Evening capital. (Annapolis, Md.) 1884-1910, 1889-08-17
TRADE OF THE WEEK
Encouraging Indications Of Pros
perity Continued.
INCREASE IN THE IRON OUTPUT

standing Increased Production - The
demand for Money slowly decreasing.
baf Ratos Remain Unchanged - The
wheat Crop Ample. Although Is Has
Been 0sercstInated.
NEW York, Aug. 17.-R- @. Dun q
Co.'S weekly review Of trade says: In
all directions business prospects continue
encouraging and the changes during the
past week have been on the right side.
Exports increase and speculative rise
in breadstuffs has been checked. In
terror cities report increase In the vol
ume Of trade and the money markets
continue amply supplied. The great in-
dustries appear to- be in fully as good
condition as last week, with clearer
evidence Of improvement IN iron.
Further crop news sustains govern
ment advices and estimates as TO cotton,
corn and oats and strengthens the pre-
vaiIing impression that the August re-
port as 10 wheat was more favorable
than the actual situation.
In spite of small advances in some
products the general range Of prices has
not materially changed and railroad
earnings continue good though all con-
bIONGh1Ac1 nave hVe 10 ~ 0~S@A ~@~.AA ~
away.
The money MARKET.
Teleqraphic reports from anterior ci ties
all agree THAT the crop prospects are ex-
cellent, and that the banks are as yet
amply supplied with funds While the
demand for money is slowly increasing
and lenders are little more cautious at
some points, there is no reported change
of rates at any western center and
scarcely any quotable change at Boston
or New York.
A new treasury arrangement discon-
tinuing Geographic transfers, but pro-
viding for more extended though less
prompt, transfers by express, causes
some questioning as TO its probable ef-
feet upon the market, but it is thought
likely To lessen the force OF the interior
demand upon the New York resources.
The treasury has obtained but few bonds
Of late and its surplus has risen above
SO, 900, 900, but there is confidence at
the department that bonds will be freely
offered whenever there is any need of
more money IN the principal markets.
The impression among bankers, how
ever, is that most of the floating per
per cents are held for speculation In the
belief that the treasury will be obliged
10 raise its price. In one way or the
other there Is faith that needed money
viii gefinto circulation.
Iron and Wool.
The capacity Of the iron furnaces In
blast Aug. / was 145.600 tons weekly,
against 141,41T July /, and 119, $3.50 q
wear ago. Notwithstanding this in.
crease for the month Of over per cent.
in the output, prices of pig iron are
everywhere well maintained, and Besse-
mer iron at Pittsburg is advancing. The
settlement with coke workers and adj
vance ia wages, viii doubtless cause
coke to advance to Sl.20 or 81. 90 per ton,
and SO compel an advance IN iron pro-
duced with Connellsville coke for fuel.
But the character of the market gem
orally Is peculiar. For the most reliable
and best known brands demand exceeds
supply, but for other kinds the reverse
seems vet to be the fact. Bar, plate and
structural works are full of orders for
the present and prices are firm, while
nails are also in better. demand, but the
sales of rails are small, without change
in quotations.
Wool Is dull, dealers waiting for an
advance and manufacturers for fall in
prices, the mills meanwhile working
much below their full capacity. But
there are some signs Of improvement In
the clothing trade.
Fluctuations in Cereals and OIL
with sales Of only 1000 900 bushels
wheat advanced two, then reacted and
closes one-half cent higher than a week
ago. Corn. with sales Of 5000, GOO
bushels. rose nearly / cent, but closed
with only one-quarter cent adv ance, oats
retaining the rise of three-Quarter cent.
The bureau report encouraged some
speculation for higher prices, but 1t was
soon seen that in any case the supply OF
wheat would probably exceed oil home
and foreign demands.
Oil.to0k a.speculative dip Of cents
and recovered about 2 cents, with no
visible reason.
Pork products are generally lower.
Dry Goods Active and Coal Fiat.
Cotton Is unchanged for spot with
print cloths weak &c 3.S7. An advance
Ia some STYLES Of cotton goods il by
many expected and the iobbing move.
menf Is large. In general the dry goods
trade has opened with more activity
than was anticipated and confidence in
large and profitable fall business i
STRENGTHENED
The trade III drugs and chemicals il
PHILADELPHIA has also notably revived,
though dyesfuIfs are still dull
The coal trade IS flas and disappoint.
ing and anthracite stove Is said 70 BE
actually selling at 81, and nevertheless
another advance ia nominal price Of Il
to Is cents per ton IS proposed fol
Sept l.
The stock market steadily improved
until Tuesday, when slow decline
set II.
business Failures
The failures during the last seven
DAYS were for the United States 1S1. f0l
Canada 81. total 2i3. against total d
20l last week and 201 the week previou.
"a the last For the corresponding
week Of last year the figures were e19
representing l65 failures in the United
States and s. ID Canada
cubernatorfai Material
WrgEsBARRE. Pa, Aug. IT, Lieu.
tenant Governor Davies was In town
veslefSlay How many candidates are
a.