The Sunday herald and weekly national intelligencer., 1890-07-06
INTERESTING TRADE TALK.
Large Business, Bright Prospects, Univer.
sal Hopefulness and Confidence.


New YORK, July 5.-The weekly review of
trade by r. G. Dun Il Co. says: With the be-
ginning of new fiscal year we have heavy
disbursements and easier money, better crop
prospects, and continuance of larger trade for
the season than has been seen in any previous
year. Monetary apprehensons, excited by ex-
ports of gold, have been allayed by the heavy
disbursements in dividends and interest, said to
be the largest ever made at this season and, ex-
elusive of Government payments, estimated at
$74,00O,00 against $61 900 last year. The
interior money markets are all firmly supplied
at usual rates.
The volume of trade shown by the clearing
house returns at all cities outside of New
York is AL per cent. larger than last year
for the month Of June, and 13 per cent.
larger for the half year. The last week or two
have witnessed smaller increase, the extreme
hot weather having depressed trade at many
Western points, while at the East the hesitation
on account of pending legislation is now no
ticeable. Railroad earnings thus far reported
for June show a ain of about 10 per cent.
over last year, but these show less gain for the
latter than for the first half of the month.
Activity in building still renders lumber and
other materials in active demand, while anthra-
cite coal is shade stronger.
Wheat has been 14c. higher, the visible supply
having rapidly diminished, but those who
claim that much less than 70, ,000 600 bushels of
surplus has been brought over to the new crop
year are compelled to dispute the correctness of
the official and only information of last years
yield. Pork products are steady and raw sugar
a shade lower, reported stocks In all countries
being 100000 tons, against 667, 900 year ago
In general the speculative markets have been
rather inactive, and the level of prices for all
commodities July l, though "A shade lower than
a week ago, or January ], is fully 2 per cent
higher than at the same date last year.
Government reports make the decrease in
circulation of all kinds of money in June less
than 81, 900, 900, but for the year past the in
crease has been $40, 100000. For the first time
the public debt, less cash on hand, falls below
81, 900 000,0 600, but appropriations of 1670O0000
for pensions during the new fiscal year
render it less likely that the surplus will be
troublesome. The stock market has been
stronger, The accounts from the interior
cities are most hopeful, though present quiet
is noted at Philadelphia, Boston, and, on ac-
count of great heat, at st. Louis, Milwaukee,
and many other Western cities.
Dry goods and clothing trade larger than last
year, with good fall orders and satisfactory pay
ments. In all the reports received there is
nowhere complaint of collections, and the con
tdence in large trade next fall is almost uniyer-
! sal.
/ The business failures occurring during the
! week number, for the United States, 1S1, and
! for Canada, IS, or total of 199 as compared
with 232 last week. For the corresponding week
/ of last year the figures were 202 representing
165 failures in the United States and II in
/ Canada.