Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-02-27
WEEKLY TRADE BULLETIN
BOTH LEGITIMATE TRADE AND SPEC
uLATloN UNUSUALLY DULL.
Uncertainty in Important Branehe. .

Uncertainty in Important Branches Of
Business. Added to the Usual rnac-
tiylty at This Season, Accounts in .
Measure for the State of Trade.
NEW YORK, Feb. 25.-P. G. Dun g.
CO.. Weekly Review Of trade will say:
Both legitimate trade and speculation
continue duller than is usual at this sea-
son, though moderate improvement in
trade is noticed at Memphis, Galveston.
Kansas City, and Milwaukee, aud in
speculation there has been a little more
activity iii stocks. To the natural causes
for dullness at this season is added the
uncertainty in several important branches
of business. The termination of the Read
ing strike has come at last, and it only
increases the uncertainty in business.
The sugar trust meets unexpected op-
position, threatening its existence. Opera
ttons of other syndicates or combines
makes it impossible to forecast the future
in many trades, and meanwhile the I'M
certainty as to congressional action on
the tariff is in no degree lessened.
Within a few days the sharp
rise in foreign exchanges has
also rendered the future of many mark
cts less clear. The fact that the Reading
strike but slightly affected the iron husi-
ness, became clear before work was re-
sumed, and it is felt that the resumption
of work by a few furnaces would be
likely to insure lower prices. A sale of
extra good for $1S.05 at furnace, is re-
ported, and the competition to secure or
ders for rails is still keen. Bar iron is
quoted at 81. go, but car building cor in
ues unusually large. The Pennsylvania
alone has placed orders for %, 600 cars
and seventy locomotives. Eastern nail
makers have combined, and the price
has stiffened a little. Coke producers at
Connellsville have at last consented to
reduce the price % cents, which
will help manufacture. The Gogebic
mine consolidation has collapsed,
and the orders for Lake Erie thus far
failure of Gsoff, Bennett & Co., of Pitts
burg, produces no disturbance. The de-
cision against barbed wire patents affects
concerns having n capacity of 800, 600
tons, but not actually producing $50, O0U.
Without a wider demand for securities,
q decrease in railroad business affects
many branches.of production. The mod
crate improvement In the stock market
is, therefore, interesting. OF new bonds
issued this year, $$54, 900, 600 are for new
roads, and nearly $l2, 600, 900 additional
were listed last week. The quick ad-
vance In foreign exchange appears
to indicate that investments of
foreign capital on this side have ceased
for the present, and experienced bankers
now discuss the possibility of early ex-
ports OF gold. The actual exports of
goods for three weeks past show an in.
CREASE OF 80 per cent. over the same weeks
last year, but no such increase is ex-
pected in the aggregate. The treasury
has taken in IS, 100, 600 more than it has
paid out during the week, slightly dimin-
ishing bank deposits. The situation at
Washington does not promise any early
action in regard to the surplus, end even
the bill authorizing the purchase Of bonds
may be delayed. Domestic exchanges
are but slightly in favor of New York.
At interior points the supply of money is
everywhere reported ample, and collsc-
lions are, on the whole, improving, espe-
cially In the northwest. Trade in bread
stufs is hindered by foreign uncertain
ties, which keep al i've hopes of war and
higher prices. Corn and oats have de-
clined about lie each, while wheat has
risen as much, but 1t was weak. No
change Is noted. Hog products have
risen o 2 cents, while cotton has
weakened. Short sales abroad, and the
lack of domestic demand, weaken
coffee, and In the sugar trade. a
Philadelphia house offers to underssll
the trust, and at Boston there is rumor
OF a split, while from San Francisco
news comes of organization nv SnraoLlo,