The advocate and Topeka tribune., 1893-07-19
OUR PROSPERITY COLUMN.

IHl1uE6S hS W6 bGhrbSu Oub 10 uO bOm0
weeks ago. The record has become
80 voluminous as to require more
space than we can give it.
Among the heavy failures of the
past week are two Kansas City banks
with liabilities of about $1,0OO,OOO
each. One of these was a savings
bank where the scanty savings of the
laboring men and women were de-
posted, and the misery and hardship
that will result to these people can
only be imagined. It will never be
known to the public. This bank con-
tinued to receive deposits up to the
day of It's failure, knowing all the
time that it would close its doors
within a few days. 1t also provided,
from these deposits, for the settle
ment of it's balances with eastern
bankers as preferred creditors.
Dun's weekly review of July IA,
among other things, says:
There is a somewhat better tone in bust
ness, because the money markets are a lit
Gle lees stringent, but it cannot be said as
yet that there is any distinct improvement.
In every direction unusual conservatism
prevails, orders are relatively small, the
business is restricted and waiting policy
rules. improvement in Boston is slow, ow-
ing to the extreme rates for money.
Chicago reports unusual caution among
bankers, though it is believed the worst is
over, and there is fair trade in merchandise,
though collections are slow. improvement
is expected from resumption of business
in the iron and silver regions, and the build
ing trade shows signs Of revival, with ma
terisl 20 per cent. cheaper than last year.
=
In the shoe trade, shipments again fall
much behind last years, and orders are
sOanty. The reduction in prices in many
wooden goods has not brought out large
orders, and it is believed most of the men
will be employed on part time the rest of
the year.
Sales of wool are not quite two thirds of
last years, with prices favoring buyers.
Exports of products are light for two
weeks at New York, being only $13,812, $40,
against SIS, ,979,759 last year. In June, ex-
ports of bresdstuffs, provisions, cotton, oil
and cattle amounted to $99, 961 in value,
against $40. .792, 200 for the same month last
year, with a noteworthy decrease in guam
titles Of most products, though in wheat and
oil the loss on value was due TO the fall in
prices. Speculative markets have not been
active during the past week, though wheat
is II higher, corn % higher, and cotton 7S
higher. With small transactions prices have
rendered upward as the monetary stringenCy
has relaxed.
The failures during the past week have
not diminished in number, being 374 in the
United States against 168 last year for She
same week.
NRw YORK, July 14.-Reports to Brad
streets By clearing houses for the week
ended July 13, show total clesrings in the
principal cities of the United States Of
81, ,O00, ,S91, 900, being decrease Of 1875 per
cent. compared with the olearings of the |
same week last year. The clearings at Kan
sas City were $S,9S3, 900, decrease of 12.7
per cent; st Joseph, $1,S56, 900, an increase
of 3 per cent Wichita, $5O1, 900, a decrease
of 2S.6 per cent; Topeka, $319,9OO, de-
crease of 9.S per cent; Emporia, $59, 200;
Hutchinson, $70,100.
A New York dispatch of July Ii,