The Irish standard., 1893-07-08
a BE F, B Lin
Business Mem Think the Troubles
Are Nearly Ended.

MORE HOPEFUL.

New York, July L. DUN 4 Co. :.
weekly review of trade says:
''The closing OF the Indian minis against sfl
YER the fall OF silver bullion to 81 cents in New
York ana a214d at London on Thursday the fal
in wheat to 62H cents at Chicago and 70 cents n
New York, the suspension OF operations by thu
miners and smelters of Colorado and some othe1
silver-producing states have made The las
week ole Of unusual interest Up to the pres
ent time domestic trade has not materially
changed since last week, though increasingly
restricted by monetary uncertainties.
Legitimate TRADE HEALTHY.
Throughout the country, while collections
are slow and failures numerous, the condition
OF legitimate business Is regarded as healthy
and hopes are entertained that the worst hat
passed. The hopes are mainly based on the
belief that the silver law win be repealed an6
that the certainty of its repeal will encourage
foreign investments hero. Lower prices q
products also tend to increase. merchandise e1
ports
AT LEADING PoINTs.
Chicago reports better accommoda lions FOL
merchants, and, though business is still some
what restricted, collections are less difficult
The closing of silver mines and smelling works
may lessen orders, but 1t is believed only tempo
yarily The trade with farming regions is ex
pected to improve with better crop prospects
and a larger export demand Provisions are
steady, but wheat Is at the lowest price fol
forty years, though now held by strong parties.
The retail trade Of Chicago has been much en-
larged by the worlds fair. Receipts Of products
are generally smaller than a year ago and q de.
crease appears in clearings and sales OF real
estate and securities !.
AT Milwaukee crop reports are encouraging,
but in iron-mi>ing sections trade is much de-
pressed, collections are slow, and many extern
sions are asked St Paul reports good crop
prospects, collections slow and trade quiet St
Louis notes fairly active wholesale trade, som 9
decrease in collections and money in only mod
crate demand at 6 to per cent Business at
Kansas City is fair but grain receipts very light
Omaha reports active trade in groceries and fair
In dry goods. and at Denver business ia moder-
ate ana collections slow. AT Cincinnati whole
sale trade is larger than year ago. but collec-
lions are slow, money close and banks cautious.
Al Cleveland there is no improvement in iron
or ore, and lake freights are depressed. At De-
troit business is fair but conservative, and mon
ey close
GRAIN AND PROVISIONS ~
"Wheat has reached prices regarded az out
Of the question q month ago, and yet the sup
ply in sight is very large, and returns from the
northwest as to the coming harvest are more
favorable. Corn is lower, with very good crop
prospects, and oats about cents lower. Hog
products have declined 65 cents for pork per
increasing receipts of hogs.
FOREIGN EXCHANGE
1.-THE state OF foreign exchange indicates will
ingness to send money hither fo1 loans or in
vestments, but the Bank of England by chang
ing the rate for gold shows determine ton to re-
sist export to this country. Merchandise Inn
ports continue heavy. while exports thus far in
June fall about a. 0oo, 600 behind the same month
last year.
FAILURES FOR SIX MONTHS.
'sChe business failures for the. last seven
days number 334 For the quarter ending June
so the failures in the United States number
s,199, as against 2l19 for the second quarter
OF 1892. For the six months Of 1893 the
failures number 6,401, against $500 during
the same period in 1892 showing an increase OF
$685. The total liabilities Of all the failures o.
curing in the ttsix monthsIof 1893 are $685.
600, co., while for the same period in 1892 they
were s62, 0OO. 600, showing an increase Of sl06-
COG. O0Q', "a III a HI I'LL