The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-11-24
DuN's WEEKLY REVIEW.
Legitimate Business Hardly Affected by
the st@csnt Furry IVA Stocks The Volume

SEw Y0RK. Nov. 2a.--R q. Dan 4 Co.,
Weekly ReyIew of trade says The marve
to-day is that the business world has been
able 20 stand with 30 little disturbance thus
fEf. sncf shock and strain as the past twe
weeks have brought. with tho assets of this
largest c0mmerriaT banking house In Great
Britain turned over 10 the Bank OF Eng-
land. with several stock failures here and
one nc Philadelphia and some savings
banks beseiged by ignorant depDsitors
in panic. the legitimate business bf the
country has hardly been affected al all as
| yet. The stringency has affected some buy
Ing. the difficuity Of making forelg n ex-
change threatens 10 retard the movement
| OF cotton, and more conservative temper
~ seen In trading, but everything thus far
/ Indicates sounder condition OF legitimate
business than many supposed. Tho collapse
OF many great Specuiatlons has brought
heavy losses, but the public has not been TAX
Ing much part In such operations. IL may
| be hoped that the financial institutions,
forced at last 90 drop speeulafions which abb
sorbed enormous capital viii have become
more available after the storm has passed
for the use of industry aud commerce..
British LOSSES bv the shrinkage In south
American stocks. nftraies. cednlas and
south African securities are estimated nc
s45a, ,o0o 600; the depression In American
stocks since last spring has Involved loss
Of more than s2oo,0oo.0 300. and ln wheat and
other producta losses have been Heavy: but
the number of failures up 10 thIs time has
been smaller than was apprehended. While
the money markets are generally tighI,
there h still no unusual complaint as %
collections, thoagh renewals and redls-
counts have been large
The volume Of business continues to ex-
cead that 0f any previous year at all clear
Ing houses outside OF New York about 1875
per cent for the month thus far. Exports
have been checked at New York. falling
per cent below last years for the month.
but the imports here IN half OF November
exceed last years by - per ceat. Prices
are yielding. which will help exports OF
products, Wheat has fallen cents during
the week. corn about g cents and oats 2h
cents. sales 81 5000. 900 bushels OF wheat
here Indicate large iiquidatlon. Cotton has
fallen II cent coaee = cent. on Az cents
pork IS seats per harrRl and hogs 30 cents
per 100 pounds sugar IN also Il cent lower.
tin y demoralized, lead weaker. ard no
takers are reported Cor copper ct iaa4 cents.
Thcgeneral average of prices has fallen III
per rent this month. hat i sssll abons per
cent shove that of the same date EAST yoar.
Yet nnither the shrinkags 30 pricss nor
the stf1mHenry II filc money market can lae |
attrIbutaa to the operations ai the treas
nfy. which has put soat dnrlne the week |
- aap, ,pos more ~ the new silver notes whaie
taking In onlx s2op0oD o. A1ssv sorms Or |
snoneys The solurae ~ cnft nes in rsFen-
a 300 coo. 900 against sl,fahs0oR. GOO i year
st whIeb more or less ssringenry Il not re-
parted. Baltimore. Pitssbnrg and Calves
ton are exceptions. being well supplied; bar /
Chicago and most othef paints. while the /
demand n sharp. no trouble IL reported.
Raports IT trade from other states are EN- |
couraglng. The south II moving the .iRrg-
est rrop of cotton ever grown, and while ex- /
change causes some embarrassment, the /
movement Is rapid sugar comes In largely 1
at good prices. aud the receipts " molasses /
at New Orleans are liberal at some dccaine |
with moderate receipts Of rice. Trade &
healthy at Memphis. Louisville. Atlanta
and Galveston. although In Texas lower Il
prices cause some country failures. Baiti-
more notes nu disturbances because of east Il
ern trouiae. and al Sc. Louis trade in all
lines Is good with bright prospects, Trade i
at Denver aud Kansas City Il fair. at st. i
Paul. active, though . money pressure
is feitf al Milwaukee and Detroit /
good. except that mtId weather 4
checks retail trade and the same cause ef- /
fects the shoe trade at Cleveland: Cincin-
natl reports manufacturers busy, dry goods
fairly active, and the carriage trade closing /
very profitable season: pittsburg notez /
fair business as the mills. no change IN Irou
or steel, aud good trade ln glass. OF this /
great cehters Chicago fares the best, feel /
ing eastern troubles little The movement /
Of wheat and corn isslightly less than for /
rtEE EwTfEB wwEE last year. cured meats. lard. |
butter and choose larger. and oats nearly |
doahle, but In dressed beef and hides there |
Is a heavy decline. The dry goods trade |
equals last year and the trade la clofhlng |
and shoes is enhing d profitable season.
Even az Boston and Philadelphia the /
great failures arc felt less in commercial |
circles than might have been expected. |
At Philadelphia money Is tight and COM |
merciaI paper almost unsaleabie. bat the |
trade In wool improves. In groceries trade |
IL good. though in tea and coffee dull ID |
produce trade n fair though collections arr |
slow.
Boston notes a very quiet wool market |
Lumber ~ In very fAiT demand aud prices
of boots and sloes are Hrm, though |
some grades Of leather are lower
and hides are depressed. On the |
whole. the commercial outlook Is de- |
eldedly more favorable. than might have
been expected. and while the demand for
iron and rails Is slack. buyers holding OF as
far aa possible, the producers az the fnsshed
form az iron and steel are generally sells
occupied and prices do NOT decline.
Tho business failures ocrufing through
out the country during tbs past seven days
number sfs. az compared with 2B6 last week.
For the corresponding week of last year the
figures we're 37T.
Verdict Against Mrs. LangtFy.
LOMnON Nov ga-~The trial or the action