Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1888-09-13
Trade REVIEW.
Oun's Weekly Review The situa'ion
Healthy and . Marked Improvement

Duu.s Weekly ReyieW The Situatiou
Healthy and a Marked Improvement.
NEw YORK, Sept. S.-R. G. Dun & Co.'S
weekly review of trade says: Wool ana
iron industries respond at last, though
with some hesitation yet, to the stimulus
offered by good crop prospects The IN
creased demand for wool is shown in the
higher price for nearly all grades. Coates
circular for September 1 reports consider
able speculative feeling and the average
of les quotations is now 22.1 cents against
aI7 August l. There has been a distinct
Improvement in the purchasing by manu-
facturers and in dress and knit goods more
activity. The demand for cotton goods is
at present comparatively light and
irregular. In the iron trade also an i'm
proving demand is felt in all directions,
excepting in the market for steel rails
Pig iron is firmer and though some South
err iron is still offered below current quo
tations, and four new Southern furnaces
are to begin work this month, the tone is
firmer. At Pittsburgh, advances of % toJ0
cents per ton are reported. Bar and other
finished iron is stronger there ana at Phil
adelphia and some speculative disposition
in the pig iron markets is noticed. Cleve-
land also reports an improved demand Tor
ore and better prices. The deliveries OF
steel rails for eight months of this year
have been only 7l0, SOP tons, against ,O45,-
0iS last year.
The speculative markets are higher
wheat nearly one cent, with sales of 34,-
000, 900 bushels-and corn about a cent, in
spite of excellent reports as to the probable
yield. Cotton has risen nearly half cent,
though the best recent reports from Texas
as to the yield are confirmed. The coffee
market is half a cent higher, with a better
demand. Oil is 1z cents stronger and
foreign hides half a cent higher. Sugar
had advanced q sixteenth and lard nearly
half cent, though other pork products are
steady and hogs 10 cents per 100 pounds
lower. The stock market has shared the
upward tendency, showing an advance of
about half dollar per share since week
ago. The gross earnings of railroads con-
tinue encouraging. The wars of rates
do not cease and the decentralization is
such that the trunk line pool and the Gen.
trail Traffic Association have practically
ceased operations. Weakness and selling
in important Western stocks continue, but
the marked improvement in the coal trade
helps many stocks. The situation does
not stimulate the demand for securities
offered by projectors of new roads, nor do
returns Of foreign trade promise the i'm
ports of gold which are usually expected
in the fall. Exports from New York fall
81 100000 behind last years for the last
week reported and IA per cent. behind for
the past five weeks.
The accounts from interior cities contin-
ue decidedly favorable. As to collections
also, while some complaint appears, the
general tenor of reports is more favorable.
Tho incraaSad damanH for r1nuau has
caused some closeness in the market at
Baltimore, Cleveland and Nashville, but
at most points the supply is ample. The
treasury has taken in during the week
$2, 100000 more than it has paid out, but
the payments for S16,000,0O0 bonds pur-
chased have not yet been reported. The
business failures number 22i, as compared
with 226 for last week and PA the week
previous to the last. For the correspond
ing week of last year the figures were la,
and % for the Dominion of Canada.