Omaha daily bee., 1889-10-26
DUN'S REVIEW OF THE WEEK,
The Money Market Has Become
More Easy.
BANK RESERVES ARE SMALL.
An Artificial stringency NAV at
Any Time Be Experienced =
Legitimate Trade Moro
Encouraging.
The Outlook Imnroyed.

New YoRK, Oct. 25.-TSpecial Telegram to
THE BEE l--R. g. Dun & Co.'s weekly re-
view OF trade says: The money market has
become more easy, with the prospects that n
serious disturbance this season is no longer
Is be apprehended.
The banks are running with narrow re-
serves, and an artificial striugency may at
any time be engineered, but the movement of
crops has been heavy.
In the natural course of events the return
of money to this center should soon begin
and the possibility of foreign decline seems
more remote.
The Bank of England gained last week
81, ,21O, 600. and the bank of France $3.50, 900
in gold
Securities do not appear to be moving very
largely either way, while the merchandise
exports for three weeks show gain of Ia
per cent over last year, against gain of ID
per cent in imports. The rate of foreign ex-
change has accordingly declined a share.
There is little more stringency at Omaha,
less at Cleveland and an active demand with
a conservative tone at Chicago, but other
wise the markets west and south all report
supplies adequate for Legitimate trade
Collections are unusually satisfactory at
almost all points, though Milwaukee notes
some tardiness because the farmers are hold
ing back their products for better prices.
The volume of trade. fair for the season aJ
all points, is greater than q year ago at most,
and the aggregate OF bank clearings outside
of New York exceeds last years. by per
cent. Chicago finds u larger increase, par
ticularly IN dry goods, while sales OF cloth.
ing and shoes are fair, Notwithstanding tho
mild and dry weather. Provision sales are
larger than last year and grain sales are
about rs large.
The wool trade has been the largest here
! for long time and more active at Boston.
where sales were 3, 100000 pounds, but dull
| at Philadelphia. Plainly some manufacturers
are taking hold with more confidence, the
market having been nearly cleared of some
grades of foreign stock imported under the
old rulings, and imports of worsted having
of late decreased.
Iron grows stronger Tho Thomas COM
pany has advanced its price 81. demand
from Canada and from Mexico is felt for
eign prices being high. Bar iron is firm,
blooms and billetts feverish and rails are
S31. 80 to S32. The orders already booked for
1890 amount to 100000 tons or more.
Copper Is steady, tin shade lower here
Mt 201sc, ana lead depressed TO S3.i5 by ex-
pectaton of large Mexican supplies.
The coal trade is duh and the weeks
| meetings have accomplished nothing beyond
fixing upon 3.Oo0,OO0 tons as the output for
November. Sales are generally below the
| schedule, stove selling at $780,
Liquidation in wheat continues with
prices &c lower than a week ago ana sales of
| 65,0000 600 bushels here. Stubborn facts,
heavy receipts and SCanty exports eke out
| the patience of those who have had faith in
| worlds famine, and state official reports
| indicate larger yield than those of the de-
| partment of agriculture.
Corn Is 3Sc higher, with sales of $500 600
| bushels The export movement still exceeds
| last years.
| Pork products are weak, and in hogs
! the decline has been 90 cents per 100 pounds
Oil has risen &c. coffee is unchanged and
| sugar is again lower.
Cotton continues downward, the receipts
exceeding those OF the same week last yea r
by 10000 bales, and exports by 80 900 bales.
and while there has been touch of snow in
Virginia, the dreaded frosts in the cotton
states is still deferred. .-
The market for securities has been weak
| in spite of the relief IN the money market
and some very favorable reports regarding
particular properties.
The traffic arrangement between the Union
| Pacific and the Chicago SS Northwestern is
| thought to foreshadow an abandonment of
| the so.called presidents association, and an
attempt to secure more effective consollda-
ton. Earnings are iO1S per cent larger than
| last year, for February thus far, but the
Pennsylvania statement for September
shows very scanty increase, and caused
disappointment. On the whole the specu-
| lative markets are not promising, and are
| judcously let alone by the public. But the
| outlook for all legitimate business is more
encouraging than it has been for q long
time
The business failures during the last seven
| days number for the United States 1SS, and
| for Canada 81 For the corresponding week
| last year the figures were 222 failures in the
United States, and 81 in the Dominion of
| Canada.