Evening capital. (Annapolis, Md.) 1884-1910, 1889-09-07

Positive Prospects Of Continued
Business Prosperity.
NO FINANCIAL sTRmaENoY NOW.

No ElNANUlAL 6Ih1N6hNu1 NVWs
AlarmIats QuIstea and ''the street, Sat.
isflad--Unnsnal Activity In tho Tnterior
Improvements I'm IRON and steel--Gaasa
Fairly Actlve-Coal Dun--Futilc Ae
tempt 10 Room wheat.
NEW YoRK. Sept. 7.-R- 9. Dun s
Co. 3 weekly review of trade says: Real
improvement is seen in almost every de-
partment of business. With each week
it becomes more certain that the crops
of the year will be large and Of late til
news from abroad has clearly indicated
a larger foreign demand, while sue
speculation as might arrest the out
ward movement of grain and provision
has thus far been presented. In cotton,
on the other hand, the present scarcity
rules the price in spite of bright prose
poets as to the coming crop.
The Financial situation.
The effect OF heavy bond purchases By
the treasury has been great in the stock
market and is now felt in much better
demand for commercial paper, while the
prevailing opinion in the street is tina
all danger Of monetary strin gency for
the rest of the year Is over.
Nor can good reason be seen for dis
trusting this impression, unless specula
ton is pushed so far as TO cause mischief.
Meanwhile the unfavorable effects of re
cent dry goods and manufacturing fall
ures are gradually wearing of as no fur
ther disasters of importance have fol-
lowed.
Cheerful Reports from the interior.
The reports from other cities are un.
usually satisfactory. indicating at every
point either improvement or contin-
uance of previous activity where the ex-
pansion Of trade had been greatest. At
Chicago August live stock receipts were
larger than for any other month and
grain receipts increase, though receipts
OF provisions fall off. Sales and coli
lections are up to the average and the
supply of money is ample for the de-
mand, though there is slight tendency
to hold off for better rates. At Omaha
and st. Paul heavy business continues,
and at Kansas City there is increase
with money at all these points in fair
supply and collections fair. The de-
mand is brisk at Milwaukee,, but tho
supply ample. At Detroit collections
are better and business increasing with
the close of the long drought.
At Pittsburg and Philadelphia.
At Cleveland there is great activity,
especially in ore and pig iron, and the
demand for ore seems to have actually
exhausted the supply for the season. at
Pittsburg and Philadelphia improve
ment continues in the iron business and
glass is fairly active, as are liquors.
drugs and chemicals at Philadelphia,
and building permits for the year thus
far have been Z .451, against 5.013 to
date last year. But trade in wool and
coal is dull. At Boston, however, wool
is selling more freely, 2,677. 900 pound
for the week. largely of Montana ant
Ohio fleece, at some concession in prices.
but more confidence is felt. Leather is
in active demand and boots and shoes
are steady with the factories well sup
piled with orders until October.
Iron and steel.
The Improvement in iron and steel Il
general ct Philadelphia and PIttsburg,
but large buyers hesitate here and No. |
pig is still quoted to ST. to $lS, with
rails at $27 to $3.50. The demand for
bar iron Is heavy and prices have adj
vanced. Though the production Is enOr
nous, it is realized that cost of making
iron is advancing almost everywhere.
and meanwhile the remarkable rise ID
the price abroad shuts out all foreign
competition TO an unusual extent.
The coal trade does not improve, how.
ever, and the vote to restrict Septembe
production has failed as yet to bring the
desired increase of orders.
wheat, Corn, Oats and oil Decline.
The attempt to hoist wheat on extrav.
agant estimates of the European def,
cheney and demand has not been a sue.
cess, and the price has declined II cents
Tor the week, with sales of only z 600, DOC
bushels. That Europe will want more
wheat than it did last year is obviDu4
but this country has a great deal NOR
TO sell. Corn also fell cent, with sales
| of 1000. 600 bushels. and the continued
| exports, reaching 5000, 900 bushels FOR
-four, weeks of August, have an important
bearing on the probable price OF wheat.
| Oats were also a shade lower and oil de
/ clined II cents, with small transactions.
Sugar has gone still lower, but at tbs
decline some increased demand appears.
Hogs Are Higher.
Pork has been steady and hogs higher
while the spectators In coffee have
raised the price to 1D1 cents. The dis
tribution OF groceries is generally Liberal
and in dry goods the Jobbing trade has
been very large, with print cloths selling
below 81 cents for as. dress goods
steady and wooden goods, as before, IL
comparatively light demand.
In both imports and exports the in
crease over last year continues enor
NOUS, and the rate Of foreign exchangI
has advanced to S4.S8, the bank 3
England holding its minimum at pc
cent. The general level Of prices of com
m0dities Is shade lower than Last
business Failures.
Business failures during the week
4 Tor the United States ia. for Canad
~. total POI. compared with FL
last week and 2O6 the week preyiou
to the last. For the correspondent.