The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-08-16
Dun's Weekly Report

NEW YORK, Aug. 1O.-R. G.. Dun s.
Co. say:
Crop prospects are not quite so good,
and as recent improvement in business
has been based almost entirely upon
confidence in large yield, the change
is of some consequence.
Corn still promises best of the large
crops. Cotton has not improved, and
in Texas where the recent outlook was
very satisfactory, many complaints of
drought are heard. Our special crop
reports for the northwest show that
spring wheat has been blighted by hot
winds, or damaged by rust or bugs, in
many quarters, so that as full yield
as was expected is no longer possible.
About Albert Lea and st. Cloud, Min
nesota, not over half crop is now eX-
| pected. In some parts of Dakota the
| injury is considered, and the prospect
is poorer in parts of Wisconsin. but
the reports are very favorabley as to
corn, and the injury to oats in some
| locations does not seem to require i'm
portant changes in estimates.
| Foreign advices indicating crops of
wheat in Europe have helped to sup
port the market here, but actual ex-
ports do not answer expectations and
1
cent for the week. Sales of wheat
have reached 45, 600 GOO bushels here.
Wool grows stronger in the country,
farmers acting quito generally on the
belief that there will be no change in
the tariff this year.
Copper is dull, tin stronger and lead
weak, with scanty demand. Rubber is
also weak, the general average of prices
which fell about per cent a week age
L 1,n nh w Mt oil Gil "a
time, and Is now IL per cent above the
level of July 1st.
Trade reports from nearly all inter.
ior points are full of confidence, and al
many, the actual improvement already
noticed still continues.
At Cleveland the lumber and Goa
trades are better, but iron ore is dull
at Pittsburg there is less activity il
iron, but prices are steady and 1887 ou
, vile district are at work
producing 93,753 tons week.,
at about 81 per ton; the anthracite
and bituminus coal trades are alst
; strong.
Among the new developments of in
terest is the rapid growth of the lumbe
!, business in Texas, where large sum
= pushed to their full capacity. supplyin
demands from Kansas, Missouri an
western states generally. There is n
complaint OF monetary scarcity, thong
: at some points a distinct improvement
in the demand is noted and collection
improve q little at Cleveland and Mi
= waukee though slow IN Minnesota. I'll
! superabundance here has reduced rat
I to ! per cent on call, and the treasul
. has just purchased another million
l bonds, but prior to that had taken
Y for the week 500, 900 more than it hs
= paid out.
Q. Foreign trade still falling below tn;
D of last year; at New York for FL
. weeks u per cent in exports and / p
Ie cent in imports, but the course of 70
u eign exchange and of the stock mark
y as well, Indicates that foreign capt.
Il is still coming hither. If the iron ma
~ ket is reliable barometer of bushes
10 its latest indications are rather favor
u bic, some Stiffening in prices appear
" though there is no improvement in b
10 iron or steel rails. The bank clearin
n for the week show small
=. volume of business at all points than
% year ago by 1913 per cent, but only ]
~ y! per cent smaller outside of New YoT
eu with scarcely any decrease in July OF
=. Il side, and decrease of 6.3 per cent
no the aggregate.
ng The business failures occurri
ca throughout the country during the Il
Al seven days number 2S3 as compaT
'er with 2l6 last week and 22I the we
ue previous to the last and for the corr
10 bonding week of last year, the fl
ureS number $50.