The Brookhaven leader., 1890-07-31
IMPROVING.
Dun's Weekly Report Makes . More Bo-
oouraging showing-More Money and
Better Prices In sight.

oouraging showing-More Money and
Better Prices In sight.
NEW YORK, July 26.-R G. Dun &
Co.'S weekly review of trade says: More
money and higher prices met the wishes
of most traders, and accordingly the
tone of the business world Is more sat-
isfied and confident Meanwhile silver
is accumulating, having risen cent per
ounce by Monday and since declined
three-fourths of a cent, and shipments
hither from Russia have become known
Because of speculation in grain and cot
ton, and higher prices for some manu-
factured goods, the general average
| has risen during the week one-half OF
per cent, and there are indications OF
| renewal of the speculative fever, which
the prospect OF monetary expansion
produced some time ago. But in other
| respects the outlook is good, business
| large for the season and the great indus
tries on the whole improving in condi-
ton. Latest reports of exchanges
| through clearing houses outside of New
York show a gain of Is per cent. over
| last year.
The wooden manufacture shows the
| least improvement of all the great in
| dustries. The failure of the Senate to
go on with the Tariff bill operates as
wet blanket the dealers say. The boot
| and shoe trade is particularly healthy
and active for the season. A most
cheering statement is made by the iron
and steel association, showing that
stocks of pig iron unsold have increased
/ - Var 4
| though the production in the six
months is reckoned by the Iron Age at
| 4, ,61O, 900 tons, which would indicate an
| increase of nearly half a million tons
in the consumption. The coal trade is
| phenomenally dull and the output for
| July has been restricted to 5000, 900
tons. Copper rises steadily with grow
| ing demand, while tin is an eighth
lower and lead quiet
| Wheat has been hoisted by great per-
sistency in circulating unfavorable re-
| ports of yield at home and abroad, but
exports are not large, and the
| prospect in most of the spring
wheat regions is very light Prices
advanced 235c cents for wheat,
215 for corn and 2 for oats on small
| transactions. Cotton also rose three
| sixteenths of cent on sales of $50, 600
bales, in spite of highly favored crop
| reports Coffee was steady and dealers
| claim that better distributive demand
begins to be felt Oil is a fraction
| higher with small transactions, but
| hogs and pork products are lower Raw
sugar has been lifted fraction in spite
| of the depression of refined by Spreckles'
sales. In general speculative markets
| for products show tendency to ad-
| vance, mainly because of more money
| and more speculation.
The state of business at other cities is
everywhere as favorable and, at some,
| more favorable than a week ago Bos-
| ton notes trade steadily exceeding last
years, with quiet in some branches, but
great activity expected. Philadelphia
finds a greater demand for iron products,
with difficulty in obtaining prompt de-
liveries; the tobacco business is fair and
the trade in chemicals, drugs and liquors,
though quiet as usual at this season, is
in good condition. Chicago enjoys, ac-
cording to Board of Trade returns,
large increase in all grains and
considerable in cured meats and
cattle, with dressed beef move
ment three times as large
as last year, and sales of dry goods and
clothing larger than year ago. Wool
receipts are small, and the shoe trade
quiet st. Louis reports fair volume
of trade in nearly all lines, and good
prospects for the fall. At Kansas City
business is better and at Milwaukee
and Detroit fairly maintained for the
season, with good prospects. At Pitts
burgh, iron is slightly weaker for few
grades, but manufactured products are
in good demand and the glass trade
steady.