Omaha daily bee., 1889-10-19
DUN'S REVIEW OF THE WEEK.
The Money Market the One Cause
of Anxiety.
INTEREST RATES ARE HIGHER.
The Apprehensions Are Somewhat
Uessened, Howeycr-Thc Volume
of Trade Large-lsank Clear
ings Exceed Last Years



@ New York. Oct is Special Telegram
to Tne BEB.l-R, C. Dun & Co.'s weekly
review OF trade says: AS before, the
money market is the one point of anxiety.
Rates are higher, but perhaps the appre-
henson has somewhat lossencd, rs the
senseless cry that the pressure was only
manipulation, has given place to more ra-
tional understanding Of the reality and the
consequent limitations of the demand. The
country still calls for money largely, but re-
ports from nearly all interior centcrs of
supply show that the supply is
considered ample for commercial needs.
There is iirmness and increased de-
mand at Kansas City and some striugency at
Cleveland, but with an easier tendency. At
Milwaukee the market is brisk at per cent.
At Philadelphia customers are supplied at
from TO per cent.
The volume of trade continues large, bank
clearings exceed last years, railroad earn
iugs are encouraging ana eastbound ship
ments from Chicago are heavy.
At Chicago the dry goods trade for the
week falls below that of the corresponding
week last year. and the receipts of wool aud
lard fall off one-half, but coal receipts are
larger and receipts of grain and provisions
show good increase.
st. Paul reolCes in the movement of Mime
sota's largest crop, and the railroad reports
indicate that the northwestern lines are
choked with the enormous receipts from the
farms.
Cleveland notes activity in all lines with
small sales of ore because unsold supplies are
scarce.
There is little activity in coal at Pittsburg,
but the glass works are busy at the old
prices. The iron and steel works are all busy
with prices well held, and the coke output
n mol lCNril la 10 rt taI in f Ia
demand by one days work each week.
The iron trade is still healthy, southern
furnaces seeming to have well sold up, and
though an offer of Lehigh Valley brand of
No. at $l6,50 is reported the quotation for
pig is Sl1 to SIS Bar iron is not as firm as
other forms, and the surprisingly heavy de.
maud for plates and structural forms is for
steel rather than for iron. Rails are quoted
at $3.50, with sales for the week of 81, 800
tons. An offer for 5000 tons American iron
TO be shipped to Scotland failed because
freights were too high
The ship yards on the lakes are to be very
busy next season, contracts for thlrty-hve
vessels with tonnage of 81, 300 being quoted.
The wool trade is still dull. and while
there is fair movement of dress goods and
enlarged discounts have caused more busi-
ness IN knit goods the demand for mems
woolens is strictly moderate.
The cotton manufacture is thriving and
the trade in goods is satisfactory, print cloths
selling at 319c for 64s.
Speculation for higher prices in wheat has
not been active, since the last government
report and heavy northwestern receipts
with scanty exports combine to depress
prices, which have fallen 2lsc for the week
with sales of 3lO00O0O bushels, against
90, 600, 900 last week on FRIDAY alone.
Corn has declined 4 { and oats sc, while
pork products though still sustained by the
clique, are little lower. Coffee has yielded
14c and is weak also, traders suspect on a
better knowledge of the yield than has been
forwarded