The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-07-25
u N WEEKLY REVIEW.
A Fair Retail Trade in summer Goods-
Tho Wholesale Trada Rather Quiet.

"A - W. AsA 0ND
Tho Wholesale Trade Rather Quiet.
R. G. Dun & Co.'s weekly review Of
trade: The silver bill has been passed and
has been signed by the president, but it
has had scarcely any effect on the market
as yet, excepting the advance in bar silver
to 5O.31d, followed by . decline to SOD. No
change appears in the money markets aud
foreign exchange remains steady at a point
which admits exports Of gold, the engage.
ments for to-day being $5Oo,O00 for Ger
many.
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 de-
lays in congress-, nor by the drought in
some western states, which seem likely to
cut down the yield OF wheat, but the vol
ume Of business still continues very large
for the season and the prevailing tone in
almost every department of trade is conf
dent and hopeful.
Western hides are higher aud there is q
good retail trade in summer goods, though
wholesale trade is quiet. Cotton goods
are strong, but wool favors the buyers.
The Chioago board of trade statistics o n
tinue to show a great increase over last
year in the movement of all grains and
flour and in meats, the increase in dressed
beef being Threshold, and iu lard, cheese
and butter large, with a considerable gain
in live stock, wool and hides.
Boot and shoe sales are a little slack, but
in dry goods and clothing last years sales
are surpassed and payments are good.
Cleveland notes a larger trade than last
year, though seasonably quiet at present,
and substantially the same is reported
from Detroit and St. Paul. Minneapolis
increases its output of flour ,by above
100, 900 barrels and reports q strong lum
Der 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 Phil.
adeIphia iron market, the shipments
for six months have been 713, 2Ot
tons and sales made already cover abou,
three months more of production. Large
consumption of copper s~l.stains the pric,
at Is cents and manipulation has placed
tin at 21.55 cents, but lead is dull at 4.12
Coal is lower. Wool is dull and in limitet
demand and nc definite improvement i
seen in the WOODEN goods market.
Little is doing at present in knit goods
The speculative markets have been curl
ously variable. Wheat is more than half
cent lower than a week ago, notwithstand
ing some evidence of injury from drought
the stock carried over from the last yea
crop is estimated at 60, 900, 900 to 70, 0Oo,O 90
bushels, which, with a yield even smalle
than is now expected, will more than NEE
all probable requirements.
Corn has advanced nearly half q cen
higher again, in spite of favorable croI
prospects. Hogs and pork products ar
weaker and coffee is unchanged, though
the distribution is very moderate. Raw
sugar has been advanced a sixteenth
though refined is lower and the Spreckels
product is offered below that of the trust
Thu general average of prices of commodi-
ties is nearly ] per cent. lower than a week
ago, and with 10 setback in crop pros
poets, considerably lower quotations seem
probable.
The treasury has taken in 49, 100, OOC
more money than it has paid out during
the past week, though it has purchased
525 5000 ounces of silver at o price no,
much below $1.10. Foreign trade con.
t:nues unsatisfactory as respects the mo,
mentary future, because the mtrchandis,
exports from New York for half of Jul:
fall 20 per cent. below those of the sam
weeks last spring, while there appears
remarkable increase in imports for tw
weeks, the gain being over 40 per cent.
The business failures occurring through
l out the country during the last seven day
number 207, as compared with q total {
1877 last week; for the corresponding wee
I OF last year the figures we're 208.