Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1891-07-30
REVIEW OF n1rsrNEss.

New YORK. July 2S.-R. G, Dun
& Co.'S Weekly Review of Trade
says; 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-
tion Of circulars in enormous numbers
from Minneapolis and Washington pro-
fessedly by the Farmers Alliance, ad
visng all farmers to hold their wheat,
does not yet affect actual receipts but
stimulates speculators 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 $40, 900, 900 of
gold 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 a week
ago. AT Boston there is further inn
provement. Philadelphia notes inn
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 it 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
trifie 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, aud at Minneapolis act
i've for lumber and better for -four
Wheat does not move largely at ST.
Louis, though money is going into Illi-
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 inn
prove in Alabama, sugar is active and
firm at New Orleans, and trade holds
its own at Savannah.
Speculation In breadstuffs has sudden |
ly become active. Sales OF 5000, 900 |
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, ,000, 600 |
bushels In the country for export-a |
quantity greater than has ever yet been /
taken abroad Corn has declined 3 |
cents and oats 4 cents on small trade, |
having been unnaturally high. Pork |
products rise again, and a speculation is
Coffee remains un.
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 OF
has fallen / per cent dur
Ing the week. Tin is lower at London,
copper in small demand, with lake at
l2f, and lead unchanged. The reported
Improvement in coal is mythical, for
.ree selling continues by parties not
named at the May prices.
The great industries snow improve
nent in wool and leather manufacture,
lut 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
arge receipts at the west reflect the
which a better demand
or dry goods naturally causes. Leather
IS awakening and manufacturers are
aging in stocks more literally. The
boot and shoe prospects at the south
and west are excellent and Boston ship
nents again exceed last years.
But the money markets at the west
show increasing demand and at some
points approaching stringency and col
ections are not on the whole good for
he season.