Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-05-28
WEEKLY TRADE REVIEW.
HEAVY TREASURY DISBURSEMENTS
MAKE MONEY PLENTY.

The Volume Of Trade Unsatisfactory AND
the Tendency Of Prices Downward
Slight Improvement Noted In Dry Goods
and Observation-Disclosures Failures.
NEW YORK, May 26.-R. G.. Dun s.
Cot weekly review of trade will say:
Gold hes begun to go abroad in large
amounts, $3.50, 900 having been shipped
since May g.. In the present state Of for,
eign trade suspension of foreign invest
menta in this country involves exports OF
gold to meet current balances, whether
any part Of the foreign capital preyi-
| ously invested here is called back or not:
| nnt there are Indications of foreign in
vestors realizing on some securities.
The ~cheapening Of money in this
market by the treasury disbursements
Tor bonds has made the outgo larger, and
the secretary states that the price paid
Will not be advanced at present.
Merchandise exports from New York
for three weeks past fall II per cent. be.
low last years, while imports decline
ABOUT y per cent, 80 that the excess for
May seems likely to be not much below
last years, and in April that excess was
nearly $12, DOC, 900, partly in settlement
for bonds previously offered. The treas
ury during the past week has paid So, 7O0,-
O0O more than it has taken III. and money
here Is abundant and cheap, with moder-
ate sums arriving from the interior.
The volume of trade is almost unf-
versally unsatisfactory, but the unfavora-
Bile weather is in most cases accepted as
the chief cause, and some Improvement is
reported at Cleveland and Memphis.
oregon and South California report trade
better than that Of last year. Generally
q decrease is noted, with prevailing hesi-
| tation.
The volume Of exchange, 81 per cent.
below last year, outside Of New York,
SHOWS an increase Mt Chicago, Omaha.
Kansas City, New Orleans and San Fran
cisco, but the decrease at Boston liz 20
per cent, at st. Paul and Milwaukee IS
per cent, at Cincinnati 10, at Baltimore
y, at st. Louis and Denver s, and at
Plttsburg and Detroit Z per cent. At
New York, as usual of late, the decrease
10 considerable, but largely due to specu-
lative changes.
The tendency OF prices has been down
ward, both for securities and. for prod
ucts. The average for products was
temporarily lifted by the speculation in
grain, but has fallen again to a point S
per cent. below the highest. Wheat has
declined 8 cents with more favorable
crop prospects and sales of 53, 600, 600
bushels here. Corn has fallen 2L cents
for the week, and oats l cent.
Hogs and lard have advanced Is cents
per l0o lbs, and coffee u cent, but cot
ton q sugar do not gain, and oil is 31S
cents lower thar a week ago.
The decline in wool since Nav 1 has
averaged S0 cents per 100 pounds.
Rubber is weaker at II cents for new
para.
Hides continue very dull and leather
generally fayors buyers, though the
movement of sole leather has been large.
thls month. No special activity is seen
In the boot and shoe trade, orders falling
below expectations.
Iron Is very irregular Since the reduce
ton to $1S by the Thomas
some pennsylvania makers insist upon
better prices-the Lehigh s1S. so and 9TH
ers SO. Some southern makers meet the
reduction, while many others are wait
ing developments.
etlni though act great improve
ment appears in the dry goods and grocery
trades. Agents have advanced prices
OF many grades of sheeting, end
bne uemand Tor staples presses close
upon the supply. In woolens, there is
q better feeling rather than an actual
improvement.
The ~distributiye movement in grocer
les has increased and holders are more
confident. 1t is to be noticed, however.
that In New York wholesale trades there
is rather more complaint of hardness in
collections, and the increase In the num-
Der OF failures-7T thus far In May in
the United States, against 500 for the
same weeks last year-tndicates that the
-oyer-confdence of last fall and winter
was in some cases i'll judged.
The stock market has been depressed |
about 81 pershare by gold exports and by
lhqutdataons in some prominent stocks, |
Q vigorous rally began Friday morn.
Ing. Railroad earnings continue decid- |
edly satisfactory, but crop reports, while |
more favorable, do not indicate anything
like q full yield of wheat, and the I'M.
certainties Of congressional action affect |
u~nfayorably many branches of industries
and trade.
Business failures during the past seven
days number for the United States 212:
Canada, 1S; total, 1876; compared with
lV0 last week and IT'S for the correspond
Ing week last year.
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