Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1900-10-16

New 1Ork-Nalues in the stock market
have risen rapidly during the week, and
the trading has been on greatly in
creased scale. Recent reports iriicats
a continuance of disappointing conditions
in few lines of trade, but authorities
agree that business as whole is pros
porous. Cotton and grain are going out
in large volume, and despite the fact thar
the United States is accepting govern
ment loans from Europe in lieu of the
cash due this country, sterling exchange
is declining in a manner that suggests
gold imports in the near future. Money
is firm, and is likely to become hriner
before any material ease is Witnessed
This condition of affairs is, however, al
ways 10 be expected ut this season OF
the year. The demand for erop-moying
purposes is heavy, and until this demand
is supplied the reserves of the banks ar
all the large centers will be drawn upon
10 a greater or less extent, The surplus
reserve of the New York banks has been
cut in half in the last few weeks, but
there is still q sufficient amount of funds
on hand TO keep the money p.arket under
control.
Chicago Speculative dealings II grain
and provisions were not particularly ae-
tive during the week, but prices were in
the main firm. All the chief speculative
commodities ait the close of Saturdays
session showed more or less improvement
as compared with values at the end Of
the previous week. In corn, pork and
ribs for delivery during October there
are peculiar existing conditions connect
ed with their speculative position which
fGn tn Vyh hnNn
them short. Each of the specified COM
modities is in small supply with no pres
ent prospect of any material addition
| during the current month. As they are
also in few hands, with considerably
more sold for delivery than can be sup
| piled from present stocks, the immediate
| outlook for shorts is not favorable. Spec
ulators in wheat are as much divided
over the question OF the amount of this
| years domestic crop as they have been
ever since the beginning of the harvest.
| Receipts to date have been on heavy
| enough scale to suggest a larger total OF
| available wheat than the bulls are willing
| TO admit as possible in season OF so,
much acknowledged damage to both win
| ter and spring wheat in some of the more
important sections of their growth, PeO-
/ pie who still look for higher prices be-
| cause Of that damage are buoycd up by
the expectation that before long receipts
| will drop to point so small that con-
viction of the deficiency OF the years
! production will be forced upon the most
obdurate of the present disbelievers in
any substantial shortage as compared
with the production of the year preced-
ing Considerable ,eduction this week
in the rate of farmers deliveries, com
pared with those az the similar period
of the previous season, gave some coiOr
to the claim that the proof of the def
cheney of this years crop had now begun.
/ But those holding the contrary opinion
of the size of the crop claim the sizing
off this week to be due to temporary
conditions of the Weather and necessary
| work upon the farms they refuse to
abandon their previous opinions just be-
cause of few days less liberal receipts
for which so ready an explanation can
| be offered