Evening capital. (Annapolis, Md.) 1884-1910, 1889-06-22

LARGER TRANSACTIONS II IRON.

LARGER TRANSACTIONS III IRON.
nevertheless There Il Little Substantial
Improvement IN tha General Outlook.
Nsilwpy Hates Dsnorallaed--A Dlsap-
pointing Coal n1nrkat-Wheat Advances,
wits Improved Crop Prospects,
NKw YoRK, June g. g. Dun q
Co.'S weekly review Of trade, says:
While business is rather more active. ii
cnnnot Be said that the outlook has on
the whole improved. There is better
feeling, with larger transactions ii iron
and wool, and crop prospects are more
favorable. But the agreement ~ rail-
way presidents has not prevented re-
newal Of strife and the decentralization
81 rates b spreading widely and, mean
while, the exports Of gold today will ex-
coed 81 100, 900. The railway outlook
continues 10 discourage foreign investors
and The banks begin the last half OF the
year with low reserves, gold going out
and large crops TO be moved, the m0ne-
tary prospect win not be quite encour-
aging.
The present increase over last year in
the volume Of payments through clear
ing houses IL large, at New York averag
ing ~ per cent. for two weeks Of June;
not 80 large ut Boston, Philadelphia and
Chicago, where speculation Is active, but
averages for the two weeks 10. 3 per cent.
and smaller, but yet considerable, at the
thirty remaining towns, where the in
crease for two weeks averages 9.2 per
cent.
The actual increase of per cent. In
volume Of payments is fairly distributed,
though ut about third Of the cities busi-
ness falls below last years. At Milwau.
kee continued wet weather retards and
business Is rather quiet Oft Kansas City,
aud outside of speculative operations
and the iron trade it Is generally dull az
Philadelphia. hut marked Improvement
II noted az Pittsburg and In less degree
1T Cleveland. Rains have decidedly Inn
proved crop prospects in the Northwest,
50 that great hopefulness tinges all com
merclal reports from that section, and
the Decentralization Of rail rates Is COM
monty supposed to promise better re-
turns 10 farmers.
1setter Prices for IRON.
Better prices for iron are reported at
Plttsburg, at Philadelphia, and to some
extent here. the advance on many
kinds Of pig iron being about 90 cents q
ton. But northern No. / can still be
bought here.at $1,000 to SIS, and south
ern No. at Sl6.25 to SIT per ton. The
markets for manufactured products are
stronger and higher, but there is feel
ing Of doubt whether the improvement
will hold after the orders have been
placed which result from recent destruc-
lion Of property by food.
The Coal Market Demora1ized.
iii coal recent hopes have not been
realized. tt Is even stated that the
Reading company has not received q
single order at the late advance, and
sales below the schedule are reported at
Philadelphia. Copper is unchanged,
but tin is lower at 30 cents, production
having been stimulated. Wool is rather
stronger, 104 quotations averaging 3 of
cent higher, and manufacturers in
some lines buy more hopefully, but in
many others the state Of the dry goods
market Is still given as q good reason for
buying no more than enough for isnme-
diate requirements.
Advance IN Cereals.
Wheat has been advanced 1qc., with
sales Of 10000 600 bushels here for the
week. But this speculative movement
seeYnst to take no account Of the fact that
wheat and flour equivalent 10 about 40,-
600 900 bushels in excess Of minimum
stock will probably remain from tho
last crop, to be added to new supply
which now promises to exceed all re-
auirements for the next year. Corn Is
Ia. and oats SO. higher. for no other rea-
son than because wheat advances. Cot
ton has declined To-, with sales of 1885,
900 bales III d week, which is more than
double the entire stock at all ports.