Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-06-11
BETTER TRADE FEELING.
R. G. DUN & CO.. WEEKLY REVIEW OF
TIE SITUATION.

Business Improves Under Favorable Crop
Prospects and the Belief That No Dis
turbhng Changes in the Tarif Are Likely
to Be Made This Year.
NEW YORK, June Or. G. Dun &
Co.'S weekly review of trade will say:
There is a better feeling in business
circles, and in some quarters actual i'm
proyement in sales, though on the whole
transactions are not equal to those OF a
year ago. The better feeling is due in
part to more seasonable weather, in part
also to a growing impression that no dis
tusbing changes in the tariff are likely to
be made this year, but more largely to
the decided improvement in crop pros
peots.
The outlook as to cereals improves
steadily, SO that there is now reason to
hope for a large yield of all grain except
wheat, and for a yield of wheat exceed
ing 1900, 900 bushels more thar the esti-
mate of a month ago, provided
the weather continues fairly favorable.
The annual report as to acreage and pom
dition of cotton by the Financial Chron-
icle indicates an increase of 26 per cent.
in acreage, with the conditions on the
whole rather more favorable than a year
ago. The Atlantic states and Texas ap-
pear rather less promising, but in the
Mississippi valley all accounts agree that
the prospect is better than at this time
last year. Another encouraging feature
is the increase In the output of pig iron,
which Is ~notlarge, but any increase what
ever with the low prices now prevailing,
is significant. Partial reports show q
gain of 1883 tons in weekly output
since May /, due mainly to the opening
of three large furnaces in Alabama.
With this gain the output is still "a, 900
tons smaller than or November l, but
ne advance in prices has occurred, and a
weekly production of 100, 900 tons with
only SIS obtainable for No. / foundry,
would have been considered impossible
in any previous year. The market for
steel rails shows no change, and while
the sales of bar iron are q little larger
prices do not strengthen for
other than the best grades
of pig iron. The market seems,
on the whole, weaker, and reports are
current that production will soon be sus-
pended at q number of furnaces. The
CoPPSl hltl 10 uhCildHRGu, tlOuPBG III
extensive caving lessons the output of
the Anaconda mines. Tin is weaker
with accounts of deteriorating quality.
and lead has been decidedly weak.
The grain market hos declined-wheat
%1c,corn az and oats &c, while lard is &c
higher and pork unchanged. The i'm
proved crop prospects bosh in
the Mississippi valley and the Pa
citic coast at present outweigh
the moderate increase in purchases of
wheat for export. Corn and sugar are
unchanged in price, and coffee has yield
ed 40. Dairy products have recovered
u little from the depression of last week,
but oil has declined &c. Views of hold
ers and bidders are so far apart as to new
wool that prices are hardly settled, but
such quotations as appear indicate a
lower average. The general range of
prices of commodities is about half of l
per cent. lower than q week o
In the stock market a small recovery
in prices has occurred, but dullness pre-
walls. Good reports of earnings are bal
anced by increasing rivalry between
water and rail routes and between west
ern trunkl lines.
The quick absorption Of large amounts
of bonds recently offered prevents n
duNauCe III lorelgn exchange, and puts
aside apprehensions of specie exports,
but the merchandise movement indicates
a heavy balance payable abroad, either
by specie or securities. Exports for May
from New York exceed by about ~ per
cent. those of the same month last year,
while imports fall short 9 per cent, but
similar changes elsewhere would leave
the excess of imports over exports about
$l3, 009, 900 for the month.
The treasury has taken in 81, 500, 900
more cash than tpaid out, getting scarce
ly any bonds, but the local market is
glutted with money. Interior reports,
with scarcely an exception, show money
abundant and business quiet or moder-
ate, with collections not entirely salts
factory. Yet, on the whole, the reports
disclose a more hopeful tone with better
weather and better crop prospect. The
clearings outside of New York last week
were nearly 30 per cent. smaller than
those of last year, and for May about 8
per cent. smaller, but the decrease was
in part attributable to the previous TN
favorable weather.
The business failures occurring through
out the country during the last two days
number for the United States POT, and
for Canada %, or a total of 1856 as COM
pared with the total of 205 last week.