Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-12-10
Weekly Trade Review
REPORTS FULL AND NOT ENTIRE
LY ENCOURAGING.
CONFIDENCE AS TO FUTURE
U~neasiness Felt in the South on Accoun
of Injury to the Cotton Crop-De-
mand for Money Large-stock
Market Depressed.

New YORK, Dec. S.-R G. Dun & Co.
weekly review of trade will say:
Reports of the condition of business
are unusually full this week, and not
entirely encouraging. With scarcely an
exception they note q confident feeling
as to the future, but a combination OF
many causest in different sections pro-
duces some slackening for the present.
The cotton crop was late and has been
considerably injured, and banks are car
rying unusually large accounts, but
prices do not improve, Much %uneasiness
is felt in portions of the south, and col
lections are not above par, while the
number of failures in some southern
districts is large. Memphis reports 90
per cent. more than last year.
Open and mild weather in the north
west causes uneasiness in some trades,
particularly in clothing and boots and
shoes at Kansas City and Milwaukee.
A lack of now delays logging in Wis
conSin.
Exports of breadstuffs are still pre-
vented, and the heavy production of iron
causes hesitation, yet the volume of
business is large, with speculation by no
means heavy.
The money markets are not now dis,
turbed, though the demand is large, and
rates at interior points firm. In nearly
all quarters the supply is ample. for le-
gitimate business, hui 7 and s per cent.
is paid at many western centers, and
per cent. per month at Salt Lake. The
treasury reports show that the currency
in circulation, though 81, 700 900 less
than on Nov. |, was about S37, SOC, 00u
larger on Dec. J than a year ago. But
A., vi N rr 4 Ga ppot rranI tIa I-o
taken in 50. 400, 900 more than it has paid
out. Moderate exports of gold cause no
disturbance; foreign exchange and rates
for money at New York have been
steady. The clearings of banks in No
vember were 4.5 per cent. below last
year, but with allowance for speculative
transactions the payments of other
origin appear to have been somewhat
larger than last year.
Foreign trade is better sustained than
could naturally be eXpectedi in view of the
arrest of the breadstuffs movement, and
the popular decision adverse to a change
of tariff policy. Imports for five weeks
at New York have been only 3. 6 per cent.
smaller, and exports from New York
only 30 per cent. smaller than last year.
Yet exports of wheat from Atlantic
ports were only 299, 9Ss bushels. against
3, lS0, T63 in the same. weeks last year
and OF -four HHS, 297 barrels, with an in.
crease of l,345, 900 bushels in corn.
Wheat broke sharply, butclosed a shade
higher then a week ago, corn &c lower
and oats unchanged.
Pork is SOC lower, and hogs zoe per 10(
pounds.
The exports of cotton in November
were 35. 1874 bales larger than last year
and the price has been steady.
Oil has risen &c, coffee &c, and hides
have declined &c.
The coal market is dull, and actua
prices 25 to SOC below the schedule.
Wool has again advanced, the fine,
grades more than lie, since the middle o
November. The average of l06 qualities
according to the circular of Coates Bros.
is 24.sc, against 24c Nov. 13, 23c Oct
is, 81 1c Dec. 1 last year, and &c. Sc Dec
1, 1886. Thus the late considerable ad
vance does not put prices as high, on the
whole, as they were two or three years
ago, and yet, with goods at present
prices, it is q question how largely man
ufacturers can afford to consume. The
belief that the clipand the stock on hant
have been below estimates, grows NOR
prevalent, and perhaps the expectation
or congressional action regarding the du
ties onimported worsteds may have som
influence. 1
The stock market has been depressed
in spite of agreements said TO have beer
completed to advance and maintain west
bound rail rates. On Wednesday, tn
average of lowest sales for sixty activ
stocks was but $685. per share agains
s60.29 Dec. l, and $50. 90 Sept. ~. Wan
of confidence in arrangements of railroa
managers prevails, and foreign holder
appear to be selling gradually. Tie In
crease in failures towards the close @
the year is not unusual, but in some le
califies also seems to be increasing
Business failures during the last seye
days number for the United States, 26f
Canada, 42. Total, a05, compared wit
232 last week and 254 for the correspond
ing week of last year.