The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-07-19
THE WEEKS TRADE.
Little Effect by Silver Legislation Prices
Generally Lower

NEW YORK, July 1S.-R. G. Dun & Co.'S
Weekly Review Of Trade says: The silver
bill has been passed and is signed by the
president, but has had scarcely any effect
in the markets as yet, excepting the ad-
vance in bar silver 20 503l, followed 10y a
decline to so. No change appears in the
money markets and foreign exchange re-
mains steady at point which admits eX-
ports OF gold, engagements for today being
S500000 for Germany. The bank of Eng
land lost 81, 100000 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 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 department of the
trade rs confident and hopeful. Western
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 con-
tinue to show great increase over last year
in movements of all grain and flour, and
IN meats, the increase in dressed beef being
three fold and in lard, cheese end butter
large with considerable gain in live stock,
wool and hides. Boot and shoes sales are
Fl little slack, but in dry goods and cloth
fng, last years sales are surpassed and
payments are good. Cleveland notes
larger trade than last year, though season
ably quiet at present, and substantially
the same is reported from Detroit
and St. Paul. Minneapolis in
Creases its weeks output of flour
above l00,0 600 barrels and reports strong
lumber market. Trade is reported 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
Philadelphia iron market. Shipments for
six months have been 7l3 POS tons and sales
made already cover about three months
more of production. A large consumption
OF copper sustains the price at Il cents
and manipulation has placed tin
at 2i.65 cents, but lead is duh at
S451. Coal is lower Wool is duh and
limited demand; no definite improvement
is seen in the woolen goods market. Little
Is doing at present in knit goods.
The speculative markets have been cur
iousIy variable. Wheat is more than a
cent lower than a week ago, nOthwith-
standing some evidence of injury from
drought. The stock carried over from the
last crop year is estimated at 60, 100000 to
T0,000,000 bushels. which with a yield even
smaller than is now expected, win more
than meet all probable requirements.
OOrn mas advanced nearly = cent higher
again in spite of favorable crop prospects,
Hogs and pork products are weaker and
coffee unchanged, though the distribution
j very moderate. Raw sugar has been ad-
Vanced l-16, though refined is lower and
the Spreckles product is offered below that
of the trust. The general average of
prices of commodities IS nearly l per cent
lower than a week ago, and with no set
back in crop prospects considerably lower
quotations seem probable
The treasury has taken in s., 100000 more
money than it has paid ont during the
past week, although it has purchased 535,-
900 ounces of silver at a price not much be-
low 10.
Foreign trade continues unsatisfactory
as respecting the monetary future because
the merchandise exports from New York
for half of July fall 20per cent below those
of the same weeks last year, while there Is
"A remarkable increase in imports here for
two weeks, the gain being over 40 per cent.
The business failures occurring through
out the country during the last seven days
number 207. aS compared with total of
107 last week FOrthe corresponding week
of last year the figures were POS.