Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-12-31
Weekly Trade Review.
REPORTS INDICATE A General
BUSINESS IMPROVEMENT.
SUPPLY OF MONEY.
Merchandise Exports LarGe-Tho Cold
Weather In the Northwest Brings
With 1t conadence-A Large
Railroad Business.

NEW YORK. Dec. pr. g. Dun d
Co.'S weekly review of trade will say:
Trade during the past week has been
u~ndisturbed by the monetary pressure
often experienced near the end of the
year, and has on the whole improved.
The long foreshadowed break ii wheat
speculation came with a fall of six cents
on Wednesday at Chicago, but there has
been some recovery. Sales here have
been but u, 900, 900 bushels for the week,
and 1t Is still uncertain whether prices
have declined enough to permit the
marketing OF the large surplus this
country has on hand. Enormous crops
In Russia and the Danubian states, with
lower frefghts, keep European prices
low, and there is constant unloading by
operators throughout Europe, who
bought heavily when the crop scare pre-
vailed. Corn closed )4c lower, oats Lc
lower, pork CSC per barrel lower. while
hogs rose 25c per 100 pounds.
Cotton was steady with sales for the
week of 81, 900 bales.
Coffee unchanged, with 204, 900 bags
| sold.
A break in oil dropped the price to
51I cents aud refined also declined tOc
per 100 gallons.
This general yielding in speculative
markets Is but q tardy recognition of the
faot that while speculation was stimu-
lated by currency expansion, prices be-
came essentially lower and the connec-
ton of markets with the laws of supply
n demand was broken.
NO monetary pressure now forces
liquidations throughout the country; the
money markets are amply supplied,
though slight closeness is noted at st.
Paul, and frequency of failures causes
some uneasiness at Memphis. The
treasury Is still putting out more money
than u k in-sl. 300, 900 during the
past week--and the outgo of gold has
ceased for the present, though bank
rates at London remain 5 per cent, while
money on call at New York is quoted at
Al per cent.
h merchandise exports improve
from New York for December, exceed
ing last years by 6 per cent, which in
dictates a remarkably large movement
when wheat shipments are still SO near
~ prohibited. The excess of exports
over imports for November was even
larger than preliminary statements fore
Swallowed, reaching S22,h 1 1914 in mer-
chandise, and SO, 4t5,415 gold.
I Trade accounts from the interior are
generally satisfactory, though no i'm
proyement is seen at Memphis, and the
iron, steel and coal trades at pittsburg
are dull. Cold weather at Omaha and
snow In Wisconsin have improved the
situation, and much confidence is almost
everywhere felt as to the business of the
coming year. From Rochester, full re-
turns or the years transactions show
large aggregates In all the wholesale de-
partments, with an unusually small per-
nGnfnQ03 AZ IacUauFHt A Dell. 4. A.
iron trade is perplexed and uncertain,
and it Is believed that concessions in
price have been made, but more active
bidding is noticed. Steel blooms are I'M
settled and lower, but rails and manu-
featured iron look better. Copper and
tin are unchanged. The syndicate has
been obliged to increase its holdings of
copper by seyer.l thousand tons, and
the stock Is o Supposed to be 100, 600
tons In Europe and SO, 900 here, held at
100000 600 or more. In that connection
further depression in the market at Paris
and another heavy fall ia Panama stock
may be noticed.
reports of railroad traffic show that q
very large business Ia l.: progress. In
deed, the ~east-beund shipments were
ltl,0O0 tone, the largest ever reported,
against $1,000 o for the corresponding
WScA iasG ycbE. EARNINGS commune good,
and the Vanderbilt roads make some i'm
provement in dividends. Tho course of
stocks during the past week has been
decidedly favorable to hefdera, especially
In a few of the more active shares, and
the general average Of prices is about
a dollar pei share higher than at the
opening of the year. Prices of COM
moditfes, on the other hand, still tend
downward, having declined about liz
per in December and about 81 per
cent. since Jan. ].
The. year closes with general conf
dence rather greater, indeed, than the
present state Of prices and rate OF con-
sumption In some Of the most important
industries appear to warrant. But the
marvellous growth Of the country con-
tinues, and insure5 an increasing demand
Tor products at no distant day.
Business failures during the last seven
days number: For the United States
27t, for Canada 90, total 200, as against
3ll last week, and 28s for the CORE
spending week lsat year.