Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-07-28
DUN'S TRADE REVIEW

NEW YORK, July 27-R. g. Dunn &
Co.'S. weekly trade review says:
improvement continues. The collapse
of the western Iron Manufacturers associa-
ton has set nearly all mills at work and
makes pig iron frmer, but bar iron
weaker Stocks have been strengthened
by decision arresting the enforcement Of
the Iowa rates Wars of rates do not
cease and interstate decisions of many i'm
portant cases are deferred. The net earn
ings of eighty-two roads in May showed
loss of S.4 per cent though their gross
earnings gained GA per cent and the gains
in gross earnings for July have been less
than half as large Statements show that
2,42s miles of road have been placed N
half year with Sl53, 900 bonds
and stocks against only CPS niles and
S2s, 200, 600 bonds and stocks for the first
half of last year, but the average price Of
stocks has risen about sl.40 per share,
though less strength OF late.
Reports of domestic trade are almost
uniformly encouraging, for, though dull
ness yet prevails, improvement appears at
many points. The clearings at all cities
exceed last year by 1913 per cent and ont
side New York by SIS per cent. with larger
gains at Boston, Chicago and New Orleans.
The complaints of slow collections increase,
however, especially in connection with the
distribution of manufactured goods At
Philadelphia and Pittsburg better feeling
appears in metal branches, and at Balti-
more and Detroit, in dry goods and boots
and shoes, but eastern manufacturers are
still uncertain.
Foreign trade for June showed imports
exceeding exports by SIS, $40 and for
the half year the excess was S6li03, 220.
Against this the net exports of gold and
silver for the half year were 81, 4SS, 81, so
that when interest and AUTHORIZATIONS
are considered, the movement of foreign
capital this way appears to have exceeded
slO0, OOO, 900 for the half year. Exports of
merchandise from New York in July show
n decrease of S per cent in value, against
] per cent increase in imports and for the
past year exports have been smaller than
In any other year since 1873, except the
year 1885 and 1856, when imports have
only been exceeded in one year, 1881, and
then less than 100000.
Speculatl.e markets ale not active and
wheat has changed but little. Crop pros
poets have cans Il corn to decline p cents
and oats 3 cent, but lard, pork and live
hogs are stronger. Oil is cent weaker
ann cotton and coffee unchanged
The treasury has taken in during the
past week s.. coo more money than it
has paid out, but reports from all interior
points represent money in ample supply
for all legitimate business, with a general
deficiency of demand.
Once more the country closes a crop
year with a surplus of over 81 600, 900 bush
lis of wheat on hand unsold, and the latest
reports indicate the supply for export dur
ing the coming year viii exceed l45,000,00
bushels. Exports for the past year have
been less than l2o, 000, eco bushels.
The failures attending the half yearly
settlements have been numerous, for four
weeks the number in the Unitsd States
has been S2l against 594 last year, but in
Canada only 50 against % last year The
business failures during the last seven DAYS
number 22l, as compared with 22S last
year and 2l0 the week previous to the last
For the corresponding week of last year
the failures numbered lS4.