Evening capital. (Annapolis, Md.) 1884-1910, 1889-09-28
THE WEEKS TRADE.
Prices Have a General Upward
Tendency.
THE FINANCIAL FUTURE 0IOUDED.

Meets the Very Large HuppIY-yRO0l
More Active wheat Advances and
Corn and Oats DerIine-stocIs Stronger.
The Weeks Failures.
New York, Sept. 2S.-R. q. Dun Il
Co.'S weekly review Of trade says: BUSH
ness indications this week are generally
favorable. Throughout the northwest
colder weather has made trade more &C
tive and at the east improving manufac-
lures and a heavy export business slim
ulates business of all kiads. The ex-
ports from New York for the last four
weeks exceeds last years by % per cent,
and like gain elsewhere would mean
an excess OF exports over imports for the
month approaching $4,000. 900, for the
increase in imports here has been but
81 per cent
But that excess would not meet the
months allowance for interest under
valuations and freight charges, so that
foreign exchange has advanced during
the week half a cent. The Bank OF
England has raised its rate from to
and that bank lost 1856, 900 specie for
the week. the Bank of France also losing
s., l24 900. These evidences of foreign
demand with the low state of reserves at
New York render the monetary future
less clear and the rates for money have
advanced during the week fully per
cent on call with increasing caution in
commercial loans.
Plenty Of Money In the Interior.
The treasury has helped during the
week by disbursing So, 100000 more than
It has taken in and the reports from in
terror points all indicate an ample sup
ply of money for legitimate needs and |
no strIngency. The demand has been
more active at Philadelphia, Chicago,
Cleveland, Detroit, Kansas City and |
Milwaukee, but the supply is still suifi-
cient, and collections are on the whole |
improving. The volume of business is
a little below last years at Boston, st. |
Louis and few other places, but gem
orally much larger, the aggregate bank |
clearing outside New York showing !
gain of nearly per nt.-onIy per |
cago, taken together, but Ii per cent. at |
all otter points.
Until Thursday the stock market had /
been comparatively inactive, though /
not declining But sharp advance has |
since appeared, putting the average OF |
prices fully 80 cents higher than week /
ago. The heavy earnings shown by the /
Pennsylvania in the monthly statement
for August had some influence.
Manufactures Improving.
Manufactures are clearly improving.
At Boston sales of wool have been g.
DS0,00 pounds for the week, with prices
about steady, and the demand Is more
active. At Philadelphia manufacturers
are also buying, though with caution.
No present changes are noticed in the
goods market, which, indeed. has been
less active since the storm, but there is
growing confidence that the business il
going TO improve.
The demand for iron and steel still
meets the very large supply and the
changes in price are all upward. Pig
iron can still be had at $3.50 for south
ern and S17 for northern No. /. $40 for
No. 2. and $50 for mill but from 81 to
S1.5 more is paid for preferred brands
Blooms have advanced ST; bar plate and
structural mills are busy. and while $50
is asked for rails at all eastern mills and
$50 quoted at Philadelphia, such prices
are not yet established by considerable
sales. At Piltshurg $3l.5O is quoted and
ut Chicago SOB; the rise from the lowest
point has been SD at the east and So at
the west. The scarcity of manganese
ore, which has risen So at Pittsburg, is
an important element.
Coal Is Rather Stronger
Coal is rather stronger, but the de-
mand does not yet meet the supply.
Copper has been a shade stronger abroad
but duh here at IL cents for lake and the
preparation to refine the large Anaconda
output by the electrolytic process PROM
ises TO increase the supply of the better
qualities
Wheat has risen 2a cents during the
week on $4,000, 900 bushels. not because
of larger foreign demand, but because
the supplies coming from farms do not
grade so well and are not large as was
expected. The price is low, at the best. ,
but there is nothing as yet to modify the
belief that the supply for the year will I
much exceed all demands.
Corn has fallen over one half cent and
oats One-quarter cent, with moderate ,
trading. The Liverpool corner in cot i,
ton il threatened by general stoppage OF
mills and rapid movement from Amor
lean plantations, port receipts thus far !
exceeding last years BY 1.S0. 900 hales,
and deports by 81, 600, and the price has !
declined I-l6. Coffee Is 4 Quarter
lower on sales of $4,000 bags, and oil 4
cent lower on small trading.
Fork Products.
Pork products are rather stronger and
butter cents higher. The general ten
dency of prices is upward though the
advance for the week his been slight.
But the signs OF greater activity in all
directions arc encouraging. and only I'M
favorable symptom il the uncertainty
Is to monetary supply.
The business failures occurring
throughout the country during the last !
seven daysasrep0rted by telegraph num- +
Der for the United States 165. for Canada !
y total 192. as compared with 1913
ast week and 1913 the week previous
g the last. For the corresponding !;
week Of last year the figures were 200. I
made up Of 1S8 failures IN the United {
States and 81 in Canada.
Poisoned hx parsnfps.
QuEHANNA. Pa. Sept. e -lfrs. 5