Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1899-08-29
GREATER THAN IN 1892
Payments Through Principal Clear
lighthouses Show Increase Of
Over Fifty Per Cent.

New York Aug 26.-R. G. Dun &
Co.'S weekly review of trade says that
actual payments through the principal
clearing houses for the week were 23.1
per cent. larger than last year and 56.2
per cent larger than in the same week in
1892. For the month thus far the daily
average of payments has been 26.3 per
cent larger than last year and $50 per
cent. larger than in 1892. Tonnage from
Chicago in three weeks has been S0.1 per
cent. larger than last year and 14.6 per
cent larger than in 1899. 1t will not be
suggested by anybody that such an as
toniShing increase over the most prosper
Gus of all past years except the last was
expected. Most people really regarded
last years expansion as something like a
freak. Nor is the difference in amount OF
payments mainly due to rise in prices, for
prices of several hundred articles actual
" range lower now on the whole than IN
August, 1892.
1t is a consumers business also. Per
haps never before have demands for actu-
al use controlled business and prices with
SO little speculation to anticipate higher
markets. In fact. the rise i'll most artl-
cles has gone farther than speculative
opinions have warranted. Practically all
industries are some months behind the
requirements for actual use, and IN many
sold.
Iron works which supply Pittsburg are
sold up far into 1900, and can do nothing
though prices much beyond what they
received are paid by those who must have
iron this year. The enormous demand
for more railroads and rails and cars.
more vessels. warehouses and buildings,
to handle the extraordinary business in
progress cannot be met as quickly rs men
would like. and work of all sorts is de-
layed, from the biggest war vessel to the
smallest factory. The boot and shoe bust
less is likewise crowded. not SO far ahead
Of production, but farther than many
producers like. by the clamorous demand
of jobbers who cannot keep up with re-
tail distribution. Prices have risen quite
generally 212 cents per PAIR, but the only
shrinkage in orders as the seam season
wanes is welcome to producers already
committed for far ahead. Shipments In
three weeks have been ID per cent, great
er than in any previous year, and % per
cent. greater than in 1892. Leather rises
further, especially for upper, with de-
mand beyond precedent and large produc-
ers sold four months ahead, and hides at
Chicago are also stronger with heavy
sales ahead of curing. Cotton goods also
have further advanced in lines not af
fected by proposed consolidation, and the
demand for wooden goods has gone be-
yOnd all expectations.
Reports Of injury to wheat in the
Northwest have likewise affected the
market, but only for day or two, the
price closing q cent lower for the week.
Western receipts no longer keep up with
the extraordinary movement year ago,
falling 100000 bushels behind for the
week, but for four weeks have been 10
367 ,414 bushels, against 14.354,6 21 last
year. Atlantic exports were slightly
larger than last year and in four weeks
II oil AO11 Id
u,137.2S5 last year, while Pacific exports
have been 800. 024 for the week, and in
four weeks 1,6S3,353, against 1853, 794
bushels last year.
Corn exports continue heavy, in four
weeks 16. 123,524 bushels, against 9,31S,-
113 for the same weeks last year, and
rose II per cent. during the week
Failures for the week have been 163 in
the United States, against 10 last year,
and 16 in Canada, against 26 last year.