Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1888-08-11
BusiNes, ourrDox.
Ths Trade Situation Uonsisuss Eeco asaging
and the STOCK markss sssens -Rspors


and the STOCK nsrhss s1sns-Rspsrs
or the Commercial Agssssss.
New York dispstch totbs Philsdslphis
Ledger says the trade prospects rsms in
encouraging, and tho stock Market With
but slight reactions, continued strong all
the week. There has bosn no essential
change Ia tho bnsiness outlook since lest
Friday. Ift were not for the rsstriotsd
speculation the upward movement In
the stock exchange would have all
the appearance OF q boom. Hut the
volume OF transactions continues disap-
pointinsly small On Monday 10000
:a.rss on ssss Sd a y z s1.Ssy %
253 600 /; and Friday, 2l2,0O0. . total for
nve days Of 1.i3s, 900 shares. In . period
OF Widespread trading tho total would be
twice - large. Still prices, - Q whole,
continue 10 sdvanoe, and the temper OF the
prospects here, the belief that Europe viii
be Obliged by the partial failure OF her own
crops TO be . heavier purchaser OF our
grain, the ample supply OF money,
the quickening pulse Of general
trade, the passing n fear ,S 2! .Nus's, sdvS5ss
features Of the situation. In the railroad
world there has been no event Of special
moment Undoubtedly the most Interesting
question which must soOn be met 10 that OF
the com petition OF Canadian roads with cur
trunk linea This question and others aux.
Hilary to II are soon 70 be the subject OF oon-
gressiOnsi Investigation, - they have al-
ready been the subject OF senatorial debate.
In the record Of railroad earnings may DO
found one cause OF the improved feeling In
Wall street. For the first half Of the year
Of nearly 300, report increased earnip 8
over tue corresponding period Of 1887 OF
nearly t6 000, 900, This stocks OF tho coal
carriers have this week been very promi-
nent on the strength OF the big demand for
coal, the estimated large production and
the rumored intention TO advance rates Tor
carrying and prices for selling coal. Their
general strength hss been supplemented BY
causes special to the several rosdA Europe
appears to be still o purchaser OF our Sc
cusities. Foreign capital continues to be
attracted by tho extraordinary develop
n.ent OF the United States and belief 10
Its future.
Bradstreers on the state OF trade: "Oul
kilograms from leading cities mark an In
or case OF the Improvement In the condition
| OF trade reported last week. The most en-
couragtnE reports come from Kansas City
where general business continues TO picl
up In the most satisfactory manner. Coco
rains have fallen over Kansas and Missouri
and bountiful crops OF all kinds are assured
| This has created q feeling OF con fidenc<
| among country merchants, and they Or,
ordering liberslly. Dry goods and groceries
snow particular activity. especially 90 fa
| as Kansas demands are concerned. Al
| Philadelphia the situation promises
gradual revival OF activity from now on
and 1t Boston the boot and shoe Industry
is moro active, with the appearance o
many duplicate orderA Cooler weather
has stimulated trade at st. Louis, aud good
Louisans crops have had Q like influence q
| New Orleans. Specially telegraphed re-
| ports Oh to the outlook for wheat corn anC
cotton are favorable. S.ocks of interior
merchants In the Central Mississippi an(
the Missouri River valleys are light.
| Il. u. Dun IL Co, say: "Trade report
from nearly all the interior points are full
OF confidence, and at many the active In,
provement already noticed still continues
| At Cleveland the lumber and coal tradei
| are better, but iron ore 10 dull. At Pitt
| burg, there Is less activity in iron, bu
prices are steady, and 6. 1897 out of II. O6I COX,
| ovens in the Conn elisville district are a
work, producing 90 723 tons weekly, q
| about 81 per ton. The anthracite AMI
bituminous coal trades are also strong. Tn
failure OF clothing house at Minneapolis 4
announced, but with an increase for mer
chandise there and at H. Paul, notwith
standing the damage to wheat and oats
| Among the new Developments of interes
IL the rapid growth OF the lumber bushes
| In Texas, where large sums have been in
vested and the mills are pushed to thei
full capacity, supplying demands iron
Kansas, Missouri and Western s:ates gen
orally. The important discovery OF iro
ore In Michigan IL held to extend by sewers
miles the known ore.beariag territory"