Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-07-09
Weekly Trade Bulletin.
Good Crop Prospects Create a
Hopeful Feeling.
BUSINESS CONTINUES DULL,
The Usual Inactivity of the Season In
tensifiea by Special Causes. Yet
There is a General Feeling
of Confidence.

NEW YORK, July J.-lhs ", Duu cS
Co.'S. weekly review of trade will say;
The commercial situation changes lit
tie, but only for the better. Crop pros
poets grow more favorable with every
week of satisfactory weather, and the
hopeful feeling thus produced through
out the west and south is felt immedi-
ately in some increase of trade. Financial
transactions are nowhere of weight at
present, Money is superabundant, and
the belief prevails that the treasury
will prevent pressure or disturb
ance. Such Is the spirit al
most everywhere controlling, and
business depends SO largely upon senti-
ment that hopeful expectations count for
more than the present dullness. ALL
over the country the inactivity usual at
this season appears to be intensified by
special causes-by doubts regarding the
tariff, by wars of rates, by labor dis
turbances, and by crop uncertainties
Yet there is everywhere confidence that
better business is near at hand, and
everywhere people are preparing for q
season of unusual activity. The business
of Transportation is much demoralized
by cutting of rates and the growing
irritation threatens to bring more serious
reduction before long, and yet there is a
prevailing faith that all quarrels will be
adjusted somehow when traffic becomes
large, though no one can quite see bow
The spreading of decentralization of rates
affects the stock market scarcely at all,
| average prices having actually risen dur
| ing the past week about half of / per
cent, Notwithstanding stagnatton al
most unprecedented. Better crop pros
poets accotcnt for much of the
| prevailing confidence. Even in
| winter wheat regions, where the
damage was greatest, the yields ap-
| pear TO be greater than was expected,
while the outlook for spring wheat inl-
proves with every week of good weather
| So of corn, which promises large yield
/ in spite of the bad beginning in some
| sections The violent and extensive
storms of which the telegraph gives adj
vices have doubtless done some harm,
| but prior to Thursday the weather had
been generally most favorable. AT
/ nearly all interior points business is re-
ported quiet or dull, though the ex-
cellent prospects for farmers are
noted as iustifying confident
| feeling Present inactivity makes
| the supply of money ample at almost
| every point, and the complaints of slow
| collections are less numerous this week.
| The great strike of iron workers has
had little effect as yet, the belief being
| general that it will not last long. Yet
| the success of one large establishment in
| resuming work with non union men, and
1 the concession of others to the terms de-
manded by the association, seem 10
render a speedy settlement less probable.
| Excepting tirmer tone for bar iron, the
| market has not been perceptbly better
Dry goods are dull, as is always usual
after July 1, and little new bust
ness appears. While nearly all the
great branches of manufacture are
affected by uncertainties as to the tariff
the impression grows in business circles
that nothing will be done at Washington
this year, and that the business keps
back by uncertainty will swell the vol
| ume of trade after congress adjourns
Speculative prices are stronger foI
breadstuffs, wheat having advanced dur.
ing the week 81 cents, corn 23s cents
and oats Is cent Cotton is ALSO q shade
stronger, with butter, cheese and pota
toes, and oil has risen ~ cents
The general average ofprices had TALLER
7l5 per cent from January | to July j
but has slightly recovered this week
Foreign. trade improve a little, ex
ports from New York for June beins
oaly per cent. below last years.
zTbe treasury has taken in during tn,
past week s1,900,000 more than it ha
paid out, besides increasing its deposit
in banks 81, 400, 600. The exchanges a
cities and towns outside of New Yor
continue to fall below last years, bu
this loss is in part the Consequence of tn
great activity early in the year, and 70
the half year the exchanges outsid
of this city were but half of per cen
below those of the first half of 1887.
New York, however, the decrease we
1873 per cent, at Boston, st. Paul an
; Milwaukee So per cent, at Cincinna
1915, and at Baltimore 1873 per cent
while Chicago reports a gain of 7.9 pe
cent, New Orleans gain of 5.S pt
cent, and st. Louis a gain of per cen
Failures during the last seven day
number for the United States 1872, fc
Canada %, total 214, rs compared wit
201 last week and e154 for the correspond
ing week of last year.
L