The Red Cloud chief., 1891-07-24
THE coUNTRv's TRADE.

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NEW YoRx. July AR G. Dun's
weekly review Of trade says:
business clearly grows somew hat
more sctive. Al eastern cities there 10
noticed more demand for manufactured
goodA with larger sales for materials
In the west trade IL enlivened BY the
large yield Of winter wheat already
harvested and BY the very bright out
look for other crop~ A. the south.
however. though crop sdvices arc favor
able, no Improvement appears In busi-
ness which Is duller than usual and 1t
some points l. pronounced unsstisfsc-
tory.
The general confidence ID strength
ened BY the financial news from Eu-
rope, which indicates that distur bance
Of the money market from that quarter
need n0& now be feared. and by the
change In the foreign trade OF this u
try. which points 70 . material rcduc-
ton Of balances payable abroad in
specie. Imports NJ new York have
sharply declined since July I. amount
ing 70 about -. 500. 0o0. 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
q, s24. 000. or nearly IS 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 . favorable symptom No cor.
responding improvement in the demand
for manufactured products is yet seen
and the stocks unsold at only a part Of
the furnaces arc now recorded -
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 10 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 .
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 o 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, 81 per cent
of it grading No. =. The clothing
and shoe trades show a large in
over last year, though in dry
goods the trade shrinks q 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 Z per cent and
money Is moving o 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 8 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 rs is natural at this season,
the fall during the past week having
averaged nearly ~three-fOurths of I per
cent
The money market has generally
been in fair shape and collections fair
for the season.