Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-08-11
THE TRADE REVIEW.
Reports From Interior Points Full of Con-
fidence and Improvement Continues.

New YORK, Aug. 10.-R. c. Dun & Co.
says: Crop prospects are not quite SO
good, and as recent improvement in bust
ness has been based almost entirely upon
confidence III a 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 COM
plants of drought are heard. Our special
reports for the northwest show that spring
wheat has been blighted by hot winds or
damaged by rust or bugs in many quar-
tiers, SO that as full yield as was expected
is no longer possible. About Albert Lea
and st. Cloud, Mimi, not over half crop
is now expected. In some parts of Dakota
the injury is considerable, and the pros
pect is poorer il parts Of Wisconsin, but
the reports are very favorable as to corn
and the injury TO oats in some localities
does not seem to require important changes
i'll estimates
Foreign advices indicating deficient
crops of wheat in Europe, have helped to
support the market here; but actual eX-
ports do not answer expectations, and
prices have declined - cent for the week.
Sales of wheat have reached d, 900 600
bushels here. Wool grows stronger in the
country, farmers acting quite 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 de
mand. Rubber is also weak. The gener-
al average of prices which fell about per
cent a week ago, has changed scarcely at
all since that time and is now l = per cent
above the level of July.
Trade reports from nearly all interior
points are full of confidence, and at many
the actual improvement already noticed
still continues. AT Cleveland the lumber
and coal trades are better, but iron ore is
dull; at Pittsburg there is less activity in
iron. but prices are steady and 1881 out of
l., 06l coke ovens in the Connellsyille dis
trlct are at work, producing o. 723 tons
weekly at about 81 per ton. The anthra-
cite and bituminouS coal trades are also
strong. Among the new DEVELOPMENTS of
interest is the rapid growth of the lumber
business in Texas, where large sums have
been invested and the mills are pushed to
their full capacity supplying demands
from Kansas. Missouri and western states
generally.
There is no complaint of monetary
scarcity, though at some points distinct
Improvement IN demand is noted and col
lections improve little at Cleveland and
Milwaukee, though slow in Minnesota
The superabundance here has reduced
rates to per cent on call, and the treasury
has just purchased another million Of
bonds, but prior to that had taken in for
the week $4,000 more than il had paid
out.
Foreign trade still falls below that of
last year AT New \ orh for five weeks y
per cent in exports and 4 per cent in inl=
ports. Bnt the course of foreign exchange
and of the stock market rs well, indicates
that foreign capital is still coming hither
If the iron market is reliable barometer
of business, its latest Indications are
rather favorable. Some stitfening in prices
appears. though there Is no improvement
III bar iron or steel rails. The bank clear
ances for the week show smaller volume
of business at all points than year ago
1873 per cent, but only l.6 per cent smaller
outside of New York, with scarcely any
decrease in July outside, and a decrease Of
6.3 per cent in the aggregate.
The business failures occurring through
out the country during the last seven days
number 2c;i3. as compared with 2l6 last
week. and 22l the week previous TO the
last. For the corresponding week OF last
year the failures numbered $50.