Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1890-07-26
FOR ALL
Weekly Review of the business Of the
Country, OF Which a Careful, Regular
Study IL a Commercial Education
An Should Read 1t Every Week.
Passage Of the Silver Bill shows no Imme-
diate EfTocts-Amount of Old Wheat
Carried Over-The Treasury Accu-
mulatIns and Buying Silver.

NEW 1ORK, July zl.-k. u. Oun q 70
weekly review of trade says:
The silver bill has been passed and is
signed by the president, but has had scarcely
any effect on the markets as yet, excepting
the advance in bar silver, followed by de-
cline. No change appears in the money
markets, and foreign exchange remains
steady, at a point which admits exports of
gold, engagements being half million for
Germany. The Bank of England lost 81
100000 during the week, and the late advices
from South America are less encouraging.
The industrial outlook is not improved by
delays in congress, nor by drouth 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 trade is confident
and hopeful.
Western hides are higher, and there is a
good retail trade in summer goods, though
wholesale trade is quiet.
Cotton goods are strong, but wool favors
buyers.
The Chicago board of statistics continues
to show great increase over last year in
movements of all grain and -four, and in
meats, the increase in dressed beef being three
with considerable gain in live stock, wool
and hides.
Boot and shoe sales are little slack, but
m dry goods and clothing last years sales
are surpassed and payments are good.
Minneapolis increases its weeks output of
-four above 100000 barrels, and reports a
strong lumber market. Trade Is good at
ment at Kansas City is large, but at low
prices.
A rather better tone is reported in the Phil
adelphia iron market. Shipments for six
months have been ia, 205 tons, and sales
made already cover about three months more
of production. A large consumption of cop
per sustains the price at II cents and mani
pulation has placed tin at 21.55, but lead il
dull at 4.25.
Coal is lower.
Wool is dull and limited in demand.
No definite improvements seen in the wool
en- goods market. Little is doing at present
in knit goods.
The speculative markets have been curl
ously variable. Wheat is more than half a
cent lower than week ago, notwithstanding
some evidence of injury from drouth. The
stock carried over from last crop year is es-
timated at 10000, 900 to 10000, 600 bushels,
which, with yield even smaller than is now
expected, will more than meet all probable
requirements. Corn has advanced nearly Is
cent higher again, in spite of favorable crop
prospects. Hogs and pork products are
weaker and coffee unchanged, though the
distribution is very moderate. Raw sugar
has been advanced 1-16 cent, though refined
is lower and the Spreckles product is offered
below that of the trust. The general average
of prices of commodities is nearly 1 per cent
lower than week ago, and with no set back
in crop prospects considerable lower quota
tons seems probable.
The treasury has taken in 100000 more
money than it has paid out during the past
week, although it has purchased $4,000
ounces of silver at a price not much below
ITO.
Foreign trade continues unsatisfactory as
respects the monetary future. because the
merchandise exports from New York for half
of July fall 20 per cent. below those of the
same weeks last year, while there appears a
remarkable increase in imports here for
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 1877 last
week. For the corresponding week of last
YEAR the figures were 20S.