Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-01-09
WEEKLY BULLETIN.
CONDITION OF TRADE AT THE OPEN
HING OF THE NEW YEAR.

With the Depressing Effects of the Penn
sylvanIa strik. Out. IL tho way he
Outlook Would Re Much Improved-
The Failures.
NEW YORK, Jan. G.-R. g. DUMB Co. Is
weekly review Of trade says: The past
broken week has not been one of great
! activity, and the year opens with some
reaction in most or the markets. The
Reading strike has become more serious
than was expected. The miners' com
~rnittee claim that 30, 900 miners and 49,
600 railroad men are out, and though the
statement is plainly exaggerated as to the
railway hands, the suspension OF mining
appears to be nearly complete in the
Reading, and also In the Lehigh regions.
The stoppage of the supplies Of coal
threatens to close some manufacturing;
works. The iron market is already
SITTER, because OF the possible closing Of
the furnaces. All speculative markets
have experienced some reaction, except
for tin, which is firm at half q cent adj
vance, and lead, which is quoted slightly
lower. A bad break In copper stocks
abroad, with quick reaction, was followed
by q heavy failure and panic at Paris.
Oil mounted to 81 on Wednesday,
broke suddenly to 90 l-2, and has since
risen again. Pork and lard have declined
q little and cotton u sixteenth. Coffee is
demoralized, with no spot quotations,
and q loss of nearly ! cent In options.
Breadstuffs have been weaker, though
corn is still a fraction, above last weeks
prices. Stocks Y not advanced, as
fhnca hnnnA xpbn c,,nr,yoaI Alhk &Sl mn s.
000 distributed In dividends and interest
Jan. /, would. lift prices. An increased
demand for good bonds appears. but the
share market has been weakened by
western wars OF rates, which spread and
grow more bitter, and by the strike OF
the coal miners. The frat week OF the
year opens with fewer failures than were
anticipated, and with q fair businesssfor
the season at all points reporting.
Money is rather close at Kansas City
and some less important points, and the
strike, with the uncertainties, explain
the slightly higher rates at PHILADELPHIA,
while at Boston the smallness of transac-
tions. is unusual; but the money markets
are generally easier and the complaint OF
collections is less frequent.
The dividends declared by the banks
and other financial institutions were gem
orally up TO expectations, but much OF
the money seems to have been anticipated
sn previous Investments.
Next to the iron industry, which hesf-
tates, wooden manufacture seems to have
the most uncertainty. The raw material
has declined about / cent In Decembar,
and from 2 to 8 cents aiacs July, though
coarse WOO yields least, and the largest
decline has been In fine fleece.
The cotton manufacture Is exception
ally prosperous, and prices have advanced.
The window-glaas business prospers at
Its . per cent. advance in prices over last
year.
Foreign trade continues large, exports
showing only 8.3 per cent. decline for Ave
weeks at New York, and imports only 10
per cent. decline in comparison with the
enormous business OF last winter. The
A..s.ss.s lures aTT..s
258 for the United States and % for Can.
ada, against '2s1 for the United States,
and % for Canada last year.