, 1889-08-29
THE STATE OF TRADE.

X. q. Dun Il Co.'s weekly review of
trade reports that business prospects
continue encouraging. The increase of
exports and tho prospective rise in
brcadstuils has been checked. Interior
cities report an increase In tho volume
of trade. Later crop news sustains gov
cfnment advices and estimates as to
cotton, corn and oats and strengthens
the prevailing impression that the
August report as TO wheat was less ia
vorablethnn the actual situation. Tele-
graphic reports from interior cities
all agree that the crop pros
poets are excellent and that
the banks are as yet amply supplied
with funds. While the demand for
money is slowly increasing, and lendere
are little more cautious at sornc
points, there is no reported change of
rates ut any western center, and scarcely
any quotablo change at Boston or New
York. With sales of only 1000, 600
bushels, wheat advanced cents, re-
acted. and closes only half cent
higher than week ago. Corn, with
sales of 5000, 600 bushels. rose nearly
cent, but closed with only quarters
advance, oats retaining the rise of three
quarters. The Bureau report cncour.
aged some speculation for higher prices,
but 1t was soon seen that IN Any case
the supply of wheat would probably ex-
coed all home and foreign demands.
Wool is dull, dealers waiting for an
advance, and manufacturers for a fall
In prices, thc mills meanwhile working
much below their full capacity.
But there are some signs of
Improvement in the clothing trade
Copper is strengthened by re-
ports that the syndicate of pro
duccrS has become entirely harmonious,
and tin is stitiened by foreign advccs to
2o.40 cents.
Special kilograms to Bradstrcet's re-
cord visible Improvement in the
distribution of staples at II majority of
the cities reporting At almost all
points 1t is noted that the outlook for
ia'l trade is very good. While weather
conditions west and northwest remain
very favorable, in Louisiana and Texas
too much rain has damaged the crops,
particularly cotton, and rendered interior
roads so heavy as to materially check
trading. Mercantile collections west
ana north arc generally more favorable.
Cattle and hogs are lower. Powder and
dynamite mills on tho Pacific coast have
formed pool. Nearly 6l,oO0 BUSH
els Of barley have been shipped from
san Francisco to New York. Cotton
ana woolen dress fibrics are more active
IN 1olb'ng circles at New York and Bos-
ton and an average distribution in all
lines OF domestic staple and department
goods is reported. Agents note larger
recorders of scasonablc fabrics and more
interest is manifested in spring goods.
The domestic WOODEN goods situation
shows little change. Raw wool is t,n-
settled. Sales are only moderate, and
the outlook Is uncertain. Sales at CON
cessions arc reported but prices are not
quotably lower. Manufacturers arc ONLY
supplying immediate wants. Cotton is
active and speculatively higher on small
supplies, late movement of new crop and
generally good demand.
Ihe depression in the sugar market
noted Tor three weeks past still con-
tinues. Raws are oil iSM0-l6 cent under
some pressure TO realize. The disinclin-
alton OF iobbors and Others to take free.
~ OF refined is still noticeable. and
prices were marked down another a
cent on Wednesday, with only a moder-
utc business resulting. The net con.
sumption of sugar in the United States
for six months ended June 80 last is es
timated at 73i, lOi tons against 7lo.4Os I
i'll like portion of 1885 and G93, 7G2 tons
in 1851 The profits of the sugar trust
for six months arr estimated by Alessrs.
Nillett " Ilamlen at 50, 1913, 900 and By
the non'trust rctncrics at S4 Az, 900.
Transactions In coffee, both distubutive
and speculative, have been heavier than
last week, with a gain of fifteen points
on the former and about thirty OH the |
latter.
The government crop report, not being
quite as favorable for wheat a. expected, |
tended to stiiien prices when backed by 1
lrmer foreign cables Restricted export |
tokings and n reduced buying interest
let quotations down again. Futures are
up about 9ac. Corn has been variable |
on heavy cables and improving specula-
tive demand but closes &c up. No. . |
oats are higher, but white oats are
lower. Exports of wheat (and |
Hour as wheaD equal 1,0l4,oOO bushels |
this week, against 2o56, go bushels last
week and 2,569,0OO bushels year ago.
Total foreign shipments July to date
equal 1,25o,ooo bushels, against 10, e53,.
$50 bushels for like period last year.
a CONTRAST.