Evening capital. (Annapolis, Md.) 1884-1910, 1889-07-13
CONDITION OF TRADE.
All Indications Point to Continued
Prosperity.
COMMODITIES MOVING UPWARD

NEW York, July 13.--R. q. Dun e
Co.'S weekly review Of trade says:
Substantially all the news this week has
been favorable to business prospects.
The official crop report for July was
not only an insurance Of large yield
but evidence that the reported injuries
70 wheat cotton and corn had not been
as serious as many believed. Gold exc
ports were stopped by slackening Of the
foreign demand and decided improve
ment here in the offering Of commercial
bills. The treasury has put out money.
more freely and the demand from the
interior was not without change Of rates
here. The railroads made great pro-
gress, apparently, toward the settlement
Of their controversies and the stock mar
Ret took an upward turn on Thursday.
wheat and Corn Advance.
The government report for July in-
dictated a yield of $4,000, 900 bushels of
wheat with further Information that
rains had made great improvement since
returns were gathered in Dakota and
other localities where dry weather had
reduced condition most. 1t seems pro-
bable, therefore, that SOC, 000, 600 bushels
viii be added to the large stock carried
over, and the market broke sc Chicago
and here on the arrival of several train
loads Of new wheat. The closing price
is still higher than a week ago, but the
fear Of climbing speculation in July
seems to have vanished. Sales here
were only 1S,000,000 bushels for the
week, and corn, on sales of only 4, ZOO, 900
advanced cent.
Cotton and Coffee.
Speculation in cotton was not helped
by the cotton report nor by the embar-
rassment of a Liverpool operator who
had also taken too much sugar and lost
thereon, but closed an 1 higher for spot,
with sales Of 211, 900 bales.
Coffee partly recovered from the late
decline and sales reached 362, 900 bags,
but the doubt as to the interior demand
for consumption is as chilling as ever.
Pork products have been weaker. but
without great changer and oats 1sc.
lower.
The Rise in OH.
"A rise OF nearly a cent in oil is partly
explained by the official report that ex-
ports for the past year have been the
largest ever recorded.
The average OF all prices OF commodi-
ties has moved upward Il per cent. dur
ing the week. The reports from interior
towns shows that while the usual mid
points is even greater than usual. The
confidence in an early and large fall
trade grows stronger. Collections have
improved where there had been most
complaints and the latest accounts are
more satisfactory than usual.
Money Is Easy.
The money markets are fairly sup
piled and at nearly ell points easy, with
only moderate demand. But while of
ferings Of outside paper at Boston are
not free and there is scarcely anything
doing in manufacturing paper, rates are
sustained. At Philadelphia there is an
upward tendency, though the present
supply Is ample. At Chicago, banks
have been so far prudent with an eye to
probable commercial demands in the
near future, that brokers are calculating
the rumor that q banking trust has
been formed, though outside money
does not appear to be 0btainable at bet
ter than s per cent. The indications
point TO some monetary pressure this
fall unless the treasury succeeds in dis
bursting freely.
Tho Iron market.
The great industries on the whole are
i'm better shape, though some signs of
danger are discoverable. The weekly
output of iron July was 141,4 All tons,
an increase of 400 tons. the. furnace
temporarily stopped by the Johnstown
disaster having resumed and it is known
that other furnaces of considerable ag-
gregate capacity viii soon resume, but
the market is clearly stronger and some
southern pig recently Offered in vain at
$3.50 has been sold nt SIT. Rails are in
better demand, with rumored sales
amounting TO $4,000 tons, and S2S IS
now the bottom price. But the great
strike at the Carnegie mills, accompanied
with violence at the very outset, may
lead 70 rather extended disturbance Of
the industry.
Wool Unchanged and Coal Irregular.
Wool is unchanged in price in eastern
markets, but the persistent conservatism
&c manufacturers, who are buying only
for immediate necessities and running
only part force, begins to have effect
and weakening among Ohio holders Is
reported.
Coal is irregular in price. stove being
sold at 81. 10 To S4.25, but operators are
confident and the demand seems to inn
prove.
The Stock Exchange has been strength
ened By very favorable accounts Of ne
quotations between railroad managers,
who appear to have settled the difficult
ties as to eastern trunk lines and to have
made some progress toward amicable adj
3ustment of western controversies.
Business Failures.
The business failures occurring
throughout the country during the last
seven days number for the United
States, 19l, and for Canada. is, or
total Of 200. as against total Of 20l
last week and go the week previous to
the last For the corresponding week
OF last year the figures Mere $40 made
up Of 2l0 failures IA the United States
md 124 in Canada.
ME Fire i Koenirsburr,