Omaha daily bee., 1890-07-19
DUN'S REVIEW OF The WEEK,
The Passage of the Silver Bill Has Little
Effect on the Markets.
WHOLESALE TRADE is A LITTLE QUIET,
Fair Retail Trade i'm Summer Goods
Hogs and Pork Prod ucts Weaker
and CoTee Unchangc -tO7
Business Failures.

NEW YoRk, July Especial Telegram to
TUE BEE. l-R. G. Dun Il Co.'S weekly re-
view of trade The silver bill has been
passed and has been signed ey theprcsdent
but it has had scarcely any effect on the
markets as yet, excepting the advance in bar
silver to 5O.3ld, followed by "a decline to SOD.
No change appears in the money markets
and foreign exchange remains steady alta
point which admits exports OF gold the en-
gagements for today being S5oO,OOO for Ger
many.
The Bank of England lost 81 $4,000 during
the week and the later advices from South
America are less encouraging. ThemdUs-
trial outlook is not improved by delays III
congress. nor by the drought in some western
states, which seems likely to cut down the
yield OF wheat but the volume Of business
still continues very large for the season and
the prevailing tone in almost every depart
ment of trade is confident and hopeful,
Western hides are higher and there is u
good retail trade in summer goods, though
wholesale trade is quiet. Cotton goods
are strong. but wool fayors the
buyers. The Chicago board of
trade statistics continue to show a great in
erase over last year in the movement of all
grains and -four audin meats, the increase in
dressed beef being thrce-fold, and IN lard,
cheese and butter large with considerable
gain in live stock, wool and hides.
Boot and shoe sales are II little slack, butn
dry goods and clothing last years sales are
surpassed and payments are good. Cleye-
land notes larger trade than last year,
though seasonably quiet at present, and sub
stan TALLY the same is reported from Detroit
and St. Paul. Minneapolis increases its
weeks output Of flour by above 1OO0O0barrcls
and reports strong lumber market.
Trade is good at Omaha and Denver, but
dull and inactive at Jacksonville. The live
stock movement at Kansas City is large but
at low prices. A rather better tone is re-
ported In the Philadelphia iron market The
shipments for six mon tbs have been 7l3,9O5
tons aud sales made already cover about
three months more of production. Large
consumption of copper sustains the price at
Ii cents and manipulation has placed tin ut
| 255 cents, but tlead is dull at 4. II, Coal is
| lower. Woolis dull and in limited demand
| and no definite improvement is seen in the
| wooden goods market.
| Little is doing at present in knit goods.
| The speculative markets have been curiouSly
| variable Wheat is more than half "a cent
| lower than week ago, notwiths landing some
| evidence of injury from drought; the stock
carried over from the last year crop is estl-
mated at 60 OOO, 900 TO 7O000,O) bushels,
which, with a yield even smaller than is now
| expected, will more than meet all probable
| requirements.
Germ has advanced nearly half cent
higher again, in spite of favor
able crop prospects. Hogs nd
| pork products are Weaker ana COlIce Is uil
changed, though the distribution is very
moderate. Raw sugar has been advanced d
sixteenth, though refined is lower and the
Spreckel's product is offered below that OF
the trust. The general averaged of prices OF
commodities is nearly per cent lower than {
week ago, and with no set back in crop pros
pec:s, considerable lower quotations seen
! probable.
| The treasury has taken in S2l00, 900 moro
money than it has paid out during tho
past week, though it has purchaseC
81, 900 ounces of silver at a price not muc
below110. Foreign trade continues unSatis
factory as respects the momenary future
because the merchandise exports from New
| York for hall of July fall 20 per cent below
those of the same weeks last spring, while
there appears remarkable increase in i'm
ports for two weeks, the gain being over A
per cent.
The business failures occurring throughou
the country during the last seven days mum
ber 2v1, as compared with total of 10. las
week; for the corresponding of last yea
the figures Were DOS.