Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-07-30
Weekly Trade Review.
CONDITION OF TRADE REPORTED
BY THE DUN AGENCY.
IMPROVEMENT CONTINUES,
The Iron M~ovement-stocts
Reports of Domestic Trade Enoour-
aging-Foreisn Trade Speculative
Observation-Disclosures.

NEW YORK, July 2s.-R. @. Dun &
Co.'s weekly review of trade will say:
The improvement continues, as crop
prospects are still good, labor troubles
diminish and prospects of a change OF
tariff lessen. The decision that senators
will mature a bill is generally supposed
to insure no agreement at this session.
The collapse of the Western Iron Man
| u]facturers' association has set nearly all
the mills at work and makes pig iron
! firmer, but bar iron weaker. The official
report shows a decrease of BAT 900 tons
in the output of pig iron for the half
| wear. with an increase of 6S, 124 tons in
stocks unsold. Southern states pro-
duced 433, 1906 tons against 49,, $50 for the
last half of 1887, with ID, 1876 tons more
| unsold, so that the great increase which
was expected in the supply from that
quarter has not yet been realized. The
decrease in Bessemer pig production was
3S2, 553 tons, and in rails produced $751;
1923 tons, so that the production and con-
sumption of other iron was fairly main
tanned,
Stocks have been strengthened by q
decision arresting the enforcemGSst vt the
Iowa rates, according to rer ~
broad ground that legislatrS
power to fix such rates thu
can not earn fixed charges an
for dividend besides. Wars
not cease, and Interstate declsN
many important cases are deferred. s.uvt
net earnings of eighty-two roads in May
showed a loss of 8.4 per cent, though
their gross earnings gained "a per cent,
and the gains in gross earnings for July
have been less than half rs large. State
ments show that 2,428 miles of road
have been placed in the hands of recsiy-
ers during the half year, with $153, $780,
900 bonds and stocks, against only 429
miles and $2S,2 00, 900 bonds and stocks
for the first half of last year. But the
average price of stocks has risen about
$1.40 per share, though less strong of
late.
Reports of domestic trade are almost
uniformly encouraging, for, though dull
ness yet prevails, improvement appears
at many points. The clearings at all
cities exceed last years by 10 $40 per
cent, and outside of New York by 5%
per cent, with larger gains at Boston,
Chicago and New Orleans. The COM
plants of slow collections increase, how
ever, especially in connection with dis
tribution of manufactured goods, and the
''cornering'' of the Sugar Trust by
spfeckles mas taken the Pronts from that
Graue tos gfocers al ~hlladelph and
flttspurg. bebter ieeIn@ appears In the
metal branches, az baltimore and De-
trolt IN dry goods n boots n shoes,
u eastern manufactures are still re-
tarded by tariff uncertainties.
foreign trade 1or june showed imports
exceeding exports by sle,so6, 54o, and for
the halt-year the excess was s6l,46e, 22O.
Agalnsb tnis Inc net exports OF gold ana
silver ior the half-year were Sl1,4SS, oSl,
SO that When interest ana undervalua-
lions are considered, the movement of
foreign capital This way appears to have
exceeded slV0, 000, 700 for the h~alf-year.
Inc TACT that foreign exchange is low
~ declining, and money so abundant
that per cent. has been the ruling rate
on call, makes the conclusion inevitable
that foreign buying of securities and
lending in this. country have not ceased.
h exports OF merchandise from New
York in July show a decrease of s per
IN value, against 1 per cent. in
crease in imports, and for the past year
exports have been smaller than in any
other year since 1878, except the year
1906, While the imports ave only been
exceeded IN \ year-lSSl-2-and then
speculative markets are not active,
and yvhaaT hnC nhanGrn1 hut LfttJo (~--