Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-10-01
Weekly Trade Review.
THE SEASONS CROP AN UNUSUAL
LIZ LARGE ONE.
STOCK MARKET STRONGER.
Confidence in the Future Comes from All
Sections, but the Improvement In
Business Is Only Moaerato-The
Money supply.
New York, Sept. s9.-R. G. Dun &

New YORK, Sept. OR. G. Dun &
Co. IS weekly review of trade will say:
Doubt about the corn crop has van
ished. Estimates vary either way from
2,U15, 600, 600 bushels, but it is doubtless
the largest crop ever raised. The in
crease in this crop far outweighs in
value any loss in the yield of wheat, and
any possible loss in the yield of cotton.
But the yield of oats is also the largest
on record, and the yield of hay and pota.
toes excellent. 1t is safe to say that this
years agricultural products viii repre-
sent at least one hundred million more
money than last years, at average prices
for both. In view of this great gain in
the actual production of wealth it is
natural to expect increased activity in
business and manufactures, but yet the
improvement has been but moderate.
This is in part because trade has
been checked by artificial prices. A
corner in wheat put the price for Sep
TENDER to $l.50 at Chicago on Friday,
and there is talk of higher figures, the
rise here being D cents for the week, but
meanwhile reports are not large and sea-
board prices have for some time been
relatively too high for foreign markets.
The operators in cotton also lave gone
SO far that English manufacturers have
begun to work short tim in order to
"break the corner" and in this country
the demand for cotton goods is slow and
conservative. Print cloths have declined
to BIT cents and each day the market for
| goods is reported more moderate.
In tbs same way speculation in wool
has checked the manufacturing demand,
4 for whj1a the Grnp1v is II n1nr1htalIy shout
the pressure of foreign goods at low
prices prevents an advance in prices by
| producers here.
In pork products prices have yielded
but little, and packing falls mach be-
hind last year, though the foreign de-
! mand has been fair.
Corn has fallen but l cent, notwith-
standing the great yield. At Kansas
City the market for cattle is overstocked
and prices are SO low as to check the
movement.
The boot and shoe trade Is large, but
efforts to advance prices to correspond
| with the rise in hides and leather appear
as yet to meet with little success.
The iron market is quoted stronger at
| Philadelphia, but weaker at Pittsburg,
and the Thomas company continues large
sales at unchanged prices. Southern No.
! is quoted at $18. 10 here, but fear of in
corruption, by yellow fever temporarily
affects the market. No improvement ap-
pears in steel rails, of which 10, 900 tons
were sold mainly by western mills, their
$50 being relatively lower than the cur
rent price, S2S, at eastern mills. With
several furnaces added to producing
capacity the prospect of maintaining any
advance In pig iron is not clear. Iron
and some other products would more
readily advance if railroad building
should increase, and the latest accounts
indicate substantial progress toward the
settlement of the Northwestern wars.
The reports Of the Pennsylvania and
the Erie recently announced, compare
more favorably with last year than pre-
ceding statements, and the Pennsylvania
has placed orders for more rolling stock.
Reports begin to be frequent that the
supply of rolling stock on many roads is
not adequate for traffic Offering.
i During the past week the stock market
has been stronger, gaining nearly adollar
per Share On the more active stocks, but
the advance has been mainly due to COW
ering of short sales, and much realizing
by foreign holders is reported, yet the
course of foreign exchange clearly indi-
Gates thai in the aggregate investments
of foreign capital in this country must
still exceed Withdrawals.
The report from interior points are
uniformly hopeful. Even those from
the regions disturbed or threatened BY
yellow fever in the south, express the
prevailing faith that frost will soon ter
inmate the interruption and that bust
ness will soon recover, by greater ac6iyi-
ty, what it is now losing.
h cotton crop is about three weeks
late, and forwarding is II further DELAYED
by the stoppage of traffic, and in many
quarters serious inconvenience is due
from the arrest of collections. At all
western points beyond the danger Of
fever business is reported good or i'm
proving, though rather more complaint
Of slow collections is heard.
Money Is generally in good supply, but
strin gency increases at Cleveland, and
the demand is strong at st. Louis and
Milwaukee. Kansas City reports loans
paid with unusual regularity, and money
Is easy at Omaha. The exchanges for
the last week show a gain over last year
of 9 per cent. outside of New York.
Foreign trade improves but little.
August imports exceeded exports by SILL
671, 352, and the excess for eight months
is SS4, Az, 298. From New York the ex-
ports for the past four weeks have been
4 per cent. below last years, with i'm
ports equal to those of 1887. The treas
ury continues to supply money freely by
purchases of bonds, taking nearly
$1,000, 900 on Thursday, and It's disburse-
ments for the week have exceeded its re-
ceipts by 3 ,2O0, 00s.
The fact,that failures continue In large
number for the season is not to be over.
looked, the September reports showing
about 700, against GA last year. Bust
ness failures during the last seven days
in the United States, is 176: Canada, "a;
total, 210-compared with 229 last week
and 1877 for the corresponding week Of
last year.
Favorable Business Showing.
New YoRK, Sept. 29.-Calcnlations