Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1890-08-07
DUN'S REPORT.

| Heavy exports of gold, 81, ,OOO, 900 haV-
ing been engaged for Saturday, and the
advance of the Bank of England rate
| from four TO five per cent, have altered
the monetary outlook for the present.
The merchandise imports are very
| heavy for four weeks at New York,
having exceeded last years by %
per cent, or SS, 500, 900. and yet the
months imports last year were S71, $780,
600, but exports from New York for four
weeks have been 81, 22O, 900 less than
last year, or nearly 9 per cent, and the
months exports last year, from all
points, were but $50, 25S, ,219. These
facts indicate very heavy excess
of imports for July. The cotton
exports for July have been about Is, 700
bales less than last year, and exports of
wheat and -four have of late been
checked by high prices, but for the
month shows a gain. Prices of COM
modities tend steadily upward, with ex-
pectation of abundant money and have
risen one-half of one per cent during
the week and this movement if pro-
longed will tend to cause shipments OF
gold instead of products At almost all
the interior money markets, as here,
the rates have been moderate thus far
and the supply ample, however, and the
complaints of slow collections, though
little more frequent than of late, are
comparatively rare.
The accounts of trade are almost uni-
formly satisfactory. A slight falling of
in some lines is seen at st. Louis and
rain is badly needed for crops in the re-
gion tributary to Milwaukee, but for
the midsurhmer season the state of busi-
hess is better than usual Exchanges
through all clearing houses outside
New York show gain over last year OF
u per cent Boston gains little, but re-
ports improving demand from leading
articles of trade, wool selling more
freely and leather active. Philadelphia
observes some decrease in drug business,
no change In wool, quiet in chemicals
and tobacco, but improvement in iron.
At New Orleans, Savannah and Mem
phis business is satisfactory for the
season and crop prospects excellent. At
| Detroit, St Louis, Kansas City and
Omaha business is good. Jobbers re-
port a favorable outlook at St. Paul
The daily output of the Minneapolis
-four mills is 10000 barrels and the
demand for lumber is strong, but in
parts of the West there is much ap-
ptehension and already some depression
i IN business because of injury to the
crops by drought and extreme heat.
The iron business appears rather more
confident, although no change can be OBJ
served in prices The wool manufact-
| ufe 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 weakness and large
| number Of buyers at Boston are operat-
| ing freely at the recent advance in
| orices. both leather and hides being firm
and higher in price.
Fears of injury to wheat and corn are
caused by very numerous reports from
the central Western States, though es-
tiinates OF yield of 100 900, 900 bushels
of wheat in the Dakotas and Minnesota
appear we'll supported by detailed rail-
way reports
The conflicting local accounts and es-
Inmates helped speculation to Q sharp
advance in wheat and corn, but in both
reaction has since appeared and wheat
| closes SIC lower than week ago, corn
about Sc higher and oats unchanged.
Heavy Western packing causes some
weakness in pork products, and the fine.
crop from the South helps to lower cot
| ton a shade. Oil is little
lower and coffee and raw su-
gar unchanged. In general the
speculative markets now show the in
fuenos of anticipated currency expan.
sion. but reaction would be natural II
outgoss Of gold at the rate of -, oOo. 600
| In q week should continue to overbsl-
ancs expected purchases of silver at the
rate of 81, SOC, 600 ounces in month.
For some time to come the monetary
outlook will, therefore, be narrowly
| watched, on account of its possible in
fuence upon the course of prices
The business failures occurring
throughout the country during the last
seven days number 169, as compared
with 199 last week. For the correspond
ing week of last year the figures were
31a