The Hot Springs star. (Hot Spings [Hot Springs], Dakota [Dakota Territory, i.e. S.D.]) 1886-189?, 1888-07-27
STATE OF TRADE:

Speculation continued quiet. The public has
been caught 90 often on the wrong side Of the
grain, cotton and provision markets that 1t is
not investing freely in any Of these commodi-
ties and TO . large extent the professional
operators are feeding upon each other. The
regular trade distribution promises gradual
enlargement as the season shall advance.
The crop prospects are steadily improving
and tend to promote q more hopeful feeling
as to the outlook for the fall trade. The
failures during last week throughout the
United States and Canada aggregated $40, a
decrease OF twenty-six from the figures OF the
preceding week.
A further advance Of 0-10 Of q cent per
pound In the price Of refined sugars has at
tracted general attention to that market dur
ing the week. Relners ascribe the advance
to the influence Of q heavy consumptive de-
mand and the scarcity and increasing cost Of
raw sugar, but back of these legitimate
causes Of strength IN the market IL the ma
nfpulstion Of the sugar trust without which
1t would have been impossible TO maintain
tue largely disproportiopate advance In the
price of the refined article. The rice
in the price Of raw sugar within the
week has been about SIG of a cent per pound.
Cotton prices have pivoted upon the pend
ing manipulation or August contracts in New
York and are ten points higher on the specu-
lativc market, and 3-l6 of u cent higher for
actual cotton as compared with the figures
ruling a week ago. Prices of 4 new crop are
but a tritlc flrner as the splendid crop out
look prevents an extension Of speculative
strength to deals sor delivery beyond August.
Wool is very dull and is likely to continue so
until congress shall act on the tariff question.
Dry goods are moving a little more freely by
cheap transportation routes to the west and q
toward tue close of the mouth, when jobbers
will more generally begin operations for fall
trade wants. The anthracite coal trade is q
little more active and In fairly satisfactory
condition for the season. Advances Of 10 to
% cents Der ton in the various sizes have
been made to take effect on orders that may
be placed after this week. There has been
no improvement in the general demand for
iron and steel products and the situation "a a
whole is unchanGcd; but indications point to
an early settlement of the labor troubles and
To- a general resumption of work in western
mills.
The price OF wheat has declined about 9
cents per pushel as a result Of larger
offerings and speculative short sales, encour-
aged by the prospect of early aud liberaladdi-
tions to the supply from the winter crop Just
harvested and by the continued apathy Of for
cign buyers. The government crop report
showed an improvement Of ~ per cent. In
the condition of winter wheat, and of 81 per
cent. in that Of spring wheat as compared
with its estimates Of the previous month, and
as the weather conditions since the cOlmpila-
tions of the official report have continued
very favorable it is probable that the final
omturn OF the crop will exceed earlier expec-
%tations. This view Of the situation has con-
tri5uted to depress the market. The unfavor-
able outlook for European crops has had lit
tie influence in the face of the continued slow
demand for export. So far as reported there
has been comparatively little of the new crop
engaged for shipment to Europe. The corn
markets have also ;ulcd dull and weak under
amdle supplies and in view Of the exception
ally favorable promise of the growing crop.
prices are 9 to 2iiaa cents per bushel lower than
they we've a week ago. The export demand
has been comparatively small this week.
There has been good distributing trade for
hog products, but exports for the week were
light. The English agitation against Ameri-
can refined lard that is mixed with cottonseed
uil or other compounds is havin, an u%ufavor-
able effect on the foreign demand.