The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1889-10-03
WEEKLY TRADE REVIEW,
WHAT DUN g. co, HAVE 70 SAY
ABOUT THE COMMERCIAL WORLD,

ABOUT THE COMMERCIAL WORLD,
Trade More Active In the West an Account
of the Colder weather. Manufactures
imprpying-An rpWaFd Tendency Ia
tho Price of iran and steel - Coal
stronger and the supply sci Eluai ~
the Demand,
NEw YoRR. Sept, es, u, q, Dun a
Co.'s Weekly Review Of Trade saysi
business indications this week are gen
orally favorable, Throughout the north
west colder weather has made trade
more active and NJ the east improving
and heavy export trade
business Of all kinds, The OK
ports from New YorI, for -four weeks OK
eeed last years hy e5 per cent, and a
like gain elsewhere would mean an eN'
cess Of exports over imports for the
month approaching SO,OoO,0Ol, for the
Increase IN imports here hnA been but
o l'e per cent llut that excess would
not meet tho month'a allowance for IN
tereHt under Valuations and freight
charges, 10 that foreign exchange has
advanced during tho week half q cent,
The Bank Of England has raised Ia rates
from t0 per cent, and that bank lost
tsii, 900 specie ior the week, the Bank
Of France also losing aee15,O 900 and the
Bank Of Germany 5e,leiOOO, These
evidences Of foreign demand, with tho
low state Of reserves At New York, rem
der the monetary future less clear and
the rates for money have advanced dur
Ing the week fully ! por cont on call,
with increasing caution la commercial
loans,
Ample supply ot Money
The treasury haa helped during the
weol, by dIbbuaIng be 10000 more than
Il has taken In, aud tho reports from In
tcrlur points ull Indicate an ample sup
ply Of money tor legitimate needs and
no Htrlngency, The demand has been
more active at Philadelphia, Chicago,
Cleveland, Detroit Kansas City aud
Milwaukee, but the supply h atill auili'
Client and collections are on the whole
improving The volume Of business Is q
little below last years ~ Boston, st.
Louis and few smaller places, but gen-
orally much larger tho aggregate Of
bank cleurIng outside ut New York
showing o gain Of nearly per cent 49,
only u per cont at Boston, Philadelphia
and Chicago taken together but I pot
cent, ~ ull other points
Tho stock MARKET
Until Thuaday tho stock market had
been comparatively inactive, though not
declining, iut d sharp advance haF
since appeared, putting the average Of
prices fully 10 cents higher than u week
ago, The heavy earnings shown by the
ronnWlydniu In the monthly statement
for August had some Influence, aud pOr
hnps the withdrawal Of one or two
roads from the cut rate arrangement
with tho Burlington and Northern, But
II u now announced that the fnnaylyu.
MIA has reduced utos 90 SL Paul "a meet
the cut, aud that tho Wabash and some
other wcatwn roads nlH1 JON la the
gtrugglo, extending the low rate area,
ROpurs Of foreign buying of securities
are circulated, bat the market seems
still mainly confined 10 professionals,
though ia advance UhUuld indicate
stronger confidence ug tu the monetary
future, and also us 10 early butllcmcnt Of
rates,
other Markets Improving,
Manufactures ere clearly improving,
At Boston Mlus OF wool have been
a,0s00DO pounds for tho week, with
prices about steady, and ting demand h
more active, At Philadelphia manu-
fnolurum are also buying, though with
caution. No present change h noted In
the dry good, market, which, indccd,hO'
been less active since the storm, but
thurc H. growing confidence that the buui'
ness is going to Improve,
The demand for iron aud steel still
meets the very large supply, Nnd the
changes In price are 0ll upward, PiP
iron can still bo had ut $500 for south
cm and Sli for northern No, |, $40 ior
No. aud Sli for mill, but from 81 Ia
$l,5O moro is paid (or prolcrcd brands.
BloOml have advanced 81 bar plato and
structural mills are busy, and while $50
h asked for rails at all cnatcrn mills and
$50 quoted NJ Philadelphia, such prices
ARE not yet established by, considerable
sales, At Pittgburg S8l,5O " quoted and
NJ Chicago S38j the risc from the lowest
point has been S3 NJ the east aud 81 1T
the west, The scarcity Of manganese
ore, which has risen 80 NJ Pittsburg, h
an important element,
L.. al an T..
mand does not yet meet the supply,
Copper has been q shade stronger abroad,
but dull here NJ cents for lake, and the
preparation 20 refine the largo Anaconda
output by olootrulytic process promises
20 greatly inCrcuSc the supply Of tho
better qualities
Advance In wheat.
Wheat has risen 9 N.S cents during the
weok ON sales of 100000 bushels,
Not because Of larger foreign demand,
but because the supplies coming from
farms do not grade 80 well and are not
30 large Os was expected The price N
low at the best, but there Is nothing ns
yet TO modify the belief that the supply
for the year will much exceed all de-
mands Corn has fallen over ono.hall
of cent and outs oneiourth Of u cent
with moderate trading. Tho Liverpool
corner In cotton is threatened by general
stoppagc Of mills and rapid movement
from American plantations, port receipts
thus far exceeding last years by 10000
bales aud exports by $1,000, nnd the
price has declined throc.siXtocnths.
Coffee 10 n quarter lower on sales Of
$4,000 bags, and oil cent lower on
small trading, Pork products are rather
stronger and butter . cents higher Tho
general tendency Of prices Is upward,
though tho advance for the week has
been slight, but the aigns Of greater
activity in all directions arc encourage
ing, and the only mIayorablo symptom
is the uncertainty az TO the monetary
supply,