Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-09-10
Weekly Trade Review.
INDUSTRIAL AND COMMERCIAL
SITUATION OUTLINED.
THE WEEK SUMMARIZED.
An Increased Demand for wool-Better
Market for Iron-specu1ative Grain
Quotations Higher-Hog Prod
uct ~Lower-Stocks Up.
NEW YORK, Sept. s.-R. G. Dun 8

W. ~ ASNS ''t& DN- 49,.
Wool and iron industries respond at
last, though with some hesitation. The
news of the week as TO grain and cotton
has been almost uniformly favorable, in
spite Of some excess of rain in parts of the
south and a little alarm bon possible
frosts in the northwest. The foreign de-
mand for products, though still small, is
improving.
The increased demand for wool is
shown in higher prices for nearly all
grades. Coates circular for Sept. / re-
ports considerable speculation feeling,
and the average Of 10S quotation is now
1927 cents, against 21.7 Aug. /. While
many manufacturing works are still idle
and the advance in raw material is large
ly based on this fact, the clip is much be-
low last years. There has been q dis
tinct improvement in the purchasing by
manufacturers, and in dress and knit
goods more activity.
Thu demand for cotton goodsis at pres
ent comparatively light and irregular,
but the belief that no change of tariff
will occur this year removes the chief
cause of uncertainty in the textile man
ufactures.
The iron trade is improving in demand,
which is noted in all directions except
&LS II tlS liza olSCl I'LL -
iron is firmer and though some southern
iron is still offered below current quota
tiops, and four new southern furnaces
are to begin work, the tone is firmer.
At Pittsburg advances of 20 to 90 cents
per ton are reported. Ban and other
finished iron is stronger there and at
Philadelphia, and some speculative dis
position in the pig iron market is no.
ticed. Cleveland also reports an i'm
proved demand for ore and better prices.
1t is doubted whether much advance in
raw iron is practicable until rails are in
better demand. The deliveries of steel
rails for eight months OF this year have
been only 40, 500 tons, against 1,045, DAB
last year, but in the other branches of
the trade the demand and feeling have
clearly improved.
The speculative markets are higher;
wheat nearly &c, with sales of "a, 000, 900
bushels, and corn about a cent, in spite
of excellent reports as to the probable
yield.
Cotton has risen nearly nc, though
the best recent reports from Texas as to
the yield are confirmed, and the injuries
from recent rains in the Mississippi states
INT Georgia do not appear to have been
great.
The coffee market is nc higher, with a
better demand. Oil is 1910 stronger.
Foreign hides are'5Sc higher, though city
slaughtered hides are quoted lower.
Sugar has advanced 1-16c, and lard
nearly &c, though other pork products
are steady and hogs 10c per 100 pounds,
lower. Thus, in many quarters the in
1uence of speculative activity is seen, and
yet the latest adyices DO not point to any
GSptcitV 0f prOdurfS nr nf rrpng
The stock market has shared the dp-
| ward tendency, and in spite of some re-
action of late shows an advance of about
half a dollar per share since a week ago.
The gross earnings of railroads continue
encouraging, but reports of net earnings,
though not up to last years mark, come
too late to impress the speculative mind.
(, The wars of rates do not cease, anu the
generalization is such that the Trunk
Line pool and the Central Traffic associa-
ton nave practically ceased operations.
Weakness and selling in important west
ern stocks continue, but the marked i'm
proyement in the coal trade helps many
stocks. On the whole, however, the
situation does not stimulate the demand
for securities offered by projectors OF
new roads. Nor do returns of foreign
trade promise the imports of gold which
are usually expected in the fall. Elk
ports from New York fall 81, 200, 900 be.
hind last years for the last week report.
ed, and IA per cent. behind for the past
five weeks, SO that a further excess of
imports ever exports is indicated.
The accounts from interior cities con.
tinue decidedly favorable, differing from
each other mainly in the rate or extent
of Improvement In trade as to collec.
tions, and while seine complaints appear
the general tenor of reports is more ia
vorable. The increased demand fol
money has caused some closeness in the
market at Baltimore, Cleveland ant
Nashville, but at most points the supply
is ample and the demand moderate. Thu
treasury has taken in during the weel
50, DOC, 900 more than it has paid out, bu
the payments for So, zoe, 900 bonds pur
chased have not yet been reported.
Business failures during the last sever
days numoer: United States 1914, Canad,
80, total 224, compared with 1926 las
week and ia the corresponding weel
last year.