Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-08-06
Weekly Trade Review.
CONDITION OF THE COUNTRY OUT.
LINED By DUN G. CO.
COLLECTIONS COME SHOW.
The Iron and Wool Trade has Decreased,
but Groceries, Lumber and Farm Prod
ucts Generally Show a Larger Buci-
ness and Ietter Yalaes.
NV YoRE. Anc. ar. G. DIN g

NEW YORK, Aug. 4.-R. G. Dun G.
Co.'S weekly review of trade will say:
Business is a little better in the aggre-
gate and the volume is now fully
equal to that OF last year at this date,
though smaller in some important
branches. The iron and wooden trades
have materially decreased, but business
in groceries, lumber and farm products
generally is large, and confidence in an
improvement at no distant day
grows stronger. This confidence has
u substantial basis in the crop
prospects, which grow more satisfactory
each week, and in the belief that changes of
tariff affecting important industries will,
by congress disagreement, be referred to
a vote of the people. Trade has i'm.
proved at Philadelphia, Baltimore, Cleve-
land, Detroit, ST. Paul, Nashville and
Galveston, and is excellent at Omaha.
AT some points the lateness of the sea-
son retards the revival of activity, and at
many the recently prevailing dullness.is
still unbroken, but the general result
is a %perceptible increase of activity.
At Detroit and st. Paul the
lumber trade is especially mentioned as
excellent, and at Pittsburg and Nash
vile larger transactions and better prices
in iron have been noticed, with improve
ment also in charcoal iron at Detroit.
Wool dealings are smaller than usual,
farmers hoping for better prices here
after, and dry goods are not especially
active, the demand for woolens being
slack ever at low prices, and for cottons
rather irregular for the season. The
coal trade has been large in July, but
seems to slacken. More activity
r. ,ann b. - ~. co.. l.I -
declined half a cent, and in raw sugar:
but refined is easier, production having
overtaken consumption.
The speculative markets have been
more active. Wheat has risen 4 cents for
the week, with sales of SO, 900, 600 bush
els at New York, and corn 1c, with sales
of 1G, 600, 600 bushels, and oats 3 cents,
but all were still higher on Wednesday,
and have since declined. Hogs have
risen 10 cents, lard ID cents per 100
pounds, and pork 25 cents per barrel;
oil ~ cent and cotton % cents per 100
pounds, with sales of 269, 900
bales. The excellence of crop pros
poets in this country does not
prevent an advance in products, which
is based on the belief in a larger foreign
demand hereafter, though exports thus
far have been much below those of last
year. Iron is considered stronger,
though No. / southern is quoted at
S1T,25 delivered in Brooklyn, and steel
rails are lower, sales being quoted
equivalent to SEQ at eastern mills. The
general average of all prices has risen
2I per cent. since July l..
Reports as to collections do not i'm
prove, and complaints are ommo
Most industries appear fairly employed,
though no improvement is seen in iron
or wooden manufacture, and eighteen
qualities of wool average exactly the
same price as on July /.
Labor difficulties are gradually dimin-
ishiEg.
The treasury has taken in during the
past week 50, 900, 600 more than it he's
paid out, and the actual circulation of
all kinds is about $1,000, 900 less than it
was a month ago, owing mainly to tho
large retirement of bank notes. But
this results from the comparative mac
tivity of trade. Reports from all none
tary centers indicate that the supply of
money is ample for all legitimate pusi-
ness.
The settlement Of the cable war and
the excellent crop prospects have been
used to advance stocks about 62 cents
per share, but western freight wars do
not yet1mprove, in spite of frequent hope
full reports.
Business failures during the last seven
days number for the United States ISL.
Canada 20, total 216, as compared with
221 last week and 1873 for the correspond.
ing week of last year.