Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1891-09-05
DUN.s WEEKLY REVIEW.
The Movement Of Money TO the West "a
Take Care Of the Crops-Ths Crop
Prospects Good.

Take Care Of the Crops-Ths Crop
Prospects Good.
NEW YORK, Sept. 1-R G. Dun &
Co.'s weekly review OF trade says:
| The speculation In breadstutfs has
broken down. The failure TO export oh
more than about Sl.l0 for wheat has
administered the corrective which this
trade greatly needed. The threatened
withdrawal OF the crop by the farm
ers' alliance amounts TO so little that
the receipts were II, 400, 900 bushels for
the last week reported, against 4.900,-
600 for the corresponding week last
year. while receipts OF other grain
slightly decreased.
Money is moving rapidly TO the in
terror but the treasury has been
strengthening itself, adding $500, 900
to its gold for the week and also taking
in 5000, 900 more treasury notes than il
has put out. BY requiring deposits OF
gold at New York against shipments OF
currency to the country banks, the
treasury has somewhat increased its
gold reserve, but the main fact Is that
its receipts for the past week have ex-
ceeded its payments OF all kinds by about
81, 200 900. The official announcement
that all the At per cent. bonds not Of
fered for extension September /, will
be paid on demand promises large ad-
dition to the available currency after
the first OF next month.
Crop prospects are In all respects ex-
ceedingly bright and the reports OF in
jury by frost do not appear to affect
any considerable portion OF the crop.
There is every reason to suppose that
the yield OF wheat would be larger
than the 544, 600, 900 bushels estimated
by the agricultural department, though
yield no greater would leave 200, 000.-
600 bushels for export. Hog products
are somewhat stronger in sympathy
with corn, but oil Is lower and also cof-
fee. Cotton has advanced threesix-
teenths OF a cent.
The market for iron shows somewhat
larger sales and q better demand,
though new brands OF Virginia iron are
still offered at lowest prices. The de-
mand for rails Is stagnant, the combi-
nation having succeeded in so far main
tanning the price that the buyers are
disposed to wait az long as possible. In
buc LuluOT luCIoLo uO OuohSO ID oOoh ia
prices.
A slight improvement is seen in
leather at Philadelphia, though buyers
are cautious, but lumber is quiet, the
building trade being stagnant, and or
ders for wooden goods are backward.
Trade at Cleveland shows some gains
over last year, and at Cincinnati fair
improvement in groceries, while at
Chicago receipts OF wheat are increased
four fold and OF wool two fold as COM
pared with last year, and increase is
seen in flour and cheese and in sales of
dry goods. clothing and shoes, but
decrease OF one-half in cured meats, a
third in lard and some decrease in but
ter, hides and oats. A heavy increase
Is seen in trade in st. Louis, country
merchants buying literally and trade Is
improved at Kansas City and at Min
neapolis and ST. Paul, harvest prospects
being OF the brightest.
AS much depends upon the balance
of foreign trade, it is highly important
that the imports for July exceed the
exports BY only S3,s0O,0O0 instead OF
S23, 000, 900 last year, and for August
thus far the increase in exports at New
York is 1876 per cent, while in imports
there is q decrease OF IL per cent.
Prices OF all commodities have declined
l.3 per cent. for the past week.