Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1890-07-19
HOPEFUL.
4 Mixed Condition of Productive Indus-
tries With Gold Going Abroad; SAIL
There L. Marked Increase in
Trade and Traffic.
Collections Generally Satisfac, DRY; ~ Are
Crop Prospeets-IrOn Indus ~ Busy
But Pressure to Realize Holds
Down Prices.

NEW YoRK, July 14.-In spite Of the usual
midsummer dullness, aggravated this year by
exceptionally hot weather, the volume of
business continues larger for the season than
IN any previous year, and in ali quarters high
hopes are stimulated by excellent crop re-
ports. The Bank of England lost 81, 80, 900
last week. the Bank of Germany s., 4S0, 900,
and the Bank of France $1.2l5,0Oo in all
$5,S95.ooO in a week. and it has been decided
to call over 100000 from this country.
The first shipments began with scaaty re-
serves here. on which to begin the fall move
ment, and money tight at Boston and active
at Philadelphia, and in sharp demand in
Chicago at per cent. on call, the prospect Is
less clear than it has been, though rates here
are comparatively steady.
From many northwestern cities special re-
ports show distinct improvement because of
crop prospects, which st. Paul calls the best
for years Yet prices of wheat have ad-
vanced IL cents on sales of Il, 900. 600 BUSH
els, corn IL cents on sales of 17,o0O,0 900
bushels. and oats cent, while cotton is un-
changed, with moderate dealings.
Hogs and lard are higher, with potatoes
and eggs, but oil is cents lower.
Slow consumption of sugar is also noticed,
but the general average of prices has ad-
vanced fully 1 per cent. The more impor-
tant branches CT manufacture show hesita-
ton.
Wool receipts are large at Boston, but
manufacturers do not buy freely. At Phila-
delphia dullness reigns and western markets
are weaker, though still too high for the
views of most manufacturers. No change Is
seen for improvement in prices of goods,
and the heavy imports are expected to keep
prices down for the rest of the year.
In the iron business the buoyancy antici-
pated at Philadelphia does not appear.
There and here pressure to realize keeps
the market weak. Pittsburg notes no loss
in the price, but slower movement.
The leather industries are in better shape.
Coal is dull and weak, the recent advance
being principally on paper, and the half
years output being within !, COO tons of the
output last year. Copper, tin and lead con-
tinue strong.
Reports from all quarters are hopeful.
Midsummer dizziness prevails at Boston, in
creased by monetary stringency, and at Phil
adelphia and Pittsburg by the fact that
higher wages have been conceded to iron
workers, though higher prices for products
do not seem obtainable. Chicago reports
are of a larger movement than last year in
all grains and meats, in wool and in dry
goods. with easy and prompt collections,
very good trade in clothing, and better than
last year in boots and shoes.
: st. Louis finds trade above the average,
but at Kansas City trade is hight and collec-
tons are poor because of drouth.
The traffic of railroads is still very large,
for the last week in June, about 8 per cent.
for the month about IL per cent. above last
years, while the few reports for July shows
still larger gains.
Receiverships for the half year covered but
81, 00o, 900 of stocks and bonds of $3.50 miles,
while foreclosures for the half year covered
$50, oO0, 600 of stocks and bonds and 1880
miles of roads. The steady growth of the
country is illustrated in national bank re-
ports, showing an increase since 1880 of 66
per cent. in the number of banks, n per
cent in deposits and 80 per cent. in loans.
The business failures occurring through
out the country during the last seven days,
numbered 1877, as compared with 199 last
week. For thecorresponding week of last
year the figures were 20a,