Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-01-06
/ T~WELVEMONTH'S TRADE
r. c. DUN & cos SUMMARY FOR THE
DYING YEAR.

A Resume of the Financial and Indus
trial Movement Through 18s7-The
Present Condition of Airuirs and the
ontionk for the Future.
Dun & Co.'s years review: A year
Of enormous business closes with a little
more til N the seasonahle dullncss. Trans
actions much beyond the average in Sep
tember and October prepared for some
slacken ny of trade in November and De-
cember, which has been increased by
tariff uncertainties, by several strikes Of
importance, and by q speculative adj
vance In prices. Unusual pressure for
money during the fall, on the other
HIND, caused adjustments which pre-.
vented severe pressure as the year closes,
and except at a. few western
points, thu money markets are COM
paratiyely easy with collections at almost
all points reasonably good. Holiday trade
has generally been large, and the recent
change in weather brings greater activity
in some branches. But the pending
strikes and controversies about wages,
and uncertainties as to the future in
opiio VI piG ihtkGSt ihudSoilCS, OPCtdV0
~unfavorably. Ease of money and belief
that the Reading strike would not last,
helped stocks to improve until Thursday,
when the day opened with some reaction.
Hopes of activity and advance aflel New
Years sustain prices, but the great
movement of foreign capital hithe1 for
investment, has ceased, at least for the
time, In November, statistics indicate
that the outgoings slightly exceeded the
incoming goods and capital. In Decem-
Der, exports at New York LIZ per cent.
below, against imports IL per cent. be-
low. Indicate that at least $15, 000, 600 in
| goods u cash have probably gone
abroad, and foreign sales have exceeded
purchases OF securities. If continued
this movement will affect the placing Of
securities for new roads, and thus in1u-
encs great industries.
The dying year has seen IL, 724 miles
of railway finished, making the mileage
for the United States $50, 715, but
changes of freight rates in the west tend
steadily downward, lessening the pros
per ) fes building next year. The Penn.
sylvania reports a decrease Of $17Q, 900 in
net earnings for November, anS the Erie
a decrease OF 1874, 1913. The iron industry,
after the largest years output on record,
lAo AuPAuAy SothlbS aOWh ~ ~ OuQIUlOus
prices. and at many points, wages. The
Thomas company is expected to announce
sci as its price for the best iron. Since
March the average of all grades at Phila-
delphia has declined SLAP, and. of rails
&c. Sales of 20 1000 tons Alabama and
Tennessee iron are reported, but no sales
of rails, for which e years orders
cover only zoe, 000 tons. The Western
| Nail association lowers card rates fr3m
3 2 .25 to SO.
The cotton industry records for the
year larger productions, sales, and Profits.
than for 1885, and the year closes with
an excellent demand, stocks we'll cleared
up, and many makes sold well ahead.
But the wooden manufacture Is de-
scribed al having about the most unsat-
isfactory year it has ever experienced,
with business smaller and profits smaller
than lastsyear. The foreign agents are
again offering heavy worsted 5 to 10 per
cent. below last years prices. Enor-
nous importations have left a large
stock of DIRE s goods on hand. Over
coatings are moving fairly, mt fine
dress goods slow at 8 to TO- per cent.
decline, The sales of wool at Boston for
the last quarter fall rs per cent. below
last year. Coal production has been the
4 "a 6Sct VIZ tCAOAAA5 ~ tliO lac CiOSEE
with some excitement, the Lehigt
strike continuing while dispatches af.
firm that the Reading miners will strike
January /.
The grocer trade has been very largs
for the year, and closes with fair aetiy
ity, Notwithstanding the speculation II
coffee n the rise in sugar following re-
ports of a decrease of 40, 600 tons In the
beet. product. Provisions hold the re-
cent Advance. Beef is again a shade
lower, and there has been a rise of &c In
oil. Cotton, in spite of small receipts, Ii
q shade lower, but breadstuffs have
risen-wheat and corn about 1c each.
The treasury has added STA, 900 to itf
deposits with banks and $3.50, 600 to thei,
circulation during the week, 1t has now
increased their circulation of coin an6
paper about 1854, o00, 900 since July, and
$l40, 000,090 since July, 1886. The in,
complete returns of clearinghouse ex
changes indicate m aggregate for tn,
year exceeding $51, COO, 000, GOO, with
gain OF about 4 per cent. over last years,
but November showed a small decrease
In December the decrease in payments
has been considerable.
The years return of failures reported
tor. G. Dun Il Co, show q decrease o
200 in number for the year, but q iarg,
increase of $53, DOC, 900 in liabilities a
follows; 1857, number failures, 9,6S4
liabilities, $167, $50, ga; average, $l7, 392
In 1885, number Of failures, 1884; lila
bilities, $114, GA 119; average, $l1, 651
The returns for the Dominion Of Csnad
show 1852 failures, with $40, 31l, 745 lid
bilities; average. $t1, sos. The failure
in the Dominion were one In every fifty
four persons In business. In the Unite
States they average n In eytry Ill pei
sons.
DAKOTA COMBINATIONS.
Hay is selling at SIG to SIT at Dead