Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1890-09-20
MONEY TIGHT.
The Demands of Cash for Duties When
the New Tariff Law Takes Eject Proves
q Scare Which is passing Over
Helped by the Treasury.
digher Prices From Unfavorable Crop
Reports Mostly SpecuIative-Pres-
sure Curing Itself by Re-
pressing Speculation.

NEW YORK, September 15-R. G. Dun 4
Co.'s weekly review Of trade says:
The past week has justified those who gave
warning that the monetary ease, caused by
treasury disbursements, could be but tenn
porary. The market has been tight, with
extreme rates paid in some cases.
At Boston and Philadelphia monetary
pressure also effects business; at Chicago the
market is somewhat firmer and the demand
active; at st. Louis it is stiff at 7 and 8 per
cent; at Kansas City more firm; at Omaha a
trife close, but fairly supplied; at Milwaukee
very active and to some extent disturbed by
large lumber failure In the interior: at De-
troit the demand is strong at 7 per cent: at
Cleveland the tightness is rightly ascribed as
to the volume of business; at Pittsburg the
demand is fair at s to Z per cent, and only at
New Orleans, of all the cities reportino il
the market easier. The immediate fright at
New York was about supposed enormous de-
hands for payment of duties, if the new
tariff should go into effect October |. The
TACT as officially reported is that less than
IS, COO, COO would pay full duties on all goods
In warehouses where the rates have been in
creased, but no one supposes that the entire
quantity would be taken out, and meanwhile
the treasury is now offering to nav out
$50, 0O0,0 900 for Al per cents and So. coo 600
more in prepayment of interest on the Az
per cents.
Breadstufs had not been strong until
Thursday, the latest information as TO WELD
being generally more favorable, but the gov
eminent report as to condition September 1,
enabled spectators to produce a ''bear
panic" and the net advance for the weei- has
been cents in wheat on sales of 2O,OO0, 900
bushels; cents IN corn on sales of 10000, coo
bushels, and cents in oats.
Lard and hogs were also stronger and the
report that cotton was In condition a shade
lower than last year caused a rise of a SIX
teenth, with sales of $4,000 bales for the
week.
The reports rs to collections are almost
uniformly satisfactory. The crops are NOV
ing fast, prices encouraging farmers, but do
not go forward to consumers rapidly. Dis
tributlon of merchandise in nearly all lines
continues much in excess of last years at ey-
cry point reporting, and at Philadelphia and
Boston the leather and boot and shoe tradesare
exceptionally good; at Boston the wool trade
is much more active, and at Chicago there is
a steady increase over last year in movement
In dry goods, boots and shoes, clothing and
meats.
The great industries are doing well. The
weekly output of iron rises again to III, 776
tons, against 164, 1913, August 1, and ia, O68
a year ago. The bar plates, structural,
sheet and wrought pipe mills are all crowded |
with work with full and occasionally advanc- |
ing prices.
Greater activity in the wooden manufac- |
ture is shown by the rapid rise in sales and |
the speedy passage of the tariff bill is antici-
pated as basis for larger operations. The |
activity in dry goods is everywhere increased, |
while the demand is large and general. The |
coal trade has done nothing to speak of at |
August circular prices and the demand here |
is below expectations
There is every reason to look for a large |
and prosperous business, if the pressure in |
money markets is met, and that pressure |
tends to cure itself by quickly REFRESHING !
speculation.
The business failures occurring through
out the country during the past seven days,
number 1913, as compared with 203 last |
week. For the corresponding week of last
year the figures were 1913.