Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1891-08-29

NV YoRx, August ar. @. Dun 4 Cob
weekly review of trade say.
During the past week attention has been
absorbed by the great excitement in grain.
The Russian orders, prohibiting exports Of
rye, were taken as official confirmation OF
the worst reports regarding the harvest OF
that country.
The price of wheat here suddenly advanced
90 far a. to stop exports and then rapidly 10
coded, closing at $1.14A, or % cents above
last weeks quotations. There 10 little room
to doubt that the foreign demand viii be
greater than ever, if prices here are not %
advanced as to check 1t. It is in the highest
degree important that the golden opportunity
should not be lost through such . rise in
prices As would curtail tho foreign consump-
ton.
The general business of the country does
well, with q gradual improvement in nearly
all branches, based on the actual increase of
demand from the farming states. Il may b
doubted whether there ever has been Q more
Ut time when the prospect of . largo trade
was bright, and in scarcely any branch is
there seen disposition to venture upon
large speculative purchases. The stock of
goods carried over has been large for years,
and dealers are admonished BY failures, and
there 10 20 general Q disposition to purchase
only what it is certain consumers will require,
that many trades appear hesitatins and al
most dull, yet the volume of business IL
probably a. large a. ever before at mid
summer.
Collections arc not generally good. 1t 10
well, also, that IN other speculative markets,
except in grain, there 10 little excitement:
While corn advanced 81 cents, oats declined
cents and coffee Is cents per 100 pounds.
and petroleum cents, while pork also fell
50 cents per barrel, with lard shade stronger.
While iron Is pouring out of furnaces ct
the rate of 169, 576 tons up to August l,
against 164, 1913 tons last year, prices do NO.
fall for pig or the unfinished product, nor do
stocks appear to increase. Tho production
of domestic iron alone is at the rate of 312
pounds for every inhabitant of the country,
far in excess of the consumption of all iron
in domestic or foreign trade until last year.
other IRON than rails must be unprecedented.
At Chicago the receipts Of wheat exceed
last years fourfold, and of rye nlnefold.
with an increase of about 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 Minneapolis an ex-
and similar reports come from other north
west points.
At the south business is dull and collec-
tions somewhat slow.
The money market continued undisturbeo,
Notwithstanding the largo movement to the
interior for gram, and apprehensions of the
future do not embarrass legitimate business,
but put wholesome check upon the specu-
lative excitement.
The treasury put out 81, 700. 900 more than
it has taken in during the week, and the fail
ure to obtain extension for large part of
the ~ per cent. bonds seems likely to obliRe
the treasury to disburse large sums for the
bonds September 1.
Money is in brisk demand at northwestern
points, but easy for Legitimate business at
Chicago.
Business failures the past week number
ZIG, as compared with 227 last week. For the
week last year were 1872.