Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-01-30
WEEKLY TRADE BULLETIN
VOLUME OF BUSINESS AFFECTED BY
STORMS, BUT GENERALLY FAIR.

VOLUME OF BUSINESS AFFECTED BY
STORMS, BUT GENERALLY FAIR.
Money Comparatively Easy-GeneraI Alb
sence of Speculative Excitement-Re-
ceipts of Foreign Capital In SIX Months
S55,0O0,O 900 Above Withdrawals.
New YORK, Jan. 2S.-R. G. Dun 81
Co.'s weekly review of trade, will say:
Business, both domestic and foreign, has
a more encouraging appearance. Money
is reported close alta very few distant
points, but comparatively easy every
where else, and collections are fair in all
quarters, with substantial improvement
where hardness has been observed. The
storms and the blockading of railroads,
but it is generally fair for the season, and
exchanges outside of New York are 81
per cent. larger than for the same period
last year. 1t is a decidedly healthy symp-
tom that there is a general absence of
speculative excitement, and prices of
products are, In most cases, settling
toward a more natural level. though the
average is sustained by the scarcity of
anthracite coal, the scanty supply of
vegetables, n the advance in cotton
goods. Foreign trade in December was
much more favorable than early state
meuts indicated, the decrease in exports
of cotton, breadstuffs and provisions be-
ing partly balanced by the increase in
cattle, petroleum, and minor items. The
excess of exports over imports of mer-
chandise, $21, 100, 1888 for the month, with
outgoing silver exceeding incoming, gold
by 1875, 0S9, indicates a withdrawal of
capital, exceeding by $12, 600, 900 the av-
erage required for interest payments, and
underyalGations. The past; six months
the receipts of foreign capital has ap-
parsntly exceeded Withdrawals by $685.
O00, 600. The returns for January thus
far indicate an increase of 8 per cent. in
exports over last year, prices having
lately encouraged q more free movement
of products, but the imports at New
York thus far show an increase of IA
per cent. AS the exports exceeded i'm
ports by $50, 0O0, 900 last January, these
reports point to a continued though
smaller excess. The great strikes In the
anthracite regions continue, and the
o~oAShSy Soh4 GU lldlly uu1dCGuIlnH
points contrasts with the official reports
of a large movement to tide-water. The
companies not obliged to stop work are
vastly increasing their output, while
many iron and other works, which de-
pend upon the Reading and Lehigh for
supply of fuel, have been obliged to stop.
Iron Is perceptibly sustained in price for
the time by this enforced curtailment of
production, and several have stopped for
repairs, but the feeling prevails that re-
sumption of work in the coal mines may
be followed by lower prices of iron. AT
Pittsburg Bessemer iron is 25c lower; at
Philadelphia bar is quoted at !. 95, and
sales of 30. 900 tons of steel rails to the
Pennsylvania are reported at over $31, at
mill, with sales of so, 600 tons besides
during the week. In all branches of this
industry the decrease in railroad demand
is felt. The success of the Atchison and
some other railroad companies, in plac-
81 end ss-Te
proving demand for bonds, do
not altar the fact that sales
of securities to actual investors
continue behind those of corresponding
weeks last year. A better tone in the
stock market has been observed for two
days, but the business Is still mainly left
w oECSaAoolio aO SCOIIlSt UuG StIlkGS,
and the recent disagreements about rates,
may be felt a little later. In other
branches of speculation the tendency has
been toward a lower level. Wheat has
declined / cent, pork 2 5cents per barrel,
sugar 1-S cent, coffee 1-2 cent, and oil 4
LIZ cents, bur oats has advanced 1 1-2
cent. Lard and hogs are a shade strong
er, and tin has advanced a fraction.
There is a better movement In wool, but
quotations average q little lower. Cotton
is unchanged, while prices of many makes
of bleached and brown goods and fancy
prints have been advanced, and print
cloths are quoted at 3.94 for the Gas.
The boot and shoe business is fairly act
i've, with shipments exceeding last years,
and prices of almost all kinds OF
leather goods in buyers favor. The
treasury increased its cash last week
81, 800, 600, though 1t adds $40, 900 to bank
deposits. The decision Of Secretary Fair
child not to add to the number of bank
repositories on the ground that increase
in the deposits above $50, DOC, 900 might
prove a source Of danger, comes at a
time when money is rapidly accumulat-
ing at the chief centres, but the PROS
pect of definite action by congress regard
ing the surplus revenue does not seem to
improve. Business failures during the
last seven days number BIT as compared
with 3I4 last week. ~