The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-09-13
REVIEW OF TRADE.
Crop Prospects Stimulate Wool and
Iron Industries.
The Speculative Markets are Higher
and Stronger.
The Gross Railroad EiruiDgs Con .
tinue Encouraging.
Business Failures Fewer than the
Previous Week.

NEW YORK, Sept. 7.-R. G. Dun 8
Co. IS Weekly Review of Trade says:
Wool and iron industries respond at
last though with some hesitation yet,
to the stimulus afforded by good crop
prospects. The increased demand for
wool is shown in a higher price for
nearly all goods. Coates circular for
September reports considerable spec
ulative feeling and the average of los
quotations is now 2O.7 cents against
PIT August 1. There has been dis
tiuct improvement in the purchasing
by manufacturers and in dress and
knit goods more activity. The demand
for cotton goods Is at present compare
lively light and irregular.
In the iron trade also an improve
nIent demand is felt in all directions,
except in the market for steel
rails. Pig iron is tirmer and
though some Southern iron
is still offered below current quotations
and four new southern furnaces are to
begin work this month. the tone Is
firmer. AT PittsbuTg advances of %
to so cents per ton are reported. Bar
and other finished iron is stronger there
and at Philadelphia, and some sp0cula-
tive disposition in the pig iron market
is noticed. Cleveland also reports an
improved demand for ore and better
prices. The deliveries OF steel rails for
eight months of this year have been
only 7I0,5O2 tons against 1,045, O4S last
year.
The speculative markets are higher,
wheat nearly one cent with sales OF
"a ,0OO, 600 bushels. and corn about q
cent in spite of excellent reports as to
the probable yield.
Cotton has risen nearly half q cent
though the best recent reports from
Texas as to the yield are confirmed.
The coffee market is half cent
higher with better demand.
Oil is ga cents stronger, and for
eign hides a cent higher.
Sugar had advanced sixteenth
and lard nearly half cent. though
other pork producers are steady and
hogs 10 cents per hundred pounds low
The stock market has shared the up
ward tendency, showing an advance or
about one half a dollar per share since
a week ago.
The gross earnings of railroads con-
tinue encouraging. The wars of rates
do not cease and the generalization is
such that the Trunk line pool and the
Central Traffic association have prac-
ideally COdSOu OPCAoSlOhOs w OehACoc
and selling in important western stocks
continue hut the market improvement
in the coal trade helps many stocks.
The situation does not stimulate the
demand for securities offered by pro
jectOrS of new roads, nor do returns of
foreign trade promise the imports
of gold which are usually expected In
the fall.
Exporters from New York fall 81 :
2OO, 900 behind last year for the last
week reported, and Il per cent behind
for the past five weeks. The accounts
from interior cities continue decidedly
favorable as to collections also, while
some complaint appears and the gem
eral tenor of reports is more favorable.
The increased demand for money has
caused some closeness in the market at
Baltimore. Cleveland and Nashville,
but at most points the supply Is am
pie.
The treasury has taken in. during
the week 2,OL0, COO more than it has
paid out, but the payments for %, Co.,
900 bonds purchased have not yet been
reported.
The business failures number 224, as
compared with 226 for last week, and
PA the week previous to the last. For
the corresponding week of last year
the figures were ia and % in the do
miniOn of Canada.