The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1893-07-28
BUSINESS REVIEW.
Dun and Bradstreet Give Their Weekly
Review of the Condition of Trade-A
Much Better Condition Than Might Be
Expected.

| Dun and Bradstreet Give Their Weekly
Review of the Condition of Trade-A
Much Better Condition Than Might Be
| Expected.
New YORK, July 22-R. G. Dun &
Co. S weekly review of trade says:
| This week the country has withstood sur
| prisingiy well an extraordinary strain The
| failure OF many banks and firms has come de-
| spite the relaxation In eastern and in some
southern and western money markets. Den
| yer banks were overthrow largely by the crazy
| wisdom of the people but In most cities stlte-
ments show the banks in q healthy condition,
| and there has since been noticed more readi-
| ness to extend accommodation. Under all the
| conditions 1t is astonishing that business has
been SO well maintained with 50 little evidence
of unsoundness
The treasury has been paving gold 70 the
banks but on the whole increasing its holdings.
Exports OF products are u little larger than a
year ago, but imports are also large. The
failures during the week number 457 in the
United States against 16s last year, and p in
Canada against 10 two of the failures Of capi-
tai exceeding SOl00O. and l0l others Of capital
exceeding 5000 each Last week The failures
in the United States numbered 3-i.
Bradstreets weekly review of the
state of trade says:
bird's-eye view OF general trade conditions
throughout the country indicates that the
South Atlantic and Gulf states have suffered
no material change in condition dullness or ex-
ceptionally quiet trade being reported from all
points with slight exceptions, the improvement,
being noted at Memphis, New Orleans and Mo
bile The Pacific coast reports no further
financial or commercial disturbance, and with
excellent crop prospects. freer exports OF wheat
and more LIBERAL loans by the banks 70
producers Of wheat particularly in California.
Prospects there are elatively brighter East
however, while there is a tendency to greater
ease in money as at Boston, Baltimore, New
York and Pittsburgh that tendency does not
include larger or extended loans. At Phiiade-
phia there is relatively less ease in financial
circles Some large manufacturing industries
at the east are beginning to acknowledge the
effect Of the continued depression. One or more
large woolen manufactures have closed tempo
rarily, in addition TO several cotton factories
earlier in the week The encouraging feature
in iron is a continued reduction of stocks but
quoted iron prices in most instances are nomi-
nal The advance in prices of anthracite Is fol-
lowed by q slower movement, while in most
lines of staples quotations have been forced
lower. There is q disposition west also to cur
tail the output of manufactured products and
runs on Kansas City and Denver banks. now
ended. created for O time a renewal of excep-
sional G caution on the part of Enk' at many
banks and mercantile institutions will pay in
full and resume business, inability TO borrow
on or sell ample collaterals alone being the
cause OF Denver banks closing their doors
Bank cleerings this week naturally show de-
crease, the falling of being not less than 7.5 per
cent. as compared with year ago, and small
decrease as compared with the preceding week.
The financial position at New York has been
10 some extent unfavorably affected by the de-
mands for money at St Louis and Denver
Nearby manufacturing centers are also calling
for currency to meet paw rolls, and il is be-
lieved that the result will be a loss il cash
holdings 10 an undetermined amount Few
changes have been made in the outstanding
clearing house loan certificates, which
are now nearly s23.OoocOO. The money
market is affected by the break in stock
values. cali loans being at per cent or less,
while time loans and commercial discounts are
exceedingly restricted by hi-h rates. For
eign exchange is somewhat firmer on dimin-
ished foreign stock purchases About $1,000
coo gold came in from Europe and the West
Indies, and some s2l0G)J is in transit from
London Silver is weaker on threatened ad-
verse action bv some nations OF the Latin un-
ion The number of failures for this week is
the largest ever reported for a like periol I.