Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1890-08-09
GOING.
imports Of Merchandise Very Hsavyi
While Exports are Lighter Than Last
Year-Aoney Rates Moderate
a and the Supply Anaple.
Complaints of slow Collections ComPora-
lively Rare-AveraSe Prices of Comodi-
ties AdVancIng-wheatL Lower and
Corn. Higher-Fewer Failures.

NEW York, August Ar. G. Dun & Coz
weekly review of trade says:
Heavy exports of gold (4,0O0,0oO) were en-
gagged for Saturday, and the advance of the
Bank OF England rate from to 5 per cent.
mas altered the monetary outlook for the
present. The merchandise imports are very
heavy for four weeks at New York, hav-
ing exceeded last years by % per cent, or
sS,SOO,OOo, and yet the months imports last
year were 81 SOC, 900, but exports from New
York for four weeks have been 10000
less than last year. or nearly 9 per cent, and
the months exports last year from all the
ports were but So, 25S, 219. These facts in
dicate very heavy excess of imports for
July.
The cotton exports for July have been
about lS, 100 bales less than last year, and
exports OF wheat and flour have of late been
checked by high prices, but for the month
shows gain. Prices of commodities tend
steadily upward with the expectation of
abundant money, and have risen Il of per
cent. during the week, and this movement,
if prolonged, will tend to cause shipments of
gold instead of products.
At almost all the interior money markets
far and the supply ample, however, and the
complaints of slow collections is a little
more frequent than of late, and are compar-
aively rare. The accounts of trade are al
most uniformly satisfactory. A slight fall
ing OF in some lines is seen at St. Louis and
rains is badly needed for crops in the region
tributary to Milwaukee, but for the mid
summer season the state of business is better
than usual.
The daily output of Minneapolis fiou mills
is 80, 600 barrels and the demand for lumbe,
is strong, but in parts of the west there is
much apprehension, and already some depres-
sion in business because of injury to crops
by drought and extreme heat. The iron bust
ness appears rather more confident, though
no change can be observed in prices. The
wool manufacture changes but little. At
Philadelphia and here, no improvement is
seen and western prices are held too high for
manufacturers.
The boot and shoe business shows no weak
ness, and large number of buyers at Bos-
ton are operating freely at the recent ad-
vance in prices, both leather and hides be-
ing firm and higher in price.
Fears of injury to wheat and corn arr
caused by very numerous reports from the
central western states. though estimates of a
yield of 100, 100000 bushels of wheat in the
Dakotas and Minnesota appears we'll sup
ported by detailed railway reports. The con-
IIClluS IOCdl dCCOuuJS anu eStlKudUSS n6lpeu
speculation to a sharp advance in wheat and
corn, but in both reaction has since appeared
and wheat closes 80 cents lower than week
ago, corn abont cents higher and oats un-
changed.
Heavy western packing causes some weak
ness IN pork products, and the fine crop
from the south helps to lower cotton shade.
Oil is little lower and coffee and raw sugar
unchanged.
In general, the speculation markets show
the influence of anticipated currency expan-
sion, but reaction would be natural if outgoes
of gold at the rate of 100000 in a week
should continue to overbalance expected pur-
chases of silver at a rate of 4, 500, 90 ounces
in month. For some time to come the
monitary outlook will therefore be narrowly
watched on account of its possible influence
upon the course of prices.
The business failures occurring through
out the country during the last seven days,
number 1S9, as compared with 1913 last |
week. For the corresponding week of last |
year the failures were 80.