The Iola register., 1890-08-01
iMPRovINo.


Duns Weekly Report Makes More En-
oouraging showing-More Money and
Better Prices in Sight.
New York. July 26.-R G. Dun &
Co.'S weekly review of trade says: More
money and higher prices met the wishes
OF most traders, and accordingly the
tone of the business world Is more sat-
isfied and confident Meanwhile silver
is accumulating. having risen a cent per
ounce by Monday and since declined
three-fourths of cent and shipments
hither from Russia have become known.
Because of speculation in grain and cot
ton, and higher prices for some manu-
factured goods, the general average
has risen during the week one-half of 1
per cent, and there are indications of
renewal of the speculative fever, which
the prospect OF monetary expansion
produced some time ago. But in other
respects the outlook is good, business
large for the season and the great indus
tries on the whole improving in condi-
tion. Latest reports of exchanges
through clearing houses outside of New
York show gain of Is per cent. over
last year.
The wooden manufacture shows the
least improvement of all the great in
dustries- The failure of the Senate to
60 on with the Tariff bill operates as a
wet blanket the dealers say. The boot
and shoe trade is particularly healthy
and active for the season A most
cheering statement is made by the iron
and steel association, showing that
stocks of pig iron unsold have increased
only $4,000 tons since January /,
though the production in the six
months is reckoned by the Iron Age at
1910, 600 tons, which would indicate an
increase of nearly half million tons
in the consumption. The coal trade is
phenomenally dull and the output for
July has been restricted to 5000, 600
tons. Copper rises steadily with grow
ing demand, while tin is an eighth
lower and lead quiet
Wheat has been hoisted by great per-
sistency in circulating unfavorable re-
ports of yield at home and abroad, but
exports are not large, and the
prospect in most of the spring
wheat regions is very light. Prices
advanced 255c cents for wheat,
21z for corn and for oats on small
transactions, Cotton also rose three
sixteenths of cent on sales of $50, 600
bales, in spite of highly favored crop
reports. Coffee was steady and dealers
claim that better distributive demand
begins to be felt Oil is a fraction
higher with small transactions, but
hogs and pork products are lower Raw
sugar has been lifted fraction in spite
of the depression of refined by Spreckles'
sales. In general speculative markets
for products show tendency to ad- |
vance, mainly because of more money
and more speculation.
The state of business at other cities is |
everywhere as favorable and, at some, |
more favorable than week ago. Bos.
ton notes trade steadily exceeding last
years, with quiet in some branches, but
great activity expected. Philadelphia |
finds a greater demand for iron products, |
with difficulty in obtaining prompt de-
liveries; the tobacco business is fair and |
the trade in chemicals, drugs and liquors,
though quiet, as usual at this season, is
in good condition. Chicago enjoys, ac-
cording to Board of Trade returns,
large increase in all grains and
in cured meats and
,attle, with dressed beef move.
nent three times as large
IS last year, and sales of dry goods and
clothing larger than year ago. Wool
receipts are small, and the shoe trade
Iuiet ST. Louis reports fair volume
If trade i'll nearly all lines, and good
prospects for the fall. At Kansas City
business is better, and at Milwaukee
ind Detroit fairly maintained for the
eason, with good prospects. At Pitts
'urgh, iron is slightly weaker for few
,rades, but manufactured products are
n good demand and the glass trade
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