The Republican. [volume] (Oakland, Md.) 1877-current, 1885-09-05
State of Trade.

W." 1'iNN' August a. Br0l- |
streets in its commercial summary
says:
While the general trade situation
as reported this week in special tele-
grams to Brddstreet'S continues to be
favorable, there is less to be said of
the indication, as to permanence in
the increased activity shown. mad.
dition to what has been said of the
Improvement in textile lines, the de-
mand for pig iron at Philadelphia,
and generally West of the Aleghe-
MES, except at Cleveland, has shown
some gain. In the East this is not
the case, and while there NAV have
been some improvement in the in
quiry, there is none in price or de.
mand. Dealers in Eastern markets
are inclined that, unless the c0mpet-
ing Southern furnaces are cut off by
finding ample markets nearer home
or 10y higher freight rates, Eastern
pig irons are not likely to advance
much in the near future. Steel rails
are stronger, but not so much higher
as irresponsible reports have men
toned. The mill owners have ayow.
ed their intention of putting rails up
to $50 per ton. ~
Notwithstanding the continued
strength in the Eastern dry goods
market and the upward tendency of
prices some manufacturers eOntinUe
to curtail production. There are
Others making preparations to en-
large their output. The strength
of prices in leading lines continues.
In grocery staples sugar has shown
an improvement, but Tea and coffee
are still behind last y ear. Dairy
products are improved and higher
| Wheat has been somewhat stronger
at times since the severe depression
of the two preceding weeks. The
small advance made has served to
check exports and stop business sutti-
cient to indicate that, however short
the crop may he, foreign consumers
are not yet ready to assist in a mate
rial advance. In North Minnesota
and Dakota it is believed that two
thirds crop will be harvested. Spring
wheat farmers are better able to hold
their grain this year than last, and
in view of the short crop it is eXpec-
ted that they will market no more
than compelled to.
The demand for money at Chicago,
st. Louis and at San Francisco is
light. considerably less than a radi-
cal increase in the demand for mer-
chandise would warrant.
| Boston, August 20.-The Adver-
tiser in its weekly review of the wool
market says !: The firm tone which
has been manifested for the past few
weeks continues, and wool is still
selling freely at full prices. During
the past seven weeks the sales foot
up about 29,500,000 pounds, against
/ 22,500,0 900 pounds for the same time
last year, and q 300, 900 pounds fol
the same period in 1888. The con
tinued demand for wool by manufac.
turers is rather more than has beer
expected, as it was supposed that
most of the mills would be filled W
after their heavy buying; but they
are still in the market, and dealers
find no difficulty to sell their wool a;
fast as they can open it. The demand
for wooden goods continues brisk anC
manufacturers are taking orders free
~ at last years prices, while raw
wool is fully 1c, if not more, less thar
a year ago, which leaves them a fail
chance for profit, and they are tax
ing full advantage of it, as the large
sales of wool prove.