Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1893-07-27
BUSINESS REVIEW.

Dun and Bradstreet Give Their Weekly
Review of the Condition of Trade-A
Much Better Condition Than Might BE
Expected.
NEW YORK. July 2a.-R. G. Dun &
Co. s weekly review of trade saws:
This week the country has withstood sur.
pr1singiy well 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 overthroSn largely by the crazy
wisdom of the people, but in most cities state
ments show the banks in healthy condition.
and there has since been noticed more readi-
ness to extend accommodation Under all the
conditions it Is astonishing that business has
been so well maintained VII so little evidence
of unSoundnesS.
The treasury has been paying gold to the
banks, but on the whole increasing its holdings
Exports Of products are a little larger than o
year ago, but imports also large The
failures during the week number 457 in the
United States against 16S last year, and . in
Canada against 10 two of the failures of capt.
tai exceeding $500 600. and I0l others Of capital
exceeding 5000 each Last week the failures
in the United States numbered S.4
Bradstreet's weekly review of the
state of trade saws:
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. dizziness 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 further
financial commercial distur bance, and with
excellent crop prospects. freer exports of wheat
and liberal loans by the banks to
producers of wheat particularly in California.
Prospects there are relatively brighter. East,
however, while there is q tendency to greater
ease in money as at Boston. Baltimore, New
York and Pittsburgh that tendency does mot
include larger or extended loans. At Phiiadel-
il 10 IQlS in 61a i-l1
circles Some large manufacturing industries
at the east are beginning to acknowledge the
effect OF the continued depression. One or more
large wooden manufactures have closed tempo
rarfly, 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 noni-
nal The advance in prices of anthracite is fol-
lowed by slower movement. while in most
lines OF staples quotations have been forced
lower. There is O disposition west also TO cur
tail the output of manufactured products and
runs on Kansas City and Denver banks. now
ended created for time q renewal of excep-
tional caution on the part OF banks at many
western centerS.
A large proportion of the suspended Colorado
banks and mercantile institutions will pay in
full and resume business, ina bility to borrow
on or sell ample collaterals alone being the
cause of Denver banks closing their doors
Bank clearings This week naturally show de-
crease the falling of being not less than 1.5 per
cent. compared with year ago, and small
decrease as compared with the preceding week.
The financial position at New York has been
to some extent unfavorably affected by the de-
mandS for money at St Louis and Denver.
Nearby manufacturing centers also calling
for currency to meet paw rolls and it is be-
Heved that the result will be a loss in cash
holdings to undetermined amount Few
changes have been made in the outstanding
clearing house loan certificates, which
nearly S23. 000,0J0 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 high rates. For
eign exchange is somewhat firTner on dinin-
ished foreign stock purchases About 100.
coo gold came in from Europe and the West
Indies, and some 500. 900 is in transit from
London Silver is weaker on threatened ad.
verse action by some nations of the Latin IN
ion The number OF failures for this week Is
the largest ever renorted for a like nerio1