Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1891-08-08
WEEKLY rnADs REVIEW.
Business Continues Dragging. but che
Fall outlook 70 Fine.

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Fall outlook 10 Fine.
New YORK, Aug. Ar. G. Dun &
Co.'S weekly review Of trade says:
Business continues dragging and dull.
In commercial circles there seems to DO
very general and growing confidence
that the business OF the fall will be
large and profitable, and some i'm
pr0vement is seen, but not enaugh as
yet to justify sanguine views. Trade
ct the south is peculiarly depressed be-
cause there is too much cotton. Again,
In parts OF the west where crops failed
last year trade has not yet recovered
from the depression resulting, and as
long as the corn crop Is In doubt, com
plete recovery is not expected. In sew
eral states legislation hostile to capital
causes much disturbance. Further.
the collapse OF real estate speculation
In many parts OF the west and south has
brought severe losses and embarrass-
ment To many.
At tho east monetary uncertainties
have powerful influence European
difficulties do not pass as quickly o.
fully as was expected, and now serious
financial trouble is apprehended in
Russia because OF failure OF crops which
will only help this country in the end.
There is growing doubt whether the
movement OF crops here will not cause
q temporary drain greater than eastern
money markets can meet; but II the
grain can be sold the gold will come.
One large financial institution has
bought English consols to consider
able amount and leading trust COM
pany is said to have $1,000, 900 OF its
deposits in gold. Though no gold has
been exported the outgo OF currency to
the west and south Is felt here and at
Boston. Money Is close at Buffalo and
Cleveland, in active demand at Chicago,
Cincinnati and Detroit, firmer at I and
per cent at st. Louis, in good supply
for legitimate business at Milwaukee,
close at Omaha, Nashville and Atlanta,
light at Jacksonville, but easier at Sa-
vannah and in fair supply at New Or
leans.
Business at Boston has further i'm
proved. Hides are dull and dom este
lower at the west. Philadelphia notes
more frequent orders for wool and WOOL
lens and Improvement In the tobacco
trade, and while money Is freely loaned
on call time, loans are almost impos-
sible to make. At Hartford and Buffalo
trade is quiet, but the demand for lum-
Der improves; Pittsburg business is I'm.
changed and rather slow; at Cleveland
fairly good for the season and at Cinci-
natl somewhat active, Chicago reports
receipts of wheat seven times last years.
OF rye, cured meats, lard and wool
MS nf haA n
third larger with some increase in
cheese and butter. Dry goods sales are
slightly larger and good orders are
seen for clothing and shoes. At Omaha
trade is fair, and at Milwaukee satisfac-
tory and increasing activity is noted. |
Throughout the northwest the prospect
OF crops is exceedingly good, but at
Kansas City wet weather interferes
with harvesting. The distribution OF
goods Is on large scale at st. Louis,
and at southern points business is dull
or only fair though curiously improved |
at one or two localities because of injury
to cotton by heavy rains.
The great industries show no impor-
tant change for the week, though it
must be said that disbursement in the
WOODEN goods trade seems to increase.
and it is admitted that sales are not
equal to last years. though the trade was
dragging then. Much of the trouble Is |
attributed to excessive credits in the
clothing trade. In boots and shoes
there is continued Improvement, and
Boston shipments since July End have
largely exceeded those OF the same
weeks last year. The coal trade is still
depressed by excessive production the
output exceeding last year to date by
ZOO 900 tons. Copper is still de-
pressed by tho apathy OF home con-
sumption, and there is very lit
tie trade in lead, while specula-
ton has lifted and again depressed
the price OF tin. Philadelphia describes
the iron market as frightfully dull and
sales to realize are made at prices con-
giderably below the quotations. Struct-
ural mills are we'll supplied for the
present and bar iron is steady. but
plates are irregular: buyers refrain
from taking rails and the lower grades
Of pig-irOn are offered here below quo
tations. The market for breadstuffs
has been strengthened by reports of in
jury to the crop in Russia, and wheat
has risen II cents and corn | cent, while
no change appears in cotton. The
price OF oil has fallen over cents for
the week, but pork products are shade
stronger. The business failures occur
ring throughout the country during
the last seven days number 247 as COM
pared with total of 254 last week.
For the corresponding week OF last year
the figures were 189.
VIII Take the Risk.