southel
IN iron at Chicago, for angles and cut nail
s. and the average of all quotations is II
a. =. lowest price since early last year. f
n sheets there Is an active demand, al
w better also for bars, on account of mu,
re near building.
OF Tin and copper are shade stronger b
IS competition causes sales of tin plates
- be 10 to Is cents below the agreed prio
y. Failures for the week have been 8
a. against 400 last year.
.ir Brndstreet's Report.
n New York, Jan. 29.-Bradstreet's tome
to row will say:
rn There has been a falling off in gener
trade, owing to the heavy fall of sno
and cold weather. There Is a modera
increase in distribution of heavy whit
E goods, but commercial travellers geners
ly report buyers as even more conserv
Id tive than earlier in the month, and tn
wholesale trading in January, except
lines specified, Is smaller than for yea
-. Mercantile collections are interruptt
in and the Improvement looked for in ir
ed and steel is not in sight
n The most favorable feature of the BIT
er, mess week is the sudden and sharp ia
IA ing off in the total number of busine
ar failures in the United States, the agg1
ut gate being 1926, as compared with 1923 il
he week, a decrease of 1903.
ng The downward movement of prices
ice some important staples continues &C
,as spicuous, notably for flour, wheat, GA
ed lard, coffee, petroleum, turpentine a
of tin plates.
to Quotations for Indian corn, pork, sug
lc- cotton and print cloths are practica
unchanged.