Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1891-08-17
BUSINESS IN GENERAL.

Although there II Dul1nsaa In Some
Lines, the Ous.o..k is Exr~ll-as, aud
the Ba,anc~ VI Trade IL Largely N
Our Favor.
R. g Dun & Co.'S Review OF Trade
for th- week ending August g.:
with business in many lines dis
app.int'nRly dull, the to. ling Of co".
6denre nevertheless distinctly in.
rre.s-s. Its basis is that crop pros>
poets grow clearer and brighter, " lille !,
prospects Of foreign demand for
American grain expand with every
week 8 news. Unles. MANY concur.
ing reports, official aud Ut. ffic,sl, are
g'es,ly in .rrur. the ku.sixn crops have
20 tar f>iled that exports from that
country must tie small, while require.
ments of England. t'r~' CO aud G-r>
many must he unusually large. Hence
= v-ry heavy movem mt Of wheat tor
tho 81 ss..n, s-c-ipts IT Western puints
exceeding a million bushels every day.
d~press-s the p'io~ but little. The
belief increas. that the country will
be able &, sell such vast quantities IT
gram abroad. and to draw SO heavily
upon foreign supplies OF capital, that
all home industries will tie greatly
stimulated. Z. ton reports are also
most favorable, IN the who'll, aud corn
is making excellent progress with an
enormous acreage. Mon. tary d,fiioul.
ties are ~till IN the future. for though
1T some Southern po n's markets are
ng. t. supplies at We.t-rn c-n,res are
adequate Tor legitimate business. and
mere sp- culxtiun gets less help than
usual.
")-pression in some great indu. tries
continues and is real, hut may be-
traced to causes obviously not pesma.
nent. Thus the iron manufacture is
much set hack by inability OF railroads
t" make purchases. b-caus- they fail
to n. gotiAte securities. But when
large crops ami profitable business
have placed the comps"irs in q
stronger position, they will be able to
buy freely again.
"Prices Of CON modi,irs are going
d. WI, and fer the first time this yea,
the general level Is lower than a year
ago. h.> ing decl,n-d per cent the
past week. Wheat has fallen three
qua.t.rs of u cent in spite of exports
greatly exc-e ling last wears, aud the
-norn'ous W-.t-rn rec-ipts make
constantly repeated assertions that the
Alliance can hold hack whoa, appear
ridiculous. Western ektimxtes, not
usually extreme, now allow from $50
million bushels upward for the crop,
while even more moderate Eastern
estimates make 200 million bushels
for export. Corn is II cent lover,
pork products u fraction lower, coffee
AZ eighth, and oil cent lower.
"Fina"c,al prospects have not
changed, AID though money on call is
cheap, commercial loans are made
with csnti,n. Large failur have
occurred, tut none threatening fnsn-
ial di-turt anc~. The t ne abroad il
less strained, and the Bank Of France
has gained gold largely. hut pressure
in Europe mus, result If needs for
hresd.,uffs are AS lar. MS is supposed.
Foreign Imports IF mere handise il,
New York il July fall 10 per cent.
below last year, while exports largely
increase. The demani for money to
move crops begins to be felt hy MAJ y
hanks, aud during the week the Ire a.
urv has taken i" from circula ior
1900, 900 more than it has paid out
Foreign exchange has fallen from
81 S6t to $4.S54, and some talk o.
good irl orts is now heard"