Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-02-06
ress and 1akotaiaa
WEEKLY TRADE BULLETIN
r c DUN & co. NOTE A MODERATE
INCREASE IN BUSINESS.

NSCffGRSE IN bOSiSEoO.
sfx-sfonths' Loans Made In New York
Withdrawal of Public Interest From
the Stock Market.
NEW York, Feb. Ar. g. Dun s. Co.'S
weekly review OF trade will say: "Quiet
has been the prevailing feature in bust
ness during the past week at nearly ev-
cry interior point reporting, and at the
chief eastern cities. Yet it is generally
estimated the volume of business trans
acted compares fairly With that of last
year to-day. C~learings confirm this esti-
mate, showing a gain of about 8 per
cent. in payments through all banks out
side New York, with little speculation in
any direction to swell transactions. The
returns are a safe indication at this sea-
con of a moderate increase in legitimate
trade. Prices refuse to rise. though
meats and vegetables are a shade higher.
There is a little larger decrease in other
articles, even retail prices of coal at
Philadelphia having yielded 25 cents.
III BtUeEdi lSFSlo vi pftCCo VI NOutIlOuluiS5
is now a shade lower than Jan. l. The
monthly statement shows a heavy de-
crosse in the public debt, q decrease of
only 1888, Alp in the volume of money in
circulation, the deposits in banks having
increased 81, 900, 600 in January, and the
rapid return of silver from circulation
being overbalanced by an increase of
SIS, 00D. 900 in gold certificates outstand-
ing. For the past week changes have
been small; money is easier and in good
supply at all interior points reporting,
and accumulates in New York banks SO
rapidly that s~ix-months' loans at 4 per
cent. have been made. S~lackening in
manufactures and indisposition to invest
in New England prices, caused the pleth-
ora of money here, and purchases of
bonds have increased Of late, though
III January the report was $$36, 527, 800
against $S44, 12S, 300 last year. The with
drawal of public interest from
the stock market is illustrated
by the sales of only 2,916, 485 shares in
January, against 8, 1856, 1870 for the same
month last year. Steadily widening dis
agreements between lines both east and
west, and rapid enlargement of operating
expenses, deter investments Without
an active movement prices have declined
hDuup 81 Cbbto pei SildT6 lVT Zig week,
Large amounts of foreign capital con-
tinue to come in for investment in bonds
and mortgages in the west and south,
particularly in Texas. Statistics indi-
cate that a large amount of foreign cap
ital is at present being withdrawn. Ex-
ports of merchandise from New York for
four weeks have fallen only $50, 900 be-
low those of the same weeks last year.
but imports here for four weeks
show AT increase of 131 per cent.
The strike in the coal regions has
already caused some bloodshed, several
failures in the grocery line, and great
suffering and loss. Hopes of its termina-
ton within sixty days are not more clear
ly warranted than they were two or three
weeks age For 4 time a sitter tone re-
be L. he iraTs n1i,rss.;, Inc BEST grades
being scarce and a shade higher; but it is
felt that general anxiety to sell would
appear If the strike should end. More
sales Of rails at $31. SO are reported, but
less than were expected to follow the
Pe%nnsylyania's lead, and the market for
bar iron is disappointing. In wool a dis
tiHctly .setter tone is seen, with consid-
erable bidding by manufacturers, who
feel the improved demand for wooden
goods. But foreign competition keeps
prices very low, and the wool season is
SO near its end that no material advance
in prices is expected. Staple cottons re-
main firm, but business is limited by
scantiness of stock. In printsS=es1fsa at
yances are reported. The markets for
provisions have been comparatively in
active. Cotton has declined o quarter,
with slender sales, and sugar is 1-Sc
lower. The collapse OF the coffee specu-
latlon lowers the price of Rio fair TO 16c,
and there is 9 shade of Improvement in
the distribution Of groceries, and espe-
clally SO at some interior cities. Sales of
corn and oats have been small, and of
wheat only 90, 900, 900 bushels, nearly
all speculative, without change of i'm
portance in either. Accounts, not of
speculative origin, however, Indicate the
winter has not been favorable for wheat
in some parts Of the west. The uncer-
tainty as to the action of congress in
financial and tariff matters does not dimin-
ish, and doubtless affects some branches
OF industry and trade, but the ways and
means committee is said to favor pur-
chase of bonds, even with halt the trust
fund held for redemption of bank notes.
The business failures occurring through
put the country during the last seven
days number for the United States 247.
aud for Canada 80, or a total of 279, as
compared with a total of 317 last week,
n 50l the week previous to the last;
for the corresponding week last year 261,
made up of 900 failures in the United
states, q ~ in the Dominion.