Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1891-08-29
GUMS WEEKLY REVIEW.
Trade Generally Is Slowly I'm
proving.
While the Outlook Is Very Promising Yet
Business 10 Moving Very Cautious.
iy, and There is Little specu-
latlon.
New YORK. Aug. pr. G. Dun &
Co.'s weekly review OF trade, says:

New YORK. Aug. Pr G. Dun q
Co.'s weekly review OF trade, says:
During the past week attention has
been absorbed by the great excitement
in grain. Russian orders prohibiting
exports OF rye were taken as official
confirmation OF the worst reports re-
garding the harvest in that country.
The price here was suddenly advanced
so far as to stop exports and then
rapidly receded, closing at $1.l4I, or 81
cents above last weeks quotation.
There is little room TO doubt that
foreign d, mahd will be greater than
ever II prices here are not so advanced
as to check it.
The general business OF the country
does well. with general improvement in
nearly all branches, based on actua
increase of demand from farming states.
II may be doubted whether there has
ever been u more cautious and conserv-
alive feeling prevalent at any time
when tho prospect OF large trade was
bright. and in scarcely any branch is
there seen disposition to venture up
ON large speculative purchases. Stocks
of goods carried over have been large
for years and dealers are admonished
by failures, and there is so general dis
position to purchase only what it is GER
tain consumers will require that many
trades appear hesitating and almost
dull. Yet the volume OF business is
probably as large as ever before at mid
summer.
1t isa surprising fact that the great
iron industry does not yet meet the set
back which the enormous production
threatens Though: the movement of
rails is unusually small, while rails are
pouring out OF the furnaces at the rate
of 1885, tons against 1854, 1888 tons last
year, prices do not fail for pig or finish
ed products nordo stocks appear to in
crease. The production OF domestic |
iron alone is at the rate of 3l2 pounds |
Tor every inhabitant OF the country, far
in excess OF consumption OF all iron, do
nestle and foreign.
The market for wool continues more
active. Boston sales reaching 4, Dos, 900 |
pounds for the week. and the shipments |
very large from Chicago, though the
trade here is quiet for domestic, but
netter lOf foreign WOOL.
At Boston business is not very active,
but the outlook is held encouraging. !
At Philadelphia complaints OF collec-
tions continue and the grocery trade is
dull. while no change appears in paints,
oils aid glass, but for iron there is
more inquiry. At Cleveland no change
appears and money is in strong demand,
and at Cincinnati manufacturers are
quite busy. while at Detroit busi-
ness is good for the season. AT Chicago |
dry goods sales fall short for the week,
though larger than last year, for the
year thus far, and sales Of clothing and
shoes are large, while receipts OF
wheat exceeds last wears four fold,
and OF rye nine fold, with an increase
of about Il third in dressed beef, lard,
hides and wool. At st. Louis largely
increased orders are seen in nearly all
lines and at Kansas City trade grows
more active. At st. Paul and Minneap-
oils an excellent harvest makes trade
good and similar reports come
from other northwestern points.
The stock market has decidedly inn
proved in tone but there is NO sign OF
speculative madness and while prices
are higher, sales are not large. The
money market has continued undisturb-
ed, Notwithstanding large movement
to the interior for grain and apprehen-
tensions OF the future do not embarrass
legitimate business, but put whole
some check upon speculative excite
ment. The treasury has put out
81, 700, 900 more than 1t has taken In
during the week, and the failure to OBJ
tain extension for large part OF the At
per cent. bonds seems likely to Oblige
the treasury to disburse large sums for
the remaining bonds September l.
Money is in brisk demand at north
western points, but easy for legitimate
business at Chicago.