Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1889-01-21
BUSINESS RETARDED.
The Unusual Mild Weather Has a
depressing Influence on Trade,
A BAD OUTLOOK FOR IRON.
Wheat AMI Other Cereal, Have a Down
ward Tendency and Provisions N.
Lower-coIleetions siow-Busine,s
Failures for the Past Week.

h
Lower-CoI1cetions siow-Busimess
Failures for the Past Week.
New YORK. Jan. 19.-R. G. Dun &
Co.'S weekly review of trade win say:
Mild W eather still retards business and
| the practical effects of the secret
| agreement Of railroad presidents and
bankers begin to be better understood.
| 1t is seen that an advance in rates has
| already checked, for the time, distribu-
| ton of products; that is, it increases the
one difficulty which had ~beclouded an
horizon otherwise clear. On the other
hand, anxious manufacturers III their
own and other connected industries,
when searching for Signs OF enlarged
consumption are forced to notice that
the agreement of bankers, in effect that
they will discourage the building of
more competing railroads, does not
promise large increase in the demand
for iron. Last years productions of rails
was one-third less than the produc-
ton in 1887, making a difference of
more than 100000 tons in the demand
for iron, and yet the new year begins
with a weekly production, according to
The Iron Age, of 154, 1897 tons, charcoal
hpii iiiNioNkSh, GA iASl IsSS VI u,fCoE II
December. The Immediate effect
in the iron market is a weakening of
prices, and southern irons are still Of
fered at SOC less than similar eastern
grades, though the latter are about SOC
lower than a week G for foundry
grades. Ban iron, except the best, is
exceedingly dull, and it is again stated
that steel rails can be had at prices equal
to $27 at the mill. the sales thus far for
1885 being only 444,3S1 tons.
The coal market is also dropping and
there is a complaint that rates are cut
by individual operators and that re-
striction fails to restrict.
The copper market is rendered stag
nant by the report that the syndicate
holding 145. 900 tons Jan. /, will Try to
get a ..metal bank" to assume 10000
tons and contracts for two years to
come.
The tin market is dull, but lead is firm
Low prices for boots and shoes are ex-
planned by the announcement that ex-
isting shops could supply 100, 000, 600
people, having to reduce the output to
the wants of 80, 900, 900.
The movement of dry goods is greatly
retarded in nearly all parts of the coun.
try by the unreasonable weather. and
while sales Of woolens are but moderate,
there is no animation in cottons. though
prices are; firm.
me open "'nter anects marketing
oI by country merchants n also
retafds marketing OF products. by far
1lers' ana therefore COLLECTIONS, SO
tha1 cohlPlallts Oh si9"ness are nue.
more numerous. bnt the money
markers at s~Hpstantlany an points re-
borting are Wen supplied ana easy,
Inough az solhe ttle ~aeP3ahdsls good
WINE aceual guinness Oh trade is com
plained OF occasionally at most points,
business Is calied aniet or fa3r Tor the
season. But the light demand at pres
sfttoT IA" Wooi or copton G mo pre-
Seht frinness OF prices, since holders
laye sient ~hae that
I'm M WI. piesei.ty ouy more iioeiaily'
nv Nieae spseuiatioi mas agaiii tend-
~ aowilMafa ,ne REPORTS from the At
,aneio poles y sA Meehs past haVing
peen Enisnoaliellaly snlaii. ~ the iighl
~ oln,eian iepoits, W esIi!latea thaP
lne sulpit i9 e1poic curing tie fe.
hlaiiiins ~ "a t NE a5dnooP yeag
nass ~. aoous 1,oou'oV ~ o ousl neH Jan
~ Wiz plif a1eu. to,ouo' wv oast-
= msle VI ne aoiiic eo oae o droii when
Inpoi.a raw peen e,Vou,ooo pushels
saiSst iail iase yeal 70 aate. Wheat
,,,ool,. no,,l- looI;,aJ oEa. -.
LA o5 po : ton NV, nj ~ pd, pallei, ahu
,a ~ H. PEI a , ~ vs. - o. 1he pu..eI nlarse5
sn am,i IaatI,ar anu any o s1nSt1 ZEE len
a., tha otha. Iand ,ta eoa s.si,as seemed.
eaah a,, ainh+h ht VIZ, uomee ath co.t9n aIe
sa1as - p III M = s.lons1i VIII ilooe!aIe
1ands dawnwa o tha FL l1iase u prices
san;nn baan a en na ia,i siitoe Jan.
tba a],sie1asa , bsel ! pei een'.' mainly III
~ n.y. al,. 1850 aposs speoiieui