Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1890-07-21
TRADE REVIEW
How Things Have Been Coming
During the Past Week.
Volume of Business Still Large
for the Season

Notwithstanding the Numerous Draw
baoks-Industrialo Outlook UMimproved.
Speculative Markets yariable-FOreign
Trade Unsatisfactory from a Monetary
Point of View.
New YORK, July 2I.-R. G. Dun &
Company's weekly review of trade says:
The silver bill has passed and is
signed by the president, but has had
scarcely any effect in the markets as
yet, excepting to advance bar silver
to 50.3ld., followed by . decline to sod
No change appears in Aloney markets,
and foreign exchange rsKnains steady at
a point which admits of exports of gold,
engagements for Friday being $500, 900
for Germany. The Bank of England
lost 81 500, 900 during the week, and the
later advices from South America are
less encouraging.
The industrial outlook is not improved
by delays in congress nor by drouth 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 pre-
vailing tone in almost every department
of trade is confident and hopeful West
ern hides are higher, and there is good
retail trade in summer goods, though
wholesale trade is quiet. Cotton goods
are strong, but wool favors buyers.
The Chicago board of trade statistics
continue to show great increase over
last year in improvement Of all grain
and -four and In meats, the increase in
dressed beef being threefold, and in
land, cheese and butter large, with con-
siderable gain in live stock, wool and
hides, Boot and shoe sales are little
slack, but in dry goods and clothing last
years sales are surpassed and payments
are good. Cleveland notes larger trade
than last year. though seasonably quiet
ut present, and substantially the same
is reported from Detroit and st. Paul
Minneapolis increases its weeks output
of -four above 100000 barrels, and re-
ports 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 reported in the Philadel-
phia iron market, Shipments for six
months have been 1l3, ,050 tons, and sales
made already cover about three months
more Of production. Large pQnsump-
tion OF copper sustains the price ut II
cents. and manipulation has placed tin
at 81. .55 cents, but lead is dull at 4.52
cents. Coal is lower. Wood is dull
and in limited demand. No definite inn
provement is seen in the woolen goods
market. Little is doing at present in
knit goods.
The speculative markets have been
culiously variable. Wheat is more than
half cent lower than week ago, not.
some evidence of injury
from drouth, and stock carried over
from the last crop year is estimated at
&C, 900, 900 to 10000, 900 bushels, with
yield even smaller than is now expected,
will more than meet all probable re-
quirements. Corn has advanced nearly
half a cent higher again, In spite OF
favorable crop prospects. Hogs and
pork products are weaker, and coffee
unchanged, though the distribution is
very moderate. Raw sugar has been
advanced one-sixteenth cent, though re-
fined is lower and the Spreckles product
is offered below that Of the trust. The
general average of prices of commodities
is nearly per cent. lower than week
ago, and, with no setback in crop pros
poets, considerably lower quotations
seem probable.
The treasury has taken in $9,l00, 900
more money than it has paid out during
The past week, although it has purchased
spa, 900 ounces of silver at q price not
much below Ito, Foreign trade contin.
1es unsatisfactory, as respects the mon.
etary future, because the merchandise
exports from New York for half Of July
fall 20 per cent, below those Of the same
weeks last year, while there appears a
increase in imports here
Tor two weeks the gain being over 40
per cent.
The business failures occurring
throughout the country during the last
seven days number POI, as compared
with total of 1877 last week. For the
week Of last year the
ipurQS XUarQ 90A