Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1899-01-19

New York, Jan. 14.-R. q. Dun Il Co. 5
weekly review of trade says:
Contrary 10 the commonly accepted
French saying. the expected in trade has
occurred. Rapid advance il prices of iron
and steel products have had their imrne-
date effect. perhaps not to the lasting ben
eft of the industry, for there is the same
reason for doubt as TO lis permanence as
in 1926. when shrinkage of buying and re-
action soon carried prices lower than be-
fore. But there is now larger demand for
many other products. and without IN
wielGy combinations all are doing Well
No Evidence of Weakness.
Throughout the country was never so
strong financially. as even governors of
London banks admit, one stating that as
London had financed America heretofore,
now for the first time New York was
financing Europe. No evidence of weak
ness is seen in the other branches of in
dustry nor in those upon which the great
excess of exports most depend. Wheat
and cotton still go out largely. Europe is
buying because it has needs and New York
is lending to Europe nobody knows how
many millions because there is for the
present no need to call loans. The receipt
of s.. 900 of gold from Australia is an
nounced at San Francisco. Americans are
in the humor to invest in their own country
and have a great amount of money to put
out without recalling any of their loans
to Europe. so that the heaviest transac-
tions ever known in the stock exchange
have occurred during the week without the
evidence of reaction for which many strong
operators have been looking.
Position Grows Stronger.
I'm products also the position of the
country grows stronger Last years ex-
ports of wheat and corn were far beyond
all precedent, but the past week has seen
exports of 1926 $50 bushels of wheat, flour
included, against 3216.470 last year from
Atlantic ports. and in two weeks 9.452. l0s
against e.0S6.7SS last year. besides exports
in two weeks from Pacific ports of 1.724,05l
bushels against 2.340,009 last year. Mean
while corn exports have been in two weeks
7,199313 bushels against 6.091,57S last year.
1t is quite impossible to account for such
movements on the theory that at current
prices this country is underselling the
world and has great quantities yet to move
at similar prices. There was an advance
of IA cents in wheat during the week, but
one cent in corn without any indication
that supplies are running short.
Failures for the week have been 3l3
in the United States, against $40 last year.
and "a in Canada. against 10 last year
Bradstreet's Review.
Bradstreet's says:
ITO the observer perhaps the most not
able feature of the trade situation at pres
ent is the strength of prices of nearly all
staples, but particularly of cereals, cotton,
iron and steel, which have apparently
gained further ground since the first of the
year Explanation of the strength of
wheat is of course, found in the good cash
demand which seems to meet any slight re-
action in values and which has placed the
price as high as at any previous time for
three months past This cereal and corn
are both in exceptionally good demand
abroad, judging FROM the large exports re-
ported. While large sales OF iron and steel
are not so numerous as in recent weeks.
further advances in prices. notably of pig
iron, steel billets. plates and rods bear tes-
tfmony to the eagerness. of buyers to Sc
cure supplies and the almost corresponding
Indifference of the trade toward new bust
ness, order books of most of the mills being
reported well filled. Pig iron production
is the heaviest ever known, but stocks
show further depletion. The feeling OF
confidence in the lumber trade is undated
and an active demand is looked for In the
spring, the strength of hard wood being
particular feature in this connection.
Prices for boots and shoes are held stead
lily and the outlook is regarded as favora-
ble Leather. too. is firm and hides are in
sympathy. In other industries activity
is a feature"