Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-07-23
Weekly Trade Review.
Condition Of Trade as Reported
by Buns Agency.
CROP PROSPECTS ARE GOOD
The Manufacturing outloois Better-c Clear
lngs Show Slight Dccrease-Trans-
portation Business in Bad
shape-Money Abundant
New YonE, july e1-R, q. pun 3

| Co. g weekly review of trade will say:
The crop prospects, which are the basis
of existing hopefulness in business. con-
tinue good. Reports from spring wheat
regions are favorable, especially from St
Paul and Milwaukee, and the increase in
yield promises to compensate for good
part of the injury to winter wheat
Harvesting of winter wheat so far indi-
Gates results fully equal to the latter and
| better foreshadowings of the agricultural
bureau. Kansas reports an excellent
yield, and the state estimate for Michi-
gan is Is, 900, 600 bushels. decrease not
greater than the annual review Indicated
Corn reports from all quarters are en-
couraging, and the yield promises to be
very large. though injury from rain Is
reported in Texas. The same cause
operates to balance the increase in the
acreage of cotton in that state, but the
prospe t in the Mississippi valley is still
fairly satisfactory. On the whole, pros
poets favor a large agricultural yield,
though important crops are not yet be-
yond danger.
The manufacturing outlook is D little
better, though the prevailing spirit is
still one of uncertainty and waiting.
The great strike at Pittsburg has been
practically terminated and the demand
for iron there is better without change
in price, but 1t is not yet clear whether
the cost of the production can be readily
adjusted to the state of the market. The
termination of the strike weakens bar
iron at the east and south. No. / pig is
largely offered at 1900 Rails are un
changed, but official statements show
sales by all mills for the first half of
1888 of 934 9S7 tons, against 907, 35l last
year.
The coal business is more active and
schedule prices are realized.
The copper production for the year is
put at 40, $50, 600 pounds, u gain over last
year of 5000, ,000pounds but the visible
supply abroad now 1000 tons, has in
creased 1900 tons since June. Lead is
weaker
The demand for cotton goods is irreg-
ular.
Wool does not improve and all quail
ties average shade lower than June 10.
The actual trade in progress, though
little smaller than year ago, must be
considered large for the season. Clear
ings at all points still show some de-
crease, but for the last week only Az
per cent. in the aggregate and 2 per
cent. outside of New York compared
with year ago, when transactions wers
FCH lai ~ loI tAc ScdSOu. UEuGTal 1ul-
provement is noted at St. PAUL in manu-
featuring at Pittsburg, since the strike
virtually ended; in real estate at Omaha,
where 81 800 per front foot is paid in cash
for site for immediate improvement,
and in the lumber aud iron business at
Detroit, though -four milling there is de-
pressed. Kansas City business men
complain that discrimination in freights
may take many millions in trade from
that point, but are working for its cor
rection. A strike in the Lake Erie Iron
company at Cleveland is expected to be
settled soon. Business appears dull at
most points, however, congressional un-
certainties affecting many branches of
trade, while in others the natural reac-
ton from exceptional activity is still
felt.
The transportation business Is not in
good shape. Wars in rates have not
ceased, and. controversies about export
rates and Determinations multiply The
reported earnings but slightly exceed
those of a year ago ON the roads which
report earliest and have considerable
increase of mileage, and meanwhile op-
Grating expenses seem to have increased
generally more than the earnings.
Stocks were decidedly strong for some
days, but with large realizing have
| grown dull aiiu weak again. though still
averaging about S1.50 per share above
prices of a week age. Nearly all
branches of business are to some extent
disturbed by the transportation troubles,
| and the negotiation of securities for new
| roads is not rendered easy.
| Money is everywhere in abundant sup
| ply for legitimate business, and yet com
| plants of slow collections grow more
frequent again, especially in regions
about Kansas City, Galveston, st. Paul
and Detroit. The treasury has taken in
| $1,900,000 more than 1t has paid out dur
ing the week, and the expectation of
| $2,000,00J OF gold still remains unex-
| planned, foreign exchanges being below
the shipping point.
Exports of merchandise for two weeks
from New York have been 26 per cent
below last year's-which were excep-
| tionally large-and imports still show q
slight increase. The supply of money is
| SO large, however, that the failure of the
treasury to purchase any bonds of late
! excites no notice.
| Business failures during the last seven
| days number for the United States 214
and for Canada IA, total 22S, as COM
pared with 240last week, and 172 for the
corresponding week last year.
| Misplaced a Switch.
BEIOIT Wis ,Tuly 81 Soma mis-