Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1898-04-21
BUSINESS is QUIET
PROSPECTS OF WAR MAKE IN
VISITORS WARY.
EAST AND so TIL AFFECTED
Central West Hasn't Felt Scare Much
So Far-Exports of Cereals Con-
tinue Large.-Wool Market Dull
Bank Clearings 1873 Per Cent.
Larger Than Year Ago

New York, April 16-Bradstreets'
weekly review says that the effect OF
| the prevailing uncertainty in foreign
| affairs is reflected in a farther percep-
| tible quoting down Of general trade
as far as future engagements are con-
cerned. At the east and south Allan
tic and gulf ports the disposition to
| buy only actual necessities has de-
velOped hand-to-mouth demand, but
the chief effect is found in the indispo-
sltIon to embark in new enterprises
or contract new obligations pending
settlement of our foreign controversy.
The least notable effects yet exhibited
are found in the central west, the only
| changes noted being a strengthening
OF money rates and encouragement of
| new enterprises, such as railroad
building. In the iron trade business
continues dull at nominal prices in the
east. Foreign impressions as to the
! outcome regarding Cuba are reflected
IN sharp advances in wheat, wheat
flour, corn, lard and other food pro-
ducts Declines are found in Besse-
mer pig iron, steel billets, coffee, sugar
and lead, while, as compared with a
week ago, the price of oats, pork, beef.
molasses, copper, cotton, wool and
manufactured products are generally
steady and unchanged Exports of
cereals are larger. Shipments Of
wheat (f1our included) this week from
the United States and Canada aggre-
gated 4,O44 900 bushels against 1874
600 year ago. Corn exports were
over a million bushels larger than last
week, aggregating 1927, 900 against
2,32S,000 year ago.
The total bank clearings of the
principal cities of the United States
for the week were $1,084 ,959, 513, an in
crease of 1873 per cent compared with
the corresponding week of last year.
New York, April 16.-R G.. Dun &
Co.'S weekly trade report says there is
some hindrance in business, yet the
volume CT payments through the clear
ing houses are still 1873 per cent
larger than last year. The industries
are doing well, because they have
enormous orders taken in February or
earlier. But new orders, upon
which they have to rely if a partial
| stoppage or closing of many works is
to be prevented, are just now restrict
ed by apprehension about the money
market and possibility of loans The
stagnation in wool is remarkable, the
total sales at the three chief markets
being only 1,1S2,144 pounds, against
9,6O7 900 last year. Manufacturers are
still waiting, although somewhat en-
| couraged by rather better tone in the
clothing trade of late. Wheat rose
| 51a and held 212 cents for the week,
although Atlantic exports for the week
have been 3,045O21 bushels flour in-
cluded) against S76,719 last year; Pa
! cific exports were 1868 bushels
against $4,000 last year. The total
! from both coasts for the two weeks
of April have been 10000 against
3,O57, 900 last year. Receipts from
western farms show some decrease for
only about 600 900 bushels smaller than
a year ago. The receipts of corn con-
tinue remarkably heavy being for the
week more than 100000 bushels
larger than last year, and for the two
weeks more than ], 650,000 bushels; ex-
bushels, against 2,709000 last year
Failures for the week were 254 in the
United States against POT last year.