Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-01-20
asi1n Stress and 9akataiaa
WEEKLY TRADE REVIEW.

WEEKLY TRADE REVIEW.
SUMMARY OF THE PAST AND PREDlc-
TONS OF THE FUTURE.
DulI Speculative Markets Not q Bad
synptom for Legitimate ~Trade-In.
dustrIes Disturbed by striRss and leg
isIatiya Uncertainties.
NEW YORK, Jan. 14e-R. G. Dun 81
Co.'s weekly review will say: With
perhaps a little more than the usual dull
ness for the first half of January, bust
ness still progresses without monetary
pressure, or unusual embarrassment from
the failure Of collections in any part Of
the country. While failures at soma
points are numerous, the aggregate is less
than for the corresponding week last
year, and complaints of collections are
much less frequent than q month ago.
Within thirty or sixty days payments on
large fall purchases will be required, and
failures would not be surprising, for the
~shrinkage In business toward to the end of
last year indicated that there had been over
confident buying in some departments.
But the new year opens with less en-
barrassment from that or other causes
h was reasonably apprehended. Spec
ulatiye markets are generally dull, which
is not a bad symptom for legitimate
trade.
The industries are somewhat disturbed
by strikes and by legislative or busin ess
!, ~ - ftaa Nd MI RI .r.,A d $50 III
grows more effective, and outside of
an end, but the actual output of coal for
the first week Of January, was 5.3 per
CEN. larger than for the same
week last year. The shortness of
supply and high prices disturb
manufactures..at Philadelphia and many
other points, and 1t may prove unfor-
tunate for the northern iron producers
that they are just now led by the tenn
porary stoppage of some furnaces to hold
prices firmly, when southern makers are
effecting contracts at $50 for No. !, and
$16 for mill iron. In rails there is no
change; sales OF bar at 81. 90 at phiIade;-
phta, show weaknesses, while the nail
market Is SITTER at S2.06. The furnaces
in blast January l wers,in capacity 1913
o below the record of December /, a
larger decrease than was expected, but
the Increase in comparison with
Jan. !. 1887, is about 14,0Oe
tons weekly, and the output. last
year is reported by the Iron
Age at 6,483, S51 tons, a gain over 1885 of
10 per cent. The association reports that
2,049, 885 tons OF steel rails were made, q
gain. ofi31 per cent. over 1886. The I'M
usual prosperity OF the cotton manufact-
llre, with fair prices and q wsll-sustained
demand, has led to demands for higher
wages for spinners, which threatens to
end in q serious strike. AT present the
effect Is to hasten purchases and stlffen
prices. The wo6len business shows no
definite Improvement, but 1t Is eneourag-
ing TO fEd that, though last years work
WAS most, unsatisfactory, the production
is estimated at some of the chief centers
t only 10 per cent, less than in 1885, with
a decline of 10 to is per cent. during the
year in average prices. Other industries
are progressing satisfactorily, and In lead,
the production Of 100, 600 tons and in cop
per 49,, 500. 600 pounds Surpasses all pre-
yious records. Reports fram. the 4: sssss. :.ss.
present fewer features of In.
terest than usual, trade be-
ing everywhere quiet or dull, as is usual
at this season, money being everywhere
easier, with some tendency to stringency
at st. Paul, and collections being at ali
points satisfactory on the whole. At
Philadelphia, on account Of the strikes in
the coal regions, there is some feeling OF
disturbance, and there aid at other points
apprehension OF congressional action af-
fects som calculations, though most
persons ere confidsnt2 that no really
harmful legislation will result, Ex-
ports in December will probably show
more decease than has been anticipRted
In comparison with the same month In
1885, for the decline of cotton was 1g9,-
600, 600 pounds, or $40, III, a27; oil ex-
ports We're $780, zoe gallons larger, but
prices being lower, the increase In yalue
was only $3SS, 821. At New York, Che
exports for the week show a decrease al
2 per cent. The figures indicate that the
return OF foreign capital from this coun-
Lry mas Been considerable daring the past
six weaks, and although prices In the
BLOCK market do not dscline, the move
ments indicate tina foreign investments
are not Just now increasing. Breadstuffs
have declined q ~tttle-corn ! cent, and
pork and lard are also a little lower.
Coffee is lower, with speculative reaction.
q cotton with sales of 669, 900 bales; oil
has risen 2 IA cents. Dairy products
are higher and potatoes were heavy i'm.
portatfons and are also higher. The
treasury has increased It's deposits 81
400, 600, and thus has avoided any In
crease in cash on hand. Business fail.
ures during the last seven days number
Tor the United STATED 258, Canada 80,
total 2S8, against 279 last week and 823
LOT the corresponding week OF 1887.