Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1890-12-31
DUN'SW WEEKLY REVIEW
HOLIDAY TRADE SHOWS GEN.
ERAL PROSPERITY.
At No Time Has Labor Reen So Fully
Employed ~ at the End Of 1sDO--Pros-
pect Throughout the Entire Northweat
Generally Brighter.

Al No Time Has Labor Resn So Fully
Employed ~ at the End Of 1sBO-Pr0s-
psct Throughout the Entire Northwes,
Generally Brighter.
NEW YORK, Dec. 27.-R. G.. Dun &
Co. = weekly report says: Business has
progressed as well as could be expected
In week broken by the Christmas holi-
days and great snow storm. The holi-
day trade was remarkably heavy here
and at nearly all other points good, which
Is by no means evidence that the tight:
ness OF the money market springs from
any general embarrassment OF business
or industry. The volume OF payments
through the banks continues larger,
though but about 3 per cent
larger than = year ago. Railroad
earnings thus far reported for December
show = gain OF about 4 per cent. over
those of the same weeks last year. For
eign trade IL very heavy. In spite Of
causes which were expected to insure
material decrease. The uncertainty In
roGatd 70 monetary legislation and its
possible effects II still great obstacle,
but even this has q less disturbing infiu-
u
the prospect OF unwise action seems more
remote. The money markets have gen
orally grown easier during the past
week, not only In the east. but at some
Of the western and southern centres.
Reports from other cities disclose no
important change in the condition OF
trade. Wholesale business naturally
slsckens and is quiet at this point in the
vno thn fnA 40 ION, t..0 to I,
increased by the tardincss OF collections.
ter for the trade In woolen and cotton
goods. The conditions ut other eastern
cities have been not essentially different,
though at Pittsburg Bessemer iron has
sold At $l6.25, the lowest price for the
year, and oil pig iron Is at bottom prices
Manufactured iron is In fair demand
and rails unchanged. The flint
glass trade is quite active, with
fewer hands idle than for months
past, and the window glass trade is
fair. At points further west expectation
OF improvement after Jan. l Is general,
though the trade Ia quiet In wholesale
lines, but fully up to last years. At
Kansas City the trade is quite good, but
cattle and hog receipts are light. At
Lincoln, Neb., business exceeds that OF
last year, though fears Of state legisla-
ton against lenders tends to increase the
prevailing stringency. At Denver the
demand for money Is lighter and the
supply equal to legitimate needs. At
Salt Lake the money market Is extremely
close and the outlook unsatisfactory. At
other points In the northwest the mone-
tary situation seems rather better.
Reports from the south also indicate
some Improvement. Manufacturers at
Louisville are fully employed, though
money is very close. Trade at Atlanta
improves. Cotton Is moving more satis-
tactorIly and at Galveston receipts ex-
coed those Of last year. New Orleans
reports fair trade, larger receipts Of
cotton, the crop being there estimated at
7,7OO, 900 bales, and good receipts of
sugar and molasses with steady prices.
Throughout the south the fictitious
prices maintained last summer and fall
for cotton have caused some embarrass-
ment, being followed by the inevitable
decline ~ the magnitude Of the crops
became known, but more than 5000, 900
have already passed out Of the hands OF
producers, mainly at fair prices. 1t is
especially encouraging, that, thus far,
there has been 80 little embar-
rassment and SO few failures
among the important manufacturing
works recently established In that Sec
tion. While the situation OF the iron
and steel industry shows no improve
ment, the fact that the closing weeks Of
the year are passing without any serious
setback gives encouragement. There is
anxiety as to the demand which may ap-
pear with the new year, since 1t Is gen.
orally perceived that many works must
remain idle for time unless there is q
decided increase In consumption. For
most finished products the consumption
Is even now so great that In any previous
year It would have been considered emf
nently satisfactory. The exception Is
the steel rail business, in which crisis
and destructive competition seems immi-
nent, . provisional agreement made dur
Ing the past week In this city having
been defeated BY the refusal of an east
ern mill to sign.
The woolen manufacturers are clearly
enjoying larger demand for most prod
ucts since the iMpOrtations were checked.
but rs yet no considerable improvement
in prices has been found practical. The
readjustment Of prices In the boot and
shoe and leather Industries seems to be
progressing fairly, with less prospect Of
any serious embarrassment.
On the whole labor has never been
more fully employed than In the latter
part Of 1890.
The monetary situation grows more
satisfactory, because treasury disburse-
ments continue and arrivals Of gold have
given aid and the enormous excess Of
merchandise exports over imports
Is felt In three weeks Of December ex-
ports from New York have been Z
per cent. greater than last year, which
would indicate heavier exports than in
any previous months, while the increase
in exports has been but per cent
These facts point to an excess OFF ex-
ports as large as the $37, ,OO0, 600 Of last
December, and in November the excess
Of exports over imports WAS more than
t25, ,OOO, ,OO0.
There has not been much activity
In speculation this week, though corn
has fallen from 2hc and oats
1c and cotton 3-l6c. Wheat Is &c
higher, coffee Nc and oil 4Ac.
The stock market has been left to the
professionals, who have chosen to do
but little until the new year has begun.
II is by oil classes believed that the mon
etary pressure win cease after Jan.
for time and II NO disturbing legisla-
tion comes trade may be expected TO re-
vive with vigor.
Over 80 Were Drowned.
LONDON, Dec. e7.--Further advices
from China In regard to the burning OF
miles from Eanklng, shows that the dis
1 . NJ n "A ot GnSt