St. Landry democrat. (Opelousas, La.) 1878-1894, 1888-09-15
TRADE REVIEW
Dun's Weekly Review - The Situation
Healthy and d Marked ImnrnXement.

Healthy and Marked Improvement.
NEW YORK, Sept. 8.-R. 6. Dun e. Co.'S
Weekly review of trsHe Says: Wool and
iron industries respond at last, though
with some hesitation yet; to the stimulus
! offered by good crop prospects. The in:
creased deniand FOR wool is shown in the
higher price for nearly all grades. Coates
circular for September reports consider
able speculative feeling and the average
of 108 quotations rs now 22.7 cents against
21.7 August t. There has been a distinct
improvement in the purchasing by ftieIiu
facturers and iii dress and knit goods more
activity. The demand for cotton goods Is
1T present comparatively light and
irregular. In the iron trade also 81 inl=
proving demand is felt in all directions.
excepting in the market for steel rails.
Pig iron Is frmer and though some South
ern iron IS still offered below current quo=
tatl0ns, and four new Southern FURNACES
are to begin work this month"; the tone is
irmer. At Pittsburgh, advances of 90 to 90
cents per ton are reported: Bar and other
finished iron is stronger there and at Phil
adelphia and some speculative disptsitioH
in the pig iron markets is noticed. Cleve-
land also reports an improved demand for
Ere and bRttef prices. The deliveries Of
steel rails for eight months Of ibis year
have been only 7l0;502 tons, against 1;04JJ,r
04S last year.
The speculative markets are higher
wheat nearly one cent, with sales of 3d.
900, 900 bushels-and corn about cent, in
spite of excellent reports as to the probable
yield. Cotton has risen nearly half cent,
thongh thn best recent reports from Texas
as to the yield are eOiifir1ed. The eotfee
market is half a cent higher, with better
demand. Oil is IL cents stronger and
foreign hides half cent higher. Sugar
had advanced sixteenth and lard nearly
hail d CENT, though other pork products are
steady and hogs 10 cents per 100 pounds
lower. The stock market has shared the
upward tendency, showing an advance of
about half dollar per share since week
ag6. The gross ear,iings Of railroad ee1'-
tinue encouraging. The wars Of fates
do not cease and the decentralization is
such that the trunk line pool and the Cen
trail Traffic Association have practically
ceased operations. Weakness and selling
in important Western stocks continue, but
the marked improvement in the coal trade
helps many stocks. The situation does
not stimulate tie demand for securities
offered by projectors of nett roads, nor do
returns of foreign trade promise the i1lls
ports Of gold which are usually expected
in the fall. Exports from New York fall
81 900 behind last years for the last
week reported and IA per cent behind for
the past five weeks:
The actounts from interior cities contin=
ue decidedly favorable. AS to collections
also, while some complaint appears, the
general tenor of reports is more favorable.
The increased demand for money has
caused some closeness In the market at
Baltimore, Cleveland and Nashville; but
at most points the supply is ample. The
treasury nas :ahen i'll during the !:eek
y, 000, ,04Q more than Il mas paid out, but
the payments for $16OO0,000 bonds par
chased have not yet been reported. The
business failures number 224, as compared
with 226 for last week and 214 the week
previous to the last. For the correspond
ing week of last year the figures were 174,
and % for the Dominion of Canada.