Evening capital. (Annapolis, Md.) 1884-1910, 1889-06-29
THE WEEKS TRADE.
Large Transactions and Active
Speculation.
ENCOURAGING CROP PRosPECTs

The Grain Outlook In the Northwest
Continued Depression In the Anthraclts
Coal Trade-Renewed Confidence In the
Iron aiarlet--Thc Weeks Failures.
NEW York, June 29.-R. g. Dow q
Co.'S weekly review of trade says: IL
has been week of considerable excite
ment in speculative circles, and of heavy
general trade without material change
in conditions. As all depends in large
measure at this season upon crop pros
poets, it is most encouraging TO find the
reports in this particular unusually fav-
orable, the only noteworthy exception
being that some damage TO cotton and
grain from frequent rains is reported at
Galveston. In the northwest the grain
outlook is particularly fine, great im-
provement being reported in quarters
where there had been some apprehen-
sion, with crops of unusual magnitude
highly probable, and with the general
volume of business so maintained that
an increase of 80 per cent over last year
appears in clearing house returns, the
market is not gloomy.
Favorable Reports from the Interior.
The accounts from interior points are
decidedly favorable. Detroit notes quiet
business, and Kansas City and Omaha
report fair activity. At Milwaukee i'm
provement is seen, with greater activity.
At Cleveland and Pittsburg the iron and
other trades continued to mend. The
glass factories have about all closed for
the summer, it Is thought, with stocks
not too large to meet the present de-
mand. Coal mining on the Mononga-
hela Is dull and it is expected that agi-
tation against company stores Is to bo
commenced in that district soon. The
money markets continue amply supplied
at all points reporting, and while the
demand is generally rated as moderate
or only fair signs OF disturbance are
wanting.
Boom In OIL.
Speculation has been quite active,
especially in trust stocks, grain, coffee
and oil. A sudden boom In oil has lifted
the price over 8 cents, and has caused
some speculative failures The refined
has been advanced 80 cents per 100 gall
Ions. Wheat has advanced 2 cents with
sales of "a 900 900 bushels on Wednes-
day and 81, ,0O0, 900 for the week, but all
accounts of harvesting thus far are
satisfactory. Corn and oats have de-
clined each a fraction, and coffee is still
sold heavily transactions for the week
reaching 100000 bags and has declined
II cents. Pork and pork products are
all little stronger without definitely as
signable reasons.
Coal Weaker and Iron Stronger.
The state of the anthracite caaI trade
causes some hesitation, for the trade Is
dull and weak and production in May
appears to have been 10000 tons more
than in the same month last year. Sales
much below the nominal price are re-
ported.
In the iron business there is a strong
feeling at all points with quotable inn
provement in some grades, especially OF
mill iron. But bar does not improve ac-
cording to expectations and rails are not
changed in price nor are large transac-
tions reported. At Pittsburg and Cleve-
land the stronger feeling still prevails.
The Money Market.
The money market has suffered to
some extent here, as is natural after the
heavy exports of gold. But the treasury
has paid out during the week about
$1,000, 600 more than it has taken in, and
there are accounts of continuing receipts
from the interior. At Boston the rate Is
decidedly frmer, but there is not here
observable an actual strinRency. Nor
is apprehension noticeably influential.
Indeed, it Is one of the phenomena
which most deserve attention that there
is generally prevalent feeling Of cC..li-
dent indifference to changes OF the
money market, apparently based upon
faith that in any event the treasury will
control the situation. The exports Of
merchandise for four weeks have been
about 13 per cent. above last years.
while. the merchandise imports for the
month thus far show a small increase.
Business Failures.
The business failures for the past
seven days are: For the United States,
1S4, and for Canada, 81, or total Of
215, as compared with 22O last week,
and $50 the week previous TO the last.
For the corresponding week Of last year
the figures were 2O1, representing 170
failures in the United States and 20 In
Canada
An Ohio ClOudburst.
AKRON, o., June ga cloudburst
occurred over this city and two inches