The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-08-08
DUN's WEEKLY REVIEW.

several NHH0b w hkCA 10uu 10 A4pOx tho
MONEY Outlook for the Present-Apprs-
hension Of Injury to Crops by Drouth.
R. G. D.n & Co.'s weekly review Of
trade says: Heavy exports of gold, a.,
O00, O00, having been engaged for Saturday,
and the advance Of the Bank of England
rate from 4 to S per cent. have altered the
monetary outlook for the present. The
merchandise imports are very heavy for
four weeks at New York. having exceeded
last year by % per cent, or SO, 800, 900, and
yet the months imports last year were
about $71,8OO, GOO. But exports from New
York for the four weeks have been 3d.
220,000 less than last year, or nearly 96
per cent, n the months exports last
year from all ports were. but $52, 1855, 219.
These facts indicate a very heavy excess Of
imports for July.
The cotton exports for July have been
about 1900 bales less than last year, and
exports of wheat and -four have of late
been checked by high prices, but for the
month show a gain. Prices of commodi-
ties tend steadily upward, with expectation
of abundant money, and have risen half of
per cent. during the week, and this move
ment, if prolonged, will tend to cause
shipm* nts of gold instead of products. At
| almost all the interior money markets, as
here, the rates have been moderate thus
far aid the supply ample, however, and
the complaints of slow collections, though
a little more frequent than of late, are
comparatively rare.
The accounts of trade are almost uni
formly satisfactory. A slight falling off in
some lines is seen at st. Louis, and rain is
badly needed for crops on the region trib.
utary to Milwaukee, but for the mid sum-
mer season the state Of business is better
than usual. Exchange through all clear
ing houses outside New York show again
over last year of IL per cent. Boston
gains little, but reports improving demand
for leading articles of trade, wool selling
more freely aud leather active. Phila-
delphia observes some decrease in drug
business, no change in wool, quiet in chem
icals, liquors and tobacco, but improve
ment in corn. At New Orleans, Savannah
and Memphis business is satisfactory for
the season and crop prospects excellent.
So at Detroit, st. Louis, Kansas City and
Omaha business is good.
Jobbers report a favorable outlook at
st. Paul, the daily output of Minneapolis
-four mills being 3d. 600 barrels and the de-
mand for lumber is strong. But in parts
of the west there is much apprehension,
and already some depression in business
because Of injury to crops by drouth and
extreme heat. The iron business appears
rather more confident, though No
change can be observed in prices. The
wool manufacture changes but little. At
Philadelphia and here no improvement ia
seen, and western prices are held too high
for manufacturers. The boot and snoe
business shows no weakness, and a large
number of buyers at Boston are operat-
ing freely at the recent advance in prices,
both leather and hides being firm and
higher in price.
Fears Of injury to wheat and corn are
caused by numerous reports from the GEN.
trail western states, though estimates of a
yield of 100, 900, 900 bushels of wheat in the
Dakotas and Minnesota appear we'll sup
ported by detailed railway reports. The
conflicting local accounts and estimates
helped speculation to a sharp advance in
wheat and corn, but in both a reaction has
since appeared, and wheat closes 81 cents
lower than q week ago, corn about s cents
higher and oats unchanged. Heavy west
ern packing caused some weakness in pork
products and the fine crop reports from the
south help to lower cotton q shade. Oil ID
70 little lowor and coffee and raw sugar un-
changed.
In general the speculative markets show
the influence of anticipated currency OK.
pansion, but n reaction would be natura
If exports of gold at the rate of 81, 900, 0O(
2 week should continue to ~oyerbalanca. ex,