Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1891-08-01
REVIEW OF BUSINESS.

NEW YORK. July 2S.-R. G. Dun
& Co.'s Weekly Review OF Trade
saws: Some improvement in the
business situation is still noted.
There Is more actual trade In
most OF the leading branches and
more general confidence as to the fu-
ture. But the monetary system does
not grow clearer. A Speculation In
products is springing up which threat
ems to make trouble when the crop
movement becomes large. A distribu-
ticn OF circulars in enormous numbers
from Minneapolis and Washington pro-
fessedly by the Farmers Alliance. ad'
vising all farmers to hold their wheat,
does not yet affect actual receipts, but
stimulates spectators to buy largely IN
expectation of boom, and much money
has already been locked up in carrying
accommodating stocks. With the utmost
freedom in movement OF wheat, recov-
cry from Europe OF the $4,000, 600 OF
old shipped this year would be diff
cult. but with wheat exports checked
for some months, the scarcity OF
money would be felt in all mar
kets and all branches OF industry.
Reports of the condition OF trade are
generally more favorable than week
AGO. At Boston there is further inn
provement. Philadelphia notes i'm
provement in demand for wool. Gro
ceries move better than usual for the
season, but collections are poor. At
Baltimore trade improves in some lines,
but at Pittsburg and Cleveland 1t is
quiet. At Cincinnati the shoe trade is
busy and the demand for leather good,
and at Detroit lumber is firm and char
coal iron selling more FIRE sly. AT the
west crop prospects stimulate every
where. Chicago reports wheat receipts
five times last years, an increase OF 80
TO 20 per cent in dressed beef, hides and
butter. but some decrease in cured
meats and lard. Dry goods sales are a
trihe smaller at present. and trade In
clothing and shoes seasonably dull,
with collections improving, confidence
in the future being general. AT Mil
waukee trade is fairly active; at st.
Paul improving, and at Minneapolis act
i've for lumber and better for flour.
Wheat does not move largely at st.
Louis, though money is going into ILL
nois towns to some extent. Trade i'm
proves at Kansas City, money being In
demand for packers and grain dealers.
At the south little change is noted, and
money generally tight and trade inact-
i've. But crop prospects decidedly I'm,
prove in Alabama, sugar Is active ana
firm at New Orleans, and trade bolds
its own at Savannah.
Speculation in breadstuffs has sudden
ly become active. Sales OF $4,000, 600
bushels OF wheat here have resulted In
an advance of 81 cents per bushel al.
though the moderate official estimate OF
the crop would leave nearly 200,OOO,OOO
bushels in the country for export-a
quantity greater than has ever yet been
taken abroad. Corn has declined 3
cents and oats II cents on small trade,
having been unnaturally high: Fork
products rise again, and speculation is
foreshadowed. Coffee remains I'M
changed, and oil is an eighth higher
while cotton had fallen three-eighths
for spot, with sales OF 10000 bales-an
enormous trade for the season. Pota-
toes and apples are lower, and farm
products are generally getting back to
normal range. The average price Soi
commodities has fallen II per cent dur
ing the week. Tin Is lower at London,
copper in small demand, with lake at
Il2a, and lead unchanged. The reported
Improvement in coal is mythical, for
Tree selling continues by parties not
uarned at the May prices.
The great industries snow improve
ment in wool and leather manufacture,
out no signs of recovery in iron or coal
The depression in iron is serious though
prices are on the whole but little
changed. In the wool trade the larger
sales at eastern cities and continued
large receipts at the west reflect the
Improvement which better demand
!or dry goods naturally causes. Leather
IS awakening and manufacturers are
Having in stocks more literally. The
boot and shoe prospects at the south
and west are excellent and Boston ship
ments again exceed last years.
But the money markets at the west
show increasing demand and ut some
points approaching stringency and col
lections are not on the whole good To-
the season.