Thomas County cat. [volume] (Colby, Kan.) 1885-1891, 1890-09-25
DUN'S REVIEW.

The Money Stringency Affects
Trade in All Lines.
New York, September 23.-R. G. Dun i
Co.'s weekly review of trade says:
The root of the difficulty is that wheat i:
quoted at 9sal cents at Chicago, $1.O2M here,
and only about S1.O3 at Liverpool for the
same grade, SO that no free and natural
movement to the seaboard, or hence to Eu-
rope, can take place. Similar obstacles
check the movement of some other products.
Export of wheat and corn are not half those
of last year at corresponding dates. But
imports are coming forth in large volume,
anxiety to get goods here before the new
tariff goes into effect being great. In half
of September the increase of imports over
last year at New York has been 9 per cent,
but the decrease in exports hence has been
Is per cent.
The movement during the past week has
been toward natural adjustment of prices,
and wheat is 80 cents lower, with sales of
81 ,OOO, 900 bushels Corn, Il cent lower, with
sales of 100000 bushels; cotton, IS cent
lower, with sales of 800, 600 bales, and lard
and hogs shade lower, but oats have risen
fraction; oil nearly l cent, and butter and
some other farm products are higher.
The interior money markets are generally
closer, with 6 strong demand, which an I'M
precedented volume of business naturally
causes. At Boston the stringency affects
trade somewhat, but wool is in much better
demand, sales reaching 5,693, 600 pounds.
Wool also shows improvement in Philadel-
rhia, and cotton manufacture Is fairly active.
The iron trade is very active and nailmakers
advances prices to 81 per key. Chicago has
large decrease from last year in receipts of
Eraln, but increase in lard, cheese, hides and
wool; dry goods and clothing sales exceed
last years, with prompt collections, and the
they are more quiet.
Money at Chicagois close and rates sitter,
the demand being very heavy, but the strin-
iency does not much affect general trade.
t. Louis notes good fall trade in all lines,
especially dry goods and boots and shoes,
with money at to per cent. At all other
western points reported trade is good, ex-
ceeding last years, but everywhere money
Is in strong demand and almost plays light.
Closeness also appears at southern points.
Galveston hopes for relief as soon as cotton
moves. Atlanta reports cotton going for
ward every day, and not much trouble caused
by tight money, and Savannah reports a
close market, with receipts 81 600 bales cot
ton, Ia, 500 barrels rosin and 1850 spirits.
The consumption of iron is enormous, the
largest ever known. But the new business
III OdI nun 10 AOt IChNJs anu tuc uclIduu,
for rails is light, with some sales at So and
reports of others even lower. Pig iron is
weaker, though quotations do not change.
The great increase in sales of wool makes a
revival in the manufacture, and the cotton
manufacture is active, the decline in raw
material helping. The dry goods business is
growing in activity. Even in wooden goods
an improvement over last year is conceded.
The movement of freight is heavy and rail-
road earnings continue to show an increase,
though failure to adjust the question of rates
raised by the interstate commission is still a
disturbing factor. The general condition of
business is SO satisfactory, monetary pressure
only hinderlng, that the failure at Boston
rauses no apprehension. If speculation does
not prevent adjustment of prices to the con-
ditlons of legitimate trade the monetary diff
fculty Will soon be overcome by the market
ing of products.
The business failures during the past seven
days, number 100, as compared with 1873 last
week and 2OS the week previous to the last.
For the corresponding week of last year the
figures were 1873.