Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-09-24
Weekly Trade Review.
ANOTHER INsTALLMENT OF THE
SERIAL BY R. G. DUN & co.
THE WORLD OF BUSINESS.
The Volume of Legitimate Trade Contin-
ues to Improve with the General Aver
age of Prices Slightly Lower-The
Market-The Crops.

NEW YORK, Sept. Or. G. Dun 81
Co.'s weekly review of trade will say:
II has been a week of sensations in
stocks and of moderate trading and
changes in other speculative matters.
The volume of legitimate business CON
tinues to improve, though less than
many anticipated. Crop reports are al
together favorable as to corn, but less
clear or satisfactory respecting wheat or
cotton. The general average of prices
has again declined slightly, and the fall
since Aug. 81 is nearly per cent. the adj
vance in July and August having been
about "a per cent. In stocks a severe
reaction, averaging So per share, Gull
minated last Saturday, and there has
since been an average advance of 81 per
share, with a rapid rise in some securi-
ties that had been sold for future deliv-
cry on foreign account, or otherwise.
Bankers are somewhat disappointed
because the movement of products and
the demand for money do not increase
as rapidly as reports of large crops had
let to them TIC expect. But the crop,
which is most important in railroad or
financial aspects, is not large; the yield
of wheat is eighty to ninety million
bushels short of full crop, with much
uncertainty and very contradictory re-
ports about the outcome in the spring
wheat regions. Heavy rains late in the
season have also injured cotton, certainly
to some extent as to grade, and probably
as to quantity, though no accurate esti-
mate of the injury can yet be made.
That crop is unusually late also, inc in
parts of the south the disturbance caused
Lr ral1ntu favor iptarrunto nrnrotinnS
Official reports show that the money
in circulation of all kinds was about
81, 3t1 900, 900 Sept. /, against ST.
321, 900, 900 a year ago, and the treasury
has put out this month about 50, 200, 900
more than it has taken in, besides adding
to the circulation the amount of gold and
silver coinage for the past week. Addi-
ton tothe circulation has been So, 200, 900,
! and on Thursday So, 760, 900 more bonds
were purchased, 100 being paid for 4
per cents. The reports from interior
points show that money is generally in
ample supply, though there is some
closeness at Cleveland and Detroit. Col
~lections have SO far improved that COM
plants are now very few. For specula-
ton money here is in abundant supply,
but for commercial uses the market is
growing harder.
Business is fairly active at all interior
points reporting, and at most it is better
than a year ago. While the principal
centers report good and increasing trade,
the accounts from several of unusual
dizziness at the smaller towns in regions
surrounding suggest that distribution
may not be answering expectations.
1t is still noteworthy that a feeling of
| great confidence as to the future prevails,
and the iron market grows harder at
Philadelphia, though the Thomas COM
pany still sells at SIS for No. /. Coal
moves largely on past contracts, and the
years output thus far is 8 per cent. in
excess of last years, to date.
In wool prices are a shade higher, but
the speculative demand has abated.
Foreign trade has improved a little,
but exports for the past three weeks,
from New York, are 8 per cent below
last years, while imports here show an
increase of 9 per cent.
The stock market has been agitated by
the failure of St. Paul to pay a dividend,
mentioned a week ago, and by the
prompt formation of a syndicate of for
eign stockholders to. defend their inter-
ests.
Business failures during the last seven
days number: United States, 200; Can
ada, rs. Total 22S, as compared with
217 last week and 1873 for the cores
ponding week of last year.