Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-01-23
CLEARI.NCS
DECREAs
Bank Clearings in New York
Fall Off Mott eably Caus-
ing Decrease in Total.
INCREASES ELSEWHERE.
Stability of Present Business Prosper
ity Shown by Figures From the
Nation at Large-Prices In
Iron Market Lower

Nation Mt Large-Prices In
Iron Market Lower
New York, Jan. 2O.-"Whether the
new year will surpass or keep pace
with the old sisssthe question which
gives especial interest to every weeks
returns. Comparing now with busi-
ness by far the largest and most pros
porous ever known year ago-more
than 40 per cent larger than in Janu-
airy, 1898, which in its turn had shown
heavier business than in any year pre-
ceding-it cannot be expected that
such gain will be repeated. But the
decrease of 90 per cent in payments
thru clearing houses is wholly due to
great speculative activity at New York
last year, with sales of 12,031,S32
shares, against 6,51s,920 to the same
date this year, for payments outside
this city have been 4.3 per cent greater
than year ago, and greater than in
the same part of any other month";
r. G. Dun & Co.'s Weekly Review of
Trade, to be issued today, will thus de-
scribe present business conditions thru
out the country and continue:
This week one contract of 10000 tons
for a western road and two for bridges
requiring II 900 tons are the only large
but heavy business was secured by
concessions, plates at Pittsburg going
materially below 1925 and bars at
Philadelphia below 1920, the price of
the association. Sheets are also lower
at the east, but 81 higher at Pittsburg.
Sales of foundry pig at reduced prices
include two for 10000 tons. No. 1 Lee
high is quoted at $24, but Bessemer
and gray forge at Pittsburg are held
unchanged, tho without sales.
The copper output of this country in
1899 was 262,206 tons, greater by $1,000
or 531s per cent than in 1895, while. the
foreign product last year, s9,240 tons,
gained in the four years only 3,o62
tons. The prices of copper and lead
are unchanged, with tin higher at 2711Is
cents.
Perhaps the most important indus
trislseyent is the marketing of wooden
goods at prices averaging 1874 percent
higher than last year, many makes
having been promptly sold up and
withdrawn, while Others sell so we'll as
toseive great encouragement s wool
quotations average 34.9 per cent high
er than a year ago. the rise in goods
is not excessive. But hopes of wool
spectators for further rise were
dashed by the fall of per cent in me-
rlnos at the London sale, with cross
BREEDS weaker. Considerable sales al
concessions of w to cents followed
here, one of 100000 pounds Montana at
20 cents, with numerous orders to sell
consignments hitherto held off the
market. Sales in three weeks, 1920,
SO0spounds, have been smaller than in
s, the corresponding weeks of the three
previous years.
Business in cotton goods begins tc
increase, tho in staples it is. still mod
crate. The goods now average 29.7
per cent higher than year ago, anl
with the rise this week to ISL cents
cotton is IL per cent higher. Belief ii
short crop has helped the goods mar
ket and still sustains it, tho cotton is 6
little lower than it was two month!
ago. Receipts from plantations con
tinue over third smaller than las
year, but exports decreased quite a:
much.
Shipments of shoes from the east il
execution of old orders continue large.
than in any previous year-2s0,25
cases in three weeks, over 20 per cen
larger than last year and 3.S per cen
larger than in 1898. But new bushes
does not amount to a quarter of tn
current production, it is said, and il
every line doubt about maintenance o
prices hinders buying.
The market for breadstuffs is not &C
tive, nor have changes in prices of ele
vator wheat been of any consequence
but the active May option shows 2
sharp decline. Atlantic exports con
tinue far below last year's-in tire
weeks 6,093,325 bushels against 1924
0s2 last year-and Pacific exports il
the same weeks We're 2,291, IT'S, agains
1,S53,994 last year. Western receipt
were in three weeks only 1852, 49,
against 13,005,4S2 last year.
Corn receipts are smaller than las
year by 100000 bushels for the thre
1875 bushels, against 9,510,499 last yeal
and this active movement caused spo
quotations to advance.
Failures for the week have been "a
in the United States, against 249 las
year, and forty in Canada, agains
thirty-two last year.
Weekly Bank Statement.
New York, Jan. 20. By Associate
Press 1.-The weekly bank statemel
follows: Surplus reserve increas
STATS, 1875; loans increase, $4,579,1oC
deposits increase, $16,32O,000. III
banks now hold $24 ,1S5,675 in excess
the legalireauirements.
He Fooled the Surgeons.
srft All dootnrc told Ranio1s Ho,,;l+o,