Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1891-08-13
Dun,a WeekIv Revlew.

NEW YoRK. August 1O.-R. q. Dun Il Co.'s
weekly review of trade says:
While business in many lines is disap-
pointing, a feeling of confidence distinctly
increases. The belief increases that the
country will be able to sell such vast quaint
ties of gram abroad and to draw upon for
eign supplies of capital that all home indus
tries will be greatly stimulated.
Monetary difficulties are still in the future,
for though at some southern points the mar
kets are tight, the supplies at western CEN
ters are adequate for legitimate business,
and mere speculation gets less help than
usual.
Tho depression in some of the great indus
tries continues and is real. but may be traced
to causes obviously not permanent.
The wool manufacture is distinctly improv-
ing. In mems wear goods there is more en-
cOuragement, and many western buyers here
have received from home advices that the
goods are selling more freely.
In dress goods far commission business
Is seen, domestic products Largely taking the
place of foreign.
Reports from several cities reflect growing
confidence in the future. At Boston, trade
in merchandise increases and is very good
for boots and shoes; western and southern
reports are quite favorable, with active trade
IN wool and better in goods.
A close money market causes some embar-
rassment.
At Philadelphia, in most trades there is
much complaint of slow collections; at Pitts
burg manufactured iron is fairly active and
the glass trade is good, but collections are
slow; Chicago feels the effect of the great
crops distinctly, wheat receipts being seven
fold of last years: rye, five-fold: barley, two
IN nrrrh, la. and in af.rn naF
hides and butter some increase is had.
Sales of clothing and shoes are larger than
ever before at this season, and in all lines
collections are satisfactory.
AT other western points the crop prospects
are almost everywhere mentioned as unsur-
passed, and at st. LOUIS the demand for
money for the interior grows more prosy,
and commercial borrowers are held closely
to their needs. At Minneapolis and st. Paul,
Omaha and Kansas City, trade Is generally
good, while at Memphis and Savannah re-
ports of trade are less favorable and at Jack
sOnville business is dull.
Unfavorabie weather strengthened cotton
at New Orleans and the demand for sugar is
good.
" heat has fallen % of a cent in spite of
exports greatly exceeding last years, and the
enormous western receipts makes the con-
stantly repeated assertions that the alliance
could hold back the wheat appear ridiculous
Western estimates, not usually extreme, now
allow from 6So, COOK bushels upward for
the crop, while even more moderate eastern
estimates make 200, 100000 bushels for ex-
port.
Corn is IL cents lower; pork products a
fraction lower; coffee = of cent lower.
Financial prospects have changed, and
though money on call is cheap, commercial
loans are made with caution. Large failures
have occurred, but none threaten financial
disturbance. The tone abroad is less strained
and the Bank of France gained gold largely.
but pressure In Europe must result If the
needs for breadstuis are as large as is sup
posed.
Imports of merchandise in New York in
July are fully IS per cent. below last year,
while the exports are largely increased.
The demand for money to move crops be-
gins to be felt by many banks.
The business failures occurring throughout
the country during the past week num-
Der 23l, as compared with a total OF 247
last week. For the corresponding week of
last year they were 2O8.