The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1891-07-22
THE counTRv's TRADE.

THE C0UNTRY'S TRADE.
Trade Decidedly Moro Active and Business
Prospects Brighter-Noney Market In
aging.
NEW YORK, July 1S-R G. Dun's
weekly review of trade says:
Business clearly grows somewhat
more active. At eastern cities there Is
noticed more demand for manufactured
goods, with larger sales for materials
In the west trade is enlivened by the
large yield of winter wheat already
harvested and by the very bright out
look for other crops At the south.
however. though crop advices are favor
able, no improvement appears in busi-
ness, which is duller than usual and at
some points is pronounced unsatisfsc-
tory.
The general confidence is strength.
ened by the financial news from Eu.
rope, which indicates that disturbance
of the money market from that quarter
need not now be feared, and by the
change in the foreign trade of this coun-
try, which points to q material reduc-
ton of balances payable abroad in
specie. Imports at new York have
sharply declined since July l, amount
ing to about 81, 500, 900, or Is per cent
less than for the same week last
year. On the other hand, exports of
domestic products at this point show
an increase thus far this month of
s., 1924, 900. or nearly 50 per cent. in
comparison with the same week last
year.
There is an increase in the production
of pig iron almost to the unprecedented
figures of last year. The sudden in
crease in production is not in all re-
spects a favorable symptom No cor
responding improvement in the demand
for manufactured products is yet seen
and the stocks unsold at only part of
the furnaces are now recorded as
amounting to about $50, 600 tons, show
ing a very large increase, particularly
in coke iron Unless demand rapidly
improves the market must soon weaken
so far as to test severely the ability of
some of the concerns to continue pro-
duction.
Reports from other cities are gener-
ally hopeful Some improvement in
the demand for goods is seen at Boston.
Prospects are considered brighter at
Philadelphia In spite of the usual
dizziness of the season, an improving
tendency is seen at Buffalo. and lake
shipping revives at Cleveland with q
larger demand than a year ago. Orders
for clothing are good at Cincinnati and
the retail in dry goods is brisk. At De-
troit manufactures move very fairly
and at Milwaukee trade is helped by
improving crop prospects Receipts of
wheat, dressed beef, wool and hides at
Chicago show a great increase and new
wheat comes in literally, IS per cent
of it grading No. 2. The clothing
and shoe trades show large in
crease over last year, though In dry
goods the trade shrinks a little. At St
Paul trade is backward, but prospects
are good and for Minnesota especially
bright Bank clearings at St Louis
exceed last years by per cent and
money is moving out to move crops
with freedom, while the general trade
in all lines is of fair volume.
The collapse in wheat speculation has
come with fall of cents during the
week, but corn is scarce and 81 cents
higher, while oats have declined about
1 cent Pork and hog products are
higher; coffee has risen a quarter and
oil the same, but cotton is unchanged
and the general course of price has been
downward as is natural at this season,
the fall during the past week having
averaged nearly three-fourths of per
cent
The money market has generally
been in fair shape and collections fair
for the season.