The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1894-10-26
NOT UP TO EXPECTATIONS
OUN's WEEKLY REVIEW OF THE
BUSINESS SITUATION.
ESPECIALLY NEW RECORDED
Cotton Below 8 Cents and Wheat Below
66 Cents, Each Lower Than Ever
Before Known, and Export of
Gold Instead of Products
the Salient Features of
the Week.

NEW YORK, Oct. 22.-R. g. Dun &
Co.'s Weekly Review of Trade says:
Cotton below cents and wheat below
SIS cents, each lower than ever since
present classifications were known,
export of gold instead of products are
the salient features in business this
week Distribution of foods to con-
sumers goes on fairly, with gains at
nearly all points in comparison with
last year, but not yet at a rate to sus-
tain the present volume of manu-
featuring production, so that prices
weaken little. The domestic trade
reported by railroad earnings in Octo-
Der is "a per cent less than last year,
1874 per cent less than 1892 The pay
ments through the principal clearing
houses for the third week of DC tober
are 2.5 per cent greater than last
year, but 81. 5 per cent less than in
1892. The daily average for the
month is SO per cent larger than last
year, but 1872 smaller than in 1892.
With many features of encourage
ment, business has not yet reached
expectations and it is evident that the
loss of part of the corn crop and the
unnaturally low prices of other great
staples affect the buying power of
millions.
Wheat for October delivery fell to
5413 cents on Wednesday and in spite
of some recovery the average for
October thus far is 2 cents below the
lowest monthly average ever made,
which was in September, and was
nearly 10 cents below the lowest prior
to this year, the October average be-
ing so cents below that of October,
1891, or 1890. Western receipts are
only 1000, 491 bushels for the week
against 6,O64, 1913 bushels last year,
and Atlantic ports 631, 084 bushels
against 800, 343 bushels last year, but
the controlling fact is that no de-
mand as yet promises to clear away
the enormous surplus. Corn declined
H@1c during the week with receipts
not quarter of last year and ex-
ports not a tenth. Pork products
were small and weaker, with lard
quarter cent lower.
Domestic exports from this city in
two weeks of October were Is per
cent less in value than last year,
while the increase in value of imports
has been 27 per cent. Much of the
decrease in exports is in the price,
but in August and September the
quantity of wheat decreased over a
Gnlrd. PROVISIONS and cotton gained
but oil decreased. and in minor
products exports in September de-
clined 16 per cent. The increase of
imports exclusive of sugar was over
rs per cent in Septem Der, and in two
weeks of October at New York over
43 per cent. With this heavy increase
in purchases, and a decrease in sales
of products abroad, the market for
foreign exchange is in position to be
quickly affected by Withdrawals of
capital or apprehensions regarding
the future peace of Europe. To
the half million dollars exported
Tuesday it is expected that as much
will be added to-day. It appears that
three trust companies have now over
$40, 900, 900 idle money, and that East
ern mill loans are being taken from
New York by English banks, while
the Northwestern demand for money
is unusually small. The treasury is
again falling backward in reserve,
and large imports yield little less
revenue than last year, while internal
revenue for the past three weeks is
81, 600, 900 smaller than a wear ago